News coverage about Atlantic Capital (NASDAQ:ACBI) has been trending somewhat positive on Tuesday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Atlantic Capital earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 45.9586187479669 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of NASDAQ:ACBI remained flat at $$19.00 on Tuesday. The stock had a trading volume of 38,278 shares, compared to its average volume of 90,686. Atlantic Capital has a 52-week low of $15.20 and a 52-week high of $19.85. The company has a market capitalization of $487.10, a PE ratio of 35.85 and a beta of 0.67. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.31.
Atlantic Capital (NASDAQ:ACBI) last announced 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). Atlantic Capital had a negative net margin of 3.31% and a positive return on equity of 4.33%. The company had revenue of $24.68 million for the quarter, compared to the consensus estimate of $24.55 million. research analysts expect that Atlantic Capital will post 0.93 EPS for the current fiscal year.
A number of equities research analysts have weighed in on ACBI shares. BidaskClub downgraded Atlantic Capital from a “sell” rating to a “strong sell” rating in a research report on Friday, January 19th. Keefe, Bruyette & Woods restated a “hold” rating and set a $20.00 price target on shares of Atlantic Capital in a research report on Monday, January 29th. Zacks Investment Research downgraded Atlantic Capital from a “buy” rating to a “hold” rating in a research report on Monday, March 5th. FIG Partners upgraded Atlantic Capital from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 30th. Finally, SunTrust Banks restated a “hold” rating and set a $18.00 price target on shares of Atlantic Capital in a research report on Monday, January 29th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $20.00.
In related news, insider Kurt A. Shreiner sold 2,500 shares of the firm’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $17.73, for a total value of $44,325.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Richard A. Jr. Oglesby sold 6,719 shares of the firm’s stock in a transaction dated Friday, March 23rd. The stock was sold at an average price of $17.99, for a total value of $120,874.81. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by company insiders.
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Atlantic Capital Company Profile
Atlantic Capital Bancshares, Inc operates as the holding company for Atlantic Capital Bank, N.A. that provides commercial banking products and services in the United States. The company offers NOW, money market, savings, checking, time, Internet and brokered, and demand deposits; working capital and equipment loans, loans supported by owner-occupied real estate, revolving lines of credit, term loans, letters of credit, installment and term loans, and home equity lines of credit; residential mortgage loans; and commercial real estate loans, including secured construction loans, secured mini-permanent loans, and secured or unsecured lines of credit.
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