Access National Corporation (ANCX) is Reiterated by FBR Capital to Mkt Perform, Raises Price Target to $ 21

Access National Corporation (ANCX) was Reiterated by FBR Capital to “Mkt Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 21 from a previous price target of $19 . FBR Capital advised their investors in a research report released on Apr 18, 2016.

Many Wall Street Analysts have commented on Access National Corporation. FBR Capital Initiated Access National Corporation on Mar 31, 2016 to “Mkt Perform”, Price Target of the shares are set at $19.

Access National Corporation opened for trading at $20.1 and hit $20.8245 on the upside on Friday, eventually ending the session at $20.34, with a gain of 3.67% or 0.72 points. The heightened volatility saw the trading volume jump to 16,709 shares. Company has a market cap of $215 M.

In a different news, on Mar 9, 2016, Margaret M Taylor (Executive Vice President, CFO) purchased 79 shares at $18.78 per share price. According to the SEC, on Mar 9, 2016, Thomas M Kody (director) purchased 1,058 shares at $18.78 per share price. On Jun 25, 2015, John W Iv Edgemond (director) sold 344 shares at $21.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Access National Corporation is a bank holding company. The Company operates through its wholly owned 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. The Company operates in three segments: traditional commercial banking mortgage banking and wealth management. Commercial banking operating revenues consist of interest earned on loans and investment securities and fees from deposit services. Mortgage banking operating revenues consist of interest earned on mortgage loans held for sale gains on sales of loans in the secondary mortgage market and loan origination fee income. Wealth management operating revenues consist of transactional fees charged to clients as well as fees for portfolio asset management.

Access National Corporation

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