$0.26 EPS Expected for Atlantic Capital Bancshares Inc (ACBI) This Quarter

Wall Street analysts predict that Atlantic Capital Bancshares Inc (NASDAQ:ACBI) will report $0.26 earnings per share for the current quarter, Zacks reports. Three analysts have provided estimates for Atlantic Capital Bancshares’ earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.25. Atlantic Capital Bancshares reported earnings per share of $0.16 in the same quarter last year, which would suggest a positive year over year growth rate of 62.5%. The firm is scheduled to announce its next quarterly earnings results 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 business will report earnings of $1.12 per share, with EPS estimates ranging from $1.10 to $1.15. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Atlantic Capital Bancshares.

Atlantic Capital Bancshares (NASDAQ:ACBI) last issued its quarterly earnings data on Wednesday, July 25th. The bank reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. Atlantic Capital Bancshares had a net margin of 1.60% and a return on equity of 6.14%. The company had revenue of $27.35 million for the quarter, compared to analysts’ expectations of $26.47 million.

ACBI has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Atlantic Capital Bancshares from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Wednesday, July 11th. BidaskClub cut shares of Atlantic Capital Bancshares from a “sell” rating to a “strong sell” rating in a research report on Friday, September 7th. ValuEngine raised shares of Atlantic Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, August 20th. Finally, TheStreet cut shares of Atlantic Capital Bancshares from a “b” rating to a “c+” rating in a research report on Thursday, August 30th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $19.75.

In other news, insider Kurt A. Shreiner sold 2,500 shares of the company’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $17.93, for a total transaction of $44,825.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 3.40% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in ACBI. Federated Investors Inc. PA raised its holdings in shares of Atlantic Capital Bancshares by 158.4% during the first quarter. Federated Investors Inc. PA now owns 7,853 shares of the bank’s stock valued at $142,000 after purchasing an additional 4,814 shares during the period. California Public Employees Retirement System raised its holdings in shares of Atlantic Capital Bancshares by 26.7% during the first quarter. California Public Employees Retirement System now owns 23,134 shares of the bank’s stock valued at $419,000 after purchasing an additional 4,876 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Atlantic Capital Bancshares by 27.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 418,950 shares of the bank’s stock worth $7,583,000 after acquiring an additional 89,867 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Atlantic Capital Bancshares by 68.5% in the 1st quarter. Stifel Financial Corp now owns 72,332 shares of the bank’s stock worth $1,313,000 after acquiring an additional 29,411 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in shares of Atlantic Capital Bancshares in the 1st quarter worth about $199,000. Hedge funds and other institutional investors own 83.83% of the company’s stock.

Shares of Atlantic Capital Bancshares stock traded up $0.05 during trading on Monday, hitting $17.03. The company’s stock had a trading volume of 720 shares, compared to its average volume of 90,728. 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 32.13 and a beta of 0.60. Atlantic Capital Bancshares has a 52 week low of $15.20 and a 52 week 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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Earnings History and Estimates for Atlantic Capital Bancshares (NASDAQ:ACBI)

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