Atlantic Capital Bancshares (NASDAQ:ACBI) Issues Quarterly Earnings Results


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Atlantic Capital Bancshares (NASDAQ:ACBI) issued its quarterly earnings results on Wednesday. The bank reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.09, MarketWatch Earnings reports. Atlantic Capital Bancshares had a net margin of 17.73% and a return on equity of 5.91%.

Atlantic Capital Bancshares stock opened at $17.52 on Friday. The firm has a market capitalization of $364.05 million, a PE ratio of 19.25, a P/E/G ratio of 1.26 and a beta of 0.91. The company’s 50-day moving average is $16.16 and its 200-day moving average is $13.37. Atlantic Capital Bancshares has a fifty-two week low of $8.89 and a fifty-two week high of $20.21. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.92 and a quick ratio of 0.92.

Several equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Atlantic Capital Bancshares from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Tuesday, December 29th. TheStreet upgraded shares of Atlantic Capital Bancshares from a “c” rating to a “b-” rating in a research note on Friday, October 23rd.

About Atlantic Capital Bancshares

Atlantic Capital Bancshares, Inc operates as the bank holding company for Atlantic Capital Bank, N.A. that provides banking products and services. The company offers non-interest and interest bearing demand, savings and money market, time, and brokered deposits. It also provides working capital and equipment loans, loans supported by owner-occupied real estate, revolving lines of credit, term loans, and letters of credit; secured installment and term loans, and home equity lines of credit; and commercial real estate loans, including secured construction loans, secured mini-permanent loans, and secured or unsecured lines of credit, as well as small business administration and franchise finance loans.

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Earnings History for Atlantic Capital Bancshares (NASDAQ:ACBI)

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