Equities research analysts forecast that Access National Corporation (NASDAQ:ANCX) will post $31.67 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Access National Corporation’s earnings. The lowest sales estimate is $31.20 million and the highest is $32.13 million. Access National Corporation posted sales of $19.93 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 58.9%. The firm is scheduled to report its next quarterly earnings results on Friday, July 21st.

According to Zacks, 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 fiscal year, analysts forecast that the company will post sales of $135.74 million per share, with estimates ranging from $129.08 million to $142.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Access National Corporation.

Several research analysts have weighed in on the stock. Keefe, Bruyette & Woods set a $30.00 price objective on shares of Access National Corporation and gave the company a “hold” rating in a research note on Tuesday, April 4th. Zacks Investment Research lowered shares of Access National Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, February 21st. Sandler O’Neill assumed coverage on shares of Access National Corporation in a research note on Monday, April 17th. They issued a “hold” rating and a $30.00 price objective on the stock. Finally, Merion Capital Group assumed coverage on shares of Access National Corporation in a research note on Monday, March 27th. They issued a “neutral” rating and a $31.00 price objective on the stock. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $29.14.

Shares of Access National Corporation (NASDAQ:ANCX) traded down 1.60% during mid-day trading on Friday, hitting $27.75. 117,829 shares of the stock traded hands. The company has a market cap of $563.49 million, a price-to-earnings ratio of 19.99 and a beta of 0.97. The stock has a 50-day moving average of $28.42 and a 200-day moving average of $28.00. Access National Corporation has a 52 week low of $18.55 and a 52 week high of $33.18.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 25th. Shareholders of record on Friday, March 31st were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, March 29th. This represents a $0.60 annualized dividend and a yield of 2.16%. Access National Corporation’s dividend payout ratio is presently 46.88%.

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In related news, Director Mark D. Moore acquired 5,000 shares of the company’s stock in a transaction on Friday, April 28th. The shares were purchased at an average price of $28.43 per share, for a total transaction of $142,150.00. Following the purchase, the director now owns 6,964 shares in the company, valued at $197,986.52. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark D. Moore acquired 1,500 shares of the company’s stock in a transaction on Thursday, May 18th. The stock was bought at an average price of $28.05 per share, for a total transaction of $42,075.00. Following the purchase, the director now owns 11,964 shares in the company, valued at approximately $335,590.20. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 7,987 shares of company stock worth $225,873. Company insiders own 24.31% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC raised its position in shares of Access National Corporation by 67.5% in the fourth quarter. Renaissance Technologies LLC now owns 319,900 shares of the financial services provider’s stock valued at $8,880,000 after buying an additional 128,900 shares during the period. Geode Capital Management LLC raised its position in shares of Access National Corporation by 85.5% in the first quarter. Geode Capital Management LLC now owns 105,968 shares of the financial services provider’s stock valued at $3,181,000 after buying an additional 48,833 shares during the period. Two Sigma Investments LP raised its position in shares of Access National Corporation by 474.5% in the fourth quarter. Two Sigma Investments LP now owns 58,115 shares of the financial services provider’s stock valued at $1,613,000 after buying an additional 48,000 shares during the period. Vanguard Group Inc. raised its position in shares of Access National Corporation by 17.8% in the first quarter. Vanguard Group Inc. now owns 256,574 shares of the financial services provider’s stock valued at $7,702,000 after buying an additional 38,803 shares during the period. Finally, John W. Rosenthal Capital Management Inc. acquired a new position in shares of Access National Corporation during the first quarter valued at approximately $830,000. Institutional investors own 22.64% of the company’s stock.

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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