Atlantic Coast Financial Corp. (NASDAQ:ACFC) rose 2.2% during mid-day trading on Thursday . The stock traded as high as $6.37 and last traded at $6.37, with a volume of 76,404 shares traded. The stock had previously closed at $6.23.

ACFC has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Atlantic Coast Financial Corp. from a “sell” rating to a “hold” rating and set a $7.25 price objective for the company in a research report on Monday. FBR & Co lifted their price objective on shares of Atlantic Coast Financial Corp. from $7.50 to $8.00 and gave the stock an “outperform” rating in a research report on Tuesday.

The company has a market cap of $98.50 million and a PE ratio of 21.55. The company has a 50 day moving average of $6.04 and a 200 day moving average of $6.04.

Atlantic Coast Financial Corp. (NASDAQ:ACFC) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. Equities research analysts predict that Atlantic Coast Financial Corp. will post $0.35 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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