Stephens began coverage on shares of Access National Corporation (NASDAQ:ANCX) in a research note issued on Thursday. The brokerage set an “overweight” rating and a $31.00 price target on the financial services provider’s stock. Stephens’ price objective indicates a potential upside of 9.00% from the stock’s current price.

Several other equities research analysts have also weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $30.00 target price on shares of Access National Corporation in a report on Sunday, November 5th. Maxim Group reaffirmed a “buy” rating and issued a $33.00 target price (up previously from $32.00) on shares of Access National Corporation in a report on Monday, October 30th. Zacks Investment Research raised shares of Access National Corporation from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Friday, October 27th. Raymond James Financial, Inc. raised shares of Access National Corporation from a “market perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a report on Thursday, October 26th. Finally, UBS AG raised shares of Access National Corporation from a “market perform” rating to an “outperform” rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $31.43.

Shares of Access National Corporation (NASDAQ ANCX) opened at $28.44 on Thursday. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.14. Access National Corporation has a fifty-two week low of $24.36 and a fifty-two week high of $33.18. The firm has a market cap of $583.93, a PE ratio of 20.46 and a beta of 0.95.

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

A number of large investors have recently modified their holdings of the business. Janus Henderson Group PLC grew its holdings in Access National Corporation by 6.4% during the 3rd quarter. Janus Henderson Group PLC now owns 926,679 shares of the financial services provider’s stock worth $26,559,000 after acquiring an additional 55,409 shares during the last quarter. Franklin Resources Inc. grew its holdings in Access National Corporation by 127.0% during the 2nd quarter. Franklin Resources Inc. now owns 832,389 shares of the financial services provider’s stock worth $22,075,000 after acquiring an additional 465,689 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in Access National Corporation by 2.8% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 677,405 shares of the financial services provider’s stock worth $19,414,000 after acquiring an additional 18,387 shares during the last quarter. Vanguard Group Inc. grew its holdings in Access National Corporation by 134.8% during the 2nd quarter. Vanguard Group Inc. now owns 602,356 shares of the financial services provider’s stock worth $15,974,000 after acquiring an additional 345,782 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Access National Corporation by 7.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 402,215 shares of the financial services provider’s stock worth $10,666,000 after acquiring an additional 28,042 shares during the last quarter. 36.75% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Access National Corporation (NASDAQ:ANCX)

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