Wedbush Securities Inc. Decreases Position in Anchor Bancorp (ANCB)

Wedbush Securities Inc. cut its holdings in shares of Anchor Bancorp (NASDAQ:ANCB) by 12.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,800 shares of the financial services provider’s stock after selling 2,300 shares during the period. Wedbush Securities Inc. owned about 0.65% of Anchor Bancorp worth $391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of ANCB. Renaissance Technologies LLC lifted its position in Anchor Bancorp by 8.1% during the first quarter. Renaissance Technologies LLC now owns 23,400 shares of the financial services provider’s stock valued at $607,000 after purchasing an additional 1,748 shares during the period. Vanguard Group Inc. lifted its position in Anchor Bancorp by 76.2% during the second quarter. Vanguard Group Inc. now owns 60,019 shares of the financial services provider’s stock valued at $1,515,000 after purchasing an additional 25,948 shares during the period. Stilwell Value LLC lifted its position in Anchor Bancorp by 2,405.0% during the second quarter. Stilwell Value LLC now owns 5,923,473 shares of the financial services provider’s stock valued at $5,923,000 after purchasing an additional 5,687,007 shares during the period. Finally, Context BH Capital Management LP lifted its position in Anchor Bancorp by 123.2% during the second quarter. Context BH Capital Management LP now owns 248,772 shares of the financial services provider’s stock valued at $6,232,000 after purchasing an additional 137,309 shares during the period. Institutional investors own 42.53% of the company’s stock.

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Anchor Bancorp (NASDAQ ANCB) opened at $24.90 on Monday. The stock has a market cap of $62.12, a price-to-earnings ratio of 21.47 and a beta of 0.89. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.69. Anchor Bancorp has a 1 year low of $23.70 and a 1 year high of $27.50.

Anchor Bancorp (NASDAQ:ANCB) last announced its earnings results on Monday, October 30th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. The firm had revenue of $5.52 million during the quarter. Anchor Bancorp had a return on equity of 4.34% and a net margin of 11.28%.

Anchor Bancorp Profile

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.

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Institutional Ownership by Quarter for Anchor Bancorp (NASDAQ:ANCB)

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