Current Happenings in Financial Services Sector: Special Research on Asta Funding, Athens Bancshares, Atlantic American, Atlantic Coast Financial, and Atlanticus Holdings

NEW YORK, February 3, 2015 /PRNewswire/ --

Moments ago, Analysts Review released new research updates concerning several important developing situations including Asta Funding (NASDAQ: ASFI), Athens Bancshares (NASDAQ: AFCB), Atlantic American (NASDAQ: AAME), Atlantic Coast Financial (NASDAQ: ACFC), and Atlanticus Holdings (NASDAQ: ATLC). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.

To access our full PDF reports on a complementary basis, please visit the links below.

--

Today's update concerns the following companies:

============

Full PDF Download Links (you may have to copy and paste the following links into your browser):

ASFI Research Report: ( http://get.analystsreview.com/pdf/?c=Asta%20Funding&d=03-Feb-2015&s=ASFI ),

AFCB Research Report: ( http://get.analystsreview.com/pdf/?c=Athens%20Bancshares&d=03-Feb-2015&s=AFCB ),

AAME Research Report: ( http://get.analystsreview.com/pdf/?c=Atlantic%20American&d=03-Feb-2015&s=AAME ),

ACFC Research Report: ( http://get.analystsreview.com/pdf/?c=Atlantic%20Coast%20Financial&d=03-Feb-2015&s=ACFC ),

ATLC Research Report: ( http://get.analystsreview.com/pdf/?c=Atlanticus%20Holdings&d=03-Feb-2015&s=ATLC ).

============

--

Analyst Update: Regulatory Notifications, Dividends,Quarterly Results, Board Elections, and Loan Agreements

Reviewed by: Rohit Tuli, CFA®  

The U.S. stocks ended higher on Monday helped by a late-session rally in the energy shares which also offset a fresh set of disappointing economic data. The Dow Jones Industrial Average rose 1.14% to close at 17,361.04, the S&P 500 increased 1.30% to close at 2,020.85, and the Nasdaq Composite gained 0.89% to end at 4,676.69. Energy shares led the advance, with the S&P 500 energy sector ending up nearly 3% following rise in the crude oil prices. Disappointing data on consumer spending and the manufacturing sector released on Monday weighed on the market early in the session. The European stocks ended on a mixed note on Monday amid continued uncertainty over Greece's debt negotiations and rising worries over the health of global economies. The pan-European Euro Stoxx 600 Index closed largely flat. In Asia, markets were mostly under pressure after fresh data raised concerns over China's manufacturing sector.

Asta Funding, Inc. (Asta Funding) has received a staff determination letter from the Nasdaq stating that the Company was not in compliance with Nasdaq's rules for continued listing, Rule 4310(c)(14), as it has not timely filed its Annual Report on Form 10-K for the year ended September 30, 2014.

Athens Bancshares Corporation's (Athens Bancshares) Board of Directors has declared a quarterly cash dividend of $0.05 per outstanding share of common stock. The dividend will be paid on or about February 20, 2015 to stockholders of record as of the close of business on February 2, 2015.

Atlantic American Corporation (Atlantic American) announced the appointment of Joseph M. Scheerer to the Company's Board of Directors, effective December 8, 2014. Mr. Scheerer serves as the Principal and Managing Director of a New York based merchant banking firm - Stonybrook Capital.

Atlantic Coast Financial Corporation (Atlantic Coast Financial) reported net income of $0.5 million or $0.03 per diluted share for Q3 2014, compared to a net loss of $0.9 million or $0.38 per diluted share for Q3 2013. Non-performing assets reduced 63% to $9.4 million or 1.31% of total assets at September 30, 2014, from $25.1 million or 3.51% of total assets at September 30, 2013.

Atlanticus Holdings Corporation (Atlanticus Holdings) and certain of its subsidiaries have entered into a Loan and Security Agreement with Dove Ventures, LLC, a Nevada limited liability company. The Agreement provides for a senior secured term loan facility in an amount of up to $40.0 million.

--

About Analysts Review  

At Analysts Review, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Analysts Review comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

Analysts Review was designed for investors. By providing the best information available, we have set ourselves apart as one of the premier online investor communities.

--

Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.

Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

Further Resources: For more information about this release including editorial notes, compliance procedures and legal disclosures, please visit: http://www.analystsreview.com/editors

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Analysts Review

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED