Stock Worth Mentioning: Could Access National Corporation See a Reversal After Breaking All Highs?

Stock Worth Mentioning: Could Access National Corporation See a Reversal After Breaking All Highs?

The stock of Access National Corporation (NASDAQ:ANCX) reached all time high today, Oct, 10 and still has $34.23 target or 40.00% above today’s $24.45 share price. This indicates more upside for the $258.88 million company. This technical setup was reported by If the $34.23 PT is reached, the company will be worth $103.55 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 20,642 shares traded hands. Access National Corporation (NASDAQ:ANCX) has risen 26.43% since March 7, 2016 and is uptrending. It has outperformed by 18.84% the S&P500.

Analysts await Access National Corporation (NASDAQ:ANCX) to report earnings on October, 21. They expect $0.39 earnings per share, up 5.41% or $0.02 from last year’s $0.37 per share. ANCX’s profit will be $4.13 million for 15.67 P/E if the $0.39 EPS becomes a reality. After $0.46 actual earnings per share reported by Access National Corporation for the previous quarter, Wall Street now forecasts -15.22% negative EPS growth.

Access National Corporation (NASDAQ:ANCX) Ratings Coverage

Out of 4 analysts covering Access National (NASDAQ:ANCX), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Access National has been the topic of 6 analyst reports since July 20, 2015 according to StockzIntelligence Inc. The stock of Access National Corporation (NASDAQ:ANCX) earned “Market Perform” rating by FBR Capital on Thursday, March 31. Raymond James upgraded the stock to “Market Perform” rating in Tuesday, August 25 report. On Tuesday, August 25 the stock rating was initiated by Maxim Group with “Buy”. The stock has “Market Perform” rating given by Raymond James on Monday, July 18.

According to Zacks Investment Research, “Access National Corporation serves as the holding company for Access National Bank and its subsidiaries, Access National Mortgage Corporation and Access National Leasing Corporation.”

Insitutional Activity: The institutional sentiment increased to 1.63 in Q2 2016. Its up 0.63, from 1 in 2016Q1. The ratio is positive, as 3 funds sold all Access National Corporation shares owned while 13 reduced positions. 4 funds bought stakes while 22 increased positions. They now own 2.52 million shares or 0.93% more from 2.49 million shares in 2016Q1.
Lsv Asset Management last reported 40,200 shares in the company. Davenport & Company Ltd has invested 0% of its portfolio in Access National Corporation (NASDAQ:ANCX). Motley Fool Asset Management Limited Co last reported 90,529 shares in the company. Gru Inc Inc holds 4,699 shares or 0% of its portfolio. Maltese Ltd Llc holds 0.17% or 70,000 shares in its portfolio. Dimensional Fund Advsrs Limited Partnership accumulated 270,705 shares or 0% of the stock. Moreover, Blackrock Institutional Tru Na has 0% invested in Access National Corporation (NASDAQ:ANCX) for 76,411 shares. Chicago Equity Prtnrs Limited Liability Company, a Illinois-based fund reported 24,191 shares. California State Teachers Retirement Systems, a California-based fund reported 17,118 shares. The Massachusetts-based Geode Mgmt Ltd has invested 0% in Access National Corporation (NASDAQ:ANCX). Ubs Asset Management Americas Inc accumulated 30,448 shares or 0% of the stock. Ativo Cap Mgmt Limited Liability Corp holds 0.21% of its portfolio in Access National Corporation (NASDAQ:ANCX) for 44,808 shares. Blackrock Advsrs Lc last reported 0% of its portfolio in the stock. First Manhattan has 125,267 shares for 0.02% of their US portfolio. Bnp Paribas Arbitrage owns 319 shares or 0% of their US portfolio.

Insider Transactions: Since June 8, 2016, the stock had 8 insider buys, and 0 sales for $159,897 net activity. 71 Access National Corporation (NASDAQ:ANCX) shares with value of $1,496 were bought by Taylor Margaret M. On Wednesday, June 8 Kody Thomas M bought $19,994 worth of the stock or 972 shares. Moore Mark D. also bought $71,229 worth of Access National Corporation (NASDAQ:ANCX) on Monday, July 25.

Another recent and important Access National Corporation (NASDAQ:ANCX) news was published by which published an article titled: “Access National Corporation (ANCX) Ex-Dividend Date Scheduled for February 03 …” on February 02, 2016.

ANCX Company Profile

Access National Corporation, incorporated on May 12, 2003, is a bank holding company. The Firm operates through its subsidiary, Access National Bank (the Bank). The Bank provides credit, deposit, mortgage services and wealth management services to middle market commercial businesses and associated professionals, primarily in the Washington, District of Columbia Metropolitan Area. 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. The Firm operates through three divisions: traditional commercial banking, mortgage banking and wealth management. The Company’s commercial banking segment includes loans, investment securities and deposit services. The Company’s mortgage banking segment includes mortgage loans held for sale, sales of loans in the secondary mortgage market and loan origination. The Company’s wealth management segment includes portfolio asset management. The commercial banking segment provides the mortgage banking segment with the short-term funds needed to originate mortgage loans through a warehouse line of credit and charges interest to the mortgage banking segment based on a premium over their cost to borrow funds.

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