Anchor Bancorp (ANCB) Announces Earnings Results
Anchor Bancorp (NASDAQ:ANCB) announced its quarterly earnings results on Monday. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07, Yahoo Finance reports. Anchor Bancorp had a net margin of 9.58% and a return on equity of 3.63%.
Shares of Anchor Bancorp (ANCB) opened at 24.80 on Tuesday. The firm has a 50-day moving average of $24.94 and a 200-day moving average of $25.06. Anchor Bancorp has a one year low of $23.70 and a one year high of $27.50. The company has a market capitalization of $60.74 million, a P/E ratio of 25.57 and a beta of 0.81.
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A hedge fund recently raised its stake in Anchor Bancorp stock. Vanguard Group Inc. raised its stake in shares of Anchor Bancorp (NASDAQ:ANCB) by 76.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,019 shares of the financial services provider’s stock after purchasing an additional 25,948 shares during the period. Vanguard Group Inc. owned 2.40% of Anchor Bancorp worth $1,515,000 at the end of the most recent quarter. 42.45% of the stock is owned by institutional investors and hedge funds.
About Anchor Bancorp
Anchor Bancorp is the bank holding company of Anchor Bank (the Bank). The Bank is a community-based savings bank. As of June 30, 2016, the Bank primarily served Western Washington through its 10 full-service banking offices (including a Wal-Mart in-store location) located within Grays Harbor, Thurston, Lewis, Pierce and Mason counties, and a loan production office located in King County, Washington.
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