Atlantic Capital Bancshares (ACBI) Earns Coverage Optimism Rating of 0.05
News stories about Atlantic Capital Bancshares (NASDAQ:ACBI) have been trending somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Atlantic Capital Bancshares earned a news impact score of 0.05 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 45.6553138996079 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
ACBI has been the topic of several research reports. Gabelli initiated coverage on shares of Atlantic Capital Bancshares in a report on Wednesday, June 14th. They set a “buy” rating and a $23.00 price objective on the stock. Zacks Investment Research lowered shares of Atlantic Capital Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th. Keefe, Bruyette & Woods set a $20.00 price target on shares of Atlantic Capital Bancshares and gave the stock a “hold” rating in a report on Friday, August 18th. Finally, BidaskClub lowered shares of Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $21.67.
Atlantic Capital Bancshares (NASDAQ:ACBI) traded up 0.29% during trading on Tuesday, reaching $17.20. 36,937 shares of the company’s stock traded hands. The company has a market cap of $441.37 million, a PE ratio of 34.33 and a beta of 1.04. The company has a 50 day moving average price of $18.19 and a 200-day moving average price of $18.61. Atlantic Capital Bancshares has a 12-month low of $13.80 and a 12-month high of $20.20.
Atlantic Capital Bancshares (NASDAQ:ACBI) last announced its quarterly earnings data on Friday, July 28th. The bank reported $0.17 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.17. Atlantic Capital Bancshares had a net margin of 16.79% and a return on equity of 5.51%. The company had revenue of $26.00 million for the quarter, compared to the consensus estimate of $25.10 million. On average, equities research analysts forecast that Atlantic Capital Bancshares will post $0.68 EPS for the current fiscal year.
In other Atlantic Capital Bancshares news, major shareholder Stone Point Capital Llc sold 3,109,127 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $16.50, for a total value of $51,300,595.50. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 4.60% of the company’s stock.
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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