Atlantic Coast Financial Corp (NASDAQ:ACFC) Institutional Investor Sentiment Trend

December 8, 2017 - By Vivian Currie

 Atlantic Coast Financial Corp (NASDAQ:ACFC) Institutional Investor Sentiment Trend

Sentiment for Atlantic Coast Financial Corp (NASDAQ:ACFC)

Atlantic Coast Financial Corp (NASDAQ:ACFC) institutional sentiment decreased to 0.92 in 2017 Q2. Its down -0.79, from 1.71 in 2017Q1. The ratio has worsened, as 12 funds started new and increased equity positions, while 13 reduced and sold their positions in Atlantic Coast Financial Corp. The funds in our partner’s database now have: 7.54 million shares, up from 7.30 million shares in 2017Q1. Also, the number of funds holding Atlantic Coast Financial Corp in their top 10 equity 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 earnings per share, down 27.27 % or $0.03 from last year’s $0.11 per share. ACFC’s profit will be $1.24 million for 29.16 P/E if the $0.08 EPS becomes a reality. After $0.07 actual earnings per share 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: Bizjournals.com which released: “Atlantic Coast Bank, one of last locally owned banks, acquired for $145 million” on November 17, 2017, also Globenewswire.com with their article: “B. Riley FBR Acts as Sell-Side Advisor to Atlantic Coast Financial Corporation …” published on December 07, 2017, Bizjournals.com published: “Why Atlantic Coast Bank likes Tampa” on August 23, 2017. More interesting news about Atlantic Coast Financial Corporation (NASDAQ:ACFC) were released by: Businesswire.com and their article: “Atlantic Coast Financial Corporation Re-Elects Directors W. Eric Palmer, Jay S …” published on May 23, 2017 as well as Businesswire.com‘s news article titled: “INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Investors of an Investigation …” with publication date: November 21, 2017.

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