SunTrust Banks Equities Analysts Reduce Earnings Estimates for Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI)

Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) – Equities research analysts at SunTrust Banks dropped their Q3 2018 EPS estimates for Atlantic Capital Bancshares in a report issued on Monday. SunTrust Banks analyst J. Demba now expects that the bank will earn $0.24 per share for the quarter, down from their prior forecast of $0.25. SunTrust Banks also issued estimates for Atlantic Capital Bancshares’ Q4 2018 earnings at $0.24 EPS.

A number of other research analysts have also recently issued reports on ACBI. Zacks Investment Research raised shares of Atlantic Capital Bancshares from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Wednesday. BidaskClub lowered shares of Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. Gabelli started coverage on shares of Atlantic Capital Bancshares in a research report on Wednesday, June 14th. They set a “buy” rating and a $23.00 price target on the stock. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $20.00 price target on shares of Atlantic Capital Bancshares in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $21.67.

ILLEGAL ACTIVITY NOTICE: “SunTrust Banks Equities Analysts Reduce Earnings Estimates for Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI)” was originally published by Transcript Daily and is owned by of Transcript Daily. If you are accessing this report on another website, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The correct version of this report can be accessed at https://transcriptdaily.com/2017/08/03/suntrust-banks-equities-analysts-reduce-earnings-estimates-for-atlantic-capital-bancshares-inc-nasdaqacbi.html.

Shares of Atlantic Capital Bancshares (NASDAQ:ACBI) traded down 0.52% during trading on Tuesday, reaching $19.15. 17,860 shares of the company were exchanged. The company’s 50-day moving average is $18.88 and its 200 day moving average is $18.87. Atlantic Capital Bancshares has a 1-year low of $13.80 and a 1-year high of $20.20. The firm has a market capitalization of $491.27 million, a PE ratio of 38.22 and a beta of 0.99.

Atlantic Capital Bancshares (NASDAQ:ACBI) last released its earnings results on Friday, July 28th. The bank reported $0.17 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17. Atlantic Capital Bancshares had a net margin of 12.18% and a return on equity of 4.49%. The firm had revenue of $26 million during the quarter, compared to analyst estimates of $25.10 million.

Several hedge funds have recently made changes to their positions in the stock. Nationwide Fund Advisors raised its stake in shares of Atlantic Capital Bancshares by 1.8% in the first quarter. Nationwide Fund Advisors now owns 11,091 shares of the bank’s stock valued at $210,000 after buying an additional 193 shares during the period. Patten Group Inc. raised its stake in shares of Atlantic Capital Bancshares by 3.5% in the first quarter. Patten Group Inc. now owns 12,112 shares of the bank’s stock valued at $229,000 after buying an additional 405 shares during the period. Bank of America Corp DE raised its stake in shares of Atlantic Capital Bancshares by 5.8% in the first quarter. Bank of America Corp DE now owns 10,900 shares of the bank’s stock valued at $206,000 after buying an additional 598 shares during the period. American International Group Inc. raised its stake in shares of Atlantic Capital Bancshares by 7.0% in the first quarter. American International Group Inc. now owns 10,661 shares of the bank’s stock valued at $202,000 after buying an additional 702 shares during the period. Finally, TD Asset Management Inc. raised its stake in shares of Atlantic Capital Bancshares by 10.2% in the first quarter. TD Asset Management Inc. now owns 22,075 shares of the bank’s stock valued at $418,000 after buying an additional 2,050 shares during the period. Institutional investors and hedge funds own 74.14% of the company’s stock.

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)




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.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

five + 17 =