Atlantic Coast Financial (NASDAQ:ACFC) is set to release its earnings data on Monday, January 22nd. Analysts expect Atlantic Coast Financial to post earnings of $0.10 per share for the quarter.

Atlantic Coast Financial (NASDAQ:ACFC) last posted its quarterly earnings results 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). The business had revenue of $7.99 million for the quarter, compared to analyst estimates of $9.26 million. Atlantic Coast Financial had a return on equity of 6.19% and a net margin of 13.98%. On average, analysts expect Atlantic Coast Financial to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Atlantic Coast Financial (NASDAQ:ACFC) opened at $10.35 on Friday. The stock has a market capitalization of $159.43, a price-to-earnings ratio of 27.24 and a beta of 1.09. Atlantic Coast Financial has a twelve month low of $6.90 and a twelve month high of $10.41. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.23 and a current ratio of 1.23.

ACFC has been the subject of a number of analyst reports. FBR & Co reissued a “hold” rating and set a $8.50 price objective on shares of Atlantic Coast Financial in a report on Monday, October 30th. Zacks Investment Research cut Atlantic Coast Financial from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Finally, ValuEngine cut Atlantic Coast Financial from a “buy” rating to a “hold” rating in a report on Friday, December 1st.

A hedge fund recently raised its stake in Atlantic Coast Financial stock. Northern Trust Corp raised its stake in shares of Atlantic Coast Financial Corp (NASDAQ:ACFC) by 1.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,437 shares of the bank’s stock after acquiring an additional 212 shares during the quarter. Northern Trust Corp owned approximately 0.11% of Atlantic Coast Financial worth $137,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 56.99% of the company’s stock.

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About Atlantic Coast Financial

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.

Earnings History for Atlantic Coast Financial (NASDAQ:ACFC)

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