Todays Report: The Atlantic Capital Bancshares Inc. (ACBI) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

The Atlantic Capital Bancshares Inc. (ACBI) Releases Quarterly  Earnings Results, Misses Estimates By $0.02 EPS

Atlantic Capital Bancshares Inc. (NASDAQ:ACBI) released its quarterly earnings data on Friday. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by $0.02. Atlantic Capital Bancshares had a net margin of 3.04% and a return on equity of 4.11%.

Shares of Atlantic Capital Bancshares (NASDAQ:ACBI) opened at 15.00 on Monday. Atlantic Capital Bancshares has a one year low of $11.55 and a one year high of $17.50. The company’s 50-day moving average is $15.00 and its 200-day moving average is $14.69. The stock has a market capitalization of $372.57 million and a P/E ratio of 156.25.

In other Atlantic Capital Bancshares news, Director Walter M. Deriso, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $14.96, for a total transaction of $149,600.00. Following the sale, the director now owns 176,625 shares of the company’s stock, valued at $2,642,310. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Walter M. Deriso, Jr. sold 4,180 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $15.53, for a total transaction of $64,915.40. Following the sale, the director now directly owns 174,629 shares in the company, valued at approximately $2,711,988.37. The disclosure for this sale can be found here. Company insiders own 4.60% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Endeavour Capital Advisors Inc. boosted its stake in Atlantic Capital Bancshares by 5.5% in the first quarter. Endeavour Capital Advisors Inc. now owns 1,267,384 shares of the company’s stock worth $17,667,000 after buying an additional 66,110 shares during the last quarter. RMB Capital Management LLC boosted its stake in Atlantic Capital Bancshares by 13.7% in the second quarter. RMB Capital Management LLC now owns 715,849 shares of the company’s stock worth $10,351,000 after buying an additional 86,000 shares during the last quarter. Vanguard Group Inc. boosted its stake in Atlantic Capital Bancshares by 12.7% in the second quarter. Vanguard Group Inc. now owns 526,755 shares of the company’s stock worth $7,617,000 after buying an additional 59,261 shares during the last quarter. BlackRock Fund Advisors boosted its stake in Atlantic Capital Bancshares by 34,810.6% in the second quarter. BlackRock Fund Advisors now owns 445,459 shares of the company’s stock worth $6,441,000 after buying an additional 444,183 shares during the last quarter. Finally, Kennedy Capital Management Inc. boosted its stake in Atlantic Capital Bancshares by 21.7% in the first quarter. Kennedy Capital Management Inc. now owns 259,721 shares of the company’s stock worth $3,621,000 after buying an additional 46,268 shares during the last quarter. 61.76% of the stock is currently owned by institutional investors.

Several analysts have recently commented on ACBI shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Atlantic Capital Bancshares in a report on Sunday, July 31st. Zacks Investment Research downgraded shares of Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a report on Monday, September 12th. Raymond James Financial Inc. downgraded shares of Atlantic Capital Bancshares from an “outperform” rating to a “market perform” rating in a report on Friday, July 29th. Citigroup Inc. downgraded shares of Atlantic Capital Bancshares to a “market perform” rating in a report on Friday, July 29th. Finally, Sandler O’Neill downgraded shares of Atlantic Capital Bancshares from a “buy” rating to a “hold” rating in a report on Friday, July 29th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.00.

About Atlantic Capital Bancshares

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