Alliancebernstein L.P. acquired a new position in Access National Corporation (NASDAQ:ANCX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,897 shares of the financial services provider’s stock, valued at approximately $289,000. Alliancebernstein L.P. owned about 0.05% of Access National Corporation as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ANCX. American International Group Inc. grew its stake 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 purchasing an additional 321 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Access National Corporation in the second quarter worth $229,000. Russell Investments Group Ltd. grew its stake in shares of Access National Corporation by 160.9% in the second quarter. Russell Investments Group Ltd. now owns 10,980 shares of the financial services provider’s stock worth $291,000 after purchasing an additional 6,772 shares during the last quarter. Palladium Partners LLC bought a new stake in shares of Access National Corporation in the second quarter worth $353,000. Finally, Rhumbline Advisers grew its stake in shares of Access National Corporation by 93.2% in the second quarter. Rhumbline Advisers now owns 15,827 shares of the financial services provider’s stock worth $420,000 after purchasing an additional 7,635 shares during the last quarter. 36.88% of the stock is currently owned by institutional investors.

Shares of Access National Corporation (NASDAQ ANCX) opened at $27.10 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.19. The company has a market cap of $552.22, a price-to-earnings ratio of 19.85 and a beta of 0.98. Access National Corporation has a 1 year low of $24.36 and a 1 year high of $33.18.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Thursday, November 9th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, November 8th. This represents a $0.60 dividend on an annualized basis and a yield of 2.21%. Access National Corporation’s dividend payout ratio (DPR) is currently 63.83%.

Several analysts recently weighed in on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $30.00 price objective on shares of Access National Corporation in a research note on Sunday, November 5th. UBS AG raised shares of Access National Corporation from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 26th. Raymond James Financial, Inc. raised shares of Access National Corporation from a “market perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research note on Thursday, October 26th. Zacks Investment Research raised shares of Access National Corporation from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Friday, October 27th. Finally, BidaskClub raised shares of Access National Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $31.50.

COPYRIGHT VIOLATION WARNING: This report was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/11/11/alliancebernstein-l-p-purchases-shares-of-10897-access-national-corporation-ancx.html.

In other news, Director J Randolph Babbitt purchased 4,100 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were acquired at an average price of $25.53 per share, with a total value of $104,673.00. Following the completion of the transaction, the director now owns 9,126 shares of the company’s stock, valued at approximately $232,986.78. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have acquired 4,955 shares of company stock worth $126,168 in the last ninety days. Insiders own 14.23% of the company’s stock.

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).

Institutional Ownership by Quarter 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.