Atlantic Capital Bancshares (ACBI) Getting Somewhat Favorable Media Coverage, Study Finds
News headlines about Atlantic Capital Bancshares (NASDAQ:ACBI) have been trending somewhat positive on Wednesday, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Atlantic Capital Bancshares earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 45.9018417180156 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Atlantic Capital Bancshares (NASDAQ:ACBI) traded up 0.30% during mid-day trading on Wednesday, reaching $16.95. 92,949 shares of the company traded hands. Atlantic Capital Bancshares has a 52-week low of $13.80 and a 52-week high of $20.20. The stock has a market capitalization of $434.95 million, a PE ratio of 33.83 and a beta of 1.04. The stock has a 50-day moving average of $18.34 and a 200 day moving average of $18.65.
Atlantic Capital Bancshares (NASDAQ:ACBI) last released its quarterly earnings data on Friday, July 28th. The bank reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. Atlantic Capital Bancshares had a net margin of 12.18% and a return on equity of 4.45%. The company had revenue of $26 million during the quarter, compared to analyst estimates of $25.10 million. Equities research analysts expect that Atlantic Capital Bancshares will post $0.68 earnings per share for the current year.
A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods set a $20.00 price target on shares of Atlantic Capital Bancshares and gave the company a “hold” rating in a research report on Friday, August 18th. Zacks Investment Research lowered shares of Atlantic Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. BidaskClub lowered shares of Atlantic Capital Bancshares from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Finally, Gabelli started coverage on shares of Atlantic Capital Bancshares in a research report on Wednesday, June 14th. They set a “buy” rating and a $23.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $21.67.
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In related news, major shareholder Stone Point Capital Llc sold 3,109,127 shares of the firm’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.60% of the stock is owned by corporate insiders.
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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