Wall Street brokerages forecast that Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) will report $24.20 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Atlantic Capital Bancshares’ earnings. The highest sales estimate is $24.90 million and the lowest is $23.30 million. Atlantic Capital Bancshares reported sales of $23.93 million in the same quarter last year, which indicates a positive year over year growth rate of 1.1%. The business is scheduled to report its next quarterly earnings report on Friday, January 26th.

On average, analysts expect that Atlantic Capital Bancshares will report full-year sales of $24.20 million for the current year, with estimates ranging from $95.50 million to $98.70 million. For the next financial year, analysts anticipate that the firm will report sales of $103.40 million per share, with estimates ranging from $101.50 million to $107.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Atlantic Capital Bancshares.

Atlantic Capital Bancshares (NASDAQ:ACBI) last announced its quarterly earnings results on Friday, October 27th. The bank reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.03). The company had revenue of $23.77 million for the quarter, compared to analysts’ expectations of $26.19 million. Atlantic Capital Bancshares had a net margin of 12.34% and a return on equity of 4.39%.

Several research analysts recently weighed in on ACBI shares. Zacks Investment Research cut Atlantic Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. Keefe, Bruyette & Woods set a $20.00 price target on Atlantic Capital Bancshares and gave the company a “hold” rating in a research report on Friday, August 18th. Finally, BidaskClub cut Atlantic Capital Bancshares from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $21.67.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Patten Group Inc. grew its holdings in Atlantic Capital Bancshares by 305.5% in the third quarter. Patten Group Inc. now owns 51,304 shares of the bank’s stock valued at $239,000 after purchasing an additional 38,653 shares during the period. Jacobs Asset Management LLC acquired a new stake in Atlantic Capital Bancshares in the third quarter valued at approximately $6,807,000. Maltese Capital Management LLC acquired a new stake in Atlantic Capital Bancshares in the third quarter valued at approximately $373,000. Prospector Partners LLC grew its holdings in Atlantic Capital Bancshares by 10.0% in the third quarter. Prospector Partners LLC now owns 120,608 shares of the bank’s stock valued at $2,189,000 after purchasing an additional 11,000 shares during the period. Finally, Synovus Financial Corp grew its holdings in Atlantic Capital Bancshares by 12.2% in the third quarter. Synovus Financial Corp now owns 115,843 shares of the bank’s stock valued at $2,103,000 after purchasing an additional 12,555 shares during the period. 79.24% of the stock is currently owned by institutional investors.

Atlantic Capital Bancshares (NASDAQ:ACBI) opened at $16.85 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $433.52, a P/E ratio of 30.64, a P/E/G ratio of 1.26 and a beta of 0.94. Atlantic Capital Bancshares has a 12-month low of $15.20 and a 12-month high of $20.20.

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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.

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

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