Zacks Rating on Atlantic Coast Financial Corporation (ACFC)

Atlantic Coast Financial Corporation (ACFC) : 1 analysts are covering Atlantic Coast Financial Corporation (ACFC) and their average rating on the stock is 1, which is read as a Strong Buy. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels.


Shares of Atlantic Coast Financial Corporation rose by 4.67% in the last five trading days and 3.29% for the last 4 weeks. Atlantic Coast Financial Corporation has dropped 1.72% during the last 3-month period . Year-to-Date the stock performance stands at 7.17%. Atlantic Coast Financial Corporation (NASDAQ:ACFC): stock turned positive on Tuesday. Though the stock opened at $6.18, the bulls momentum made the stock top out at $6.35 level for the day. The stock recorded a low of $6.18 and closed the trading day at $6.28, in the green by 2.11%. The total traded volume for the day was 140,931. The stock had closed at $6.15 in the previous days trading.

Atlantic Coast Financial Corporation is a thrift holding company. The Companys principal subsidiary is Atlantic Coast Bank (the Bank), a federally chartered thrift. The Bank provides banking services to individual and business customers primarily in Northeast Florida and Southeast Georgia. The Banks primary deposit products are checking, savings and certificates of deposit, and its primary lending products are residential mortgage, home equity, consumer loans, and commercial loans. Substantially all loans are secured by specific items of collateral, including business assets, consumer assets, and commercial and residential real estate. Commercial loans are generally expected to be repaid from the cash flows from the operations of the business.

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