Somewhat Favorable News Coverage Somewhat Unlikely to Affect Access National Corporation (ANCX) Share Price

Headlines about Access National Corporation (NASDAQ:ANCX) have trended somewhat positive on Saturday, Accern Sentiment reports. The research group scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Access National Corporation earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 46.2518449166219 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Several research firms have recently issued reports on ANCX. Zacks Investment Research lowered shares of Access National Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, April 25th. Sandler O’Neill began coverage on shares of Access National Corporation in a research note on Monday, April 17th. They issued a “hold” rating and a $30.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $29.14.

Access National Corporation (NASDAQ ANCX) traded down 1.60% during mid-day trading on Friday, reaching $25.16. 35,159 shares of the company’s stock were exchanged. Access National Corporation has a 1-year low of $21.02 and a 1-year high of $33.18. The stock has a market capitalization of $512.71 million, a PE ratio of 23.83 and a beta of 0.95. The firm’s 50-day moving average is $26.51 and its 200 day moving average is $27.55.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Monday, August 14th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Thursday, August 10th. Access National Corporation’s payout ratio is 59.41%.

In other news, Director Mark D. Moore acquired 1,500 shares of Access National Corporation stock in a transaction that occurred on Thursday, May 18th. The shares were acquired at an average price of $28.05 per share, with a total value of $42,075.00. Following the completion of the purchase, the director now owns 11,964 shares of the company’s stock, valued at approximately $335,590.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have purchased 2,287 shares of company stock worth $63,584 in the last three months. Insiders own 24.31% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Somewhat Favorable News Coverage Somewhat Unlikely to Affect Access National Corporation (ANCX) Share Price” was originally reported by Stock Observer and is the sole property of of Stock Observer. If you are accessing this story on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark laws. The original version of this story can be accessed at https://www.thestockobserver.com/2017/08/12/somewhat-favorable-press-coverage-somewhat-unlikely-to-affect-access-national-corporation-ancx-stock-price-updated.html.

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.

Insider Buying and Selling by Quarter for Access National Corporation (NASDAQ:ANCX)

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply