Atlantic Coast Finl (ACFC) 6.01 $ACFC
Atlantic Coast Financial Corporation Reports Earnings of $0.09 Per Diluted Share for the Second Quarter of 2016
BusinessWire - Wed Jul 27, 3:05PM CDT
Atlantic Coast Financial Corporation (Atlantic Coast or the Company)(NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the Bank), today reported earnings per diluted share of $0.09 for the second quarter of 2016 compared with earnings of $0.36 per share in the same quarter last year. Results for the year-earlier quarter included the positive impact of the reversal of a valuation allowance against the Company's deferred tax asset, which was partially offset by penalties associated with the early prepayment of some of the Company's wholesale debt. Together these transactions added approximately $0.34 to earnings per diluted share for the second quarter of 2015. Core earnings per diluted share increased 350% to $0.09 for the second quarter of 2016 compared with $0.02 for the second quarter of 2015, which excludes the impact of the transactions discussed above. Core earnings per diluted share is a non-GAAP financial measure, and a reconciliation of GAAP to non-GAAP financial measures is presented on page four.
ACFC: 6.01 (+0.01)
Atlantic Coast Financial Corporation Re-Elects Dave Bhasin and John J. Dolan
BusinessWire - Mon May 23, 9:35AM CDT
Atlantic Coast Financial Corporation (the Company) (NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the Bank), today reported on its 2016 annual meeting of stockholders. In formal business conducted at the meeting, stockholders re-elected two directors to three-year terms that expire with the 2019 annual meeting: Dave Bhasin, Chief Executive Officer of D.B. Concepts, Inc. and affiliated companies, which operates franchised restaurants throughout eastern Pennsylvania, and John J. Dolan, Chairman of the Board for the Company and the Bank and a Managing Member of Dolan Finance, LLC, which serves as general partner for Dolan Real Estate Finance, LP, a newly formed private investment fund that deals in financing short-term commercial real estate transactions.
CUBI: 25.50 (-0.24), ACFC: 6.01 (+0.01)
Atlantic Coast Financial posts 1Q profit
Automated Insights - Wed Apr 27, 4:07PM CDT
JACKSONVILLE, Fla. (AP) _ Atlantic Coast Financial Corp. (ACFC) on Wednesday reported net income of $1.5 million in its first quarter.
ACFC: 6.01 (+0.01)
Atlantic Coast Financial Corporation Reports Significantly Higher Earnings for the First Quarter of 2016
BusinessWire - Wed Apr 27, 3:06PM CDT
Atlantic Coast Financial Corporation (Atlantic Coast or the Company) (NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the Bank), today reported that earnings per diluted share increased to $0.10 for the first quarter ended March 31, 2016, from $0.03 for the first quarter last year.
ACFC: 6.01 (+0.01)
Nasdaq (NDAQ) Rewards Investors, Hikes Dividend by 28%
Zacks Equity Research - Zacks Investment Research - Fri Apr 01, 3:00PM CDT
The board of directors of Nasdaq, Inc (NDAQ) approved a 28% hike in the company's dividend.
AGII: 51.71 (-0.18), CME: 103.09 (+0.85), NDAQ: 71.42 (+0.66), ACFC: 6.01 (+0.01)
Atlantic Coast Financial Corporation Reports Record Earnings for 2015
BusinessWire - Wed Jan 27, 4:00PM CST
Atlantic Coast Financial Corporation ("Atlantic Coast" or the "Company"
(NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the "Bank", today reported earnings per diluted share of $0.50 for the year ended December 31, 2015, up from $0.09 for the year ended December 31, 2014. As previously reported, earnings for the full year 2015 included the impact of the reversal of a valuation allowance against the Company's deferred tax asset in June 2015, which positively affected the provision for income taxes by $8.5 million. This was partially offset by prepayment penalties totaling $5.2 million, pre-tax, associated with the prepayment of some of the Company's wholesale debt during June 2015. Additionally, 2015 earnings were impacted by a $0.5 million, pre-tax, write-down in December 2015 related to a contract the Company entered into to sell an other real estate owned ("OREO" property (the "OREO Write-down". The OREO Write-down included $0.2 million, pre-tax, related to the cost to sell the property, which is expected to close early in 2016.
ACFC: 6.01 (+0.01)
Equities on the Move - Research on Select Bancorp, Cumberland Pharmaceuticals, Howard Bancorp and Atlantic Coast Financial
ACCESSWIRE - Wed Dec 02, 7:40AM CST
NEW YORK, NY / ACCESSWIRE / December 2, 2015 / Moments ago, Trader's Choice released new research updates concerning several important developing situations including the following equities: Select Bancorp Inc (NASDAQ: SLCT), Cumberland Pharmaceuticals Inc (NASDAQ: CPIX), Howard Bancorp Inc (NASDAQ: HBMD) and Atlantic Coast Financial Corp (NASDAQ: ACFC). Trader's Choice has perfected the profitable art of picking stocks, cutting through the noise to deliver the top trade, every year. The full Research Packages are being made available to the public on a complimentary basis.
HBMD: 12.74 (-0.13), CPIX: 4.65 (-0.20), SLCT: 8.06 (-0.02), ACFC: 6.01 (+0.01)
Atlantic Coast Financial Corporation Expands Footprint in Florida, Agrees to Sell Its Branch in Garden City, Georgia
BusinessWire - Fri Nov 20, 5:05PM CST
Atlantic Coast Financial Corporation ("Atlantic Coast" or the "Company," NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the "Bank", today announced that the Company continues to expand its presence in Florida by opening commercial banking and mortgage origination offices in Orlando and Tampa. The Company recently reported year-over-year loan growth of 28%, reflecting ongoing efforts to extend the reach of its business, while strengthening existing client relationships.
ACFC: 6.01 (+0.01)
Atlantic Coast Financial Corporation Reports Strong Third Quarter Results
BusinessWire - Wed Oct 28, 3:05PM CDT
Atlantic Coast Financial Corporation (NASDAQ: ACFC):
ACFC: 6.01 (+0.01)
First Horizon Buys TrustAtlantic, Ups North Carolina Base
Zacks Equity Research - Zacks Investment Research - Tue Oct 06, 5:00PM CDT
Almost a year after the announcement of the deal, Tennessee-based First Horizon National Corporation (FHN) completed the acquisition of Raleigh, N.C.-based TrustAtlantic Financial Corp.
SFST: 26.10 (-0.96), BNCN: 24.50 (+0.24), FHN: 14.45 (-0.11), ACFC: 6.01 (+0.01)
ICE to Launch Units from 5 New Singapore Contracts
Zacks Equity Research - Zacks Investment Research - Wed Sep 09, 3:25PM CDT
Intercontinental Exchange, Inc. (ICE) announced that ICE Futures Singapore and ICE Clear Singapore will likely be launched with five new contracts on Nov 17, 2015.
CME: 103.09 (+0.85), CBOE: 68.42 (-0.38), ICE: 264.63 (+0.43), ACFC: 6.01 (+0.01)
CME Group's Fundamental and Inorganic Growth Impress
Zacks Equity Research - Zacks Investment Research - Wed Sep 09, 3:19PM CDT
We issued an updated research report on CME Group Inc. (CME) on Sep 9, 2015.
CME: 103.09 (+0.85), ACAS: 16.50 (+0.03), CBOE: 68.42 (-0.38), ACFC: 6.01 (+0.01)
Nasdaq's Balance Sheet Impresses, Stiff Competition Drags
Zacks Equity Research - Zacks Investment Research - Thu Sep 03, 3:46PM CDT
We issued an updated research report on The Nasdaq OMX Group, Inc. (NDAQ) on Sep 3, 2015.
AGO: 26.79 (unch), ACAS: 16.50 (+0.03), NDAQ: 71.42 (+0.66), ACFC: 6.01 (+0.01)
Regions Portrays Mixed Revenue Picture: Should You Hold?
Zacks Equity Research - Zacks Investment Research - Wed Aug 12, 4:05PM CDT
We issued an updated research report on Regions Financial Corporation (RF) on Aug 11, 2015. The company exhibits mixed prospects for revenue growth. However, it continues to target positive operating leverage in the near term, driven by prudent cost management.
LION: 17.26 (+0.05), CUBI: 25.50 (-0.24), ACFC: 6.01 (+0.01)
First Horizon's Loan Growth on Track; Time to Hold? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Aug 05, 1:10PM CDT
On Aug 4, 2015, we issued an updated research report on First Horizon National Corporation (FHN)
LION: 17.26 (+0.05), CUBI: 25.50 (-0.24), FHN: 14.45 (-0.11), ACFC: 6.01 (+0.01)
Zacks Industry Outlook Highlights: Atlantic Coast Financial, BNC Bancorp, Preferred Bank and Tristate Capital Holdings - Press Releases
Zacks Equity Research - Zacks Investment Research - Wed Aug 05, 8:30AM CDT
Zacks Industry Outlook Highlights: Atlantic Coast Financial, BNC Bancorp, Preferred Bank and Tristate Capital Holdings
TSC: 14.11 (-0.16), PFBC: 32.25 (-0.42), BNCN: 24.50 (+0.24), ACFC: 6.01 (+0.01)
Can the Uptrend Continue for Atlantic Coast Financial (ACFC)? - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Wed Aug 05, 3:17AM CDT
Can the Uptrend Continue for Atlantic Coast Financial (ACFC)?
ACFC: 6.01 (+0.01)
Bank Recoveries Gain Pace: Turning Point in Sight? - Industry Outlook
Kalyan Nandy - Zacks Investment Research - Tue Aug 04, 1:44PM CDT
Bank Recoveries Gain Pace: Turning Point in Sight? - Industry Outlook
PFBC: 32.25 (-0.42), TSC: 14.11 (-0.16), BOKF: 64.35 (-0.88), C: 43.42 (-0.39), BNCN: 24.50 (+0.24), BAC: 14.33 (-0.16), BK: 39.20 (-0.20), ACFC: 6.01 (+0.01)
Atlantic Coast Financial Corporation Reports Earnings of $0.09 Per Diluted Share for the Second Quarter of 2016
BusinessWire - Wed Jul 27, 3:05PM CDT
Atlantic Coast Financial Corporation (Atlantic Coast or the Company)(NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the Bank), today reported earnings per diluted share of $0.09 for the second quarter of 2016 compared with earnings of $0.36 per share in the same quarter last year. Results for the year-earlier quarter included the positive impact of the reversal of a valuation allowance against the Company's deferred tax asset, which was partially offset by penalties associated with the early prepayment of some of the Company's wholesale debt. Together these transactions added approximately $0.34 to earnings per diluted share for the second quarter of 2015. Core earnings per diluted share increased 350% to $0.09 for the second quarter of 2016 compared with $0.02 for the second quarter of 2015, which excludes the impact of the transactions discussed above. Core earnings per diluted share is a non-GAAP financial measure, and a reconciliation of GAAP to non-GAAP financial measures is presented on page four.
ACFC: 6.01 (+0.01)
Atlantic Coast Financial Corporation Re-Elects Dave Bhasin and John J. Dolan
BusinessWire - Mon May 23, 9:35AM CDT
Atlantic Coast Financial Corporation (the Company) (NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the Bank), today reported on its 2016 annual meeting of stockholders. In formal business conducted at the meeting, stockholders re-elected two directors to three-year terms that expire with the 2019 annual meeting: Dave Bhasin, Chief Executive Officer of D.B. Concepts, Inc. and affiliated companies, which operates franchised restaurants throughout eastern Pennsylvania, and John J. Dolan, Chairman of the Board for the Company and the Bank and a Managing Member of Dolan Finance, LLC, which serves as general partner for Dolan Real Estate Finance, LP, a newly formed private investment fund that deals in financing short-term commercial real estate transactions.
CUBI: 25.50 (-0.24), ACFC: 6.01 (+0.01)
Atlantic Coast Financial posts 1Q profit
Automated Insights - Wed Apr 27, 4:07PM CDT
JACKSONVILLE, Fla. (AP) _ Atlantic Coast Financial Corp. (ACFC) on Wednesday reported net income of $1.5 million in its first quarter.
ACFC: 6.01 (+0.01)
Atlantic Coast Financial Corporation Reports Significantly Higher Earnings for the First Quarter of 2016
BusinessWire - Wed Apr 27, 3:06PM CDT
Atlantic Coast Financial Corporation (Atlantic Coast or the Company) (NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the Bank), today reported that earnings per diluted share increased to $0.10 for the first quarter ended March 31, 2016, from $0.03 for the first quarter last year.
ACFC: 6.01 (+0.01)
Nasdaq (NDAQ) Rewards Investors, Hikes Dividend by 28%
Zacks Equity Research - Zacks Investment Research - Fri Apr 01, 3:00PM CDT
The board of directors of Nasdaq, Inc (NDAQ) approved a 28% hike in the company's dividend.
AGII: 51.71 (-0.18), CME: 103.09 (+0.85), NDAQ: 71.42 (+0.66), ACFC: 6.01 (+0.01)
Atlantic Coast Financial Corporation Reports Record Earnings for 2015
BusinessWire - Wed Jan 27, 4:00PM CST
Atlantic Coast Financial Corporation ("Atlantic Coast" or the "Company"
(NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the "Bank", today reported earnings per diluted share of $0.50 for the year ended December 31, 2015, up from $0.09 for the year ended December 31, 2014. As previously reported, earnings for the full year 2015 included the impact of the reversal of a valuation allowance against the Company's deferred tax asset in June 2015, which positively affected the provision for income taxes by $8.5 million. This was partially offset by prepayment penalties totaling $5.2 million, pre-tax, associated with the prepayment of some of the Company's wholesale debt during June 2015. Additionally, 2015 earnings were impacted by a $0.5 million, pre-tax, write-down in December 2015 related to a contract the Company entered into to sell an other real estate owned ("OREO" property (the "OREO Write-down". The OREO Write-down included $0.2 million, pre-tax, related to the cost to sell the property, which is expected to close early in 2016. ACFC: 6.01 (+0.01)
Equities on the Move - Research on Select Bancorp, Cumberland Pharmaceuticals, Howard Bancorp and Atlantic Coast Financial
ACCESSWIRE - Wed Dec 02, 7:40AM CST
NEW YORK, NY / ACCESSWIRE / December 2, 2015 / Moments ago, Trader's Choice released new research updates concerning several important developing situations including the following equities: Select Bancorp Inc (NASDAQ: SLCT), Cumberland Pharmaceuticals Inc (NASDAQ: CPIX), Howard Bancorp Inc (NASDAQ: HBMD) and Atlantic Coast Financial Corp (NASDAQ: ACFC). Trader's Choice has perfected the profitable art of picking stocks, cutting through the noise to deliver the top trade, every year. The full Research Packages are being made available to the public on a complimentary basis.
HBMD: 12.74 (-0.13), CPIX: 4.65 (-0.20), SLCT: 8.06 (-0.02), ACFC: 6.01 (+0.01)
Atlantic Coast Financial Corporation Expands Footprint in Florida, Agrees to Sell Its Branch in Garden City, Georgia
BusinessWire - Fri Nov 20, 5:05PM CST
Atlantic Coast Financial Corporation ("Atlantic Coast" or the "Company," NASDAQ: ACFC), the holding company for Atlantic Coast Bank (the "Bank"
, today announced that the Company continues to expand its presence in Florida by opening commercial banking and mortgage origination offices in Orlando and Tampa. The Company recently reported year-over-year loan growth of 28%, reflecting ongoing efforts to extend the reach of its business, while strengthening existing client relationships. ACFC: 6.01 (+0.01)
Atlantic Coast Financial Corporation Reports Strong Third Quarter Results
BusinessWire - Wed Oct 28, 3:05PM CDT
Atlantic Coast Financial Corporation (NASDAQ: ACFC):
ACFC: 6.01 (+0.01)
First Horizon Buys TrustAtlantic, Ups North Carolina Base
Zacks Equity Research - Zacks Investment Research - Tue Oct 06, 5:00PM CDT
Almost a year after the announcement of the deal, Tennessee-based First Horizon National Corporation (FHN) completed the acquisition of Raleigh, N.C.-based TrustAtlantic Financial Corp.
SFST: 26.10 (-0.96), BNCN: 24.50 (+0.24), FHN: 14.45 (-0.11), ACFC: 6.01 (+0.01)
ICE to Launch Units from 5 New Singapore Contracts
Zacks Equity Research - Zacks Investment Research - Wed Sep 09, 3:25PM CDT
Intercontinental Exchange, Inc. (ICE) announced that ICE Futures Singapore and ICE Clear Singapore will likely be launched with five new contracts on Nov 17, 2015.
CME: 103.09 (+0.85), CBOE: 68.42 (-0.38), ICE: 264.63 (+0.43), ACFC: 6.01 (+0.01)
CME Group's Fundamental and Inorganic Growth Impress
Zacks Equity Research - Zacks Investment Research - Wed Sep 09, 3:19PM CDT
We issued an updated research report on CME Group Inc. (CME) on Sep 9, 2015.
CME: 103.09 (+0.85), ACAS: 16.50 (+0.03), CBOE: 68.42 (-0.38), ACFC: 6.01 (+0.01)
Nasdaq's Balance Sheet Impresses, Stiff Competition Drags
Zacks Equity Research - Zacks Investment Research - Thu Sep 03, 3:46PM CDT
We issued an updated research report on The Nasdaq OMX Group, Inc. (NDAQ) on Sep 3, 2015.
AGO: 26.79 (unch), ACAS: 16.50 (+0.03), NDAQ: 71.42 (+0.66), ACFC: 6.01 (+0.01)
Regions Portrays Mixed Revenue Picture: Should You Hold?
Zacks Equity Research - Zacks Investment Research - Wed Aug 12, 4:05PM CDT
We issued an updated research report on Regions Financial Corporation (RF) on Aug 11, 2015. The company exhibits mixed prospects for revenue growth. However, it continues to target positive operating leverage in the near term, driven by prudent cost management.
LION: 17.26 (+0.05), CUBI: 25.50 (-0.24), ACFC: 6.01 (+0.01)
First Horizon's Loan Growth on Track; Time to Hold? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Aug 05, 1:10PM CDT
On Aug 4, 2015, we issued an updated research report on First Horizon National Corporation (FHN)
LION: 17.26 (+0.05), CUBI: 25.50 (-0.24), FHN: 14.45 (-0.11), ACFC: 6.01 (+0.01)
Zacks Industry Outlook Highlights: Atlantic Coast Financial, BNC Bancorp, Preferred Bank and Tristate Capital Holdings - Press Releases
Zacks Equity Research - Zacks Investment Research - Wed Aug 05, 8:30AM CDT
Zacks Industry Outlook Highlights: Atlantic Coast Financial, BNC Bancorp, Preferred Bank and Tristate Capital Holdings
TSC: 14.11 (-0.16), PFBC: 32.25 (-0.42), BNCN: 24.50 (+0.24), ACFC: 6.01 (+0.01)
Can the Uptrend Continue for Atlantic Coast Financial (ACFC)? - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Wed Aug 05, 3:17AM CDT
Can the Uptrend Continue for Atlantic Coast Financial (ACFC)?
ACFC: 6.01 (+0.01)
Bank Recoveries Gain Pace: Turning Point in Sight? - Industry Outlook
Kalyan Nandy - Zacks Investment Research - Tue Aug 04, 1:44PM CDT
Bank Recoveries Gain Pace: Turning Point in Sight? - Industry Outlook
PFBC: 32.25 (-0.42), TSC: 14.11 (-0.16), BOKF: 64.35 (-0.88), C: 43.42 (-0.39), BNCN: 24.50 (+0.24), BAC: 14.33 (-0.16), BK: 39.20 (-0.20), ACFC: 6.01 (+0.01)
