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

July 17, 2017 - By Peter Erickson

 EPS for Atlantic Coast Financial Corp (ACFC) Expected At $0.07
Investors sentiment decreased to 0.56 in Q4 2016. Its down 1.07, from 1.63 in 2016Q3. It turned 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.
Nationwide Fund Advisors has invested 0% of its portfolio in Atlantic Coast Financial Corp (NASDAQ:ACFC). Bard Incorporated stated it has 0.36% in Atlantic Coast Financial Corp (NASDAQ:ACFC). Fj Cap Limited Liability Company has invested 1.53% in Atlantic Coast Financial Corp (NASDAQ:ACFC). Pl Capital Advisors Ltd Co holds 1.01M shares. Deutsche National Bank & Trust Ag holds 44,519 shares. Walleye Trading Lc has 682 shares. Alliancebernstein Ltd Partnership has invested 0% in Atlantic Coast Financial Corp (NASDAQ:ACFC). California Public Employees Retirement Sys invested in 0% or 13,186 shares. Blackrock Fund accumulated 0% or 43,978 shares. Salem Inv Counselors has invested 0.01% in Atlantic Coast Financial Corp (NASDAQ:ACFC). Mendon Advsr has invested 0.49% in Atlantic Coast Financial Corp (NASDAQ:ACFC). Retail Bank Of America Corp De invested 0% in Atlantic Coast Financial Corp (NASDAQ:ACFC). Mufg Americas Corp owns 361 shares. Rmb Capital Management Ltd Liability owns 835,547 shares. Dimensional Fund Advsr Lp has 107,823 shares for 0% of their portfolio.

Analysts await Atlantic Coast Financial Corp (NASDAQ:ACFC) to report earnings on July, 26. They expect $0.07 earnings per share, down 22.22 % or $0.02 from last year’s $0.09 per share. ACFC’s profit will be $1.10 million for 27.46 P/E if the $0.07 EPS becomes a reality. After $0.10 actual earnings per share reported by Atlantic Coast Financial Corp for the previous quarter, Wall Street now forecasts -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: 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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