Anchor Bancorp (ANCB) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS

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Anchor Bancorp (NASDAQ:ANCB) issued its earnings results on Monday. The financial services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03, MarketWatch Earnings reports. The company had revenue of $5.87 million during the quarter. Anchor Bancorp had a net margin of 9.07% and a return on equity of 7.29%.

Shares of Anchor Bancorp stock opened at $25.35 on Wednesday. The firm has a market cap of $62.97 million, a price-to-earnings ratio of 13.00 and a beta of 0.69. Anchor Bancorp has a 52 week low of $24.00 and a 52 week high of $30.05. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.13 and a quick ratio of 1.13.

Separately, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $31.00 target price on shares of Anchor Bancorp in a research report on Monday, July 30th.

Anchor Bancorp Company Profile

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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Earnings History for Anchor Bancorp (NASDAQ:ANCB)

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