Access National Corporation (ANCX) was Downgraded by Raymond James to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Raymond James advised their investors in a research report released on Jul 18, 2016.
Access National Corporation opened for trading at $22.46 and hit $22.46 on the upside on Friday, eventually ending the session at $21.8, with a gain of 2.54% or 0.54 points. The heightened volatility saw the trading volume jump to 28,140 shares. Company has a market cap of $231 M.
In a different news, on Jun 30, 2016, Mark D. Moore (President (subsidiary) purchased 400 shares at $19.45 per share price. According to the SEC, on Jun 9, 2016, Margaret M Taylor (Executive Vice President, CFO) purchased 73 shares at $20.57 per share price. On Jun 9, 2016, Thomas M Kody (director) purchased 972 shares at $20.57 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.