Wall Street brokerages expect Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) to announce $0.16 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Atlantic Capital Bancshares’ earnings. The lowest EPS estimate is $0.16 and the highest is $0.17. Atlantic Capital Bancshares posted earnings of $0.09 per share during the same quarter last year, which indicates a positive year over year growth rate of 77.8%. The business is scheduled to announce its next quarterly earnings results on Friday, January 26th.
On average, analysts expect that Atlantic Capital Bancshares will report full-year earnings of $0.61 per share for the current fiscal year, with EPS estimates ranging from $0.60 to $0.62. For the next year, analysts anticipate that the firm will post earnings of $0.79 per share, with EPS estimates ranging from $0.70 to $0.84. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Atlantic Capital Bancshares.
Atlantic Capital Bancshares (NASDAQ:ACBI) last released its quarterly earnings results on Friday, October 27th. The bank reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.03). Atlantic Capital Bancshares had a net margin of 12.34% and a return on equity of 4.39%. The company had revenue of $23.77 million for the quarter, compared to analysts’ expectations of $26.19 million.
Atlantic Capital Bancshares (ACBI) traded down $0.35 during trading hours on Friday, reaching $16.85. The company had a trading volume of 47,134 shares, compared to its average volume of 82,394. Atlantic Capital Bancshares has a one year low of $15.20 and a one year high of $20.20. The stock has a market cap of $433.52 and a price-to-earnings ratio of 30.64. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.54.
A number of institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its position in Atlantic Capital Bancshares by 47.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,237,867 shares of the bank’s stock valued at $22,467,000 after acquiring an additional 398,984 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Atlantic Capital Bancshares by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 962,629 shares of the bank’s stock valued at $18,290,000 after acquiring an additional 15,692 shares during the last quarter. Vanguard Group Inc. grew its position in Atlantic Capital Bancshares by 8.1% in the 2nd quarter. Vanguard Group Inc. now owns 780,758 shares of the bank’s stock valued at $14,835,000 after acquiring an additional 58,216 shares during the last quarter. Huber Capital Management LLC grew its position in Atlantic Capital Bancshares by 205.2% in the 3rd quarter. Huber Capital Management LLC now owns 591,775 shares of the bank’s stock valued at $10,741,000 after acquiring an additional 397,879 shares during the last quarter. Finally, Jacobs Asset Management LLC bought a new position in Atlantic Capital Bancshares in the 3rd quarter valued at $6,807,000. 79.24% of the stock is currently owned by institutional investors.
About Atlantic Capital Bancshares
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Atlantic Capital Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlantic Capital Bancshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.