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: $137.85 million
- Outstanding Shares: 15,489,000
Average Prices:- 50 Day Moving Avg: $8.51
- 200 Day Moving Avg: $7.99
- 52 Week Range: $6.27 - $9.00
P/E:- Trailing P/E Ratio: 22.25
- Foreward P/E Ratio: 17.12
- P/E Growth: 0.00
Sales & Book Value:- Annual Revenue: $35.06 million
- Price / Sales: 3.93
- Book Value: $5.83 per share
- Price / Book: 1.53
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: 34,080 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 earnings results on Tuesday, April, 25th. The company reported $0.10 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.09 by $0.01. The company had revenue of $8.93 million for the quarter, compared to analyst estimates 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 brokerages have issued 1 year target prices for Atlantic Coast Financial Corporation's shares. Their forecasts range from $8.50 to $8.50. On average, they anticipate 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 First Internet Bancorp (INBK), MidSouth Bancorp (MSL), Shore Bancshares (SHBI), Howard Bancorp (HBMD), County Bancorp (ICBK), Riverview Bancorp (RVSB), Bank of Commerce Holdings (CA) (BOCH), California First National Bancorp (CFNB), First Financial Northwest (FFNW), Entegra Financial Corp. (ENFC), FS Bancorp (FSBW), Middlefield Banc Corp. (MBCN), Provident Financial Holdings (PROV), Sussex Bancorp (SBBX), CB Financial Services (CBFV), Guaranty Federal Bancshares (GFED), Eagle Bancorp Montana (EBMT) and PCF Group PLC (PCF).
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
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 $8.90.
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 (4.49% 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 10/19/2015 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)
| Source: |
|
| Date | Headline |
|---|
 | ETFs with exposure to Atlantic Coast Financial Corp. : October 17, 2017
finance.yahoo.com - October 17 at 3:40 PM |
 | Atlantic Coast Financial Corporation (ACFC) Set to Announce Earnings on Tuesday
www.americanbankingnews.com - October 17 at 3:44 AM |
| First Merchants Corporation (FRME) versus Atlantic Coast Financial Corporation (ACFC) Financial Contrast
www.americanbankingnews.com - October 14 at 4:14 AM |
| Atlantic Coast Financial Corporation (ACFC) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - October 9 at 7:34 PM |
| ETFs with exposure to Atlantic Coast Financial Corp. : October 4, 2017
finance.yahoo.com - October 4 at 3:07 PM |
| Atlantic Coast Financial Corp. :ACFC-US: Earnings Analysis: Q2, 2017 By the Numbers : September 8, 2017
finance.yahoo.com - September 8 at 8:43 PM |
 | Why Atlantic Coast Bank likes Tampa
www.bizjournals.com - August 24 at 8:21 PM |
 | BRIEF-Atlantic Coast Financial Corp Q2 earnings per share $0.08
www.reuters.com - July 26 at 3:22 PM |
| Atlantic Coast Financial Corporation Reports Second Quarter 2017 Earnings of $0.08 Per Diluted Share
finance.yahoo.com - July 25 at 8:18 PM |
| Atlantic Coast Financial Corporation (ACFC) Set to Announce Quarterly Earnings on Tuesday
www.americanbankingnews.com - July 18 at 8:17 AM |
| Atlantic Coast Financial Corp (ACFC.OQ)
www.reuters.com - June 13 at 8:23 AM |
 | Dominion May Lose Influence Over Its Virginia Utility Regulators
seekingalpha.com - May 11 at 3:28 PM |
 | Atlantic Coast Financial posts 1Q profit
marketbeat.com - April 25 at 5:06 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 CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
biz.yahoo.com - September 8 at 12:15 PM |
| BRIEF-Atlantic Coast Financial Corp reports Q2 earnings of $0.09/shr
www.reuters.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 |
| 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 Corporation (ACFC) Chart for Thursday, October, 19, 2017
