PL Capital Advisors LLC Has $7.96 Million Stake in Atlantic Coast Financial Corporation (ACFC)

PL Capital Advisors LLC raised its stake in Atlantic Coast Financial Corporation (NASDAQ:ACFC) by 0.5% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,014,694 shares of the bank’s stock after buying an additional 5,032 shares during the period. Atlantic Coast Financial Corporation comprises 2.1% of PL Capital Advisors LLC’s holdings, making the stock its 14th largest position. PL Capital Advisors LLC owned 0.07% of Atlantic Coast Financial Corporation worth $7,955,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. EJF Capital LLC boosted its stake 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 valued at $6,964,000 after buying an additional 9,253 shares during the period. Renaissance Technologies LLC boosted its stake 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 valued at $1,938,000 after buying an additional 15,200 shares during the period. Salzhauer Michael boosted its stake in shares of Atlantic Coast Financial Corporation by 48.2% in the second quarter. Salzhauer Michael now owns 155,595 shares of the bank’s stock valued at $1,220,000 after buying an additional 50,595 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Atlantic Coast Financial Corporation by 6.6% in the first quarter. Dimensional Fund Advisors LP now owns 114,978 shares of the bank’s stock valued at $876,000 after buying an additional 7,155 shares during the period. Institutional investors and hedge funds own 48.36% of the company’s stock.

Shares of Atlantic Coast Financial Corporation (ACFC) opened at 7.90 on Thursday. Atlantic Coast Financial Corporation has a 52 week low of $5.91 and a 52 week high of $8.35. The firm has a 50-day moving average of $7.87 and a 200 day moving average of $7.73. The firm has a market cap of $122.08 million, a PE ratio of 19.75 and a beta of 1.12.

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ACFC has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Atlantic Coast Financial Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 3rd. FBR & Co cut shares of Atlantic Coast Financial Corporation from an “outperform” rating to a “market perform” rating and set a $8.50 price objective for the company. in a research note on Friday, June 9th.

About Atlantic Coast Financial Corporation

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.

Want to see what other hedge funds are holding ACFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atlantic Coast Financial Corporation (NASDAQ:ACFC).

Institutional Ownership by Quarter for Atlantic Coast Financial Corporation (NASDAQ:ACFC)

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