Maxim Group analyst Michael Diana maintained a Hold rating on Access National Corp (NASDAQ: ANCX) today. The company’s shares opened today at $25.29.
Diana observed:
“ANCX reported a strong 3Q18, in our view, with annualized growth of 22% in loans and 25% in deposits (excluding brokered deposits) and a stable net interest margin (NIM).”
According to TipRanks.com, Diana is a 4-star analyst with an average return of 3.2% and a 53.7% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Manhattan Bridge Capital Inc, and Arlington Asset Investment.
Access National Corp has an analyst consensus of Moderate Buy, with a price target consensus of $32.
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Access National Corp’s market cap is currently $528.7M and has a P/E ratio of 17.67. The company has a Price to Book ratio of 1.20.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ANCX in relation to earlier this year.
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Access National Corp. is a bank holding company, which engages in the provision of commercial banking, mortgage origination, credit, deposit and equipment leasing services. It operates through the following segments: Traditional Commercial Banking, Mortgage Banking Business, and Wealth Management Business.
