Atlantic Coast Financial Corp. (ACFC) Trading 2.5% Higher
Atlantic Coast Financial Corp. (NASDAQ:ACFC) traded up 2.5% during trading on Thursday . The stock traded as high as $6.19 and last traded at $6.15, with a volume of 144,944 shares. The stock had previously closed at $6.00.
Separately, Zacks Investment Research cut shares of Atlantic Coast Financial Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, April 27th.
The stock has a market cap of $95.44 million and a P/E ratio of 20.91. The firm has a 50-day moving average of $6.02 and a 200-day moving average of $6.02.
Atlantic Coast Financial Corp. (NASDAQ:ACFC) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.08 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. Equities research analysts predict that Atlantic Coast Financial Corp. will post $0.34 earnings per share for the current fiscal year.
Atlantic Coast Financial Corporation is a thrift holding company. The Company’s principal subsidiary is Atlantic Coast Bank (the Bank), a federally chartered thrift. The Bank provides banking services to individual and business customers primarily in Northeast Florida and Southeast Georgia. The Bank’s primary deposit products are checking, savings and certificates of deposit, and its primary lending products are residential mortgage, home equity, consumer loans, and commercial loans.
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