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
Stock Exchange NASDAQ
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 Ratio32.03
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$41.36 million
Price / Sales4.09
Cash Flow$0.4810 per share
Price / Cash22.64
Book Value$5.90 per share
Price / Book1.85
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
Market Cap$169.37 million
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 Corp (NASDAQ:ACFC) posted its earnings results on Thursday, May, 10th. The bank reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.02. The bank earned $8.36 million during the quarter. Atlantic Coast Financial had a return on equity of 5.91% and a net margin of 7.51%. View Atlantic Coast Financial's Earnings History.
What price target have analysts set for ACFC?
1 equities research analysts have issued 1 year 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 twelve months. This suggests that the stock has a possible downside of 21.9%. View Analyst Price Targets for Atlantic Coast Financial.
What is the consensus analysts' recommendation for Atlantic Coast Financial?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Atlantic Coast Financial in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." 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 Dime Community Bancshares (DCOM), First Defiance Financial (FDEF), Sterling Bancorp (SBT), Access National (ANCX), Hometrust Bancshares (HTBI), Waterstone Financial (WSBF), Farmers & Merchants Bancorp, Inc. (OH) Common Stock (FMAO), Charter Financial Corp (Maryland) (CHFN), Clifton Bancorp (CSBK), Western New England Bancorp (WNEB), NASB Financial (NASB), Northrim BanCorp (NRIM), Territorial Bancorp (TBNK), Codorus Valley Bancorp (CVLY) and PDL Community Bancorp (PDLB).
Who are Atlantic Coast Financial's key executives?
Atlantic Coast Financial's management team includes the folowing people:
- Mr. John Kenneth Stephens Jr., Pres, CEO & Director (Age 55)
- Ms. Tracy L. Keegan, Exec. VP, CFO & Corp. Sec. (Age 51)
- Mr. Phillip S. Buddenbohm, Chief Credit Officer & Exec. VP (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?
Media headlines about ACFC stock have trended somewhat positive on Friday, according to Accern. The research firm ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Atlantic Coast Financial earned a media and rumor sentiment score of 0.03 on Accern's scale. They also assigned news articles about the bank an impact score of 45.47 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the immediate future. View Recent Headlines 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 $10.89.
How big of a company is Atlantic Coast Financial?
Atlantic Coast Financial has a market capitalization of $169.37 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 (NASDAQ 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.
