Press coverage about Atlantic Capital Bancshares (NASDAQ:ACBI) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Atlantic Capital Bancshares earned a daily sentiment score of 0.02 on Accern’s scale. Accern also gave news stories about the bank an impact score of 44.43275407531 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern’s scoring:
- With A -127.82% Earnings Drop, Did Atlantic Capital Bancshares Inc (NASDAQ:ACBI) Really Underperform? (finance.yahoo.com)
- $0.17 EPS Expected for Atlantic Capital Bancshares Inc (ACBI) This Quarter (americanbankingnews.com)
- The Briefcase: Sunshine Beverage expands Carolinas distribution (journalnow.com)
- Atlantic Capital Bancshares (ACBI) Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
Several equities research analysts have recently commented on the stock. TheStreet raised shares of Atlantic Capital Bancshares from a “c” rating to a “b-” rating in a research report on Friday, December 22nd. Sandler O’Neill set a $18.00 target price on shares of Atlantic Capital Bancshares and gave the stock a “hold” rating in a research report on Monday, January 29th. SunTrust Banks reissued a “hold” rating and set a $18.00 target price on shares of Atlantic Capital Bancshares in a research report on Monday, January 29th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $20.00 target price on shares of Atlantic Capital Bancshares in a research report on Monday, January 29th. Finally, BidaskClub raised shares of Atlantic Capital Bancshares from a “strong sell” rating to a “sell” rating in a research report on Friday, December 22nd. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $19.80.
Shares of Atlantic Capital Bancshares (NASDAQ:ACBI) traded up $0.25 during mid-day trading on Friday, reaching $18.25. 179,949 shares of the company’s stock were exchanged, compared to its average volume of 87,552. Atlantic Capital Bancshares has a twelve month low of $15.20 and a twelve month high of $19.85. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.54. The company has a market cap of $470.14, a P/E ratio of -140.38, a price-to-earnings-growth ratio of 0.91 and a beta of 0.82.
Atlantic Capital Bancshares (NASDAQ:ACBI) last issued its quarterly earnings data on Monday, January 29th. The bank reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.08). The firm had revenue of $24.68 million during the quarter, compared to the consensus estimate of $24.55 million. Atlantic Capital Bancshares had a positive return on equity of 4.29% and a negative net margin of 3.31%. research analysts predict that Atlantic Capital Bancshares will post 0.92 earnings per share for the current fiscal year.
In related news, COO D Michael Kramer sold 14,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were 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 can be accessed through this hyperlink. Also, insider Kurt A. Shreiner sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $17.73, for a total transaction of $44,325.00. The disclosure for this sale can be found here. 3.10% of the stock is owned by insiders.
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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.
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