Anchor Bancorp (NASDAQ:ANCB) has been given an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Brokerages have set a 12-month consensus target price of $25.00 for the company, according to Zacks. Zacks has also assigned Anchor Bancorp an industry rank of 112 out of 265 based on the ratings given to its competitors.
Separately, Keefe, Bruyette & Woods boosted their price target on shares of Anchor Bancorp from $24.00 to $25.00 and gave the company a “market perform” rating in a report on Thursday, July 28th.
A hedge fund recently raised its stake in Anchor Bancorp stock. Vanguard Group Inc. boosted its stake in Anchor Bancorp (NASDAQ:ANCB) by 18.3% during the second quarter, according to its most recent 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 approximately 1.07% of Anchor Bancorp worth $638,000 at the end of the most recent quarter. Institutional investors own 39.81% of the company’s stock.
Shares of Anchor Bancorp (NASDAQ:ANCB) opened at 25.40 on Thursday. The firm’s 50 day moving average is $25.43 and its 200-day moving average is $24.79. The company has a market capitalization of $62.31 million, a P/E ratio of 127.00 and a beta of 0.58. Anchor Bancorp has a 52-week low of $22.26 and a 52-week high of $26.94.
Anchor Bancorp (NASDAQ:ANCB) last announced its quarterly earnings results on Wednesday, July 27th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.03. Anchor Bancorp had a net margin of 2.28% and a return on equity of 0.78%. Equities research analysts anticipate that Anchor Bancorp will post $0.85 earnings per share for the current fiscal year.
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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