Anchor Bancorp (ANCB) Posts Earnings Results, Beats Estimates By $0.07 EPS

Anchor Bancorp (NASDAQ:ANCB) posted its quarterly earnings data on Monday. The financial services provider reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.07, Yahoo Finance reports. Anchor Bancorp had a return on equity of 3.63% and a net margin of 9.58%.

Anchor Bancorp (NASDAQ ANCB) traded up 0.7560% during trading on Tuesday, hitting $24.9875. The company had a trading volume of 10,275 shares. Anchor Bancorp has a 1-year low of $23.70 and a 1-year high of $27.50. The company’s 50 day moving average price is $24.94 and its 200-day moving average price is $25.06. The stock has a market capitalization of $61.19 million, a price-to-earnings ratio of 25.7603 and a beta of 0.81.

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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 76.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,019 shares of the financial services provider’s stock after acquiring an additional 25,948 shares during the quarter. Vanguard Group Inc. owned 2.40% of Anchor Bancorp worth $1,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 42.45% of the stock is currently owned by institutional investors.

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.

Earnings History for Anchor Bancorp (NASDAQ:ANCB)

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