Renaissance Technologies LLC Has $8.30 Million Position in Access National Corporation (ANCX)
Renaissance Technologies LLC decreased its stake in shares of Access National Corporation (NASDAQ:ANCX) by 13.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 276,400 shares of the financial services provider’s stock after selling 43,500 shares during the period. Renaissance Technologies LLC’s holdings in Access National Corporation were worth $8,298,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC increased its stake 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 last quarter. Vanguard Group Inc. boosted 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 worth $7,702,000 after buying an additional 38,803 shares during the last quarter. American International Group Inc. boosted its position in shares of 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 worth $151,000 after buying an additional 321 shares during the last quarter. Parkside Investments LLC bought a new position in shares of Access National Corporation during the first quarter worth about $527,000. Finally, Private Advisor Group LLC bought a new position in shares of Access National Corporation during the first quarter worth about $402,000. Hedge funds and other institutional investors own 23.60% of the company’s stock.
Access National Corporation (NASDAQ ANCX) traded down 0.08% on Friday, reaching $24.70. The company’s stock had a trading volume of 54,477 shares. The company has a market cap of $503.66 million, a P/E ratio of 23.39 and a beta of 0.95. Access National Corporation has a 12 month low of $21.18 and a 12 month high of $33.18. The stock’s 50 day moving average price is $26.35 and its 200 day moving average price is $27.48.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Monday, August 14th will be issued a $0.15 dividend. The ex-dividend date is Thursday, August 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.43%. Access National Corporation’s dividend payout ratio is presently 59.41%.
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Separately, Zacks Investment Research cut Access National Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, April 25th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $29.14.
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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