Anchor Bancorp (ANCB) Announces Earnings Results
Anchor Bancorp (NASDAQ:ANCB) released its quarterly earnings results on Tuesday. The financial services provider reported $0.24 EPS for the quarter. Anchor Bancorp had a return on equity of 0.78% and a net margin of 2.28%.
Anchor Bancorp (NASDAQ:ANCB) traded down 0.23% during midday trading on Tuesday, reaching $25.00. The company’s stock had a trading volume of 400 shares. The stock has a 50 day moving average of $25.32 and a 200 day moving average of $24.83. The firm has a market capitalization of $61.33 million, a PE ratio of 125.00 and a beta of 0.58. Anchor Bancorp has a 52 week low of $22.38 and a 52 week high of $26.94.
Separately, Keefe, Bruyette & Woods boosted their price target on Anchor Bancorp from $24.00 to $25.00 and gave the stock a “market perform” rating in a research report on Thursday, July 28th.
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An institutional investor recently raised its position in Anchor Bancorp stock. Vanguard Group Inc. raised 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 firm 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 as of its most recent SEC filing. 39.81% of the stock is owned by hedge funds and other institutional investors.
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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