Barclays PLC raised its position in shares of Access National Co. (NASDAQ:ANCX) by 47.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,451 shares of the financial services provider’s stock after acquiring an additional 3,048 shares during the period. Barclays PLC’s holdings in Access National were worth $202,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Access National in the 4th quarter worth about $31,000. Strs Ohio acquired a new stake in Access National during the 4th quarter worth approximately $115,000. B. Riley Wealth Management Inc. acquired a new stake in Access National during the 3rd quarter worth approximately $221,000. MetLife Investment Advisors LLC increased its position in Access National by 56.4% during the 3rd quarter. MetLife Investment Advisors LLC now owns 11,094 shares of the financial services provider’s stock worth $301,000 after purchasing an additional 4,001 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new position in Access National in the third quarter valued at approximately $337,000. 44.15% of the stock is owned by hedge funds and other institutional investors.
Shares of ANCX stock opened at $23.61 on Friday. The firm has a market capitalization of $497.46 million, a PE ratio of 13.41 and a beta of 1.01. Access National Co. has a twelve month low of $20.34 and a twelve month high of $30.40. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.10.
Access National (NASDAQ:ANCX) last released its quarterly earnings results on Monday, January 28th. The financial services provider reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.04). The business had revenue of $30.80 million during the quarter, compared to analyst estimates of $31.66 million. Access National had a return on equity of 8.49% and a net margin of 24.62%. On average, research analysts predict that Access National Co. will post 1.91 EPS for the current year.
Several research firms have recently issued reports on ANCX. ValuEngine lowered shares of Access National from a “hold” rating to a “sell” rating in a research report on Wednesday, January 30th. Maxim Group restated a “hold” rating on shares of Access National in a report on Monday, January 28th. BidaskClub cut shares of Access National from a “sell” rating to a “strong sell” rating in a research report on Friday, December 28th. Finally, Zacks Investment Research downgraded Access National from a “hold” rating to a “sell” rating in a report on Monday, December 31st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $31.00.
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About Access National
Access National Corporation operates as the bank holding company for Access National Bank that provides credit, deposit, mortgage, and wealth management services to small and medium sized businesses, professionals, and associated individuals primarily in the greater Washington, DC Metropolitan Area. The company operates through three segments: Commercial Banking, Mortgage Banking, and Wealth Management.
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