Insider Trading Alert: Access National Corporation (NASDAQ:ANCX)

refugees-1020261_1920

Access National Corporation (NASDAQ:ANCX) insider have most recently took part in a trading activity. On Jun 28, 2016 Moore Mark D., Director (subsidiary) bought 400 shares having total worth of $7,780 at the price of $19.45 per share, following the transaction a total of 400 shares owned by Moore Mark D..

The stock has experienced a total of 2 insider trades in the past three months. These trades include 2 buy trades. Furthermore, over the past 12 months , the stock was traded 8 times by insiders. an employee of the company was the buyer in 8 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 2 0 5.01%
12 Month 8 0 11.24%

Shares of Access National Corporation (NASDAQ:ANCX) traded up 1.42% on Jun 29, 2016, hitting $19.3. 15,000 shares of the company’s stock traded hands. Access National Corporation has a 52 week low of $16.53 and a 52 week high of $22.65. The company’s market cap is $204 million.

Access National Corporation (NASDAQ:ANCX) last announced its earnings results on Apr 15, 2016. The company reported 0.39 earnings per share (EPS) for the quarter, higher than the consensus estimate of 0.33 by $0.06. The company had revenue of $11 million for the quarter, compared to the consensus estimate of $10 million. During the same quarter in the previous year, the company posted 0.34 earnings per share. The company’s revenue for the quarter was up 3% on a year-over-year basis.

2016-04-15 2016-01-21 2015-10-16 2015-07-17 2015-04-17 2015-01-21 2014-10-17 2014-08-14 2014-07-18 2014-01-21
earnings per share 0.39 0.37 0.37 0.38 0.34 0.34 0.32 0.23 0.29 0.31
Revenue(M) 10.55 10.2 10.1 10.79 10.28 15.65 9.92 8.14 0 0

Access National Corporation was organized in June 15, 2002 under the laws of Virginia to operate as a bank holding company for Access National Bank and Access National Capital Trust II. The Bank provides commercial credit, deposit and mortgage services to middle market businesses and associated professionals, mainly in the greater Washington, D.C. Metropolitan Area. Deposits with the Bank are insured to the maximum amount provided by the Federal Deposit Insurance Corporation. The Bank provides its customers with personal customized service utilizing the latest technology and delivery channels. The Company’s income is mainly derived from dividends received from the Bank. These dividends are determined by the Bank’s earnings and capital position. Access National Capital Trust II was formed for the purpose of issuing redeemable capital securities. The Bank operates from five banking centers located in Chantilly, Tysons Corner, Reston, Leesburg and Manassas, Virginia. The Bank’s lending activities involve commercial loans – represents approximately 14.9% of the Loan Portfolio held for Investment; Commercial real estate loans – represents approximately 45.3% of the loan portfolio held for investment; commercial and residential real estate construction loans – represents approximately 31% of the loan portfolio held for investment; residential mortgage loans. The Bank originates a total volume of approximately $68.4 million and consumer loans – represents approximately 0.3% of the loan portfolio held for investment; and Brokered Loans – approximately 4.4% of the loan portfolio held for sales. These lending activities provide access to credit to small to medium sized businesses, professionals and consumers in the greater Washington, D.C. Metropolitan Area.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.