Equities research analysts predict that Atlantic Capital Bancshares Inc (NASDAQ:ACBI) will report earnings of $0.17 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Atlantic Capital Bancshares’ earnings, with the highest EPS estimate coming in at $0.17 and the lowest estimate coming in at $0.16. Atlantic Capital Bancshares reported earnings of $0.13 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 30.8%. The business is expected to announce its next earnings results on Friday, April 27th.

According to Zacks, analysts expect that Atlantic Capital Bancshares will report full-year earnings of $0.92 per share for the current year, with EPS estimates ranging from $0.85 to $0.97. For the next financial year, analysts expect that the business will report earnings of $1.11 per share, with EPS estimates ranging from $1.05 to $1.15. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Atlantic Capital Bancshares.

Atlantic Capital Bancshares (NASDAQ:ACBI) last announced its quarterly earnings results on Monday, January 29th. The bank reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.08). The firm had revenue of $24.68 million for the quarter, compared to analyst estimates of $24.55 million. Atlantic Capital Bancshares had a negative net margin of 3.31% and a positive return on equity of 4.29%.

Several equities research analysts have recently issued reports on ACBI shares. BidaskClub upgraded Atlantic Capital Bancshares from a “strong sell” rating to a “sell” rating in a report on Friday, December 22nd. Zacks Investment Research upgraded Atlantic Capital Bancshares from a “sell” rating to a “hold” rating and set a $20.00 price target for the company in a report on Monday, January 1st. Sandler O’Neill set a $18.00 price target on Atlantic Capital Bancshares and gave the company a “hold” rating in a report on Monday, January 29th. FIG Partners upgraded Atlantic Capital Bancshares from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 30th. Finally, TheStreet upgraded Atlantic Capital Bancshares from a “c” rating to a “b-” rating in a report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.80.

Shares of Atlantic Capital Bancshares (NASDAQ ACBI) opened at $17.05 on Friday. The stock has a market capitalization of $438.67 and a PE ratio of -113.67. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 0.94. Atlantic Capital Bancshares has a 1-year low of $15.20 and a 1-year high of $19.85.

In related news, COO D Michael Kramer sold 14,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $17.19, for a total value of $249,255.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.10% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of ACBI. Legal & General Group Plc lifted its holdings in Atlantic Capital Bancshares by 11.4% in the 2nd quarter. Legal & General Group Plc now owns 5,954 shares of the bank’s stock worth $114,000 after purchasing an additional 611 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Atlantic Capital Bancshares in the 3rd quarter worth approximately $133,000. Principal Financial Group Inc. acquired a new stake in Atlantic Capital Bancshares in the 2nd quarter worth approximately $201,000. Patten Group Inc. lifted its holdings in Atlantic Capital Bancshares by 305.5% in the 3rd quarter. Patten Group Inc. now owns 51,304 shares of the bank’s stock worth $239,000 after purchasing an additional 38,653 shares during the last quarter. Finally, Nationwide Fund Advisors lifted its holdings in Atlantic Capital Bancshares by 16.6% in the 2nd quarter. Nationwide Fund Advisors now owns 12,930 shares of the bank’s stock worth $246,000 after purchasing an additional 1,839 shares during the last quarter. Hedge funds and other institutional investors own 79.15% 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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Earnings History and Estimates for Atlantic Capital Bancshares (NASDAQ:ACBI)

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