Atlantic Coast Financial Corp (NASDAQ:ACFC) has been upgraded to Hold in a report by Zacks Investment Research today.
- Updated: September 16, 2016
Zacks Investment Research has upgraded Atlantic Coast Financial Corp(NASDAQ:ACFC) to Hold in a report released on 8/22/2016.
Previously on Tuesday July 7 2015, FBR Capital reported on Atlantic Coast Financial Corp(NASDAQ:ACFC) bumped the target price from $5.00 to $6.00 that suggested an upside of 0.36%.
Yesterday Atlantic Coast Financial Corp (NASDAQ:ACFC) traded 3.65% higher at $6.15. ACFC’s 50-day average is $6.27 and its two hundred day moving average is $6.15. With the last stock close 6.37% relative to the two hundred day moving average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the same time period. 33,459 shares of the stock traded, up from ann average volume of 29,353.
Recent Performance Graphic:
With a market capitalization of $0.0, Atlantic Coast Financial Corp has a P/E of 22 with a 52 week low of $5.03 and a 52 week high of $6.95.
More About Atlantic Coast Financial Corp (NASDAQ:ACFC)
Atlantic Coast Financial Corporation is a thrift holding company. The Company, through its subsidiary, Atlantic Coast Bank (the 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. 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. Additionally, the Bank invests funds in multi-family residential loans, commercial business loans, and commercial and residential construction loans. The Bank originates commercial real estate loans and commercial and industrial loans with small to mid-size businesses for the purposes of purchasing real estate and inventory, financing equipment, and and providing working capital.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.