Anchor Bancorp (NASDAQ:ANCB) posted its quarterly earnings results on Tuesday. The financial services provider reported $0.24 earnings per share for the quarter. Anchor Bancorp had a return on equity of 0.78% and a net margin of 2.28%.
Shares of Anchor Bancorp (NASDAQ:ANCB) traded down 0.23% on Tuesday, reaching $25.00. The company’s stock had a trading volume of 400 shares. Anchor Bancorp has a 12-month low of $22.38 and a 12-month high of $26.94. The company has a market capitalization of $61.33 million, a price-to-earnings ratio of 125.00 and a beta of 0.58. The company’s 50-day moving average is $25.32 and its 200 day moving average is $24.83.
Separately, Keefe, Bruyette & Woods increased their price target on Anchor Bancorp from $24.00 to $25.00 and gave the stock a “market perform” rating in a research note on Thursday, July 28th.
An institutional investor recently raised its position in Anchor Bancorp stock. Vanguard Group Inc. boosted its position in shares of Anchor Bancorp (NASDAQ:ANCB) by 18.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund 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 reporting period. 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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