Anchor Bancorp (ANCB) Posts Quarterly Earnings Results
Anchor Bancorp (NASDAQ:ANCB) announced its quarterly earnings data on Tuesday. The financial services provider reported $0.24 earnings per share (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) opened at 25.00 on Wednesday. The firm’s 50-day moving average is $25.29 and its 200 day moving average is $24.83. The firm has a market capitalization of $61.33 million, a P/E 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.
A hedge fund recently raised its stake 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 Form 13F 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 at the end of the most recent quarter. 39.81% of the stock is owned by institutional investors.
Separately, Keefe, Bruyette & Woods increased their price objective on Anchor Bancorp from $24.00 to $25.00 and gave the stock a “market perform” rating in a report on Thursday, July 28th.
About Anchor Bancorp
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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