Atlantic Coast Financial Corp. (ACFC) Reaches New 52-Week High at $6.65
Shares of Atlantic Coast Financial Corp. (NASDAQ:ACFC) hit a new 52-week high during trading on Monday . The stock traded as high as $6.65 and last traded at $6.65, with a volume of 17,837 shares trading hands. The stock had previously closed at $6.48.
Several brokerages recently commented on ACFC. FBR & Co boosted their price target on Atlantic Coast Financial Corp. from $7.50 to $8.00 and gave the company an “outperform” rating in a research note on Tuesday, August 23rd. Zacks Investment Research raised Atlantic Coast Financial Corp. from a “sell” rating to a “hold” rating and set a $7.25 price target on the stock in a research note on Monday, August 22nd.
The firm has a market cap of $102.51 million and a P/E ratio of 22.43. The company has a 50-day moving average price of $6.09 and a 200-day moving average price of $6.07.
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. On average, equities research analysts expect that Atlantic Coast Financial Corp. will post $0.35 EPS for the current 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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