Atlantic Capital Bancshares (ACBI) Earning Somewhat Positive Media Coverage, Accern Reports
News coverage about Atlantic Capital Bancshares (NASDAQ:ACBI) has been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Atlantic Capital Bancshares earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 46.174494926496 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s scoring:
- Atlantic Capital Bancshares (ACBI) Receives “Hold” Rating from SunTrust Banks (americanbankingnews.com)
- Atlantic Capital Bancshares’ (ACBI) “Hold” Rating Reaffirmed at Keefe, Bruyette & Woods (americanbankingnews.com)
- Atlantic Capital reports loss, but says its positioned for better 2018 (timesfreepress.com)
- Atlantic Capital Bancshares, Inc. Reports Fourth Quarter and Full Year 2017 Results (finance.yahoo.com)
- Atlantic Capital Bancshares posts 4Q loss (finance.yahoo.com)
Several equities research analysts have recently commented on the stock. TheStreet raised shares of Atlantic Capital Bancshares from a “c” rating to a “b-” rating in a research report on Friday, December 22nd. SunTrust Banks reissued a “hold” rating and set a $18.00 price target on shares of Atlantic Capital Bancshares in a research report on Monday. Keefe, Bruyette & Woods reissued a “hold” rating and set a $20.00 price target on shares of Atlantic Capital Bancshares in a research report on Monday. BidaskClub cut shares of Atlantic Capital Bancshares from a “sell” rating to a “strong sell” rating in a research report on Friday, January 19th. Finally, Zacks Investment Research lowered shares of Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $20.25.
Atlantic Capital Bancshares (NASDAQ:ACBI) last posted its quarterly earnings data on Monday, January 29th. The bank reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.08). Atlantic Capital Bancshares had a return on equity of 4.39% and a net margin of 12.34%. research analysts anticipate that Atlantic Capital Bancshares will post 0.61 EPS for the current fiscal year.
In related news, COO D Michael Kramer sold 14,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $17.19, for a total value of $249,255.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 3.10% of the company’s stock.
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About Atlantic Capital Bancshares
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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