Last $3.97 USD
Change Today -0.03 / -0.75%
Volume 9.3K
ACFC On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 5:20 PM 12/17/14 All times are local (Market data is delayed by at least 15 minutes).

atlantic coast financial cor (ACFC) Snapshot

Open
$3.99
Previous Close
$4.00
Day High
$3.99
Day Low
$3.97
52 Week High
01/9/14 - $4.69
52 Week Low
10/16/14 - $3.76
Market Cap
61.6M
Average Volume 10 Days
6.4K
EPS TTM
$-0.99
Shares Outstanding
15.5M
EX-Date
09/25/09
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ATLANTIC COAST FINANCIAL COR (ACFC)

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atlantic coast financial cor (ACFC) Details

Atlantic Coast Financial Corporation operates as the bank holding company for Atlantic Coast Bank that provides various banking services to individual and business customers primarily in northeastern Florida and southeastern Georgia. It offers deposit products, such as checking, savings, money market, demand deposit, and time deposit accounts, as well as certificates of deposit. The company’s loan portfolio include one- to four-family residential first and second mortgage, home-equity, commercial real estate, commercial and residential construction, multi-family real estate, commercial business, and automobile and other consumer loans. As of December 31, 2013, it operated 11 full-service offices. The company was founded in 1939 and is headquartered in Jacksonville, Florida.

128 Employees
Last Reported Date: 03/14/14
Founded in 1939

atlantic coast financial cor (ACFC) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $70.6K
Chief Risk Officer of Atlantic Coast Bank and...
Total Annual Compensation: $139.3K
Vice President of Atlantic Coast Bank and Con...
Total Annual Compensation: $89.9K
Compensation as of Fiscal Year 2013.

atlantic coast financial cor (ACFC) Key Developments

Atlantic Coast Financial Corporation Presents at 2014 FBR Fall Investor Conference, Dec-02-2014

Atlantic Coast Financial Corporation Presents at 2014 FBR Fall Investor Conference, Dec-02-2014 . Venue: Grand Hyatt New York, 109 East 42nd Street at Grand Central Station, New York, NY 10017, United States.

Atlantic Coast Financial Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Atlantic Coast Financial Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company’s net income improved to $0.5 million or $0.03 per diluted share, from a net loss of $0.9 million or $0.38 per diluted share for the year-earlier quarter. Net interest income was $4,523,000 compared to $3,824,000 a year ago. Net interest income after provision for portfolio loan losses was $4,257,000 compared to $2,538,000 a year ago. Income before income tax was $610,000 compared to loss before income tax of $929,000 a year ago. Return on average total assets was 0.26% compared to negative return on average total assets of 0.51% a year ago. Return on average stockholders' equity was 2.55% compared to negative return on average stockholders' equity of 12.36% a year ago. For the nine months, the company’s net income improved to $0.9 million or $0.06 per diluted share, against a net loss of $4.5 million or $1.81 per diluted share for the same period in 2013. Net interest income was $13,007,000 compared to $12,340,000 a year ago. Net interest income after provision for portfolio loan losses was $11,941,000 compared to $8,601,000 a year ago. Income before income tax was $1,134,000 compared to loss before income tax of $4,522,000 a year ago. Return on average total assets was 0.17% compared to negative return on average total assets of 0.81% a year ago. Return on average stockholders' equity was 1.69% compared to negative return on average stockholders' equity of 17.10% a year ago.

Atlantic Coast Financial Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Net Charge-Offs for the Second Quarter Ended June 30, 2014

Atlantic Coast Financial Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. Net income improved to $0.2 million or $0.02 per diluted share during the quarter ended June 30, 2014, from a net loss of $1.5 million or $0.62 per diluted share for the year-earlier quarter. Net interest income was $4,327,000 against $4,179,000 a year ago. Income before income tax expense was $270,000 against loss of $1,554,000 a year ago. Return on average total assets was 0.13% against negative return of 0.83% a year ago. Return on average stockholders' equity was 1.29% against negative return of 16.86% a year ago. Adjusted net income was $225,000 or $0.02 per diluted share against loss of $417,000 or $0.62 per diluted share a year ago. Net income improved to $0.4 million or $0.03 per diluted share for the six months ended June 30, 2014, versus a net loss of $3.6 million or $1.43 per diluted share and an adjusted net loss of $2.3 million or $0.91 per diluted share for the same period in 2013. Net interest income was $8,484,000 against $8,516,000 a year ago. Income before income tax expense was $524,000 against loss of $3,593,000 a year ago. Return on average total assets was 0.12% against negative return of 0.96% a year ago. Return on average stockholders' equity was 1.25% against negative return of 18.96% a year ago. Adjusted net income was $431,000 or $0.03 per diluted share against loss of $2,299,000 or $1.43 per diluted share a year ago. Net charge-offs were $0.3 million for the second quarter of 2014 against $1.8 million for the same period a year ago.

 

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ACFC

Industry Average

Valuation ACFC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.3x
Price/Book 0.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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