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Atlantic Coast Financial (NASDAQ:ACFC) Director Kevin G. Champagne purchased 2,000 shares of the company’s stock in a transaction dated Thursday, August 28th. The stock was purchased at an average cost of $4.15 per share, with a total value of $8,300.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $20,750. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Atlantic Coast Financial (NASDAQ:ACFC) traded up 0.24% during mid-day trading on Monday, hitting $4.16. 3,437 shares of the company’s stock traded hands. Atlantic Coast Financial has a 52-week low of $3.00 and a 52-week high of $4.69. The stock’s 50-day moving average is $4.12 and its 200-day moving average is $4.11. The company’s market cap is $64.2 million.

Atlantic Coast Financial (NASDAQ:ACFC) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. On average, analysts predict that Atlantic Coast Financial will post $0.11 earnings per share for the current fiscal year.

Atlantic Coast Financial Corporation, formerly Atlantic Coast Federal Corporation is a holding company.

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