Media stories about Atlantic Coast Financial (NASDAQ:ACFC) have been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Atlantic Coast Financial earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 45.407988756388 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
A number of equities analysts recently issued reports on ACFC shares. ValuEngine upgraded shares of Atlantic Coast Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Zacks Investment Research lowered Atlantic Coast Financial from a “hold” rating to a “sell” rating in a research report on Friday, September 22nd. Finally, FBR & Co reissued a “hold” rating and issued a $8.50 target price on shares of Atlantic Coast Financial in a research report on Monday, October 30th.
Atlantic Coast Financial (NASDAQ:ACFC) opened at $9.14 on Friday. Atlantic Coast Financial has a 52-week low of $6.63 and a 52-week high of $9.95. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a market capitalization of $142.16, a PE ratio of 25.39 and a beta of 1.09.
Atlantic Coast Financial (NASDAQ:ACFC) last issued its earnings results on Tuesday, October 24th. The bank reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $9.26 million. equities analysts forecast that Atlantic Coast Financial will post 0.31 earnings per share for the current year.
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Atlantic Coast Financial Company Profile
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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