$0.07 EPS Expected for Atlantic Coast Financial Corp (ACFC)

July 19, 2017 - By Darrin Black

 $0.07 EPS Expected for Atlantic Coast Financial Corp (ACFC)
Investors sentiment decreased to 0.56 in 2016 Q4. Its down 1.07, from 1.63 in 2016Q3. It dived, as 5 investors sold Atlantic Coast Financial Corp shares while 11 reduced holdings. 1 funds opened positions while 8 raised stakes. 7.24 million shares or 4.63% less from 7.59 million shares in 2016Q3 were reported.
253,181 are held by Alliancebernstein L P. Emerald Mutual Fund Advisers Tru invested in 225,594 shares or 0.07% of the stock. Renaissance Tech Lc reported 0% in Atlantic Coast Financial Corp (NASDAQ:ACFC). Rmb Capital Management Ltd Liability Corp holds 835,547 shares or 0.31% of its portfolio. Moreover, Bankshares Of America De has 0% invested in Atlantic Coast Financial Corp (NASDAQ:ACFC) for 1 shares. Morgan Stanley invested 0% of its portfolio in Atlantic Coast Financial Corp (NASDAQ:ACFC). Dimensional Fund Advisors Lp holds 0% or 107,823 shares. Salem Investment Counselors Inc accumulated 0.01% or 7,400 shares. Moreover, Deutsche State Bank Ag has 0% invested in Atlantic Coast Financial Corp (NASDAQ:ACFC) for 44,519 shares. Zpr Invest Management reported 13,415 shares stake. Northern Trust Corporation stated it has 0% of its portfolio in Atlantic Coast Financial Corp (NASDAQ:ACFC). Blackrock Management Ltd Liability Corporation reported 2,478 shares stake. Walleye Trading Limited Liability Company reported 0% in Atlantic Coast Financial Corp (NASDAQ:ACFC). Blackrock Institutional Na owns 0% invested in Atlantic Coast Financial Corp (NASDAQ:ACFC) for 10,027 shares. Nationwide Fund Advsr has invested 0% in Atlantic Coast Financial Corp (NASDAQ:ACFC).

Wall Street await Atlantic Coast Financial Corp (NASDAQ:ACFC) to release earnings on July, 26. Analysts forecast EPS of $0.07, down exactly $0.02 or 22.22 % from 2014’s $0.09 EPS. The expected ACFC’s profit could reach $1.09 million giving the stock 27.93 P/E in the case that $0.07 earnings per share is reported. After posting $0.10 EPS for the previous quarter, Atlantic Coast Financial Corp’s analysts now forecast -30.00 % negative EPS growth. The stock decreased 0.38% or $0.03 on July 19, reaching $7.82. About 2,415 shares traded. Atlantic Coast Financial Corp (NASDAQ:ACFC) has risen 25.44% since July 20, 2016 and is uptrending. It has outperformed by 8.74% the S&P500.

Atlantic Coast Financial Corporation is a thrift holding company. The company has market cap of $121.86 million. The Company, through its subsidiary, Atlantic Coast 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. It has a 18.93 P/E ratio. 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.

More news for Atlantic Coast Financial Corp (NASDAQ:ACFC) were recently published by: Businesswire.com, which released: “Atlantic Coast Financial Corporation Re-Elects Directors W. Eric Palmer, Jay S …” on May 23, 2017. Jacksonville.com‘s article titled: “US Treasury releases Atlantic Coast Financial Corp. from financial constraints” and published on March 31, 2015 is yet another important article.

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