Suntrust Banks Inc. Acquires Shares of 34,083 Access National Corporation (ANCX)
Suntrust Banks Inc. acquired a new position in shares of Access National Corporation (NASDAQ:ANCX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 34,083 shares of the financial services provider’s stock, valued at approximately $903,000. Suntrust Banks Inc. owned 0.17% of Access National Corporation at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. American International Group Inc. raised its stake in shares of Access National Corporation by 6.8% in the 1st quarter. American International Group Inc. now owns 5,014 shares of the financial services provider’s stock valued at $151,000 after purchasing an additional 321 shares during the period. Sandy Spring Bank acquired a new stake in shares of Access National Corporation in the 2nd quarter valued at about $141,000. Nationwide Fund Advisors raised its stake in shares of Access National Corporation by 17.6% in the 1st quarter. Nationwide Fund Advisors now owns 5,384 shares of the financial services provider’s stock valued at $162,000 after purchasing an additional 807 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Access National Corporation in the 2nd quarter valued at about $229,000. Finally, Alliancebernstein L.P. acquired a new stake in shares of Access National Corporation in the 2nd quarter valued at about $289,000. 36.86% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director J Randolph Babbitt acquired 4,100 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were bought at an average price of $25.53 per share, with a total value of $104,673.00. Following the transaction, the director now directly owns 9,126 shares of the company’s stock, valued at $232,986.78. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have bought a total of 4,955 shares of company stock worth $126,168 in the last three months. Insiders own 14.23% of the company’s stock.
ANCX has been the topic of several recent research reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $29.00 price target on shares of Access National Corporation in a research note on Tuesday. BidaskClub raised Access National Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $30.20.
ILLEGAL ACTIVITY WARNING: This news story was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/10/06/suntrust-banks-inc-acquires-shares-of-34083-access-national-corporation-ancx.html.
Shares of Access National Corporation (NASDAQ ANCX) opened at 28.82 on Friday. Access National Corporation has a 1-year low of $22.73 and a 1-year high of $33.18. The firm has a market cap of $310.28 million, a P/E ratio of 18.71 and a beta of 1.00. The firm has a 50 day moving average price of $26.26 and a 200 day moving average price of $27.32.
Access National Corporation 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.
Want to see what other hedge funds are holding ANCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Access National Corporation (NASDAQ:ANCX).
Receive News & Stock Ratings for Access National Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Access National Corporation and related stocks with our FREE daily email newsletter.