Mark D. Moore Purchases 3,972 Shares of Access National Corporation (ANCX) Stock
Access National Corporation (NASDAQ:ANCX) insider Mark D. Moore acquired 3,972 shares of the company’s stock in a transaction dated Friday, November 24th. The shares were purchased at an average cost of $27.84 per share, for a total transaction of $110,580.48. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Access National Corporation (NASDAQ ANCX) traded up $0.49 during trading hours on Thursday, hitting $30.03. The stock had a trading volume of 61,200 shares, compared to its average volume of 38,149. Access National Corporation has a 52-week low of $24.36 and a 52-week high of $33.18. The stock has a market cap of $604.17, a price-to-earnings ratio of 21.72 and a beta of 0.98. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.14.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Thursday, November 9th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, November 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.00%. Access National’s dividend payout ratio (DPR) is 63.83%.
A number of brokerages have recently commented on ANCX. Stephens began coverage on shares of Access National in a research note on Thursday, November 16th. They set an “overweight” rating and a $31.00 price objective on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $30.00 price objective on shares of Access National in a research note on Sunday, November 5th. Maxim Group reaffirmed a “buy” rating and set a $33.00 price objective (up previously from $32.00) on shares of Access National in a research note on Monday, October 30th. Zacks Investment Research raised shares of Access National from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Friday, October 27th. Finally, Raymond James Financial raised shares of Access National 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $31.43.
About Access National
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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