News coverage about Atlantic Capital (NASDAQ:ACBI) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Atlantic Capital earned a news impact score of 0.04 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 44.7423979521489 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of ACBI stock opened at $19.90 on Friday. The firm has a market capitalization of $515.54 million, a price-to-earnings ratio of 37.55 and a beta of 0.73. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.76. Atlantic Capital has a one year low of $15.20 and a one year high of $21.60.
Atlantic Capital (NASDAQ:ACBI) last announced its quarterly earnings results on Thursday, April 26th. The bank reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The firm had revenue of $25.60 million during the quarter, compared to analysts’ expectations of $24.97 million. Atlantic Capital had a negative net margin of 1.65% and a positive return on equity of 4.92%. equities research analysts predict that Atlantic Capital will post 0.98 earnings per share for the current fiscal year.
A number of brokerages have commented on ACBI. BidaskClub cut shares of Atlantic Capital from a “strong-buy” rating to a “buy” rating in a research note on Monday, June 18th. Zacks Investment Research cut shares of Atlantic Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, June 27th. Finally, Sandler O’Neill set a $19.00 price target on shares of Atlantic Capital and gave the company a “hold” rating in a research note on Wednesday, March 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Atlantic Capital has an average rating of “Hold” and an average target price of $19.50.
In other news, insider Kurt A. Shreiner sold 2,500 shares of the firm’s stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $19.78, for a total transaction of $49,450.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James H. Graves sold 16,000 shares of the firm’s stock in a transaction dated Wednesday, May 30th. The stock was sold at an average price of $20.93, for a total transaction of $334,880.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,920 shares of company stock valued at $536,902. 3.40% of the stock is currently owned by corporate insiders.
About Atlantic Capital
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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