My Cart

Close

Stock On Watch: Atlantic Capital Bancshares Inc Sets 52-Week High; Strong Momentum for Holders

Posted on


The inventory of Atlantic Capital Bancshares Inc (NASDAQ:ACBI) hit a brand new 52-week excessive and has $17.16 goal or four.00% above as we speak’s $16.50 share worth. The 7 months bullish chart signifies low danger for the $416.70M firm. The 1-year excessive was reported on Nov, 25 by Barchart.com. If the $17.16 worth goal is reached, the corporate might be value $16.67M extra.
The 52-week excessive occasion is a vital milestone for each inventory as a result of it exhibits very constructive momentum and is time when consumers are available. During such notable technical setup, elementary buyers often keep away and are cautious shorting or promoting the inventory. The inventory elevated 2.17% or $zero.35 over the past buying and selling session, hitting $16.5. About 15,934 shares traded arms. Atlantic Capital Bancshares Inc (NASDAQ:ACBI) has risen 14.21% since April 22, 2016 and is uptrending. It has outperformed by eight.81% the S&P500.

Analysts await Atlantic Capital Bancshares Inc (NASDAQ:ACBI) to report earnings on February, Three. They anticipate $zero.16 earnings per share, up 100.00% or $zero.08 from final yr’s $zero.08 per share. ACBI’s revenue might be $four.04 million for 25.78 P/E if the $zero.16 EPS turns into a actuality. After $zero.16 precise earnings per share reported by Atlantic Capital Bancshares Inc for the earlier quarter, Wall Street now forecasts zero.00% EPS progress.

Atlantic Capital Bancshares Inc (NASDAQ:ACBI) Ratings Coverage

Out of four analysts overlaying Atlantic Capital (NASDAQ:ACBI), 1 fee it a “Buy”, zero “Sell”, whereas Three “Hold”. This means 25% are constructive. $16.50 is the very best goal whereas $16 is the bottom. The $16 common goal is -Three.03% under at this time’s ($16.5) inventory worth. Atlantic Capital has been the subject of 5 analyst reviews since December eight, 2015 in response to StockzIntelligence Inc. Keefe Bruyette & Woods initiated Atlantic Capital Bancshares Inc (NASDAQ:ACBI) on Tuesday, December eight with “Outperform” score. Raymond James downgraded the shares of ACBI in a report on Friday, July 29 to “Market Perform” score. The agency earned “Market Perform” score on Wednesday, May 18 by FBR Capital. Sandler O’Neill downgraded the inventory to “Hold” score in Friday, July 29 report. The inventory has “Outperform” score given by Keefe Bruyette & Woods on Friday, July 29.

According to Zacks Investment Research, “Atlantic Capital Bancshares, Inc. is a bank holding company. The Company’s corporate and business banking services include lending and financing, treasury services and international banking. Its private banking products and services include deposit products such as checking accounts, money market accounts, savings accounts and certificates of deposit; credit products include home equity lines of credit, secured personal lines of credit, unsecured lines of credit, home improvement loans, car loans and credit cards and services include online banking and bill payment, wire transfers, automated teller machine, eDelivery of statements and documents and person-to-person payments. Atlantic Capital Bancshares, Inc. is based in Atlanta, Georgia.”

More necessary current Atlantic Capital Bancshares Inc (NASDAQ:ACBI) information have been revealed by: Marketwatch.com which launched: “Atlantic Capital Bancshares downgraded to market perform from outperform at …” on November 02, 2015, additionally Businesswire.com revealed article titled: “Atlantic Capital Bancshares Completes Acquisition of First Security Group”, Businesswire.com revealed: “Atlantic Capital Bancshares, Inc. Reports Third Quarter 2016 Results” on October 28, 2016. More fascinating information about Atlantic Capital Bancshares Inc (NASDAQ:ACBI) was launched by: Businesswire.com and their article: “Atlantic Capital Bancshares, Inc. Announces First Quarter 2016 Earnings …” with publication date: April 12, 2016.

ACBI Company Profile

Atlantic Capital Bancshares, Inc., included on October 2, 2006, is the financial institution holding agency for Atlantic Capital Bank (the Bank). The Bank operates as a full service, locally-managed business financial institution. The Bank supplies an array of credit score, treasury administration and deposit providers and merchandise to progress companies, center market companies, business actual property builders and buyers, and personal shoppers. The Company’s wealth administration division provides monetary planning, belief administration, funding administration, brokerage and property planning providers. It additionally supplies chosen capital markets, mortgage banking, and digital banking providers to its company, enterprise and particular person shoppers. The Company’s personal banking credit score merchandise embrace loans to people for private and funding functions, akin to secured installment and time period loans, and residential fairness strains of credit score. The Company’s specialty company monetary providers embrace funds business banking, monetary establishments banking, capital markets providers and specialty business lending.

Receive News & Ratings Via Email – Enter your e-mail handle under to obtain a concise day by day abstract of the newest information and analysts’ scores with our FREE day by day e mail publication.



Source link

The post Stock On Watch: Atlantic Capital Bancshares Inc Sets 52-Week High; Strong Momentum for Holders appeared first on Home Additiions Remodeling.

Hello You!

Enter your email address for stock alerts, discounts, promotions and more!

SEARCH THIS STORE