Wall Street analysts expect Atlantic Capital Bancshares Inc (NASDAQ:ACBI) to report earnings per share of $0.17 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Atlantic Capital Bancshares’ earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.16. Atlantic Capital Bancshares reported earnings of $0.15 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 13.3%. The business is expected to announce its next earnings results on Thursday, July 27th.
On average, analysts expect that Atlantic Capital Bancshares will report full-year earnings of $0.67 per share for the current year, with EPS estimates ranging from $0.66 to $0.69. For the next financial year, analysts expect that the business will report earnings of $0.89 per share, with EPS estimates ranging from $0.85 to $0.92. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Atlantic Capital Bancshares.
Atlantic Capital Bancshares (NASDAQ:ACBI) last released its earnings results on Friday, April 28th. The bank reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $23.11 million during the quarter, compared to analyst estimates of $24.21 million. Atlantic Capital Bancshares had a return on equity of 4.32% and a net margin of 13.02%.
ACBI has been the topic of several recent analyst reports. Sandler O’Neill lowered shares of Atlantic Capital Bancshares from a “buy” rating to a “hold” rating in a research note on Monday, January 30th. Zacks Investment Research lowered shares of Atlantic Capital Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, February 1st. Finally, FIG Partners lowered shares of Atlantic Capital Bancshares from an “outperform” rating to a “market perform” rating in a research note on Friday, January 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $18.00.
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Atlantic Capital Bancshares (NASDAQ:ACBI) traded up 0.26% during mid-day trading on Tuesday, reaching $19.25. 81,839 shares of the company were exchanged. The firm has a market capitalization of $491.55 million, a P/E ratio of 35.65 and a beta of 1.37. Atlantic Capital Bancshares has a 1-year low of $13.26 and a 1-year high of $20.20. The stock has a 50-day moving average of $18.84 and a 200 day moving average of $18.13.
In other news, insider Bankcap Equity Fund, Llc sold 179,949 shares of the stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $19.45, for a total value of $3,500,008.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.60% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its stake in Atlantic Capital Bancshares by 5.8% in the first quarter. Bank of America Corp DE now owns 10,900 shares of the bank’s stock valued at $206,000 after buying an additional 598 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Atlantic Capital Bancshares during the first quarter valued at $284,000. Renaissance Technologies LLC increased its stake in Atlantic Capital Bancshares by 25.0% in the first quarter. Renaissance Technologies LLC now owns 239,767 shares of the bank’s stock valued at $4,544,000 after buying an additional 47,951 shares during the last quarter. RMB Capital Management LLC increased its stake in Atlantic Capital Bancshares by 15.3% in the first quarter. RMB Capital Management LLC now owns 1,013,469 shares of the bank’s stock valued at $19,205,000 after buying an additional 134,285 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Atlantic Capital Bancshares by 619.2% in the first quarter. Dimensional Fund Advisors LP now owns 77,078 shares of the bank’s stock valued at $1,461,000 after buying an additional 66,361 shares during the last quarter. 64.01% of the stock is owned by institutional investors and hedge funds.
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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