Home Earnings Atlantic Capital Bancshares Inc. earnings preview: what to expect from their...

Atlantic Capital Bancshares Inc. [ACBI] earnings preview: what to expect from their December quarter

Atlantic Capital Bancshares Inc. [NASDAQ:ACBI] will report earnings after markets close on Thursday, January 21st.

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ACBI Earnings Forecast For The Current Quarter

Atlantic Capital Bancshares Inc. [ACBI] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $25.47M and an earnings per share of $0.39 for Dec 2020. Looking further ahead, the company is expected to report revenue of $25.83M at an EPS of $0.38 for Mar 2021. The estimates represent upside of 3.90% and 38.00% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.


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ACBI Earnings Estimates For The Current Year

For the financial year, Atlantic Capital Bancshares Inc. [NASDAQ:ACBI] is expected to bring in revenue of $97.1M. The returns are nearly $5.51 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 0.96, lower than that of FY19 by -$0.24. Estimates put this year’s earnings growth at -20.00%, 37.50% for the next, and at an annual 10.50% over the next 5-year period. As for sales, forecasts are for an increase of 6.00% in the current fiscal year and a further 3.90% over the following year.

ACBI Price Performance

On Wall Street, Atlantic Capital Bancshares Inc. [NASDAQ:ACBI] finished Tuesday’s session down -0.80% at $17.29. The stock went up to $17.64 at the same session while its lowest single day price was $17.16. In the last five days, it saw a rise of about 1.83%, Atlantic Capital Bancshares Inc. shares gained by almost 8.61% since the beginning of the year. However, the share price has dropped to as low as -14.45% below its one year high. On 01/15/21, the company shares recorded $17.68, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $15.49. The company’s shares have declined by -3.52% in the past year. The 50-day SMA achieved is $15.72 while the 200-day SMA is $12.67. Volume dropped to 63860.0 from 80100.0 in the previous session.

Atlantic Capital Bancshares Inc. [ACBI] Valuation Measures

Notably, Atlantic Capital Bancshares Inc. [ACBI] stock cannot be classified as a good candidate in the listing of underestimated low-priced Banks – Regional companies to purchase soonest possible with the prevailing 12-month PE ratio of 19.06. The measure means the stock is exchanging at a premium as compared to the 12.10x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 3.59 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 2.51 which means ACBI serve an unattractive investment opportunity compared to its competitors.

ACBI Stock Support And Resistance Levels

On the 24-hour scale, the immediate backing is perceived around 17.29 level, and in case of violation of this particular level, it will cause more drop to 17.09 level. On the upper level, 18.05 is still the key resistance. The stock may increase to the subsequent resistance at 17.84. The Relative Strength Index (RSI) pinned on the 14-day chart is 62.83, implying a neutral technical stance while the MACD stands at 0.68, meaning price will decrease in the next trading period. Percent R indicator moved to 17.81%, implying bullish price movement. Stochastic %K at 86.45% suggest selling the stock.

Is Atlantic Capital Bancshares Inc. [NASDAQ:ACBI] a Good Buy Right Now?

It should be noted that ACBI technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 96% Buy in the past month. Data from Atlantic Capital Bancshares Inc.’s Trend Spotter indicated that the signals were Weakest. The stock current average is 73670.0 shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 85000.0 shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 84693.0 shares.

What is the short interest in Atlantic Capital Bancshares Inc.?

Short interest in the Atlantic Capital Bancshares Inc. stock has surged, increasing by 81600.0 shares to total 0.2 million shares on Dec 30, 2020. The interest had seen shares on Nov 29, 2020 stand at 0.29 million, data from Yahoo Finance shows. The decrease of -39.85% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 1.21% of the overall float for the stock.

Atlantic Capital Bancshares Inc.’s Biggest Shareholders: Who Owns Atlantic Capital Bancshares Inc. [ACBI]?

Filings by T. Rowe Price Associates, Inc. showed that the firm now holds a total of 3,070,402 shares or roughly 14.78% of the outstanding ACBI shares. This means their shares have reduced by -2,500 from the 3,070,402 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, BlackRock Fund Advisors updated stake is worth $22,956,704. Details in the latest 13F filings reveal that Dimensional Fund Advisors LP disposed off their -0.63% stake valued at $17,872,652 while The Vanguard Group, Inc. cut theirs at $17,858,164. During the last quarter, Dimensional Fund Advisors LP liquidated -7,093 of its shares in Atlantic Capital Bancshares Inc. while The Vanguard Group, Inc. sold -8,972 shares. The MFP Investors LLC’s holdings currently number 950,093 shares at $16427107.969999999. According to the firm’s last 13F report, Renaissance Technologies LLC shares in the company at filing stood at 613,624 shares, roughly $9,768,894.

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What are analyst thoughts on Atlantic Capital Bancshares Inc.?

Looking forward to the Atlantic Capital Bancshares Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Atlantic Capital Bancshares Inc. stock at $17.50 within the next 12 months, which represents almost 1.2 per cent growth from its previous closing price of $17.29. The highest analysts’ target for Atlantic Capital Bancshares Inc. stock projections is $18.00 and the lowest one is $17.00. Still, 5 analysts sharing their consensus rating for ACBI stock in 2021 agree that it is an Overweight.

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