Atlantic Coast Federal Corp (NASDAQ:ACFC) Shifting Institutional Investors Sentiment

June 20, 2017 - By Clifton Ray

 Atlantic Coast Federal Corp (NASDAQ:ACFC) Shifting Institutional Investors Sentiment

Sentiment for Atlantic Coast Federal Corp (NASDAQ:ACFC)

Atlantic Coast Federal Corp (NASDAQ:ACFC) institutional sentiment decreased to 0.56 in Q4 2016. Its down -1.07, from 1.63 in 2016Q3. The ratio has dropped, as 9 hedge funds opened new and increased positions, while 16 sold and trimmed holdings in Atlantic Coast Federal Corp. The hedge funds in our partner’s database now possess: 7.24 million shares, down from 7.59 million shares in 2016Q3. Also, the number of hedge funds holding Atlantic Coast Federal Corp in their top 10 positions decreased from 1 to 0 for a decrease of 1. Sold All: 5 Reduced: 11 Increased: 8 New Position: 1.

Atlantic Coast Financial Corporation is a thrift holding company. The company has market cap of $119.14 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 18.8 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.

The stock increased 1.44% or $0.11 on June 19, reaching $7.77. About shares traded. Atlantic Coast Financial Corp (NASDAQ:ACFC) has risen 25.44% since June 20, 2016 and is uptrending. It has outperformed by 8.74% the S&P500.

Investors wait Atlantic Coast Financial Corp (NASDAQ:ACFC) to report on July, 26. its quarterly earnings Wall Street analysts expect $0.07 EPS, down $0.02 or 22.22 % from last year’s $0.09 same quarter earnings. This translates into $1.07M profit for ACFC giving the stock a 27.75 P/E. This is assuming the current $0.07 EPS is accurate. Atlantic Coast Financial Corp’s Wall Street analysts see -30.00 % negative EPS growth, taking into account the $0.10 EPS reproted in the previous quarter,

Pl Capital Advisors Llc holds 1.83% of its portfolio in Atlantic Coast Financial Corp for 1.01 million shares. Fj Capital Management Llc owns 1.52 million shares or 1.53% of their US portfolio. Moreover, Mendon Capital Advisors Corp has 0.49% invested in the company for 697,902 shares. The Virginia-based Ejf Capital Llc has invested 0.46% in the stock. Bard Associates Inc, a Illinois-based fund reported 114,450 shares.#img1#

More notable recent Atlantic Coast Financial Corp (NASDAQ:ACFC) news were published by: Businesswire.com which released: “Atlantic Coast Financial Corporation Re-Elects Directors W. Eric Palmer, Jay S …” on May 23, 2017, also Businesswire.com with their article: “Atlantic Coast Financial Corporation Expands Footprint in Florida, Agrees to …” published on November 20, 2015, Jaxdailyrecord.com published: “Frankland resigning from Atlantic Coast Financial” on June 21, 2013. More interesting news about Atlantic Coast Financial Corp (NASDAQ:ACFC) were released by: Businesswire.com and their article: “Atlantic Coast Financial Corporation Reverses $8.5 Million of Deferred Tax …” published on June 19, 2015 as well as Marketwatch.com‘s news article titled: “7.77” with publication date: December 21, 2009.

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