Atlantic Coast Financial (ACFC) Receiving Somewhat Positive Media Coverage, Study Shows

News stories about Atlantic Coast Financial (NASDAQ:ACFC) have been trending somewhat positive on Tuesday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Atlantic Coast Financial earned a daily sentiment score of 0.03 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 46.3888533271866 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Several brokerages have recently commented on ACFC. ValuEngine lowered shares of Atlantic Coast Financial from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research upgraded shares of Atlantic Coast Financial from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. Finally, FBR & Co reiterated a “hold” rating and issued a $8.50 target price on shares of Atlantic Coast Financial in a research note on Monday, October 30th.

Shares of Atlantic Coast Financial (NASDAQ:ACFC) traded down $0.03 during trading on Tuesday, reaching $9.54. 62,811 shares of the company’s stock were exchanged, compared to its average volume of 47,109. 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 has a 12-month low of $6.63 and a 12-month high of $9.95. The company has a market cap of $149.63, a P/E ratio of 26.72 and a beta of 1.09.

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

TRADEMARK VIOLATION WARNING: This report was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this report can be viewed at https://www.dispatchtribunal.com/2017/12/05/atlantic-coast-financial-corporation-acfc-earning-somewhat-favorable-press-coverage-study-shows.html.

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.

Insider Buying and Selling by Quarter for Atlantic Coast Financial (NASDAQ:ACFC)

Receive News & Ratings for Atlantic Coast Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlantic Coast Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply