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Zacks Investment Research downgraded Atlantic Coast Financial Corp (NASDAQ:ACFC) to Sell in a statement released earlier today.

Zacks Investment Research has downgraded Atlantic Coast Financial Corp (NASDAQ:ACFC) to Sell in a statement released on 11/28/2016.

Showing a price of $7.06, Atlantic Coast Financial Corp (NASDAQ:ACFC) traded -1.42% lower on the day. The last stock price is up 10.30% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same period. ACFC has recorded a 50-day average of $6.57 and a 200-day moving average of $6.31. 51,235 shares of Atlantic Coast Financial Corp exchanged hands, up from an avg. volume of 17,105

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Atlantic Coast Financial Corp (NASDAQ:ACFC)

Atlantic Coast Financial Corp has one year low of $5.03 and a one year high of $7.08 with a price-earnings ratio of 21.09 and has a market capitalization of $0.

General Company Details For 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 providing working capital.

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