News stories about Access National (NASDAQ:ANCX) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Access National earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.2849564952887 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Access National traded up $0.09, hitting $27.81, on Friday, according to Marketbeat. 26,014 shares of the company were exchanged, compared to its average volume of 52,126. Access National has a twelve month low of $24.36 and a twelve month high of $30.99. The stock has a market capitalization of $573.84 million, a price-to-earnings ratio of 17.27 and a beta of 0.74. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.90 and a quick ratio of 0.88.
Access National (NASDAQ:ANCX) last released its earnings results on Thursday, July 26th. The financial services provider reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.01). Access National had a return on equity of 8.11% and a net margin of 19.04%. The company had revenue of $32.11 million for the quarter, compared to analyst estimates of $32.20 million. research analysts anticipate that Access National will post 1.73 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 24th. Investors of record on Thursday, August 9th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.30%. This is a boost from Access National’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, August 8th. Access National’s payout ratio is presently 39.75%.
Several equities research analysts recently issued reports on ANCX shares. BidaskClub downgraded Access National from a “buy” rating to a “hold” rating in a report on Wednesday, June 13th. Raymond James downgraded Access National from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 10th. Zacks Investment Research downgraded Access National from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Stephens reiterated a “buy” rating and issued a $31.00 price objective on shares of Access National in a report on Tuesday, July 31st. Finally, Maxim Group reiterated a “buy” rating and issued a $31.00 price objective (down previously from $33.00) on shares of Access National in a report on Monday, July 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $30.67.
In other Access National news, CEO Michael W. Clarke acquired 4,000 shares of the stock in a transaction dated Thursday, May 17th. The stock was acquired at an average cost of $27.61 per share, with a total value of $110,440.00. Following the transaction, the chief executive officer now owns 716,380 shares in the company, valued at approximately $19,779,251.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have bought 4,807 shares of company stock valued at $132,552. Insiders own 14.08% of the company’s stock.
Access National Company Profile
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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