Rhumbline Advisers boosted its position in shares of Access National Corporation (NASDAQ:ANCX) by 93.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,827 shares of the financial services provider’s stock after acquiring an additional 7,635 shares during the quarter. Rhumbline Advisers owned 0.08% of Access National Corporation worth $420,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ANCX. Nationwide Fund Advisors increased its position in Access National Corporation by 17.6% during the first quarter. Nationwide Fund Advisors now owns 5,384 shares of the financial services provider’s stock valued at $162,000 after acquiring an additional 807 shares during the last quarter. First Trust Advisors LP increased its position in Access National Corporation by 10.3% during the first quarter. First Trust Advisors LP now owns 19,745 shares of the financial services provider’s stock valued at $593,000 after acquiring an additional 1,844 shares during the last quarter. Bank of New York Mellon Corp increased its position in Access National Corporation by 5.1% during the first quarter. Bank of New York Mellon Corp now owns 86,958 shares of the financial services provider’s stock valued at $2,611,000 after acquiring an additional 4,217 shares during the last quarter. American International Group Inc. increased its position in Access National Corporation by 6.8% during the first quarter. American International Group Inc. now owns 5,014 shares of the financial services provider’s stock valued at $151,000 after acquiring an additional 321 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Access National Corporation by 17.8% during the first quarter. Vanguard Group Inc. now owns 256,574 shares of the financial services provider’s stock valued at $7,702,000 after acquiring an additional 38,803 shares during the last quarter. Institutional investors own 36.86% of the company’s stock.

Shares of Access National Corporation (ANCX) opened at 28.82 on Friday. The firm’s 50-day moving average price is $26.26 and its 200 day moving average price is $27.32. Access National Corporation has a 12-month low of $22.73 and a 12-month high of $33.18. The company has a market cap of $310.28 million, a price-to-earnings ratio of 18.71 and a beta of 1.00.

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A number of research firms recently commented on ANCX. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $29.00 price objective on shares of Access National Corporation in a research report on Tuesday. BidaskClub upgraded Access National Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $30.20.

In related news, Director J Randolph Babbitt acquired 4,100 shares of Access National Corporation stock in a transaction on Tuesday, August 29th. The stock was acquired at an average price of $25.53 per share, for a total transaction of $104,673.00. Following the purchase, the director now owns 9,126 shares of the company’s stock, valued at approximately $232,986.78. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have acquired a total of 4,955 shares of company stock valued at $126,168 in the last quarter. Company insiders own 14.23% of the company’s stock.

Access National Corporation Company Profile

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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Institutional Ownership by Quarter for Access National Corporation (NASDAQ:ANCX)

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