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:
- Sector: Finance
- Industry: Regional - Southeast Banks
- Sub-Industry: N/A
- Symbol: NASDAQ:ACFC
- CUSIP: N/A
- Web: www.atlanticcoastbank.net
Capitalization:- Market Cap: $118.63 million
- Outstanding Shares: 15,487,000
Average Prices:- 50 Day Moving Avg: $7.77
- 200 Day Moving Avg: $7.44
- 52 Week Range: $5.53 - $8.35
P/E:- Trailing P/E Ratio: 18.55
- Foreward P/E Ratio: 13.93
- P/E Growth: 0.00
Sales & Book Value:- Annual Revenue: $35.43 million
- Price / Sales: 3.35
- Book Value: $5.74 per share
- Price / Book: 1.33
Profitability:- Net Margins: 14.88%
- Return on Equity: 6.31%
- Return on Assets: 0.58%
Debt:- Debt-to-Equity Ratio: 2.67%
- Current Ratio: 1.33%
- Quick Ratio: 1.32%
Misc:- Average Volume: 11,327 shs.
- Beta: 0.8
- Short Ratio: 0.6
Frequently Asked Questions for Atlantic Coast Financial Corp (NASDAQ:ACFC)
What is Atlantic Coast Financial Corp's stock symbol?
Atlantic Coast Financial Corp trades on the NASDAQ under the ticker symbol "ACFC."
How were Atlantic Coast Financial Corp's earnings last quarter?
Atlantic Coast Financial Corp (NASDAQ:ACFC) posted its quarterly earnings results on Tuesday, April, 25th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm earned $8.93 million during the quarter, compared to analysts' expectations of $8.79 million. Atlantic Coast Financial Corp had a return on equity of 6.31% and a net margin of 14.88%. View Atlantic Coast Financial Corp's Earnings History.
When will Atlantic Coast Financial Corp make its next earnings announcement?
Where is Atlantic Coast Financial Corp's stock going? Where will Atlantic Coast Financial Corp's stock price be in 2017?
1 brokerages have issued 1-year price objectives for Atlantic Coast Financial Corp's stock. Their forecasts range from $8.00 to $8.00. On average, they expect Atlantic Coast Financial Corp's stock price to reach $8.00 in the next twelve months. View Analyst Ratings for Atlantic Coast Financial Corp.
Who are some of Atlantic Coast Financial Corp's key competitors?
Some companies that are related to Atlantic Coast Financial Corp include Regional Management Corp (RM), Cherry Hill Mortgage Investment Corp (CHMI), First Community Financial Partners (FCFP), Southern First Bancshares (SFST), Federated National Holding Co (FNHC), Reis (REIS), Safeguard Scientifics (SFE), RAIT Financial Trust (RAS), Northrim BanCorp (NRIM), Civista Bancshares (CIVB), Capstar Financial Holdings (CSTR), Stonegate Mortgage Corp (SGM), Shore Bancshares (SHBI), First Business Financial Services (FBIZ), LCNB Corp. (LCNB), Hallmark Financial Services (HALL), Jernigan Capital (JCAP) and Investar Holding Corp (ISTR).
Who owns Atlantic Coast Financial Corp stock?
Atlantic Coast Financial Corp's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include EJF Capital LLC (5.92%), RMB Capital Management LLC (0.00%), Mendon Capital Advisors Corp (0.00%), Wellington Management Group LLP (0.00%), Vanguard Group Inc. (0.00%) and Renaissance Technologies LLC (0.00%). Company insiders that own Atlantic Coast Financial Corp stock include John Kenneth Jr Stephens, Marshall D Stone and Phillip S Buddenbohm. View Institutional Ownership Trends for Atlantic Coast Financial Corp.
Who sold Atlantic Coast Financial Corp stock? Who is selling Atlantic Coast Financial Corp stock?
Who bought Atlantic Coast Financial Corp stock? Who is buying Atlantic Coast Financial Corp stock?
Atlantic Coast Financial Corp's stock was bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, EJF Capital LLC, Dimensional Fund Advisors LP and Vanguard Group Inc.. Company insiders that have bought Atlantic Coast Financial Corp stock in the last two years include John Kenneth Jr Stephens and Phillip S Buddenbohm. View Insider Buying and Selling for Atlantic Coast Financial Corp.
How do I buy Atlantic Coast Financial Corp stock?
Shares of Atlantic Coast Financial Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Atlantic Coast Financial Corp stock cost?
One share of Atlantic Coast Financial Corp stock can currently be purchased for approximately $7.66.
Consensus Ratings for Atlantic Coast Financial Corp (NASDAQ:ACFC) (?) The ratings breakdown includes the most recent rating from each analyst that has rated the stock within the last twelve months. The ratings score is a calculation of the average number of sell, hold, buy and strong buy ratings (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). The consensus price target is a mean average of the most recent price target set by each analyst that has set a price target for the stock in the last twelve months.| Ratings Breakdown: | 1 Buy Rating |
| Consensus Rating: | Buy (Score: 3.00) |
| Consensus Price Target: | $8.00 (4.44% upside) |
Analysts' Ratings History for Atlantic Coast Financial Corp (NASDAQ:ACFC)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 10/30/2016 | FBR & Co | Set Price Target | Buy | $8.00 | N/A |  |
(Data available from 5/28/2015 forward)
Earnings History for Atlantic Coast Financial Corp (NASDAQ:ACFC)Earnings History by Quarter for Atlantic Coast Financial Corp (NASDAQ:ACFC)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 7/25/2017 | | | | | | | | |
| 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 Corp (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 Corp (NASDAQ:ACFC)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Atlantic Coast Financial Corp (NASDAQ:ACFC)Insider Ownership Percentage: 10.57%
Institutional Ownership Percentage: 49.99%
Insider Trades by Quarter for Atlantic Coast Financial Corp (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 Corp (NASDAQ:ACFC)
Latest Headlines for Atlantic Coast Financial Corp (NASDAQ:ACFC)
| Source: |
|
| Date | Headline |
|---|
 | Atlantic Coast Financial Corporation Re-Elects Directors W. Eric Palmer, Jay S. Sidhu and John K. Stephens, Jr.
finance.yahoo.com - May 24 at 5:30 AM |
| Atlantic Coast Financial Corp. :ACFC-US: Earnings Analysis: Q1, 2017 By the Numbers : May 19, 2017
finance.yahoo.com - May 19 at 3:16 PM |
 | Dominion May Lose Influence Over Its Virginia Utility Regulators
seekingalpha.com - May 11 at 3:28 PM |
 | Atlantic Coast Financial Corp (ACFC) Downgraded by Zacks Investment Research to Sell
www.americanbankingnews.com - May 3 at 8:48 PM |
| Q2 2017 Earnings Estimate for Atlantic Coast Financial Corp (ACFC) Issued By FBR & Co
www.americanbankingnews.com - May 3 at 8:52 AM |
| Atlantic Coast Financial Corp (ACFC) Earning Favorable Media Coverage, Study Shows
www.americanbankingnews.com - May 3 at 8:30 AM |
| Atlantic Coast Financial Corp (ACFC) Getting Favorable Media Coverage, Report Finds
www.americanbankingnews.com - April 27 at 9:32 AM |
| Atlantic Coast Financial Corp (ACFC) Releases Earnings Results, Beats Expectations By $0.01 EPS
www.americanbankingnews.com - April 26 at 1:06 PM |
| Atlantic Coast Financial Corporation Reports First Quarter 2017 Earnings of $0.10 Per Diluted Share
finance.yahoo.com - April 26 at 5:43 AM |
 | Atlantic Coast Financial posts 1Q profit
marketbeat.com - April 25 at 5:06 PM |
| Atlantic Coast Financial Corp (ACFC) Receiving Favorable News Coverage, Report Finds
www.americanbankingnews.com - April 24 at 11:47 AM |
| Atlantic Coast Financial Corp (ACFC) Set to Announce Quarterly Earnings on Tuesday
www.americanbankingnews.com - April 23 at 7:06 AM |
| Atlantic Coast Financial Corp (ACFC) Earning Favorable News Coverage, AlphaOne Reports
www.americanbankingnews.com - April 20 at 7:33 AM |
| Atlantic Coast Financial Corp (ACFC) Receiving Positive Media Coverage, Analysis Shows
www.americanbankingnews.com - April 13 at 11:35 AM |
| Atlantic Coast Financial Corp (ACFC) Short Interest Down 47.4% in March
www.americanbankingnews.com - April 4 at 3:00 PM |
| Zacks: Atlantic Coast Financial Corp (ACFC) Given $9.00 Consensus Price Target by Analysts
www.americanbankingnews.com - March 29 at 12:31 PM |
| ATLANTIC COAST FINANCIAL CORP Financials
finance.yahoo.com - March 18 at 3:16 PM |
 | BRIEF-Atlantic Coast Financial Corp Q4 earnings per share $0.13
www.reuters.com - January 25 at 1:44 AM |
 | Atlantic Coast Financial Corporation Fourth Quarter 2016 Earnings Increase to $0.13 Per Diluted Share
us.rd.yahoo.com - January 24 at 8:40 PM |
| Under-Priced Northern Florida Bank With 30% Loan Growth!
seekingalpha.com - January 9 at 3:30 PM |
 | Atlantic Coast Financial Corporation Third Quarter 2016 Earnings Increase to $0.10 Per Diluted Share
www.businesswire.com - October 27 at 8:49 PM |
| BRIEF-Atlantic Coast Financial Corp Q3 2016 EPS rises to $0.10
www.reuters.com - October 27 at 3:31 PM |
| Atlantic Coast Financial Corporation to Participate in FIG Partners' 12th Annual Bank CEO Forum
finance.yahoo.com - September 9 at 8:05 AM |
| ATLANTIC COAST FINANCIAL CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
biz.yahoo.com - September 8 at 12:15 PM |
| Atlantic Coast Financial Corporation to Attend the Raymond James U.S. Bank Conference
finance.yahoo.com - August 25 at 8:04 AM |
| BRIEF-Atlantic Coast Financial Corp reports Q2 earnings of $0.09/shr
www.reuters.com - July 28 at 11:53 AM |
| Atlantic Coast Financial Corporation Reports Earnings of $0.09 Per Diluted Share for the Second Quarter of 2016
finance.yahoo.com - July 28 at 11:53 AM |
| Canadian National Railway: Enduring Company, Enduring Stock
seekingalpha.com - July 11 at 8:19 PM |
| ATLANTIC COAST FINANCIAL CORP Files SEC form 8-K, Other Events
biz.yahoo.com - June 15 at 4:17 PM |
| ATLANTIC COAST FINANCIAL CORP Files SEC form 8-K, Change in Directors or Principal Officers, Submission of Matters to
biz.yahoo.com - May 27 at 4:19 PM |
 | Atlantic Coast Financial Corp. reports earnings at 10 cents a share
www.bizjournals.com - April 29 at 1:01 PM |
| ATLANTIC COAST FINANCIAL CORP Files SEC form 8-K, Changes in Registrant's Certifying Accountant, Financial Statements
biz.yahoo.com - April 1 at 8:55 AM |
| ATLANTIC COAST FINANCIAL CORP Files SEC form 10-K, Annual Report
biz.yahoo.com - March 16 at 4:31 PM |
| ATLANTIC COAST FINANCIAL CORP Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and
biz.yahoo.com - March 4 at 4:40 PM |
| 9:39 am Atlantic Coast Federal Chairman Kevin Champagne retires due to health reasons; effective immediately
finance.yahoo.com - March 4 at 9:39 AM |
| Kevin Champagne, Chairman of the Board of Atlantic Coast Financial Corporation, Retires Due to Health Reasons
finance.yahoo.com - March 4 at 9:37 AM |
| ATLANTIC COAST FINANCIAL CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements
biz.yahoo.com - October 28 at 4:40 PM |
| ATLANTIC COAST FINANCIAL CORP Files SEC form 8-K, Regulation FD Disclosure
biz.yahoo.com - October 14 at 9:26 AM |
Atlantic Coast Financial Corp (ACFC) Chart for Sunday, May, 28, 2017
