Atlantic Coast Financial Corporation (NASDAQ:ACFC) has earned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Brokerages have set a 1-year consensus price target of $8.50 for the company and are anticipating that the company will post $0.08 earnings per share for the current quarter, according to Zacks. Zacks has also given Atlantic Coast Financial Corporation an industry rank of 222 out of 265 based on the ratings given to its competitors.

Several equities research analysts have weighed in on ACFC shares. Zacks Investment Research upgraded Atlantic Coast Financial Corporation from a “sell” rating to a “hold” rating in a report on Monday, October 9th. FBR & Co reiterated a “hold” rating and issued a $8.50 price objective on shares of Atlantic Coast Financial Corporation in a report on Monday, October 30th. Finally, ValuEngine upgraded Atlantic Coast Financial Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 22nd.

Shares of Atlantic Coast Financial Corporation (NASDAQ ACFC) traded down $0.05 during trading on Friday, hitting $8.61. The stock had a trading volume of 5,300 shares, compared to its average volume of 19,274. Atlantic Coast Financial Corporation has a twelve month low of $6.63 and a twelve month high of $9.10. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.65. The firm has a market cap of $134.70, a price-to-earnings ratio of 24.06 and a beta of 1.08.

Atlantic Coast Financial Corporation (NASDAQ:ACFC) last posted its earnings results on Tuesday, October 24th. The bank reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.02). Atlantic Coast Financial Corporation had a return on equity of 6.19% and a net margin of 13.98%. The firm had revenue of $7.99 million for the quarter, compared to analyst estimates of $9.26 million. research analysts expect that Atlantic Coast Financial Corporation will post 0.31 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the business. Northern Trust Corp lifted its position in Atlantic Coast Financial Corporation by 1.2% during the 2nd quarter. Northern Trust Corp now owns 17,437 shares of the bank’s stock worth $137,000 after acquiring an additional 212 shares during the period. State Street Corp acquired a new stake in Atlantic Coast Financial Corporation during the 2nd quarter worth approximately $351,000. Salem Investment Counselors Inc. lifted its position in Atlantic Coast Financial Corporation by 1,351.4% during the 2nd quarter. Salem Investment Counselors Inc. now owns 107,400 shares of the bank’s stock worth $842,000 after acquiring an additional 100,000 shares during the period. Dimensional Fund Advisors LP lifted its position in Atlantic Coast Financial Corporation by 6.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 114,978 shares of the bank’s stock worth $876,000 after acquiring an additional 7,155 shares during the period. Finally, Salzhauer Michael lifted its position in Atlantic Coast Financial Corporation by 48.2% during the 2nd quarter. Salzhauer Michael now owns 155,595 shares of the bank’s stock worth $1,220,000 after acquiring an additional 50,595 shares during the period. 51.99% of the stock is owned by institutional investors.

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About Atlantic Coast Financial Corporation

Atlantic Coast Financial Corporation is a thrift holding company. The Company, through its subsidiary, Atlantic Coast Bank (the Bank), a federally chartered and insured stock savings bank supervised by the Office of the Comptroller of the Currency (the OCC), serves the Northeast Florida, Central Florida and Southeast Georgia markets.

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