Shares of Atlantic Coast Financial Corporation (NASDAQ:ACFC) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Analysts have set a 1-year consensus target price of $9.00 for the company and are expecting that the company will post $0.09 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Atlantic Coast Financial Corporation an industry rank of 36 out of 265 based on the ratings given to related companies.

Several analysts have issued reports on the stock. FBR & Co set a $8.00 price target on shares of Atlantic Coast Financial Corporation and gave the company a “buy” rating in a report on Sunday, October 30th. TheStreet raised shares of Atlantic Coast Financial Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, November 30th. Finally, Zacks Investment Research raised shares of Atlantic Coast Financial Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, December 28th.

Several hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in shares of Atlantic Coast Financial Corporation by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 107,823 shares of the company’s stock valued at $733,000 after buying an additional 4,500 shares during the period. ELCO Management Co. LLC acquired a new stake in shares of Atlantic Coast Financial Corporation during the third quarter valued at about $1,001,000. Renaissance Technologies LLC increased its stake in shares of Atlantic Coast Financial Corporation by 4.8% in the fourth quarter. Renaissance Technologies LLC now owns 239,100 shares of the company’s stock valued at $1,626,000 after buying an additional 11,000 shares during the period. EJF Capital LLC increased its stake in shares of Atlantic Coast Financial Corporation by 110.2% in the third quarter. EJF Capital LLC now owns 904,707 shares of the company’s stock valued at $5,727,000 after buying an additional 474,293 shares during the period. Finally, RMB Capital Management LLC increased its stake in shares of Atlantic Coast Financial Corporation by 65.3% in the third quarter. RMB Capital Management LLC now owns 1,364,455 shares of the company’s stock valued at $8,637,000 after buying an additional 538,908 shares during the period. 49.99% of the stock is currently owned by institutional investors.

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Atlantic Coast Financial Corporation (NASDAQ:ACFC) opened at 7.72 on Tuesday. The stock has a market cap of $119.01 million, a PE ratio of 18.56 and a beta of 0.80. The firm has a 50-day moving average of $7.35 and a 200 day moving average of $6.75. Atlantic Coast Financial Corporation has a 12 month low of $5.43 and a 12 month high of $7.81.

Atlantic Coast Financial Corporation (NASDAQ:ACFC) last announced its quarterly earnings results on Tuesday, January 24th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. Atlantic Coast Financial Corporation had a net margin of 14.88% and a return on equity of 6.31%. Analysts anticipate that Atlantic Coast Financial Corporation will post $0.48 EPS for the current year.

About Atlantic Coast Financial Corporation

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.

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