Atlantic Coast Federal, Carolina Bank Holdings: Early Volume Plays

Atlantic Coast Federal is one of several bank stocks trading near $5 poised to move on above-average volume during Monday's session.
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NEW YORK (

TheStreet

) --

Atlantic Coast Federal

(ACFC)

was among several small cap regional bank stocks trading near $5 poised to move on above-average volume Monday after reporting quarterly earnings results.

Atlantic Coast Federal

posted a second-quarter loss of 21 cents a share, which was wider than the average estimate for a 17-cent-a-share loss.

Atlantic Coast Federal shares closed Friday at $2.75. Shares of the Georgia bank are up more than 80% in 2010. The 50-day average daily volume for Atlantic Coast Federal is 11,400, according to the

Nasdaq

.

Elsewhere,

Carolina Bank Holdings

(CLBH)

said late Friday that it broke even on a per-share basis in the first quarter, compared with a year-ago profit of 12 cents a share and the lone analyst target for earnings of 15 cents a share.

Carolina Bank

shares finished Friday at $4.50, and are up nearly 40% so far this year. The 50-day average daily volume for is 6,500.

Community Shores Bank

(CSHB)

saw its first-quarter loss widen to 30 cents a share from a year-ago loss of 18 cents a share. Shares closed Friday at $1.46. The 50-day average daily volume for Community Shores Bank is 5,700.

Carrollton Bancorp

(CRRB)

also reported quarterly results late Friday, saying its first-quarter loss shrank to 10 cents a share from a year-ago loss of 17 cents a share. Non-performing loans and real estate owned were up from the year-ago quarter, the bank said.

Carrollton Bancorp shares closed Friday at $5.12. The 50-day average daily volume for is 1,400.

-- Written by Robert Holmes in Boston

.

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