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About Atlantic Coast Financial (NASDAQ:ACFC)
Atlantic Coast Financial Corporation operates as the holding company for Atlantic Coast Bank that provides various banking services to individual and business customers primarily in Northeast Florida, Central Florida, and Southeast Georgia. It accepts various deposit products, including noninterest-bearing and interest-bearing demand, savings, money market demand, time deposit, and checking accounts, as well as certificates of deposit. The company also offers one-to four-family residential first and second mortgage, home-equity, commercial real estate, commercial and residential construction, multi-family real estate, commercial business, and automobile and other consumer loans. As of December 31, 2017, it operated 10 full-service branch offices and 4 lending offices. The company was founded in 1939 and is headquartered in Jacksonville, Florida.
Industry, Sector and Symbol
Industry Federal savings institutions
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:ACFC
CUSIPN/A
Phone800-342-2824
Debt
Debt-to-Equity Ratio2.10
Current Ratio1.31
Quick Ratio1.30
Price-To-Earnings
Trailing P/E Ratio32.44
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$41.36 million
Price / Sales4.13
Cash Flow$0.4858 per share
Price / Cash22.60
Book Value$5.83 per share
Price / Book1.88
Profitability
EPS (Most Recent Fiscal Year)$0.34
Net Income$3.16 million
Net Margins7.51%
Return on Equity5.91%
Return on Assets0.57%
Miscellaneous
Employees165
Outstanding Shares15,550,000
Atlantic Coast Financial (NASDAQ:ACFC) Frequently Asked Questions
What is Atlantic Coast Financial's stock symbol?
Atlantic Coast Financial trades on the NASDAQ under the ticker symbol "ACFC."
How were Atlantic Coast Financial's earnings last quarter?
Atlantic Coast Financial (NASDAQ:ACFC) released its quarterly earnings results on Thursday, May, 10th. The bank reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.09 by $0.02. The bank had revenue of $8.36 million for the quarter. Atlantic Coast Financial had a net margin of 7.51% and a return on equity of 5.91%. View Atlantic Coast Financial's Earnings History.
When is Atlantic Coast Financial's next earnings date?
What price target have analysts set for ACFC?
1 equities research analysts have issued twelve-month target prices for Atlantic Coast Financial's stock. Their predictions range from $8.50 to $8.50. On average, they expect Atlantic Coast Financial's share price to reach $8.50 in the next year. View Analyst Ratings for Atlantic Coast Financial.
Who are some of Atlantic Coast Financial's key competitors?
Some companies that are related to Atlantic Coast Financial include First Defiance Financial (FDEF), Access National (ANCX), HomeTrust Bancshares (HTBI), Wauwatosa (WSBF), Farmers & Merchants Bancorp (FMAO), Charter Financial (CHFN), Clifton Bancorp (CSBK), Westfield Financial (WNEB), BankFinancial (BFIN), NASB Financial (NASB), Territorial Bancorp (TBNK), Northrim BanCorp (NRIM), Codorus Valley Bancorp (CVLY), First Guaranty Bank (FGBI) and BCB Bancorp (BCBP).
Who are Atlantic Coast Financial's key executives?
Atlantic Coast Financial's management team includes the folowing people:
- Mr. John Kenneth Stephens Jr., CEO, Pres & Director (Age 55)
- Ms. Tracy L. Keegan, CFO, Principal Accounting Officer, EVP & Corp. Sec. (Age 51)
- Mr. Phillip S. Buddenbohm, Chief Credit Officer and EVP (Age 47)
- Mr. Marshall D. Stone, VP, Controller, VP of Atlantic Coast Bank and Controller of Atlantic Coast Bank (Age 63)
Has Atlantic Coast Financial been receiving favorable news coverage?
Headlines about ACFC stock have been trending somewhat negative this week, Accern Sentiment reports. The research firm identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Atlantic Coast Financial earned a news impact score of 0.00 on Accern's scale. They also assigned news articles about the bank an impact score of 47.98 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
Who are Atlantic Coast Financial's major shareholders?
Atlantic Coast Financial's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include GABELLI & Co INVESTMENT ADVISERS INC. (2.95%), Gabelli Funds LLC (1.80%), Mizuho Securities USA LLC (1.35%), Millennium Management LLC (0.43%), Yakira Capital Management Inc. (0.37%) and Vivaldi Capital Management LLC (0.20%). View Institutional Ownership Trends for Atlantic Coast Financial.
Which major investors are selling Atlantic Coast Financial stock?
Which major investors are buying Atlantic Coast Financial stock?
ACFC stock was purchased by a variety of institutional investors in the last quarter, including Millennium Management LLC, Yakira Capital Management Inc., GABELLI & Co INVESTMENT ADVISERS INC., Mizuho Securities USA LLC, Tibra Equities Europe Ltd, Guggenheim Capital LLC, BNP Paribas Arbitrage SA and Gabelli Funds LLC. View Insider Buying and Selling for Atlantic Coast Financial.
How do I buy shares of Atlantic Coast Financial?
Shares of ACFC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Atlantic Coast Financial's stock price today?
One share of ACFC stock can currently be purchased for approximately $10.98.
How big of a company is Atlantic Coast Financial?
Atlantic Coast Financial has a market capitalization of $169.06 million and generates $41.36 million in revenue each year. The bank earns $3.16 million in net income (profit) each year or $0.34 on an earnings per share basis. Atlantic Coast Financial employs 165 workers across the globe.
How can I contact Atlantic Coast Financial?
Atlantic Coast Financial's mailing address is 4655 SALISBURY ROAD SUITE 110, JACKSONVILLE FL, 32256. The bank can be reached via phone at 800-342-2824 or via email at [email protected]
MarketBeat Community Rating for Atlantic Coast Financial (ACFC)
MarketBeat's community ratings are surveys of what our community members think about Atlantic Coast Financial and other stocks. Vote "Outperform" if you believe ACFC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ACFC will underperform the S&P 500 over the long term. You may vote once every thirty days.
Atlantic Coast Financial (NASDAQ:ACFC) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
1 Wall Street analysts have issued ratings and price targets for Atlantic Coast Financial in the last 12 months. Their average twelve-month price target is $8.50, suggesting that the stock has a possible downside of 22.59%. The high price target for ACFC is $8.50 and the low price target for ACFC is $8.50. There are currently 1 hold rating for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.00 | 2.00 | 2.00 | 2.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $8.50 | $8.50 | $8.50 | $8.50 |
| Price Target Upside: | 22.59% downside | 5.45% downside | 5.45% downside | 5.45% downside |
Atlantic Coast Financial (NASDAQ:ACFC) Consensus Price Target History
Atlantic Coast Financial (NASDAQ:ACFC) Analyst Ratings History
Show:
| Date | Brokerage | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 10/30/2017 | FBR & Co | Reiterated Rating | Hold | $8.50 | N/A |  |
(Data available from 5/22/2016 forward)
Atlantic Coast Financial (NASDAQ:ACFC) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Atlantic Coast Financial (NASDAQ ACFC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 10.89%
Institutional Ownership Percentage: 60.80%
Atlantic Coast Financial (NASDAQ ACFC) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 11/15/2016 | Marshall D Stone | VP | Sell | 131 | $6.86 | $898.66 | 1,747 | |
| 11/14/2016 | Marshall D Stone | VP | Sell | 424 | $6.80 | $2,883.20 | 1,747 | |
| 8/26/2015 | Phillip S Buddenbohm | EVP | Buy | 1,600 | $6.00 | $9,600.00 | 4,102 | |
| 8/20/2015 | John Kenneth Jr. Stephens | CEO | Buy | 10,000 | $6.20 | $62,000.00 | 30,690 | |
| 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)
Atlantic Coast Financial (NASDAQ ACFC) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Head to Head Survey: Northrim BanCorp (NRIM) and Atlantic Coast Financial (ACFC)
www.americanbankingnews.com - May 18 at 5:32 AM |
| Atlantic Coast Financial (ACFC) Announces Earnings Results
www.americanbankingnews.com - May 11 at 12:46 PM |
 | Atlantic Coast Financial: 1Q Earnings Snapshot
finance.yahoo.com - May 10 at 10:46 AM |
| Salisbury Bancorp (SAL) and Atlantic Coast Financial (ACFC) Financial Analysis
www.americanbankingnews.com - April 28 at 9:16 PM |
| Analyzing Atlantic Coast Financial (ACFC) and 1st Constitution Bancorp (FCCY)
www.americanbankingnews.com - April 12 at 3:15 PM |
| Zacks: Atlantic Coast Financial (ACFC) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - April 11 at 5:33 AM |
| Atlantic Coast Financial (ACFC) Cut to "Hold" at ValuEngine
www.americanbankingnews.com - April 8 at 2:04 PM |
| Atlantic Coast Financial (ACFC) Rating Reiterated by FBR & Co
www.americanbankingnews.com - April 4 at 12:34 AM |
| ValuEngine Lowers Atlantic Coast Financial (ACFC) to Hold
www.americanbankingnews.com - April 3 at 8:12 PM |
| Atlantic Coast Financial Corporation Stockholders Approve Merger with Ameris Bancorp
finance.yahoo.com - March 22 at 10:40 AM |
| Atlantic Coast Financial (ACFC) Upgraded to Buy at ValuEngine
www.americanbankingnews.com - March 6 at 12:54 AM |
| Atlantic Coast Financial Corp (ACFC) Receives Consensus Rating of "Hold" from Brokerages
www.americanbankingnews.com - March 3 at 3:22 AM |
| K2 Principal Fund L.P. Purchases Shares of 107,732 Atlantic Coast Financial Corp (ACFC)
www.americanbankingnews.com - February 27 at 7:50 AM |
| Brokerages Set $8.50 Target Price for Atlantic Coast Financial Corp (ACFC)
www.americanbankingnews.com - February 21 at 11:26 AM |
| Credit Suisse Group (CS) vs. Atlantic Coast Financial (ACFC) Financial Analysis
www.americanbankingnews.com - February 19 at 1:16 AM |
| Analyzing Atlantic Coast Financial (ACFC) & Flagstar Bancorp (FBC)
www.americanbankingnews.com - February 18 at 5:12 PM |
 | A Chinese Casino Has Conquered a Piece of America
www.msn.com - February 17 at 9:43 AM |
| Bank of Nova Scotia (BNS) & Atlantic Coast Financial (ACFC) Head-To-Head Review
www.americanbankingnews.com - February 8 at 7:02 PM |
| Atlantic Coast Financial posts 4Q loss
finance.yahoo.com - January 23 at 4:51 PM |
| Atlantic Coast Financial Corporation’s Fourth Quarter 2017 Net Loss of $0.04 Per Diluted Share Included $0.14 in Charges Related to Tax Act and Pending Merger
finance.yahoo.com - January 23 at 4:51 PM |
| ACT NOW: Monteverde & Associates PC Announces An Investigation Of Atlantic Coast Financial Corporation - ACFC
finance.yahoo.com - January 18 at 6:53 PM |
| Zacks: Atlantic Coast Financial Corp (ACFC) Given $8.50 Average Price Target by Brokerages
www.americanbankingnews.com - January 15 at 1:16 PM |
| Atlantic Coast Financial (ACFC) Scheduled to Post Quarterly Earnings on Monday
www.americanbankingnews.com - January 15 at 2:12 AM |
| Atlantic Coast Financial (ACFC) Downgraded by ValuEngine to Hold
www.americanbankingnews.com - December 30 at 11:18 AM |
| Atlantic Coast Financial Corp (ACFC) Given $8.50 Consensus Target Price by Analysts
www.americanbankingnews.com - December 29 at 3:22 PM |
| Year in Review: The end of Jacksonville's local banks
finance.yahoo.com - December 27 at 10:35 AM |
| Analysts Anticipate Atlantic Coast Financial Corporation (ACFC) to Announce $0.08 Earnings Per Share
www.americanbankingnews.com - December 14 at 7:50 PM |
| Atlantic Coast Financial Corporation (ACFC) Given $8.50 Average Price Target by Analysts
www.americanbankingnews.com - November 27 at 9:36 AM |
| SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces an Investigation of Atlantic Coast Financial Corporation - ACFC
finance.yahoo.com - November 22 at 4:02 PM |
| Atlantic Coast Financial Corporation (ACFC) versus Territorial Bancorp (TBNK) Critical Comparison
www.americanbankingnews.com - November 22 at 1:12 AM |
| SHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation Of Atlantic Coast Financial Corporation, Cavium, Inc., Bonanza Creek Energy, Inc., First West Virginia Bancorp, Inc. and Almost Family, Inc.
finance.yahoo.com - November 21 at 9:02 PM |
| Atlantic Coast Financial Corp. :ACFC-US: Earnings Analysis: Q3, 2017 By the Numbers : November 20, 2017
finance.yahoo.com - November 21 at 4:00 PM |
| ETFs with exposure to Atlantic Coast Financial Corp. : November 21, 2017
finance.yahoo.com - November 21 at 4:00 PM |
| Analyzing Atlantic Coast Financial Corporation (ACFC) & Its Peers
www.americanbankingnews.com - November 18 at 7:24 PM |
| ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Atlantic Coast Financial Corporation
finance.yahoo.com - November 18 at 12:55 AM |
| SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Concerning Whether the Sale of Atlantic Coast Financial Corporation to Ameris Bancorp is Fair to Shareholders – ACFC
finance.yahoo.com - November 17 at 3:18 PM |
 | BRIEF-Ameris Bancorp signs definitive merger agreement to acquire Atlantic Coast Financial Corp
www.reuters.com - November 17 at 11:02 AM |
 | Ameris Bancorp Signs Definitive Merger Agreement to Acquire Atlantic Coast ...
www.prnewswire.com - November 17 at 11:02 AM |
 | Atlantic Coast Bank, last locally owned bank, acquired for $145 million
www.bizjournals.com - November 17 at 11:02 AM |
 | UPDATE: Ameris Bancorp (ABCB) Announces Acquisition of Atlantic Coast Financial Corp. (ACFC) for $145M
www.streetinsider.com - November 17 at 11:02 AM |
| Ameris Bancorp Signs Definitive Merger Agreement to Acquire Atlantic Coast Financial Corporation
finance.yahoo.com - November 17 at 11:02 AM |
| Shareholder Alert: Ademi & O'Reilly, LLP Investigates whether Atlantic Coast Financial Corporation has obtained a Fair Price in its Sale to Ameris Bancorp
finance.yahoo.com - November 17 at 11:02 AM |
| Atlantic Coast Bank, one of last locally owned banks, acquired for $145 million
finance.yahoo.com - November 17 at 11:02 AM |
| Comparing Atlantic Coast Financial Corporation (ACFC) and Its Competitors
www.americanbankingnews.com - November 15 at 7:31 PM |
| Atlantic Coast Financial Corporation (ACFC) Given Average Rating of "Hold" by Brokerages
www.americanbankingnews.com - November 11 at 3:34 AM |
| Oritani Financial Corp. (ORIT) versus Atlantic Coast Financial Corporation (ACFC) Financial Contrast
www.americanbankingnews.com - November 7 at 11:36 PM |
| FBR & Co Comments on Atlantic Coast Financial Corporation's Q4 2018 Earnings (ACFC)
www.americanbankingnews.com - November 1 at 6:24 PM |
| Atlantic Coast Financial Corporation (ACFC) Downgraded by Zacks Investment Research to "Sell"
www.americanbankingnews.com - October 31 at 5:32 PM |
| FY2017 EPS Estimates for Atlantic Coast Financial Corporation Reduced by Analyst (ACFC)
www.americanbankingnews.com - October 31 at 8:00 AM |
| Atlantic Coast Bank sees large growth in loans and deposits
www.bizjournals.com - October 30 at 3:25 PM |
Atlantic Coast Financial (NASDAQ:ACFC) SEC Filings
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Atlantic Coast Financial (NASDAQ:ACFC) Income Statement, Balance Sheet and Cash Flow Statement
Atlantic Coast Financial (NASDAQ ACFC) Stock Chart for Tuesday, May, 22, 2018
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