Atlantic Capital Bancshares (ACBI) Scheduled to Post Earnings on Thursday

Atlantic Capital Bancshares (NASDAQ:ACBI) is scheduled to post its quarterly earnings results before the market opens on Thursday, January 25th.

Atlantic Capital Bancshares (NASDAQ:ACBI) last released its quarterly earnings data 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). Atlantic Capital Bancshares had a net margin of 12.34% and a return on equity of 4.39%. The firm had revenue of $23.77 million during the quarter, compared to analysts’ expectations of $26.19 million. On average, analysts expect Atlantic Capital Bancshares to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Atlantic Capital Bancshares (NASDAQ ACBI) opened at $17.90 on Thursday. Atlantic Capital Bancshares has a one year low of $15.20 and a one year high of $20.20. The firm has a market capitalization of $457.96 and a P/E ratio of 35.10. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.54.

Several equities analysts recently weighed in on the company. TheStreet raised Atlantic Capital Bancshares from a “c” rating to a “b-” rating in a research note on Friday, December 22nd. BidaskClub raised Atlantic Capital Bancshares from a “strong sell” rating to a “sell” rating in a research note on Friday, December 22nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Atlantic Capital Bancshares in a research note on Wednesday, October 4th. Finally, Zacks Investment Research downgraded Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Atlantic Capital Bancshares has a consensus rating of “Hold” and a consensus price target of $21.00.

In other Atlantic Capital Bancshares news, COO D Michael Kramer sold 14,500 shares of the stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $17.19, for a total transaction of $249,255.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.10% of the stock is currently owned by corporate insiders.

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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.

Earnings History for Atlantic Capital Bancshares (NASDAQ:ACBI)

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