Access National Corp. (NASDAQ:ANCX), the parent company of Access National Bank, is a small cap that serves throughout the Washington D.C. area. While most regionals would be content with averaging close to a 15% return on equity throughout the last three years, ANCX is not, and has plans to re-focus its efforts in the Washington D.C. area by closing shop at its mortgage production branch in Denver (closed 4/30/13) and looking for small underperforming banks in its backyard to acquire and turnaround.
ANCX Return on Equity data by YCharts
In addition to refocusing on its primary market and looking for acquisitions, below I have outlined several fundamental trends that I believe set ANCX up in a position to...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|