Wall Street analysts expect that Atlantic Capital Bancshares Inc (NASDAQ:ACBI) will post earnings of $0.26 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Atlantic Capital Bancshares’ earnings, with estimates ranging from $0.25 to $0.27. Atlantic Capital Bancshares reported earnings per share of $0.16 during the same quarter last year, which suggests a positive year over year growth rate of 62.5%. The firm is expected to report its next quarterly earnings results on Friday, October 26th.

According to Zacks, analysts expect that Atlantic Capital Bancshares will report full-year earnings of $1.00 per share for the current year, with EPS estimates ranging from $0.90 to $1.06. For the next financial year, analysts forecast that the firm will post earnings of $1.11 per share, with EPS estimates ranging from $1.10 to $1.12. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Atlantic Capital Bancshares.

Atlantic Capital Bancshares (NASDAQ:ACBI) last released its quarterly earnings data on Wednesday, July 25th. The bank reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.01. The firm had revenue of $27.35 million during the quarter, compared to the consensus estimate of $26.47 million. Atlantic Capital Bancshares had a return on equity of 6.14% and a net margin of 1.60%.

Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded Atlantic Capital Bancshares from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Wednesday, July 11th. TheStreet downgraded Atlantic Capital Bancshares from a “b” rating to a “c+” rating in a report on Thursday, August 30th. ValuEngine downgraded Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, July 28th. BidaskClub downgraded Atlantic Capital Bancshares from a “sell” rating to a “strong sell” rating in a report on Friday, September 7th. Finally, Keefe, Bruyette & Woods restated a “neutral” rating on shares of Atlantic Capital Bancshares in a report on Friday, July 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The stock 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 company’s stock in a transaction on Monday, July 9th. The stock was sold at an average price of $20.10, for a total transaction of $40,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kurt A. Shreiner sold 2,500 shares of the company’s stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $19.78, for a total value of $49,450.00. The disclosure for this sale can be found here. Insiders have sold 7,000 shares of company stock valued at $134,475 in the last quarter. 3.40% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Allianz Asset Management GmbH boosted its position in Atlantic Capital Bancshares by 5.7% in the first quarter. Allianz Asset Management GmbH now owns 55,160 shares of the bank’s stock worth $998,000 after purchasing an additional 2,977 shares during the last quarter. Boston Partners boosted its position in Atlantic Capital Bancshares by 1.8% in the second quarter. Boston Partners now owns 255,314 shares of the bank’s stock worth $5,017,000 after purchasing an additional 4,400 shares during the last quarter. Rhumbline Advisers boosted its position in Atlantic Capital Bancshares by 25.4% in the second quarter. Rhumbline Advisers now owns 23,695 shares of the bank’s stock worth $466,000 after purchasing an additional 4,795 shares during the last quarter. Federated Investors Inc. PA boosted its position in Atlantic Capital Bancshares by 158.4% in the first quarter. Federated Investors Inc. PA now owns 7,853 shares of the bank’s stock worth $142,000 after purchasing an additional 4,814 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in Atlantic Capital Bancshares by 26.7% in the first quarter. California Public Employees Retirement System now owns 23,134 shares of the bank’s stock worth $419,000 after purchasing an additional 4,876 shares during the last quarter. Institutional investors and hedge funds own 83.83% of the company’s stock.

NASDAQ ACBI opened at $17.50 on Friday. The company has a market cap of $456.82 million, a PE ratio of 33.02 and a beta of 0.56. Atlantic Capital Bancshares has a 52 week low of $15.20 and a 52 week high of $21.60. The company has a quick ratio of 0.95, a current 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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