Brokerages Expect Atlantic Capital Bancshares Inc (ACBI) to Announce $0.27 Earnings Per Share

Analysts expect Atlantic Capital Bancshares Inc (NASDAQ:ACBI) to report earnings of $0.27 per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Atlantic Capital Bancshares’ earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.25. Atlantic Capital Bancshares posted earnings per share of $0.08 in the same quarter last year, which indicates a positive year over year growth rate of 237.5%. The company is scheduled to issue its next earnings report on Monday, February 4th.

According to Zacks, analysts expect that Atlantic Capital Bancshares will report full-year earnings of $1.01 per share for the current fiscal year, with EPS estimates ranging from $0.95 to $1.03. For the next fiscal year, analysts anticipate that the business will report earnings of $1.31 per share, with EPS estimates ranging from $1.29 to $1.34. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Atlantic Capital Bancshares.

Atlantic Capital Bancshares (NASDAQ:ACBI) last released its quarterly earnings data on Thursday, October 25th. The bank reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The firm had revenue of $25.63 million for the quarter, compared to analyst estimates of $26.92 million. Atlantic Capital Bancshares had a net margin of 3.55% and a return on equity of 6.95%.

A number of analysts have weighed in on ACBI shares. BidaskClub raised Atlantic Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. Keefe, Bruyette & Woods reaffirmed a “neutral” rating on shares of Atlantic Capital Bancshares in a research report on Friday, July 27th. ValuEngine raised Atlantic Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, August 20th. TheStreet cut Atlantic Capital Bancshares from a “b” rating to a “c+” rating in a research report on Thursday, August 30th. Finally, Zacks Investment Research cut Atlantic Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 30th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Atlantic Capital Bancshares currently has an average rating of “Buy” and a consensus target price of $19.40.

Several large investors have recently made changes to their positions in the business. BlackRock Inc. lifted its position in shares of Atlantic Capital Bancshares by 26.1% during the 2nd quarter. BlackRock Inc. now owns 1,350,628 shares of the bank’s stock worth $26,540,000 after purchasing an additional 279,444 shares during the last quarter. Advisory Research Inc. lifted its position in shares of Atlantic Capital Bancshares by 45.9% during the 3rd quarter. Advisory Research Inc. now owns 731,885 shares of the bank’s stock worth $12,259,000 after purchasing an additional 230,300 shares during the last quarter. Comerica Bank acquired a new position in shares of Atlantic Capital Bancshares during the 2nd quarter worth about $3,516,000. Synovus Financial Corp lifted its position in shares of Atlantic Capital Bancshares by 138.5% during the 3rd quarter. Synovus Financial Corp now owns 220,307 shares of the bank’s stock worth $3,691,000 after purchasing an additional 127,949 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Atlantic Capital Bancshares by 26.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 527,670 shares of the bank’s stock worth $10,369,000 after purchasing an additional 108,720 shares during the last quarter. 85.48% of the stock is owned by institutional investors.

ACBI traded up $0.01 during trading on Friday, reaching $17.98. 53,901 shares of the stock traded hands, compared to its average volume of 120,703. The stock has a market cap of $469.16 million, a price-to-earnings ratio of 33.92, a PEG ratio of 0.70 and a beta of 0.77. Atlantic Capital Bancshares has a fifty-two week low of $14.44 and a fifty-two week high of $21.60. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41.

About Atlantic Capital Bancshares

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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