Headlines about Atlantic Capital Bancshares (NASDAQ:ACBI) have been trending somewhat positive on Wednesday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Atlantic Capital Bancshares earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 46.7529408034936 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Several research firms have weighed in on ACBI. TheStreet downgraded shares of Atlantic Capital Bancshares from a “b” rating to a “c+” rating in a research report on Thursday, August 30th. BidaskClub downgraded shares of Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, August 29th. ValuEngine raised shares of Atlantic Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, August 20th. Zacks Investment Research downgraded shares of Atlantic Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 30th. Finally, Keefe, Bruyette & Woods reissued a “neutral” rating on shares of Atlantic Capital Bancshares in a research report on Friday, July 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $19.75.
ACBI stock opened at $18.10 on Wednesday. The firm has a market capitalization of $476.40 million, a PE ratio of 34.15 and a beta of 0.56. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.63. Atlantic Capital Bancshares has a 12 month low of $15.20 and a 12 month high of $21.60.
Atlantic Capital Bancshares (NASDAQ:ACBI) last released its quarterly earnings data on Wednesday, July 25th. The bank reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. The business had revenue of $27.35 million for the quarter, compared to the consensus estimate of $26.47 million. Atlantic Capital Bancshares had a net margin of 1.60% and a return on equity of 6.14%. research analysts expect that Atlantic Capital Bancshares will post 1 EPS for the current fiscal year.
In other news, insider Kurt A. Shreiner sold 2,500 shares of the company’s stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $19.78, for a total value of $49,450.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Gary G. Fleming, Jr. sold 2,420 shares of the company’s stock in a transaction on Monday, June 11th. The shares were sold at an average price of $20.98, for a total transaction of $50,771.60. The disclosure for this sale can be found here. Insiders sold a total of 9,420 shares of company stock worth $185,247 over the last ninety days. Insiders own 3.40% of the company’s stock.
Atlantic Capital Bancshares Company Profile
Atlantic Capital Bancshares, Inc operates as the holding company for Atlantic Capital Bank, N.A. that provides commercial banking products and services in the United States. The company offers NOW, money market, savings, checking, time, Internet and brokered, and demand deposits; working capital and equipment loans, loans supported by owner-occupied real estate, revolving lines of credit, term loans, letters of credit, installment and term loans, and home equity lines of credit; residential mortgage loans; and commercial real estate loans, including secured construction loans, secured mini-permanent loans, and secured or unsecured lines of credit.
Further Reading: Earnings Per Share
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