Atlantic Capital Bancshares Inc (NASDAQ:ACBI) – Investment analysts at SunTrust Banks upped their Q1 2018 earnings per share (EPS) estimates for shares of Atlantic Capital Bancshares in a report issued on Monday. SunTrust Banks analyst J. Demba now expects that the bank will earn $0.23 per share for the quarter, up from their previous forecast of $0.19. SunTrust Banks also issued estimates for Atlantic Capital Bancshares’ Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $0.27 EPS and FY2018 earnings at $0.99 EPS.

Atlantic Capital Bancshares (NASDAQ:ACBI) last posted its earnings results on Friday, October 27th. The bank reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.03). The business 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 17.05% and a return on equity of 5.05%.

A number of other brokerages also recently commented on ACBI. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $20.00 price target on shares of Atlantic Capital Bancshares in a report on Wednesday, October 4th. Zacks Investment Research downgraded shares of Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. BidaskClub upgraded shares of Atlantic Capital Bancshares from a “strong sell” rating to a “sell” rating in a report on Friday, December 22nd. Finally, TheStreet upgraded shares of Atlantic Capital Bancshares from a “c” rating to a “b-” rating in a report on Friday, December 22nd. One 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 stock presently has a consensus rating of “Hold” and an average price target of $21.00.

Shares of Atlantic Capital Bancshares (ACBI) traded up $0.15 during midday trading on Wednesday, hitting $18.00. 81,700 shares of the stock were exchanged, compared to its average volume of 117,938. The stock has a market capitalization of $463.11 and a P/E ratio of 35.29. Atlantic Capital Bancshares has a 1-year low of $15.20 and a 1-year high of $20.20. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54.

A number of institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. lifted its position in Atlantic Capital Bancshares by 38.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 36,400 shares of the bank’s stock valued at $692,000 after buying an additional 10,200 shares in the last quarter. Rhumbline Advisers lifted its position in Atlantic Capital Bancshares by 27.9% during the second quarter. Rhumbline Advisers now owns 23,365 shares of the bank’s stock valued at $444,000 after buying an additional 5,101 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Atlantic Capital Bancshares by 52.9% during the second quarter. Bank of New York Mellon Corp now owns 838,883 shares of the bank’s stock valued at $15,939,000 after buying an additional 290,120 shares in the last quarter. Legal & General Group Plc lifted its position in Atlantic Capital Bancshares by 11.4% during the second quarter. Legal & General Group Plc now owns 5,954 shares of the bank’s stock valued at $114,000 after buying an additional 611 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in Atlantic Capital Bancshares by 5.3% during the second quarter. Victory Capital Management Inc. now owns 52,566 shares of the bank’s stock valued at $999,000 after buying an additional 2,655 shares in the last quarter. Hedge funds and other institutional investors own 79.09% of the company’s stock.

In other news, COO D Michael Kramer sold 14,500 shares of Atlantic Capital Bancshares stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $17.19, for a total transaction of $249,255.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.10% of the company’s stock.

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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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