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Atlantic Coast Federal Corp (NASDAQ:ACFC) Q2 2017 Sentiment

December 8, 2017 - By Nellie Frank

 Atlantic Coast Federal Corp (NASDAQ:ACFC)  Q2 2017 Sentiment

Sentiment for Atlantic Coast Federal Corp (NASDAQ:ACFC)

Atlantic Coast Federal Corp (NASDAQ:ACFC) institutional sentiment decreased to 0.92 in Q2 2017. Its down -0.79, from 1.71 in 2017Q1. The ratio turned negative, as 12 active investment managers increased and opened new positions, while 13 sold and decreased their holdings in Atlantic Coast Federal Corp. The active investment managers in our partner’s database now hold: 7.54 million shares, up from 7.30 million shares in 2017Q1. Also, the number of active investment managers holding Atlantic Coast Federal Corp in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 9 Increased: 9 New Position: 3.

Atlantic Coast Financial Corporation operates as the holding firm for Atlantic Coast Bank that provides various banking services to individual and business clients primarily in Northeast Florida, Central Florida, and Southeast Georgia. The company has market cap of $144.10 million. It accepts various deposit products, including noninterest-bearing and interest-bearing demand, savings, money market demand, time deposit, and checking accounts, as well as certificates of deposit. It has a 24.88 P/E ratio. The firm also offers one-to four-family residential first and second mortgage, home-equity, commercial real estate, commercial and residential construction, multi-family real estate, commercial business, and automobile and other consumer loans.

The stock decreased 0.74% or $0.07 during the last trading session, reaching $9.33. About 15,013 shares traded. Atlantic Coast Financial Corporation (NASDAQ:ACFC) has risen 25.44% since December 8, 2016 and is uptrending. It has outperformed by 8.74% the S&P500.

Analysts await Atlantic Coast Financial Corporation (NASDAQ:ACFC) to report earnings on January, 23. They expect $0.08 EPS, down 27.27 % or $0.03 from last year’s $0.11 per share. ACFC’s profit will be $1.24M for 29.16 P/E if the $0.08 EPS becomes a reality. After $0.07 actual EPS reported by Atlantic Coast Financial Corporation for the previous quarter, Wall Street now forecasts 14.29 % EPS growth.

Pl Capital Advisors Llc holds 2.09% of its portfolio in Atlantic Coast Financial Corporation for 1.01 million shares. Fj Capital Management Llc owns 1.53 million shares or 1.52% of their US portfolio. Moreover, Ejf Capital Llc has 0.73% invested in the company for 1.11 million shares. The New York-based Salzhauer Michael has invested 0.56% in the stock. Mendon Capital Advisors Corp, a New York-based fund reported 696,437 shares.#img1#

More notable recent Atlantic Coast Financial Corporation (NASDAQ:ACFC) news were published by: Globenewswire.com which released: “B. Riley FBR Acts as Sell-Side Advisor to Atlantic Coast Financial Corporation …” on December 07, 2017, also Bizjournals.com with their article: “Why Atlantic Coast Bank likes Tampa” published on August 23, 2017, Bizjournals.com published: “Atlantic Coast Bank, one of last locally owned banks, acquired for $145 million” on November 17, 2017. More interesting news about Atlantic Coast Financial Corporation (NASDAQ:ACFC) were released by: Businesswire.com and their article: “ATLANTIC COAST FINANCIAL CORPORATION SHAREHOLDER ALERT: Rigrodsky & Long, PA …” published on November 20, 2017 as well as Businesswire.com‘s news article titled: “Atlantic Coast Financial Corporation Re-Elects Directors W. Eric Palmer, Jay S …” with publication date: May 23, 2017.

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