Ownership Change to Note: Atlantic Coast Federal Corp Institutional Investor Sentiment Up in Q2 2016

November 17, 2016 - By Darrin Black   ·   0 Comments

Ownership Change to Note: Atlantic Coast Federal Corp Institutional Investor Sentiment  Up in  Q2 2016

Sentiment for Atlantic Coast Federal Corp (NASDAQ:ACFC)

Atlantic Coast Federal Corp (NASDAQ:ACFC) institutional sentiment increased to 2.29 in 2016 Q2. Its up 1.60, from 0.69 in 2016Q1. The ratio is better, as 16 investment professionals started new or increased positions, while 7 decreased and sold their positions in Atlantic Coast Federal Corp. The investment professionals in our partner’s database now own: 7.53 million shares, down from 7.57 million shares in 2016Q1. Also, the number of investment professionals holding Atlantic Coast Federal Corp in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 5 Increased: 12 New Position: 4.

Atlantic Coast Financial Corporation is a thrift holding company. The company has a market cap of $106.00 million. The Company, through its subsidiary, Atlantic Coast 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. It has a 20.65 P/E ratio. 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.

About 215 shares traded hands. Atlantic Coast Financial Corp (NASDAQ:ACFC) has risen 9.68% since April 15, 2016 and is uptrending. It has outperformed by 5.05% the S&P500.

According to Zacks Investment Research, “Atlantic Coast Financial Corporation, formerly known as Atlantic Coast Federal Corporation, operates as a savings bank through its subsidiary Atlantic Coast Bank, a federally chartered and insured savings bank serving northeastern Florida and southeastern Georgia markets. The products offered by the bank includes checking accounts, savings accounts, money market accounts, demand deposit accounts, time deposit accounts, certificates of deposit, family residential first and second mortgage loans, home-equity loans, commercial real estate loans, commercial and residential construction loans, land and multi-family real estate loans, commercial business loans, and automobile and other consumer loans. Atlantic Coast Financial Corporation is based in Waycross, Georgia.”

Pl Capital Advisors Llc holds 2.05% of its portfolio in Atlantic Coast Financial Corp for 1.01 million shares. Fj Capital Management Llc owns 1.52 million shares or 1.8% of their US portfolio. Moreover, Mendon Capital Advisors Corp has 0.43% invested in the company for 697,029 shares. The Illinois-based Bard Associates Inc has invested 0.38% in the stock. Arbiter Partners Capital Management Llc, a New York-based fund reported 440,102 shares.#img1#

ACFC Company Profile

Atlantic Coast Financial Corporation, incorporated on June 22, 2007, 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.

More notable recent Atlantic Coast Financial Corp (NASDAQ:ACFC) news were published by: Businesswire.com which released: “Atlantic Coast Financial Corporation Expands Footprint in Florida, Agrees to …” on November 20, 2015, also Businesswire.com with their article: “Atlantic Coast Financial Corporation to Attend the Raymond James U.S. Bank …” published on August 25, 2016, Businesswire.com published: “Atlantic Coast Financial Corporation Reverses $8.5 Million of Deferred Tax …” on June 19, 2015. More interesting news about Atlantic Coast Financial Corp (NASDAQ:ACFC) were released by: Businesswire.com and their article: “Atlantic Coast Financial Corporation Re-Elects Dave Bhasin and John J. Dolan” published on May 23, 2016 as well as Businesswire.com‘s news article titled: “Atlantic Coast Financial Corporation Third Quarter 2016 Earnings Increase to …” with publication date: October 26, 2016.

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By Darrin Black


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