Keefe Bruyette & Woods Maintains Anchor Bancorp to Market Perform with Price Target $25.00

Brokerage firm Keefe Bruyette & Woods Maintains its rating on Anchor Bancorp(NASDAQ:ANCB). In a research note issued to the investors, the brokerage major Raises the price-target to $25.00 per share. The shares have been rated Market Perform. The rating by Keefe Bruyette & Woods was issued on Jul 28, 2016.

Anchor Bancorp (ANCB) shares turned negative on Thursdays trading session with the shares closing down -0.11 points or -0.42% at a volume of 1,434. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $26.1. The peak price level was also seen at $26.1 while the days lowest was $25.99. Finally the shares closed at $25.99. The 52-week high of the shares is $26.94 while the 52-week low is $20.6. According to the latest information available, the market cap of the company is $64 M.

Anchor Bancorp(ANCB) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $4.99M. Analysts had an estimated revenue of $5.00M. Earnings per share were $0.14. Analysts had estimated an EPS of $0.11.

Several Insider Transactions has been reported to the SEC. On Feb 29, 2016, Gary P Koch (Executive VP and CLO) purchased 725 shares at $22.70 per share price.Also, On Aug 20, 2015, Matthew F Moran (Interim CCO of Anchor Bank) purchased 2,753 shares at $22.30 per share price.

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. The Bank offers a range of loan products to meet the demands of its customers. The principal lending activity has consisted of the origination of loans secured by first mortgages on owner-occupied one-to-four family residences and loans for the construction of one-to-four family residences. The mortgage-backed securities in its investment portfolio were comprised of Freddie Mac Fannie Mae and Ginnie Mae mortgage-backed securities.

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