ValuEngine lowered shares of Atlantic Coast Financial Corporation (NASDAQ:ACFC) from a buy rating to a hold rating in a research report report published on Monday.

ACFC has been the topic of several other reports. FBR & Co lowered shares of Atlantic Coast Financial Corporation from an outperform rating to a market perform rating and set a $8.50 price target on the stock. in a report on Friday, June 9th. Zacks Investment Research upgraded shares of Atlantic Coast Financial Corporation from a sell rating to a hold rating in a research report on Monday, July 3rd.

Atlantic Coast Financial Corporation (NASDAQ ACFC) opened at 8.61 on Monday. The company has a market capitalization of $133.36 million, a PE ratio of 21.52 and a beta of 1.13. Atlantic Coast Financial Corporation has a one year low of $6.26 and a one year high of $8.89. The company has a 50-day moving average price of $8.40 and a 200-day moving average price of $7.93.

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Institutional investors have recently modified their holdings of the business. EJF Capital LLC raised its position in shares of Atlantic Coast Financial Corporation by 1.0% in the first quarter. EJF Capital LLC now owns 913,960 shares of the bank’s stock worth $6,964,000 after acquiring an additional 9,253 shares during the period. PL Capital Advisors LLC raised its position in shares of Atlantic Coast Financial Corporation by 0.5% in the second quarter. PL Capital Advisors LLC now owns 1,014,694 shares of the bank’s stock worth $7,955,000 after acquiring an additional 5,032 shares during the period. Renaissance Technologies LLC raised its position in shares of Atlantic Coast Financial Corporation by 6.4% in the first quarter. Renaissance Technologies LLC now owns 254,300 shares of the bank’s stock worth $1,938,000 after acquiring an additional 15,200 shares during the period. Salem Investment Counselors Inc. raised its position in shares of Atlantic Coast Financial Corporation by 1,351.4% in the second quarter. Salem Investment Counselors Inc. now owns 107,400 shares of the bank’s stock worth $842,000 after acquiring an additional 100,000 shares during the period. Finally, State Street Corp acquired a new position in shares of Atlantic Coast Financial Corporation in the second quarter worth about $351,000. Institutional investors and hedge funds own 49.52% of the company’s stock.

Atlantic Coast Financial Corporation Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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