Atlantic Coast Financial (ACFC) Getting Somewhat Favorable News Coverage, Analysis Finds

Press coverage about Atlantic Coast Financial (NASDAQ:ACFC) has been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Atlantic Coast Financial earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 45.3899353948248 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

ACFC has been the subject of a number of analyst reports. Zacks Investment Research raised Atlantic Coast Financial from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. FBR & Co reaffirmed a “hold” rating and set a $8.50 price objective on shares of Atlantic Coast Financial in a research report on Monday, October 30th. Finally, ValuEngine raised Atlantic Coast Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd.

Atlantic Coast Financial (ACFC) opened at $9.57 on Tuesday. Atlantic Coast Financial has a 52-week low of $6.63 and a 52-week high of $9.95. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market capitalization of $149.63, a P/E ratio of 26.72 and a beta of 1.09.

Atlantic Coast Financial (NASDAQ:ACFC) last posted its quarterly earnings data on Tuesday, October 24th. The bank reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.02). Atlantic Coast Financial had a net margin of 13.98% and a return on equity of 6.19%. The company had revenue of $7.99 million for the quarter, compared to the consensus estimate of $9.26 million. equities analysts forecast that Atlantic Coast Financial will post 0.31 earnings per share for the current year.

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Atlantic Coast Financial Company Profile

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.

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