Somewhat Favorable News Coverage Somewhat Unlikely to Impact Atlantic Coast Financial (ACFC) Share Price
News articles about Atlantic Coast Financial (NASDAQ:ACFC) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Atlantic Coast Financial earned a news impact score of 0.10 on Accern’s scale. Accern also gave headlines about the bank an impact score of 45.5747088860481 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
ACFC has been the topic of a number of recent analyst reports. ValuEngine lowered Atlantic Coast Financial from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research lowered Atlantic Coast Financial from a “hold” rating to a “sell” rating in a research note on Friday, September 22nd. Finally, FBR & Co reissued a “hold” rating and set a $8.50 price target on shares of Atlantic Coast Financial in a research note on Monday, October 30th.
Shares of Atlantic Coast Financial (ACFC) traded up $0.09 during trading on Wednesday, hitting $9.52. The company’s stock had a trading volume of 48,100 shares, compared to its average volume of 30,450. Atlantic Coast Financial has a one year low of $6.76 and a one year high of $9.95. The stock has a market cap of $146.67, a price-to-earnings ratio of 25.05 and a beta of 1.09. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.65.
Atlantic Coast Financial (NASDAQ:ACFC) last issued its quarterly earnings results on Tuesday, October 24th. The bank reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). Atlantic Coast Financial had a return on equity of 6.19% and a net margin of 13.98%. The business had revenue of $7.99 million for the quarter, compared to analysts’ expectations of $9.26 million. analysts forecast that Atlantic Coast Financial will post 0.31 EPS for the current fiscal year.
About Atlantic Coast Financial
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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