Atlantic Coast Financial Corporation (ACFC) : Traders are bullish on Atlantic Coast Financial Corporation (ACFC) as it has outperformed the S&P 500 by a wide margin of 1.27% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.71%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.68% in the last 1 week, and is up 1.66% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Atlantic Coast Financial Corporation has dropped 2.69% during the last 3-month period . Year-to-Date the stock performance stands at 4.78%. The stock has recorded a 20-day Moving Average of 2.16% and the 50-Day Moving Average is 1.99%.
Atlantic Coast Financial Corporation (NASDAQ:ACFC): The stock opened at $6.14 on Friday but the bulls could not build on the opening and the stock topped out at $6.23 for the day. The stock traded down to $6.14 during the day, due to lack of any buying support eventually closed down at $6.14 with a loss of -0.81% for the day. The stock had closed at $6.19 on the previous day. The total traded volume was 13,217 shares.
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.