Access National Corporation (ANCX) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in Access National Corporation (NASDAQ:ANCX) by 5.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,958 shares of the financial services provider’s stock after buying an additional 4,217 shares during the period. Bank of New York Mellon Corp owned 0.81% of Access National Corporation worth $2,611,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Nationwide Fund Advisors raised its stake in shares of Access National Corporation by 17.6% in the first quarter. Nationwide Fund Advisors now owns 5,384 shares of the financial services provider’s stock worth $162,000 after buying an additional 807 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Access National Corporation by 847.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,445 shares of the financial services provider’s stock worth $179,000 after buying an additional 5,765 shares during the last quarter. American Research & Management Co. raised its stake in shares of Access National Corporation by 13.6% in the first quarter. American Research & Management Co. now owns 7,499 shares of the financial services provider’s stock worth $225,000 after buying an additional 900 shares during the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of Access National Corporation during the fourth quarter worth about $228,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Access National Corporation during the fourth quarter worth about $298,000. 22.64% of the stock is currently owned by hedge funds and other institutional investors.

Access National Corporation (NASDAQ ANCX) opened at 26.51 on Monday. The firm has a market capitalization of $538.31 million, a price-to-earnings ratio of 19.10 and a beta of 0.96. Access National Corporation has a 1-year low of $21.02 and a 1-year high of $33.18. The stock has a 50 day moving average price of $27.85 and a 200 day moving average price of $27.90.

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A number of brokerages have issued reports on ANCX. Keefe, Bruyette & Woods set a $30.00 price target on Access National Corporation and gave the stock a “hold” rating in a research note on Tuesday, April 4th. Zacks Investment Research raised Access National Corporation from a “sell” rating to a “hold” rating in a research note on Monday, June 26th. Sandler O’Neill began coverage on Access National Corporation in a research note on Monday, April 17th. They issued a “hold” rating and a $30.00 price target on the stock. Finally, Merion Capital Group began coverage on Access National Corporation in a research note on Monday, March 27th. They issued a “neutral” rating and a $31.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Access National Corporation presently has a consensus rating of “Hold” and a consensus target price of $29.14.

In other news, Director Mark D. Moore bought 5,000 shares of the company’s stock in a transaction on Friday, April 28th. The shares were bought at an average cost of $28.43 per share, with a total value of $142,150.00. Following the transaction, the director now directly owns 6,964 shares in the company, valued at approximately $197,986.52. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark D. Moore bought 1,500 shares of the company’s stock in a transaction on Thursday, May 18th. The stock was purchased at an average cost of $28.05 per share, for a total transaction of $42,075.00. Following the completion of the transaction, the director now owns 11,964 shares in the company, valued at $335,590.20. The disclosure for this purchase can be found here. Insiders have purchased 7,987 shares of company stock worth $225,873 over the last three months. 24.31% of the stock is owned by insiders.

Access National Corporation Company 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.

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

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