FBR & Co restated their hold rating on shares of Atlantic Coast Financial Corporation (NASDAQ:ACFC) in a research report sent to investors on Monday morning. The firm currently has a $8.50 price objective on the bank’s stock. FBR & Co also issued estimates for Atlantic Coast Financial Corporation’s Q4 2017 earnings at $0.08 EPS, FY2017 earnings at $0.31 EPS, Q1 2018 earnings at $0.09 EPS, Q2 2018 earnings at $0.10 EPS, Q3 2018 earnings at $0.12 EPS, Q4 2018 earnings at $0.13 EPS, FY2018 earnings at $0.45 EPS, Q1 2019 earnings at $0.12 EPS, Q2 2019 earnings at $0.13 EPS, Q3 2019 earnings at $0.15 EPS and FY2019 earnings at $0.55 EPS.

Other equities research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Atlantic Coast Financial Corporation from a buy rating to a hold rating in a research report on Monday, October 2nd. Zacks Investment Research downgraded shares of Atlantic Coast Financial Corporation from a hold rating to a sell rating in a research report on Friday, September 22nd.

Atlantic Coast Financial Corporation (NASDAQ:ACFC) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). Atlantic Coast Financial Corporation had a net margin of 13.98% and a return on equity of 6.23%. The business had revenue of $7.99 million for the quarter, compared to the consensus estimate of $9.26 million.

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Institutional investors have recently bought and sold shares of the business. Northern Trust Corp boosted its stake in Atlantic Coast Financial Corporation by 1.2% during the 2nd quarter. Northern Trust Corp now owns 17,437 shares of the bank’s stock valued at $137,000 after purchasing an additional 212 shares during the period. State Street Corp acquired a new position in Atlantic Coast Financial Corporation during the 2nd quarter valued at about $351,000. Salem Investment Counselors Inc. boosted its stake in Atlantic Coast Financial Corporation by 1,351.4% during the 2nd quarter. Salem Investment Counselors Inc. now owns 107,400 shares of the bank’s stock valued at $842,000 after purchasing an additional 100,000 shares during the period. Dimensional Fund Advisors LP boosted its stake in Atlantic Coast Financial Corporation by 6.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 114,978 shares of the bank’s stock valued at $876,000 after purchasing an additional 7,155 shares during the period. Finally, Salzhauer Michael boosted its stake in Atlantic Coast Financial Corporation by 48.2% during the 2nd quarter. Salzhauer Michael now owns 155,595 shares of the bank’s stock valued at $1,220,000 after purchasing an additional 50,595 shares during the period. 52.00% of the stock is owned by hedge funds and other institutional investors.

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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