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

Atlantic Capital Bancshares (NASDAQ:ACBI) is set to issue its quarterly earnings data after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $0.28 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Atlantic Capital Bancshares (NASDAQ:ACBI) last posted its quarterly earnings results on Thursday, July 25th. The bank reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.04. The company had revenue of $22.92 million for the quarter, compared to analysts’ expectations of $50.00 million. Atlantic Capital Bancshares had a return on equity of 8.56% and a net margin of 42.79%. On average, analysts expect Atlantic Capital Bancshares to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NASDAQ ACBI opened at $17.80 on Wednesday. The stock has a market capitalization of $397.87 million, a P/E ratio of 16.48, a P/E/G ratio of 1.49 and a beta of 0.99. Atlantic Capital Bancshares has a 1 year low of $14.44 and a 1 year high of $19.79. The business’s fifty day moving average is $17.29 and its two-hundred day moving average is $17.38. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.98 and a current ratio of 0.98.

ACBI has been the topic of several research reports. BidaskClub raised Atlantic Capital Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday. SunTrust Banks dropped their price target on Atlantic Capital Bancshares from $20.00 to $19.00 and set a “hold” rating on the stock in a report on Tuesday, August 27th. Gabelli reaffirmed a “buy” rating on shares of Atlantic Capital Bancshares in a report on Monday, July 29th. Keefe, Bruyette & Woods raised Atlantic Capital Bancshares from a “market perform” rating to an “outperform” rating in a report on Friday, September 6th. Finally, Zacks Investment Research downgraded shares of Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $19.20.

About Atlantic Capital Bancshares

Atlantic Capital Bancshares, Inc operates as the bank holding company for Atlantic Capital Bank, N.A. that provides banking products and services in the Metropolitan Atlanta and rest of the United States. The company offers non-interest and interest bearing demand, savings and money market, time, and brokered deposits; and NOW accounts.

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Earnings History for Atlantic Capital Bancshares (NASDAQ:ACBI)

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