Atlantic Coast Financial Corp. (ACFC) Reaches New 52-Week High at $6.65
Atlantic Coast Financial Corp. (NASDAQ:ACFC)’s share price reached 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 traded. The stock had previously closed at $6.48.
Several research firms have commented on ACFC. FBR & Co boosted their price target on shares of Atlantic Coast Financial Corp. from $7.50 to $8.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 23rd. Zacks Investment Research upgraded shares of Atlantic Coast Financial Corp. from a “sell” rating to a “hold” rating and set a $7.25 price target for the company in a research note on Monday, August 22nd.
The company has a 50-day moving average of $6.06 and a 200-day moving average of $6.05. The firm has a market capitalization of $102.51 million and a price-to-earnings ratio of 22.43.
Atlantic Coast Financial Corp. (NASDAQ:ACFC) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. Analysts forecast 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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