Analysts expect Atlantic Capital Bancshares Inc (NASDAQ:ACBI) to report earnings per share (EPS) of $0.26 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 $0.25 and the highest estimate coming in at $0.27. Atlantic Capital Bancshares posted earnings of $0.16 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 62.5%. The company is expected to issue its next quarterly earnings results after the market closes on Thursday, October 25th.

According to Zacks, 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 fiscal year, analysts anticipate that the company 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 analysts that that provide coverage for Atlantic Capital Bancshares.

Atlantic Capital Bancshares (NASDAQ:ACBI) last posted its earnings results on Wednesday, July 25th. The bank reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $27.35 million during the quarter, compared to analyst estimates of $26.47 million.

A number of research analysts recently weighed in on the stock. BidaskClub raised shares of Atlantic Capital Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. TheStreet lowered shares of Atlantic Capital Bancshares from a “b” rating to a “c+” rating in a report on Thursday, August 30th. Zacks Investment Research lowered shares of Atlantic Capital Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, July 30th. ValuEngine lowered shares of Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, July 28th. Finally, Keefe, Bruyette & Woods reissued a “neutral” rating on shares of Atlantic Capital Bancshares in a report on Friday, July 27th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $19.00.

Shares of ACBI stock traded down $0.13 on Monday, reaching $15.75. The company’s stock had a trading volume of 110,943 shares, compared to its average volume of 92,177. Atlantic Capital Bancshares has a 1 year low of $15.20 and a 1 year high of $21.60. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $437.24 million, a PE ratio of 29.72 and a beta of 0.60.

In related news, insider Kurt A. Shreiner sold 2,500 shares of the firm’s stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $17.93, for a total value of $44,825.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.40% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of ACBI. SG Americas Securities LLC bought a new stake in Atlantic Capital Bancshares in the second quarter worth $102,000. Federated Investors Inc. PA lifted its position in Atlantic Capital Bancshares by 158.4% in the first quarter. Federated Investors Inc. PA now owns 7,853 shares of the bank’s stock worth $142,000 after buying an additional 4,814 shares during the last quarter. Principal Financial Group Inc. bought a new stake in Atlantic Capital Bancshares in the first quarter worth $199,000. Voya Investment Management LLC bought a new stake in Atlantic Capital Bancshares in the second quarter worth $226,000. Finally, Marshall Wace LLP bought a new stake in Atlantic Capital Bancshares in the second quarter worth $235,000. Institutional investors own 83.83% of the company’s stock.

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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