About Atlantic Coast Financial Corporation (NASDAQ:ACFC)
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. The Bank focuses on attracting deposits and investing those funds primarily in loans, including commercial real estate loans, consumer loans, first mortgages on owner-occupied, one- to four-family residences and home equity loans. Additionally, the Bank invests funds in multi-family residential loans, commercial business loans, and commercial and residential construction loans. The Bank originates commercial real estate loans and commercial and industrial loans with small to mid-size businesses for the purposes of purchasing real estate and inventory, financing equipment, and providing working capital.
Industry, Sector and Symbol:
Capitalization:- Market Cap: $138.9 million
- Outstanding Shares: 15,489,000
Average Prices:- 50 Day Moving Avg: $8.56
- 200 Day Moving Avg: $8.02
- 52 Week Range: $6.27 - $9.00
P/E:- Trailing P/E Ratio: 22.50
- Foreward P/E Ratio: 17.31
- P/E Growth: 0.00
Sales & Book Value:- Annual Revenue: $35.06 million
- Price / Sales: 3.98
- Book Value: $5.83 per share
- Price / Book: 1.54
Profitability:- Net Margins: 14.79%
- Return on Equity: 6.43%
- Return on Assets: 0.62%
Debt:- Debt-to-Equity Ratio: 1.47%
- Current Ratio: 1.19%
- Quick Ratio: 1.19%
Misc:- Average Volume: 34,191 shs.
- Beta: 1.13
- Short Ratio: 2.23
Frequently Asked Questions for Atlantic Coast Financial Corporation (NASDAQ:ACFC)
What is Atlantic Coast Financial Corporation's stock symbol?
Atlantic Coast Financial Corporation trades on the NASDAQ under the ticker symbol "ACFC."
How were Atlantic Coast Financial Corporation's earnings last quarter?
Atlantic Coast Financial Corporation (NASDAQ:ACFC) posted its quarterly earnings data on Tuesday, April, 25th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $8.93 million for the quarter, compared to the consensus estimate of $8.79 million. Atlantic Coast Financial Corporation had a return on equity of 6.43% and a net margin of 14.79%. View Atlantic Coast Financial Corporation's Earnings History.
When will Atlantic Coast Financial Corporation make its next earnings announcement?
Where is Atlantic Coast Financial Corporation's stock going? Where will Atlantic Coast Financial Corporation's stock price be in 2017?
1 brokers have issued 1 year price targets for Atlantic Coast Financial Corporation's shares. Their predictions range from $8.50 to $8.50. On average, they expect Atlantic Coast Financial Corporation's stock price to reach $8.50 in the next twelve months. View Analyst Ratings for Atlantic Coast Financial Corporation.
Who are some of Atlantic Coast Financial Corporation's key competitors?
Some companies that are related to Atlantic Coast Financial Corporation include Shore Bancshares (SHBI), MidSouth Bancorp (MSL), Howard Bancorp (HBMD), First Financial Northwest (FFNW), County Bancorp (ICBK), Riverview Bancorp (RVSB), FS Bancorp (FSBW), California First National Bancorp (CFNB), Bank of Commerce Holdings (CA) (BOCH), Entegra Financial Corp. (ENFC), Middlefield Banc Corp. (MBCN), Sussex Bancorp (SBBX), Provident Financial Holdings (PROV), CB Financial Services (CBFV), Guaranty Federal Bancshares (GFED), Eagle Bancorp Montana (EBMT), PCF Group PLC (PCF) and Avenue Financial Holdings (AVNU).
Who are Atlantic Coast Financial Corporation's key executives?
Atlantic Coast Financial Corporation's management team includes the folowing people:
- John J. Dolan, Independent Chairman of the Board
- John K. Stephens Jr., President, Chief Executive Officer, Director
- Jay S. Sidhu, Vice Chairman of the Board
- Tracy L. Keegan, Chief Financial Officer, Executive Vice President
- Phillip S. Buddenbohm, Executive Vice President and Chief Credit Officer of Atlantic Coast Bank
- James D. Hogan, Director
- Dave Bhasin, Independent Director
- Bhanu Choudhrie, Independent Director
- W. Eric Palmer, Independent Director
Who owns Atlantic Coast Financial Corporation stock?
Who bought Atlantic Coast Financial Corporation stock? Who is buying Atlantic Coast Financial Corporation stock?
How do I buy Atlantic Coast Financial Corporation stock?
Shares of Atlantic Coast Financial Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Atlantic Coast Financial Corporation's stock price today?
One share of Atlantic Coast Financial Corporation stock can currently be purchased for approximately $9.00.
MarketBeat Community Rating for Atlantic Coast Financial Corporation (NASDAQ ACFC)MarketBeat's community ratings are surveys of what our community members think about Atlantic Coast Financial Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Atlantic Coast Financial Corporation (NASDAQ:ACFC) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Hold Rating |
| Consensus Rating: | Hold (Score: 2.00) |
| Consensus Price Target: | $8.50 (5.56% downside) |
Consensus Price Target History for Atlantic Coast Financial Corporation (NASDAQ:ACFC)
Analysts' Ratings History for Atlantic Coast Financial Corporation (NASDAQ:ACFC)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 6/9/2017 | FBR & Co | Downgrade | Outperform -> Market Perform | $8.50 | Low |  |
(Data available from 10/24/2015 forward)
Earnings History for Atlantic Coast Financial Corporation (NASDAQ:ACFC)Earnings History by Quarter for Atlantic Coast Financial Corporation (NASDAQ ACFC)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/24/2017 | | $0.11 | | | | | N/A | |
| 4/25/2017 | Q1 2017 | $0.09 | $0.10 | $8.79 million | $8.93 million | View | N/A | |
| 1/24/2017 | Q4 2016 | $0.09 | $0.11 | $8.76 million | $9.06 million | View | N/A | |
| 10/26/2016 | Q3 2016 | $0.09 | $0.08 | $8.90 million | $9.06 million | View | N/A | |
| 4/27/2016 | Q1 2016 | $0.07 | $0.07 | $7.72 million | $8.65 million | View | N/A | |
| 1/27/2016 | Q4 2015 | $0.07 | $0.07 | $7.86 million | $7.48 million | View | N/A | |
| 10/28/2015 | Q3 2015 | $0.09 | $0.07 | $8.10 million | $7.63 million | View | N/A | |
| 7/29/2015 | Q2 2015 | $0.27 | $0.36 | $6.43 million | $6.66 million | View | N/A | |
| 4/29/2015 | Q1 2015 | $0.04 | $0.03 | $6.67 million | $6.18 million | View | N/A | |
| 2/2/2015 | Q4 2014 | $0.03 | $0.03 | $6.58 million | $6.20 million | View | N/A | |
| 7/30/2014 | Q2 2014 | $0.02 | $0.02 | $5.87 million | $5.91 million | View | N/A | |
| 4/29/2014 | Q1 2014 | ($0.02) | $0.01 | $5.63 million | $5.62 million | View | N/A | |
| 3/3/2014 | Q4 13 | | ($1.05) | | | View | N/A | |
| 1/29/2014 | Q4 | ($0.05) | ($0.12) | | | View | N/A | |
| 11/6/2012 | Q312 | | ($0.66) | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Atlantic Coast Financial Corporation (NASDAQ:ACFC)2017 EPS Consensus Estimate: $0.40
2018 EPS Consensus Estimate: $0.55
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 1 | $0.10 | $0.10 | $0.10 |
| Q2 2017 | 1 | $0.07 | $0.07 | $0.07 |
| Q3 2017 | 1 | $0.11 | $0.11 | $0.11 |
| Q4 2017 | 1 | $0.12 | $0.12 | $0.12 |
| Q1 2018 | 1 | $0.12 | $0.12 | $0.12 |
| Q2 2018 | 1 | $0.13 | $0.13 | $0.13 |
| Q3 2018 | 1 | $0.14 | $0.14 | $0.14 |
| Q4 2018 | 1 | $0.16 | $0.16 | $0.16 |
(Data provided by Zacks Investment Research)
Dividend History for Atlantic Coast Financial Corporation (NASDAQ:ACFC)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Atlantic Coast Financial Corporation (NASDAQ:ACFC)Insider Ownership Percentage: 10.89%
Institutional Ownership Percentage: 49.52%
Insider Trades by Quarter for Atlantic Coast Financial Corporation (NASDAQ:ACFC)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 11/15/2016 | Marshall D Stone | VP | Sell | 131 | $6.86 | $898.66 | |
| 11/14/2016 | Marshall D Stone | VP | Sell | 424 | $6.80 | $2,883.20 | |
| 8/26/2015 | Phillip S Buddenbohm | EVP | Buy | 1,600 | $6.00 | $9,600.00 | |
| 8/20/2015 | John Kenneth Jr. Stephens | CEO | Buy | 10,000 | $6.20 | $62,000.00 | |
| 2/6/2015 | James D Hogan | CFO | Buy | 5,000 | $3.95 | $19,750.00 | |
| 8/28/2014 | Kevin G Champagne | Director | Buy | 2,000 | $4.15 | $8,300.00 | |
| 8/27/2014 | Kevin G Champagne | Director | Buy | 100 | $4.13 | $413.00 | |
| 8/26/2014 | Kevin G Champagne | Director | Buy | 8,000 | $4.16 | $33,280.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Atlantic Coast Financial Corporation (NASDAQ:ACFC)
Latest Headlines for Atlantic Coast Financial Corporation (NASDAQ:ACFC)
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Atlantic Coast Financial Corporation (ACFC) Chart for Tuesday, October, 24, 2017
