Emerald Mutual Fund Advisers Trust maintained its position in shares of Access National Corporation (NASDAQ:ANCX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,280 shares of the financial services provider’s stock at the end of the second quarter. Emerald Mutual Fund Advisers Trust owned 0.27% of Access National Corporation worth $1,466,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of ANCX. Russell Investments Group Ltd. raised its stake in shares of Access National Corporation by 160.9% in the second quarter. Russell Investments Group Ltd. now owns 10,980 shares of the financial services provider’s stock worth $291,000 after buying an additional 6,772 shares during the last quarter. RE Advisers Corp purchased a new stake in shares of Access National Corporation during the second quarter worth approximately $2,449,000. Goldman Sachs Group Inc. raised its stake in shares of Access National Corporation by 39.0% in the first quarter. Goldman Sachs Group Inc. now owns 16,475 shares of the financial services provider’s stock worth $495,000 after buying an additional 4,621 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Access National Corporation by 85.5% in the first quarter. Geode Capital Management LLC now owns 105,968 shares of the financial services provider’s stock worth $3,181,000 after buying an additional 48,833 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Access National Corporation 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 buying an additional 38,803 shares during the last quarter. 23.60% of the stock is owned by hedge funds and other institutional investors.
Access National Corporation (NASDAQ:ANCX) opened at 24.70 on Friday. The company has a market cap of $503.66 million, a PE ratio of 23.39 and a beta of 0.95. Access National Corporation has a 12-month low of $21.18 and a 12-month high of $33.18. The stock has a 50 day moving average of $26.35 and a 200 day moving average of $27.48.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Monday, August 14th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.43%. The ex-dividend date is Thursday, August 10th. Access National Corporation’s payout ratio is 59.41%.
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Separately, Zacks Investment Research upgraded Access National Corporation from a “sell” rating to a “hold” rating in a research note on Monday, June 26th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $29.14.
About Access National Corporation
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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