Anchor Bancorp (ANCB) Announces Earnings Results
Anchor Bancorp (NASDAQ:ANCB) posted its earnings results on Tuesday. The financial services provider reported $0.24 EPS for the quarter. Anchor Bancorp had a net margin of 2.28% and a return on equity of 0.78%.
Shares of Anchor Bancorp (NASDAQ:ANCB) traded down 0.23% during mid-day trading on Tuesday, hitting $25.00. 400 shares of the stock traded hands. Anchor Bancorp has a one year low of $22.38 and a one year high of $26.94. The company has a market cap of $61.33 million, a P/E ratio of 125.00 and a beta of 0.58. The stock has a 50 day moving average price of $25.32 and a 200-day moving average price of $24.83.
Separately, Keefe, Bruyette & Woods upped their target price on shares of Anchor Bancorp from $24.00 to $25.00 and gave the company a “market perform” rating in a research report on Thursday, July 28th.
An institutional investor recently raised its position in Anchor Bancorp stock. Vanguard Group Inc. boosted its stake in shares of Anchor Bancorp (NASDAQ:ANCB) by 18.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,994 shares of the financial services provider’s stock after buying an additional 4,167 shares during the period. Vanguard Group Inc. owned about 1.07% of Anchor Bancorp worth $638,000 at the end of the most recent quarter. 39.81% of the stock is owned by institutional investors and hedge funds.
Anchor Bancorp Company Profile
Anchor Bancorp is a bank holding company for Anchor Bank. The Bank business activities are limited to passive investment activities and oversight of its investment in Anchor Bank. Anchor Bank is a community-based savings bank primarily serving Western Washington through its 11 full-service banking offices located within Grays Harbor, Thurston, Lewis, Pierce and Mason counties, Washington.
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