Equities research analysts predict that Atlantic Capital Bancshares Inc (NASDAQ:ACBI) will post earnings of $0.26 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Atlantic Capital Bancshares’ earnings. The highest EPS estimate is $0.27 and the lowest is $0.25. Atlantic Capital Bancshares reported earnings per share of $0.16 in the same quarter last year, which would suggest a positive year-over-year growth rate of 62.5%. The business is expected to announce its next earnings results on Friday, October 26th.

On average, analysts expect that Atlantic Capital Bancshares will report full year earnings of $1.00 per share for the current financial year, with EPS estimates ranging from $0.90 to $1.06. For the next financial year, analysts anticipate that the company will report earnings of $1.11 per share, with EPS estimates ranging from $1.10 to $1.12. Zacks’ EPS calculations are an average based on a survey of analysts that follow Atlantic Capital Bancshares.

Atlantic Capital Bancshares (NASDAQ:ACBI) last posted its quarterly earnings data on Wednesday, July 25th. The bank reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. Atlantic Capital Bancshares had a return on equity of 6.14% and a net margin of 1.60%. The company had revenue of $27.35 million during the quarter, compared to analysts’ expectations of $26.47 million.

ACBI has been the subject of a number of analyst reports. BidaskClub downgraded Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, August 1st. ValuEngine raised Atlantic Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, August 20th. Zacks Investment Research downgraded Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, June 27th. Finally, Keefe, Bruyette & Woods reissued a “neutral” rating on shares of Atlantic Capital Bancshares in a research note on Friday, July 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $19.75.

In related news, insider Richard A. Jr. Oglesby sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, July 9th. The stock was sold at an average price of $20.10, for a total value of $40,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kurt A. Shreiner sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $17.93, for a total value of $44,825.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,000 shares of company stock valued at $134,475. Company insiders own 3.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH increased its stake in Atlantic Capital Bancshares by 5.7% in the 1st quarter. Allianz Asset Management GmbH now owns 55,160 shares of the bank’s stock valued at $998,000 after purchasing an additional 2,977 shares in the last quarter. Boston Partners increased its stake in Atlantic Capital Bancshares by 1.8% in the 2nd quarter. Boston Partners now owns 255,314 shares of the bank’s stock valued at $5,017,000 after purchasing an additional 4,400 shares in the last quarter. Rhumbline Advisers increased its stake in Atlantic Capital Bancshares by 25.4% in the 2nd quarter. Rhumbline Advisers now owns 23,695 shares of the bank’s stock valued at $466,000 after purchasing an additional 4,795 shares in the last quarter. Federated Investors Inc. PA increased its stake in Atlantic Capital Bancshares by 158.4% in the 1st quarter. Federated Investors Inc. PA now owns 7,853 shares of the bank’s stock valued at $142,000 after purchasing an additional 4,814 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in Atlantic Capital Bancshares by 26.7% in the 1st quarter. California Public Employees Retirement System now owns 23,134 shares of the bank’s stock valued at $419,000 after purchasing an additional 4,876 shares in the last quarter. 83.83% of the stock is owned by hedge funds and other institutional investors.

Atlantic Capital Bancshares stock traded up $0.20 during mid-day trading on Friday, reaching $17.70. 899 shares of the company were exchanged, compared to its average volume of 42,186. The stock has a market capitalization of $455.52 million, a price-to-earnings ratio of 33.30 and a beta of 0.56. Atlantic Capital Bancshares has a twelve month low of $15.20 and a twelve month high of $21.60. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.63.

Atlantic Capital Bancshares Company Profile

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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