Equities research analysts expect Atlantic Capital Bancshares Inc (NASDAQ:ACBI) to post $0.26 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Atlantic Capital Bancshares’ earnings, with estimates ranging from $0.25 to $0.27. Atlantic Capital Bancshares posted earnings per share of $0.16 in the same quarter last year, which would indicate a positive year over year growth rate of 62.5%. The business is scheduled to issue its next quarterly earnings report after the market closes on Thursday, October 25th.
On average, analysts expect that Atlantic Capital Bancshares will report full year earnings of $1.00 per share for the current year, with EPS estimates ranging from $0.90 to $1.06. For the next financial year, analysts forecast that the company will post earnings of $1.12 per share, with EPS estimates ranging from $1.10 to $1.15. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Atlantic Capital Bancshares.
Atlantic Capital Bancshares (NASDAQ:ACBI) last posted its earnings results on Wednesday, July 25th. The bank reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. The company had revenue of $27.35 million during the quarter, compared to analysts’ expectations of $26.47 million. Atlantic Capital Bancshares had a return on equity of 6.14% and a net margin of 1.60%.
Several research firms have issued reports on ACBI. Zacks Investment Research cut Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, June 27th. BidaskClub raised Atlantic Capital Bancshares from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 6th. Keefe, Bruyette & Woods reissued a “neutral” rating on shares of Atlantic Capital Bancshares in a research note on Friday, July 27th. Finally, ValuEngine cut Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, July 28th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $19.00.
In other Atlantic Capital Bancshares news, insider Kurt A. Shreiner sold 2,500 shares of the firm’s stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $17.93, for a total transaction of $44,825.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.40% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Laurion Capital Management LP acquired a new stake in shares of Atlantic Capital Bancshares in the second quarter valued at $1,616,000. Citadel Advisors LLC grew its stake in shares of Atlantic Capital Bancshares by 157.1% in the second quarter. Citadel Advisors LLC now owns 74,885 shares of the bank’s stock valued at $1,471,000 after buying an additional 45,761 shares in the last quarter. Teton Advisors Inc. grew its stake in shares of Atlantic Capital Bancshares by 2.4% in the second quarter. Teton Advisors Inc. now owns 256,308 shares of the bank’s stock valued at $5,036,000 after buying an additional 6,000 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Atlantic Capital Bancshares by 10.1% in the second quarter. Russell Investments Group Ltd. now owns 227,248 shares of the bank’s stock valued at $4,465,000 after buying an additional 20,900 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in shares of Atlantic Capital Bancshares in the first quarter valued at $199,000. 83.83% of the stock is owned by institutional investors and hedge funds.
ACBI stock traded up $0.16 during midday trading on Monday, hitting $15.91. 69,100 shares of the company’s stock were exchanged, compared to its average volume of 92,061. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.63. The stock has a market cap of $437.24 million, a price-to-earnings ratio of 29.53 and a beta of 0.60. Atlantic Capital Bancshares has a 1-year low of $15.20 and a 1-year high of $21.60.
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.
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