Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) – Analysts at FIG Partners decreased their Q1 2018 earnings per share (EPS) estimates for Atlantic Capital Bancshares in a research note issued on Monday. FIG Partners analyst C. Marinac now forecasts that the bank will earn $0.18 per share for the quarter, down from their prior estimate of $0.20. FIG Partners also issued estimates for Atlantic Capital Bancshares’ Q3 2018 earnings at $0.21 EPS, Q4 2018 earnings at $0.21 EPS and FY2018 earnings at $0.80 EPS.

Atlantic Capital Bancshares (NASDAQ:ACBI) last posted its quarterly earnings data on Friday, October 27th. The bank reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The business had revenue of $23.77 million during the quarter, compared to analyst estimates of $26.19 million. Atlantic Capital Bancshares had a net margin of 12.34% and a return on equity of 4.44%.

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ACBI has been the topic of a number of other reports. BidaskClub cut shares of Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Zacks Investment Research cut shares of Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Finally, Keefe, Bruyette & Woods set a $20.00 price objective on shares of Atlantic Capital Bancshares and gave the stock a “hold” rating in a report on Friday, August 18th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Atlantic Capital Bancshares presently has an average rating of “Hold” and an average price target of $21.67.

In other Atlantic Capital Bancshares news, major shareholder Stone Point Capital Llc sold 3,109,127 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $16.50, for a total value of $51,300,595.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.10% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of ACBI. Legal & General Group Plc raised its position in shares of Atlantic Capital Bancshares by 11.4% in the second quarter. Legal & General Group Plc now owns 5,954 shares of the bank’s stock valued at $114,000 after purchasing an additional 611 shares during the period. Principal Financial Group Inc. bought a new position in Atlantic Capital Bancshares during the second quarter worth $201,000. American International Group Inc. increased its position in Atlantic Capital Bancshares by 7.0% during the first quarter. American International Group Inc. now owns 10,661 shares of the bank’s stock worth $202,000 after acquiring an additional 702 shares during the period. Bank of America Corp DE increased its position in Atlantic Capital Bancshares by 5.8% during the first quarter. Bank of America Corp DE now owns 10,900 shares of the bank’s stock worth $206,000 after acquiring an additional 598 shares during the period. Finally, Nationwide Fund Advisors increased its position in Atlantic Capital Bancshares by 1.8% during the first quarter. Nationwide Fund Advisors now owns 11,091 shares of the bank’s stock worth $210,000 after acquiring an additional 193 shares during the period. 78.40% of the stock is currently owned by hedge funds and other institutional investors.

Atlantic Capital Bancshares Company Profile

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.

Earnings History and Estimates for Atlantic Capital Bancshares (NASDAQ:ACBI)

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