Stock Short Interest Filing: What’s in Access National Corporation (NASDAQ:ANCX) After Rise in Shorted Shares?

November 24, 2016 - By Peter Erickson   ·   0 Comments

Stock Short Interest Filing: What’s in Access National Corporation (NASDAQ:ANCX) After Rise in Shorted Shares?

The stock of Access National Corporation (NASDAQ:ANCX) registered an increase of 153.76% in short interest. ANCX’s total short interest was 563,100 shares in November as published by FINRA. Its up 153.76% from 221,900 shares, reported previously. With 86,800 shares average volume, it will take short sellers 7 days to cover their ANCX’s short positions. The short interest to Access National Corporation’s float is 7.76%. The stock closed at $27.95 during the last session. It is down 35.09% since April 22, 2016 and is uptrending. It has outperformed by 29.68% the S&P500.

Access National Corporation is a bank holding company. The company has a market cap of $304.51 million. The Firm operates through its subsidiary, Access National Bank . It has a 17.18 P/E ratio. The Bank provides credit, deposit, mortgage services and wealth management services to middle market commercial businesses and associated professionals, primarily in the Washington, District of Columbia Metropolitan Area.

Insitutional Activity: The institutional sentiment increased to 2.25 in 2016 Q2. Its up 0.62, from 1.63 in 2016Q1. The ratio is positive, as 3 funds sold all Access National Corporation shares owned while 13 reduced positions. 4 funds bought stakes while 22 increased positions. They now own 2.52 million shares or 0.93% more from 2.49 million shares in 2016Q1.
Wedge Capital Management L L P Nc accumulated 0% or 13,400 shares. The New York-based Blackrock Incorporated has invested 0% in Access National Corporation (NASDAQ:ANCX). Chicago Equity Prtn Limited Liability Company holds 0.01% of its portfolio in Access National Corporation (NASDAQ:ANCX) for 24,191 shares. Amer Research & Company holds 6,399 shares or 0.05% of its portfolio. National Bank & Trust Of New York Mellon holds 0% or 68,671 shares in its portfolio. Renaissance Techs Limited Co last reported 0.01% of its portfolio in the stock. Wells Fargo Mn, a California-based fund reported 178,207 shares. Maltese Cap Mgmt Limited Liability accumulated 70,000 shares or 0.17% of the stock. Gsa Prtn Llp accumulated 0.01% or 11,754 shares. California State Teachers Retirement System last reported 17,118 shares in the company. Teachers Inc reported 11,597 shares or 0% of all its holdings. Nationwide Fund Advisors holds 5,153 shares or 0% of its portfolio. Bridgeway Cap Management has invested 0.01% of its portfolio in Access National Corporation (NASDAQ:ANCX). Invesco Limited holds 0% or 43,769 shares in its portfolio. Ativo Capital Mgmt Limited Com owns 44,808 shares or 0.21% of their US portfolio.

Insider Transactions: Since June 8, 2016, the stock had 8 insider purchases, and 0 sales for $159,897 net activity. On Wednesday, August 24 the insider Kody Thomas M bought $19,995. 3,287 shares were bought by Moore Mark D., worth $71,229. 73 shares were bought by Taylor Margaret M, worth $1,502.

Access National Corporation (NASDAQ:ANCX) Ratings Coverage

Out of 4 analysts covering Access National (NASDAQ:ANCX), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Access National has been the topic of 8 analyst reports since July 20, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Maxim Group given on Tuesday, August 25. The stock of Access National Corporation (NASDAQ:ANCX) earned “Market Perform” rating by FBR Capital on Thursday, March 31. The rating was downgraded by Raymond James to “Market Perform” on Monday, July 18. The stock has “Buy” rating given by Maxim Group on Thursday, October 20. The stock of Access National Corporation (NASDAQ:ANCX) earned “Outperform” rating by FBR Capital on Tuesday, October 25. Raymond James upgraded the stock to “Market Perform” rating in Tuesday, August 25 report.

ANCX Company Profile

Access National Corporation, incorporated on May 12, 2003, is a bank holding company. The Firm operates through its subsidiary, Access National Bank (the Bank). The Bank provides credit, deposit, mortgage services and wealth management services to middle market commercial businesses and associated professionals, primarily in the Washington, District of Columbia Metropolitan Area. 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 Firm operates through three divisions: traditional commercial banking, mortgage banking and wealth management. The Company’s commercial banking segment includes loans, investment securities and deposit services. The Company’s mortgage banking segment includes mortgage loans held for sale, sales of loans in the secondary mortgage market and loan origination. The Company’s wealth management segment includes portfolio asset management. The commercial banking segment provides the mortgage banking segment with the short-term funds needed to originate mortgage loans through a warehouse line of credit and charges interest to the mortgage banking segment based on a premium over their cost to borrow funds.

Another recent and important Access National Corporation (NASDAQ:ANCX) news was published by Bizjournals.com which published an article titled: “Access National, Middleburg Financial announce merger” on October 24, 2016.

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By Peter Erickson


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