Equities research analysts predict that Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) will report $0.16 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Atlantic Capital Bancshares’ earnings, with the lowest EPS estimate coming in at $0.16 and the highest estimate coming in at $0.17. Atlantic Capital Bancshares posted earnings per share of $0.09 during the same quarter last year, which indicates a positive year over year growth rate of 77.8%. The business is expected to issue its next earnings results on Friday, January 26th.
On average, analysts expect that Atlantic Capital Bancshares will report full year earnings of $0.61 per share for the current financial year, with EPS estimates ranging from $0.60 to $0.62. For the next financial year, analysts anticipate that the company will post earnings of $0.79 per share, with EPS estimates ranging from $0.70 to $0.84. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover Atlantic Capital Bancshares.
Atlantic Capital Bancshares (NASDAQ:ACBI) last announced its quarterly earnings data on Friday, October 27th. The bank reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.03). The business had revenue of $23.77 million during the quarter, compared to analysts’ expectations of $26.19 million. Atlantic Capital Bancshares had a return on equity of 4.39% and a net margin of 12.34%.
A number of brokerages have weighed in on ACBI. Keefe, Bruyette & Woods restated a “hold” rating and issued a $20.00 price objective on shares of Atlantic Capital Bancshares in a report on Wednesday, October 4th. Zacks Investment Research cut shares of Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Finally, BidaskClub cut shares of Atlantic Capital Bancshares from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Atlantic Capital Bancshares currently has an average rating of “Hold” and an average target price of $21.67.
Shares of Atlantic Capital Bancshares (ACBI) opened at $16.50 on Wednesday. The firm has a market cap of $421.94, a PE ratio of 29.82, a price-to-earnings-growth ratio of 1.23 and a beta of 0.91. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.54. Atlantic Capital Bancshares has a fifty-two week low of $15.20 and a fifty-two week high of $20.20.
In other news, major shareholder Stone Point Capital Llc sold 3,109,127 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $16.50, for a total transaction of $51,300,595.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.10% of the company’s stock.
Large investors have recently bought and sold shares of the company. Legal & General Group Plc grew its holdings in shares of Atlantic Capital Bancshares by 11.4% during the second quarter. Legal & General Group Plc now owns 5,954 shares of the bank’s stock valued at $114,000 after buying an additional 611 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Atlantic Capital Bancshares during the third quarter valued at approximately $133,000. Principal Financial Group Inc. purchased a new stake in shares of Atlantic Capital Bancshares during the second quarter valued at approximately $201,000. American International Group Inc. grew its holdings in shares of Atlantic Capital Bancshares by 7.0% during the first quarter. American International Group Inc. now owns 10,661 shares of the bank’s stock valued at $202,000 after buying an additional 702 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Atlantic Capital Bancshares by 5.8% during the first quarter. Bank of America Corp DE now owns 10,900 shares of the bank’s stock valued at $206,000 after buying an additional 598 shares during the last quarter. Hedge funds and other institutional investors own 68.97% of the company’s stock.
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Atlantic Capital Bancshares Company Profile
Atlantic Capital Bancshares, Inc is the bank holding company for Atlantic Capital Bank (the Bank). The Bank operates as a commercial bank. The Bank provides an array of credit, treasury management and deposit products and services to growth businesses, middle market corporations, commercial real estate developers and investors, and private clients.
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