GSA Capital Partners LLP Buys Shares of 12,751 Access National Co. (ANCX)

GSA Capital Partners LLP bought a new position in shares of Access National Co. (NASDAQ:ANCX) in the third quarter, HoldingsChannel reports. The firm bought 12,751 shares of the financial services provider’s stock, valued at approximately $365,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sandy Spring Bank bought a new stake in Access National during the 2nd quarter worth approximately $141,000. Royal Bank of Canada grew its stake in shares of Access National by 53.1% during the 2nd quarter. Royal Bank of Canada now owns 5,413 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 1,877 shares in the last quarter. Nationwide Fund Advisors grew its stake in shares of Access National by 53.9% during the 2nd quarter. Nationwide Fund Advisors now owns 8,288 shares of the financial services provider’s stock worth $220,000 after acquiring an additional 2,904 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Access National during the 2nd quarter worth approximately $236,000. Finally, Alliancebernstein L.P. bought a new position in shares of Access National during the 2nd quarter worth approximately $289,000. 37.49% of the stock is owned by institutional investors and hedge funds.

ANCX has been the subject of several research reports. Zacks Investment Research cut shares of Access National from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Maxim Group reaffirmed a “buy” rating and set a $33.00 price target (up from $32.00) on shares of Access National in a research note on Monday, October 30th. Sandler O’Neill set a $30.00 price target on shares of Access National and gave the stock a “hold” rating in a research note on Thursday. UBS Group raised shares of Access National from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 26th. Finally, Raymond James Financial raised shares of Access National from a “market perform” rating to an “outperform” rating and set a $31.00 price target for the company in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $31.00.

Access National Co. (NASDAQ ANCX) opened at $28.24 on Friday. The firm has a market cap of $584.13, a P/E ratio of 30.04 and a beta of 0.98. Access National Co. has a 52 week low of $24.36 and a 52 week high of $33.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.89 and a current ratio of 0.90.

In related news, insider Mark D. Moore acquired 3,972 shares of the business’s stock in a transaction dated Friday, November 24th. The stock was bought at an average price of $27.84 per share, with a total value of $110,580.48. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have bought a total of 4,744 shares of company stock valued at $132,073 over the last ninety days. Company insiders own 14.23% of the company’s stock.

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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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Institutional Ownership by Quarter for Access National (NASDAQ:ANCX)

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