Anchor Bancorp (ANCB) Hits New 12-Month High at $26.40

Anchor Bancorp (NASDAQ:ANCB)’s share price hit a new 52-week high on Monday . The company traded as high as $26.40 and last traded at $26.40, with a volume of 600 shares traded. The stock had previously closed at $26.25.

The stock has a market capitalization of $65.58 million, a price-to-earnings ratio of 16.00 and a beta of 0.71. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.69.

Anchor Bancorp (NASDAQ:ANCB) last released its quarterly earnings results on Monday, April 30th. The financial services provider reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.13. The firm had revenue of $5.53 million during the quarter. Anchor Bancorp had a net margin of 6.43% and a return on equity of 6.19%.

A hedge fund recently raised its stake in Anchor Bancorp stock. BlackRock Inc. lifted its stake in shares of Anchor Bancorp (NASDAQ:ANCB) by 59.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,948 shares of the financial services provider’s stock after acquiring an additional 2,956 shares during the quarter. BlackRock Inc. owned approximately 0.32% of Anchor Bancorp worth $197,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 45.50% of the company’s stock.

About Anchor Bancorp

Anchor Bancorp operates as the bank holding company for Anchor Bank that provides various banking products and services in Western Washington. The company accepts deposit products, such as checking, money market deposit, and savings accounts, as well as certificates of deposit. It offers one-to-four family loans, home equity loans and lines of credit, commercial and multi-family real estate loans, commercial business loans, construction and land loans, unsecured consumer loans, and automobile loans; and other cash management services.

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