Last $16.47 USD
Change Today +0.05 / 0.30%
Volume 8.3K
ANCX On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 10/17/14 All times are local (Market data is delayed by at least 15 minutes).

access national corp (ANCX) Snapshot

Open
$16.48
Previous Close
$16.42
Day High
$16.50
Day Low
$16.45
52 Week High
03/13/14 - $17.62
52 Week Low
11/7/13 - $13.19
Market Cap
172.0M
Average Volume 10 Days
9.0K
EPS TTM
$1.30
Shares Outstanding
10.4M
EX-Date
10/30/14
P/E TM
12.7x
Dividend
$0.56
Dividend Yield
7.10%
Current Stock Chart for ACCESS NATIONAL CORP (ANCX)

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access national corp (ANCX) Details

Access National Corporation operates as a bank holding company for Access National Bank that provides credit, deposit, mortgage, and wealth management services to small and medium sized businesses, professionals, and associated individuals primarily in the greater Washington, D.C. Metropolitan Area. It offers checking accounts, savings accounts, money market accounts, noninterest-bearing demand deposits, savings and interest-bearing deposits, time deposits, sweep accounts, zero balance accounts, and certificates of deposit; and loan products, including commercial real estate loans, residential real estate loans, commercial loans, commercial and real estate construction loans, home equity loans, and consumer loans. The company also offers various cash management services, including online banking, overnight investments, business debit cards, lockbox payment processing, payroll services, and employer sponsored retirement plans; and investment management, financial planning, and retirement account services. In addition, it provides accounts receivable lines of credit and collection; growth capital term loans; partner buyout funding; business acquisition, franchise, and equipment financing; debt re-financing; SBA preferred lender loans. Further, the company, through its subsidiary, Access National Capital Trust II, is involved in issuing redeemable trust preferred securities. It operates from five banking centers located in Chantilly, Tysons, Reston, Leesburg, and Manassas, Virginia. The company was founded in 1999 and is headquartered in Reston, Virginia.

215 Employees
Last Reported Date: 03/14/14
Founded in 1999

access national corp (ANCX) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $545.8K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $273.2K
President of Access National Mortgage Divisio...
Total Annual Compensation: $341.3K
Chief Lending Officer, Executive Vice Preside...
Total Annual Compensation: $400.7K
Compensation as of Fiscal Year 2013.

access national corp (ANCX) Key Developments

Access National Corporation Declares Dividend for the Third Quarter Ended September 30, 2014, Payable on November 25, 2014; Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Access National Corporation announced that the Board of Directors declared a cash dividend for the third quarter ended September 30, 2014 of $0.14 per share for holders of record as of November 03, 2014 and payable on November 25, 2014. The company announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company's total interest income was $9.92 million compared with $8.74 million a year ago. Net interest income was $9.1 million compared with $7.9 million a year ago. Income before income tax was $7.6 million compared with $3.9 million a year ago. Third quarter 2014 pretax earnings were impacted by two nonrecurring items, one being a $3.25 million release in the mortgage segment's loan loss reserve while the other was a $707 thousand impairment recorded in connection with land held by Access Real Estate (ARE). Net income was $4.93 million or $0.47 per diluted share compared with $2.81 million or $0.27 per diluted share a year ago. Return on average assets (annualized) was 1.98% and return on average equity (annualized) was 20.37%. For the nine months, the company's total interest income was $28.36 million compared with $26.98 million a year ago. Net interest income was $25.9 million compared with $24.1 million a year ago. Income before income tax was $16.1 million compared with $15.5 million a year ago. Net income was $10.4 million or $0.99 per diluted share compared with $10.0 million or $0.96 per diluted share a year ago. Return on average assets (annualized) was 1.48% compared with 1.56% a year ago. Return on average equity (annualized) was 14.65% compared with 14.22% a year ago. As on September 30, 2014, the company's book value per common share was $9.55.

Access National Corporation Declares Dividend, Payable on August 25, 2014

The board of directors of Access National Corporation declared a cash dividend of $0.13 per share for holders of record as of August 4, 2014 and payable on August 25, 2014.

Access National Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Access National Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total interest income of $9.502 million, net interest income of $8.663 million, income before income tax of $4.761 million, net income of $3.064 million or $0.29 per basic and diluted share. Return on annualized average assets was 1.30%. Return on annualized average equity was 12.93%. For the six months, the company reported total interest income of $18.447 million compared to $18.242 million a year ago. Net interest income was $16.804 million compared to $16.141 million a year ago. Income before income tax was $8.501 million compared to $11.595 million a year ago. Net income was $5.478 million or $0.52 per basic and diluted share compared to $7.208 million or $0.69 per diluted share a year ago. Return on annualized average assets was 1.20% compared to 1.66% a year ago. Return on annualized average equity was 11.69% compared to 15.41% a year ago. Book value per common share increased from $8.79 at December 31, 2013 to $9.22 at June 30, 2014.

 

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Price/Sales 3.4x
Price/Book 1.8x
Price/Cash Flow 15.0x
TEV/Sales 0.4x
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