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Atlantic Coast Financial Corp (ACFC) Files 10-K for the Fiscal Year Ended on December 31, 2017

March 16, 2018 | About:

Atlantic Coast Financial Corp (NASDAQ:ACFC) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017. Atlantic Coast Financial Corp is a thrift holding company, which through its subsidiary, Atlantic Coast Bank provides banking services to individual and corporate customers mainly Georgia and Florida. Atlantic Coast Financial Corp has a market cap of $168.690 million; its shares were traded at around $10.89 with a P/E ratio of 51.85 and P/S ratio of 4.87.

For the last quarter Atlantic Coast Financial Corp reported a revenue of $8.49 million, compared with the revenue of $9.06 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $34.0 million, a decrease of 4.9% from the previous year. For the last five years Atlantic Coast Financial Corp had an average revenue growth rate of 6.7% a year.

The reported diluted earnings per share was 21 cents for the year, a decline of 50% from the previous year. The Atlantic Coast Financial Corp had a decent operating margin of 22.74%, compared with the operating margin of 28.14% a year before. The 10-year historical median operating margin of Atlantic Coast Financial Corp is -20.00%. The profitability rank of the company is 1 (out of 10).

At the end of the fiscal year, Atlantic Coast Financial Corp has the cash and cash equivalents of $50.4 million, compared with $59.9 million in the previous year. The long term debt was $213.5 million, compared with $188.8 million in the previous year. The company's operating income of cannot cover its interest payment during the last fiscal year. Atlantic Coast Financial Corp has a financial strength rank of 4 (out of 10).

At the current stock price of $10.89, Atlantic Coast Financial Corp is traded at 214.7% premium to its historical median P/S valuation band of $3.46. The P/S ratio of the stock is 4.87, while the historical median P/S ratio is 1.55. The stock gained 41.29% during the past 12 months.

For the complete 20-year historical financial data of ACFC, click here.


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