Janus Henderson Group PLC raised its stake in shares of Access National Co. (NASDAQ:ANCX) by 6.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 926,679 shares of the financial services provider’s stock after purchasing an additional 55,409 shares during the period. Janus Henderson Group PLC owned 4.53% of Access National worth $26,559,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Access National by 17.8% in the first quarter. Vanguard Group Inc. now owns 256,574 shares of the financial services provider’s stock valued at $7,702,000 after acquiring an additional 38,803 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Access National by 160.9% in the second quarter. Russell Investments Group Ltd. now owns 10,980 shares of the financial services provider’s stock valued at $291,000 after acquiring an additional 6,772 shares during the period. Context BH Capital Management LP bought a new stake in shares of Access National in the second quarter valued at approximately $1,055,000. Suntrust Banks Inc. bought a new stake in shares of Access National in the second quarter valued at approximately $903,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Access National in the second quarter valued at approximately $494,000. Institutional investors own 37.49% of the company’s stock.
Several equities research analysts have recently weighed in on the company. BidaskClub cut Access National from a “hold” rating to a “sell” rating in a research report on Saturday, December 9th. Stephens assumed coverage on Access National in a research report on Thursday, November 16th. They issued an “overweight” rating and a $31.00 price objective for the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $30.00 price objective on shares of Access National in a research report on Sunday, November 5th. Maxim Group reissued a “buy” rating and issued a $33.00 price objective (up from $32.00) on shares of Access National in a research report on Monday, October 30th. Finally, Zacks Investment Research raised Access National from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $31.43.
Access National Co. (ANCX) opened at $28.93 on Friday. The company has a market capitalization of $597.22, a price-to-earnings ratio of 21.47 and a beta of 0.98. Access National Co. has a 12-month low of $24.36 and a 12-month high of $33.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.90 and a quick ratio of 0.89.
The company also recently announced a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Thursday, November 9th were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $0.60 annualized dividend and a yield of 2.07%. Access National’s dividend payout ratio (DPR) is currently 63.83%.
Access National 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.
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