Analysts Anticipate Atlantic Capital Bancshares Inc (ACBI) Will Post Earnings of $0.29 Per Share

Wall Street analysts expect that Atlantic Capital Bancshares Inc (NASDAQ:ACBI) will report $0.29 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Atlantic Capital Bancshares’ earnings. The highest EPS estimate is $0.29 and the lowest is $0.28. Atlantic Capital Bancshares reported earnings per share of $0.19 in the same quarter last year, which suggests a positive year-over-year growth rate of 52.6%. The company is scheduled to announce its next earnings results on Thursday, April 25th.

On average, analysts expect that Atlantic Capital Bancshares will report full year earnings of $1.37 per share for the current fiscal year, with EPS estimates ranging from $1.30 to $1.45. For the next year, analysts forecast that the firm will report earnings of $1.56 per share, with EPS estimates ranging from $1.55 to $1.56. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for Atlantic Capital Bancshares.

Atlantic Capital Bancshares (NASDAQ:ACBI) last released its quarterly earnings results on Thursday, January 31st. The bank reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.03. Atlantic Capital Bancshares had a return on equity of 8.70% and a net margin of 23.56%. The firm had revenue of $21.23 million during the quarter, compared to analyst estimates of $26.57 million.



ACBI has been the topic of several recent research reports. TheStreet raised Atlantic Capital Bancshares from a “c+” rating to a “b-” rating in a research note on Wednesday, January 16th. BidaskClub raised Atlantic Capital Bancshares from a “hold” rating to a “buy” rating in a research note on Saturday, January 5th. Finally, Zacks Investment Research raised Atlantic Capital Bancshares from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Thursday, December 27th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Atlantic Capital Bancshares has an average rating of “Hold” and an average price target of $19.80.

Shares of ACBI traded down $0.79 during midday trading on Tuesday, reaching $16.84. 168,855 shares of the stock were exchanged, compared to its average volume of 115,356. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.78 and a current ratio of 0.93. Atlantic Capital Bancshares has a twelve month low of $14.44 and a twelve month high of $21.60. The stock has a market capitalization of $418.00 million, a P/E ratio of 15.59, a price-to-earnings-growth ratio of 0.48 and a beta of 1.02.

Institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. purchased a new position in Atlantic Capital Bancshares during the 4th quarter valued at $28,000. Legal & General Group Plc raised its position in Atlantic Capital Bancshares by 22.1% during the 4th quarter. Legal & General Group Plc now owns 4,655 shares of the bank’s stock valued at $76,000 after purchasing an additional 842 shares in the last quarter. Brandywine Global Investment Management LLC bought a new stake in Atlantic Capital Bancshares during the 4th quarter valued at $113,000. Citigroup Inc. raised its position in Atlantic Capital Bancshares by 15.7% during the 4th quarter. Citigroup Inc. now owns 7,927 shares of the bank’s stock valued at $130,000 after purchasing an additional 1,076 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in Atlantic Capital Bancshares by 356.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 8,749 shares of the bank’s stock valued at $143,000 after purchasing an additional 6,833 shares in the last quarter. Hedge funds and other institutional investors own 80.91% of the company’s stock.

About Atlantic Capital Bancshares

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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