Keefe, Bruyette & Woods Downgrades Anchor Bancorp (ANCB) to Market Perform; Valuation Call

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Keefe, Bruyette & Woods downgraded Anchor Bancorp (NASDAQ: ANCB) from Outperform to Market Perform with a price target of $10.00.

KBW analyst says, "Following a significant increase in the share price over the past six weeks, we are downgrading shares of ANCB. As we are making no changes to our fiscal 2012 and 2013 EPS estimates of $(1.35) and $(0.25), our one-year target price of $10 remains unchanged."

For an analyst ratings summary and ratings history on Anchor Bancorp click here. For more ratings news on Anchor Bancorp click here.

Shares of Anchor Bancorp closed at $9.25 yesterday, with a 52 week range of $3.95-$11.28.

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