Atlantic Coast Financial (ACFC) Set to Announce Quarterly Earnings on Monday
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.
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.
TRADEMARK VIOLATION WARNING: This piece was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://theolympiareport.com/2018/01/21/atlantic-coast-financial-acfc-set-to-announce-quarterly-earnings-on-monday.html.
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.
Receive News & Ratings for Atlantic Coast Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlantic Coast Financial and related companies with MarketBeat.com's FREE daily email newsletter.