Atlantic Coast Financial Corp. (ACFC) Trading Up 2.2%
Shares of Atlantic Coast Financial Corp. (NASDAQ:ACFC) were up 2.2% during trading on Thursday . The stock traded as high as $6.37 and last traded at $6.37, with a volume of 76,404 shares changing hands. The stock had previously closed at $6.23.
Several analysts have recently commented on ACFC shares. Zacks Investment Research cut shares of Atlantic Coast Financial Corp. from a “hold” rating to a “sell” rating in a research note on Friday, July 29th. FBR & Co increased their price target on shares of Atlantic Coast Financial Corp. from $7.50 to $8.00 and gave the company an “outperform” rating in a research note on Tuesday.
The company has a market cap of $100.04 million and a price-to-earnings ratio of 21.89. The company’s 50 day moving average is $6.06 and its 200-day moving average is $6.05.
Atlantic Coast Financial Corp. (NASDAQ:ACFC) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. Equities analysts anticipate that Atlantic Coast Financial Corp. will post $0.35 EPS 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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