Analysts Issue Forecasts for Atlantic Capital Bancshares Inc’s FY2018 Earnings (ACBI)

Atlantic Capital Bancshares Inc (NASDAQ:ACBI) – Gabelli increased their FY2018 EPS estimates for shares of Atlantic Capital Bancshares in a report released on Monday, October 29th. Gabelli analyst S. Comery now forecasts that the bank will post earnings per share of $0.95 for the year, up from their previous forecast of $0.90. Gabelli also issued estimates for Atlantic Capital Bancshares’ FY2019 earnings at $1.15 EPS.

Atlantic Capital Bancshares (NASDAQ:ACBI) last posted its earnings results on Thursday, October 25th. The bank reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The company had revenue of $25.63 million for the quarter, compared to analysts’ expectations of $26.92 million. Atlantic Capital Bancshares had a return on equity of 7.00% and a net margin of 3.55%.

Other equities analysts also recently issued reports about the company. BidaskClub raised Atlantic Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. Zacks Investment Research downgraded Atlantic Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 30th. ValuEngine downgraded Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, July 28th. Keefe, Bruyette & Woods reaffirmed a “neutral” rating on shares of Atlantic Capital Bancshares in a research report on Friday, July 27th. Finally, TheStreet downgraded Atlantic Capital Bancshares from a “b” rating to a “c+” rating in a research report on Thursday, August 30th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $18.75.

Atlantic Capital Bancshares stock opened at $15.07 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.63. The firm has a market cap of $379.81 million, a price-to-earnings ratio of 28.43 and a beta of 0.59. Atlantic Capital Bancshares has a twelve month low of $14.44 and a twelve month high of $21.60.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH increased its position in shares of 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 acquiring an additional 2,977 shares during the period. Boston Partners increased its position in shares of 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 acquiring an additional 4,400 shares during the period. Rhumbline Advisers increased its position in shares of 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 acquiring an additional 4,795 shares during the period. California Public Employees Retirement System increased its position in shares of 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 acquiring an additional 4,876 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Atlantic Capital Bancshares in the 2nd quarter valued at $102,000. 83.83% of the stock is currently owned by hedge funds and other institutional investors.

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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