Access National (ANCX) Posts Quarterly Earnings Results

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Access National (NASDAQ:ANCX) issued its quarterly earnings data on Friday, October 26th. The financial services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.04, Fidelity Earnings reports. Access National had a return on equity of 8.19% and a net margin of 20.79%. The company had revenue of $31.51 million during the quarter, compared to analyst estimates of $31.23 million.

Shares of NASDAQ ANCX opened at $26.27 on Friday. Access National has a 12-month low of $23.95 and a 12-month high of $30.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.88 and a current ratio of 0.90. The firm has a market capitalization of $549.91 million, a PE ratio of 15.45 and a beta of 0.66.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 23rd. Stockholders of record on Thursday, November 8th will be paid a $0.17 dividend. This is a boost from Access National’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Wednesday, November 7th. Access National’s dividend payout ratio (DPR) is presently 42.24%.

A number of research firms have commented on ANCX. Maxim Group restated a “buy” rating and set a $31.00 price target (down from $33.00) on shares of Access National in a research note on Monday, July 30th. BidaskClub cut Access National from a “hold” rating to a “sell” rating in a research note on Friday, August 17th. Zacks Investment Research upgraded Access National from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Monday, October 29th. Finally, Stephens restated a “buy” rating and set a $31.00 price target on shares of Access National in a research note on Tuesday, July 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $30.80.

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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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Earnings History for Access National (NASDAQ:ANCX)

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