Atlantic Coast Financial Corp. (ACFC) Stock Price Up 2.5%
Atlantic Coast Financial Corp. (NASDAQ:ACFC) rose 2.5% during mid-day trading on Thursday . The company traded as high as $6.19 and last traded at $6.15, with a volume of 144,944 shares trading hands. The stock had previously closed at $6.00.
Separately, Zacks Investment Research lowered Atlantic Coast Financial Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, April 27th.
The stock’s 50 day moving average price is $6.03 and its 200-day moving average price is $6.03. The company has a market cap of $94.67 million and a PE ratio of 20.74.
Atlantic Coast Financial Corp. (NASDAQ:ACFC) last issued its earnings results on Wednesday, July 27th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.08. On average, equities research analysts forecast that Atlantic Coast Financial Corp. will post $0.34 earnings per share 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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