Analysts See $0.07 EPS for Atlantic Coast Financial Corp (ACFC)

July 17, 2017 - By Migdalia James

 Analysts See $0.07 EPS for Atlantic Coast Financial Corp (ACFC)
Investors sentiment decreased to 0.56 in Q4 2016. Its down 1.07, from 1.63 in 2016Q3. It is negative, 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.
Blackrock Institutional Tru Na invested 0% in Atlantic Coast Financial Corp (NASDAQ:ACFC). 114,450 are held by Bard. Bridgeway Cap has invested 0.01% of its portfolio in Atlantic Coast Financial Corp (NASDAQ:ACFC). Zpr Invest Management has invested 0.16% in Atlantic Coast Financial Corp (NASDAQ:ACFC). Mufg Americas Hldg Corporation holds 361 shares. 3,362 were reported by Victory Mgmt. Vanguard Gp holds 420,810 shares. Walleye Trading Ltd Liability Corporation invested in 682 shares or 0% of the stock. 239,100 are held by Renaissance Technologies Limited Liability Company. California Public Employees Retirement System has 13,186 shares. Deutsche Comml Bank Ag holds 44,519 shares. Wellington Group Limited Liability Partnership invested in 680,246 shares. Mendon Advsrs accumulated 697,902 shares or 0.49% of the stock. Fj Mgmt Ltd Liability Corp accumulated 1.52 million shares. Salem Investment Counselors accumulated 7,400 shares.

Wall Street await Atlantic Coast Financial Corp (NASDAQ:ACFC) to release earnings on July, 26. Analysts forecast earnings per share of $0.07, down exactly $0.02 or 22.22 % from 2014’s $0.09 EPS. The expected ACFC’s profit could reach $1.10 million giving the stock 27.46 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. About 17,803 shares traded or 15.92% up from the average. Atlantic Coast Financial Corp (NASDAQ:ACFC) has risen 25.44% since July 18, 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 $121.24 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 18.96 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: Jacksonville.com, which released: “US Treasury releases Atlantic Coast Financial Corp. from financial constraints” on March 31, 2015. Businesswire.com‘s article titled: “Atlantic Coast Financial Corporation Re-Elects Directors W. Eric Palmer, Jay S …” and published on May 23, 2017 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: