Access National Corp. (NASDAQ:ANCX) issued its quarterly earnings results on Friday. The financial services provider reported $0.41 EPS for the quarter, topping the consensus estimate of $0.38 by $0.03. Access National Corp. had a net margin of 22.27% and a return on equity of 14.99%.

Shares of Access National Corp. (NASDAQ:ANCX) traded up 0.29% on Monday, hitting $24.55. 21,989 shares of the stock traded hands. The stock has a 50-day moving average price of $23.40 and a 200 day moving average price of $21.16. Access National Corp. has a 12-month low of $16.26 and a 12-month high of $25.05. The stock has a market cap of $259.91 million, a price-to-earnings ratio of 15.44 and a beta of 0.81.

Earnings History for Access National Corp. (NASDAQ:ANCX)

Several equities analysts recently commented on ANCX shares. Zacks Investment Research raised shares of Access National Corp. from a “hold” rating to a “strong-buy” rating and set a $25.00 price target for the company in a research report on Monday, July 18th. Citigroup Inc. downgraded shares of Access National Corp. to a “market perform” rating in a research note on Monday, July 18th. They noted that the move was a valuation call. Raymond James Financial Inc. downgraded shares of Access National Corp. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 18th. Maxim Group began coverage on shares of Access National Corp. in a research note on Thursday, August 25th. They set a “buy” rating and a $21.50 price objective for the company. Finally, FBR & Co reiterated a “hold” rating on shares of Access National Corp. in a research note on Monday, July 18th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $21.10.

In related news, Director Mark D. Moore purchased 1,313 shares of Access National Corp. stock in a transaction dated Wednesday, August 3rd. The stock was acquired at an average cost of $21.50 per share, with a total value of $28,229.50. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $107,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark D. Moore purchased 3,287 shares of Access National Corp. stock in a transaction dated Monday, July 25th. The stock was bought at an average cost of $21.67 per share, with a total value of $71,229.29. Following the completion of the transaction, the director now directly owns 3,687 shares of the company’s stock, valued at $79,897.29. The disclosure for this purchase can be found here. 24.31% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of ANCX. Vanguard Group Inc. raised its stake in Access National Corp. by 11.3% in the second quarter. Vanguard Group Inc. now owns 181,762 shares of the financial services provider’s stock worth $3,546,000 after buying an additional 18,463 shares during the period. BlackRock Investment Management LLC raised its stake in Access National Corp. by 18.4% in the second quarter. BlackRock Investment Management LLC now owns 33,256 shares of the financial services provider’s stock worth $649,000 after buying an additional 5,171 shares during the period. BlackRock Fund Advisors raised its stake in Access National Corp. by 10.8% in the second quarter. BlackRock Fund Advisors now owns 212,288 shares of the financial services provider’s stock worth $4,142,000 after buying an additional 20,720 shares during the period. Teachers Advisors Inc. raised its stake in Access National Corp. by 15.5% in the second quarter. Teachers Advisors Inc. now owns 11,597 shares of the financial services provider’s stock worth $226,000 after buying an additional 1,556 shares during the period. Finally, Ativo Capital Management LLC raised its stake in Access National Corp. by 80.6% in the second quarter. Ativo Capital Management LLC now owns 44,808 shares of the financial services provider’s stock worth $874,000 after buying an additional 20,000 shares during the period. 24.25% of the stock is owned by institutional investors and hedge funds.

About Access National Corp.

Access National Corporation is a bank holding company. The Company operates through its subsidiary, Access National Bank (the Bank). The Bank provides credit, deposit, mortgage services and wealth management services to middle market commercial businesses and associated professionals, primarily in the Washington, District of Columbia Metropolitan Area.

5 Day Chart for NASDAQ:ANCX

Receive News & Stock Ratings for Access National Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Access National Corp. and related stocks with our FREE daily email newsletter.