Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Atlantic Capital Bancshares (ACBI) Share Price
Media headlines about Atlantic Capital Bancshares (NASDAQ:ACBI) have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Atlantic Capital Bancshares earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave media stories about the bank an impact score of 46.1313974282477 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Atlantic Capital Bancshares (NASDAQ:ACBI) opened at $16.60 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54. Atlantic Capital Bancshares has a twelve month low of $15.20 and a twelve month high of $20.20. The company has a market capitalization of $433.52, a PE ratio of 30.64, a P/E/G ratio of 1.26 and a beta of 0.94.
Atlantic Capital Bancshares (NASDAQ:ACBI) last announced its quarterly earnings results on Friday, October 27th. The bank reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.03). The company had revenue of $23.77 million for the quarter, compared to analysts’ expectations of $26.19 million. Atlantic Capital Bancshares had a net margin of 12.34% and a return on equity of 4.39%. analysts expect that Atlantic Capital Bancshares will post 0.61 EPS for the current fiscal year.
A number of equities research analysts recently weighed in on the company. BidaskClub downgraded Atlantic Capital Bancshares from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Keefe, Bruyette & Woods set a $20.00 price target on Atlantic Capital Bancshares and gave the stock a “hold” rating in a report on Friday, August 18th. Finally, Zacks Investment Research downgraded Atlantic Capital Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $21.67.
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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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