$0.28 EPS Expected for Atlantic Capital (ACBI) This Quarter
Brokerages expect that Atlantic Capital (NASDAQ:ACBI) will announce earnings per share (EPS) of $0.28 for the current quarter, according to Zacks. Three analysts have made estimates for Atlantic Capital’s earnings, with the lowest EPS estimate coming in at $0.23 and the highest estimate coming in at $0.31. Atlantic Capital posted earnings of $0.17 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 64.7%. The firm is scheduled to issue its next earnings report on Friday, July 27th.
According to Zacks, analysts expect that Atlantic Capital will report full year earnings of $0.98 per share for the current financial year, with EPS estimates ranging from $0.90 to $1.06. For the next year, analysts expect that the company will report earnings of $1.14 per share, with EPS estimates ranging from $1.10 to $1.20. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Atlantic Capital.
Atlantic Capital (NASDAQ:ACBI) last announced its earnings results on Thursday, April 26th. The bank reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.01. Atlantic Capital had a negative net margin of 1.65% and a positive return on equity of 4.92%. The company had revenue of $25.60 million for the quarter, compared to analyst estimates of $24.97 million.
Shares of Atlantic Capital traded down $0.10, reaching $20.80, during trading hours on Friday, Marketbeat reports. 4,716 shares of the company were exchanged, compared to its average volume of 100,504. Atlantic Capital has a fifty-two week low of $15.20 and a fifty-two week high of $21.60. The firm has a market capitalization of $542.88 million, a price-to-earnings ratio of 39.34 and a beta of 0.71. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.76.
In related news, Director James H. Graves sold 16,000 shares of the stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of $20.93, for a total value of $334,880.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Kurt A. Shreiner sold 2,500 shares of the stock in a transaction that occurred on Wednesday, May 2nd. The shares were sold at an average price of $19.42, for a total transaction of $48,550.00. The disclosure for this sale can be found here. Insiders sold 30,139 shares of company stock worth $608,326 over the last 90 days. 3.40% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. raised its holdings in Atlantic Capital by 8.0% in the fourth quarter. Victory Capital Management Inc. now owns 64,488 shares of the bank’s stock worth $1,135,000 after purchasing an additional 4,788 shares during the period. Two Sigma Advisers LP raised its holdings in Atlantic Capital by 30.8% in the fourth quarter. Two Sigma Advisers LP now owns 64,900 shares of the bank’s stock worth $1,142,000 after purchasing an additional 15,300 shares during the period. Goldman Sachs Group Inc. acquired a new stake in Atlantic Capital in the fourth quarter worth $574,000. Bank of New York Mellon Corp raised its holdings in Atlantic Capital by 12.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,392,698 shares of the bank’s stock worth $24,511,000 after purchasing an additional 154,831 shares during the period. Finally, Gamco Investors INC. ET AL raised its holdings in Atlantic Capital by 215.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 80,480 shares of the bank’s stock worth $1,416,000 after purchasing an additional 54,980 shares during the period. Institutional investors own 81.30% of the company’s stock.
About Atlantic Capital
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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