Analysts expect that Access National Corporation (NASDAQ:ANCX) will announce sales of $31.67 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Access National Corporation’s earnings, with the lowest sales estimate coming in at $31.20 million and the highest estimate coming in at $32.13 million. Access National Corporation reported sales of $19.93 million during the same quarter last year, which indicates a positive year-over-year growth rate of 58.9%. The business is expected to report its next quarterly earnings report on Friday, July 21st.

On average, analysts expect that Access National Corporation will report full year sales of $31.67 million for the current financial year, with estimates ranging from $113.38 million to $114.20 million. For the next year, analysts expect that the business will report sales of $135.74 million per share, with estimates ranging from $129.08 million to $142.40 million. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Access National Corporation.

ANCX has been the topic of a number of research reports. Merion Capital Group initiated coverage on Access National Corporation in a report on Monday, March 27th. They issued a “neutral” rating and a $31.00 price objective on the stock. Keefe, Bruyette & Woods set a $30.00 price objective on Access National Corporation and gave the company a “hold” rating in a report on Tuesday, April 4th. Zacks Investment Research lowered Access National Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, April 25th. Finally, Sandler O’Neill began coverage on Access National Corporation in a report on Monday, April 17th. They set a “hold” rating and a $30.00 target price on the stock. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Access National Corporation currently has a consensus rating of “Hold” and a consensus target price of $29.14.

Shares of Access National Corporation (NASDAQ ANCX) traded down 0.56% on Thursday, reaching $26.51. The company had a trading volume of 50,382 shares. The company’s 50-day moving average price is $27.85 and its 200-day moving average price is $27.90. Access National Corporation has a 52-week low of $21.02 and a 52-week high of $33.18. The firm has a market capitalization of $538.31 million, a price-to-earnings ratio of 19.10 and a beta of 0.96.

In other news, Director Mark D. Moore bought 1,500 shares of the company’s stock in a transaction on Thursday, May 18th. The stock was purchased at an average cost of $28.05 per share, for a total transaction of $42,075.00. Following the completion of the transaction, the director now owns 11,964 shares of the company’s stock, valued at $335,590.20. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mark D. Moore bought 5,000 shares of the company’s stock in a transaction on Friday, April 28th. The stock was purchased at an average price of $28.43 per share, with a total value of $142,150.00. Following the completion of the transaction, the director now directly owns 6,964 shares of the company’s stock, valued at approximately $197,986.52. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 7,987 shares of company stock worth $225,873. 24.31% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of ANCX. American International Group Inc. increased its position in Access National Corporation by 6.8% in the first quarter. American International Group Inc. now owns 5,014 shares of the financial services provider’s stock valued at $151,000 after buying an additional 321 shares in the last quarter. Nationwide Fund Advisors increased its position in shares of Access National Corporation by 17.6% in the first quarter. Nationwide Fund Advisors now owns 5,384 shares of the financial services provider’s stock worth $162,000 after buying an additional 807 shares during the period. Metropolitan Life Insurance Co. NY increased its position in shares of Access National Corporation by 847.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,445 shares of the financial services provider’s stock worth $179,000 after buying an additional 5,765 shares during the period. American Research & Management Co. increased its position in shares of Access National Corporation by 13.6% in the first quarter. American Research & Management Co. now owns 7,499 shares of the financial services provider’s stock worth $225,000 after buying an additional 900 shares during the period. Finally, Highbridge Capital Management LLC bought a new position in shares of Access National Corporation during the fourth quarter worth about $228,000. Hedge funds and other institutional investors own 22.64% of the company’s stock.

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About Access National Corporation

Access National Corporation is a bank holding company. The Company operates through its subsidiary, Access National Bank (the Bank). The Bank offers a range of financial services and products, and specializes in providing customized financial services to small and medium sized businesses, professionals and associated individuals.

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