What Next for Atlantic Capital Bancshares, Inc. (ACBI) Stock After Reaching 52-Week High?

May 18, 2018 - By Nellie Frank

Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) Logo

The stock of Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) hit a new 52-week high and has $22.62 target or 9.00 % above today’s $20.75 share price. The 5 months bullish chart indicates low risk for the $540.27M company. The 1-year high was reported on May, 18 by Barchart.com. If the $22.62 price target is reached, the company will be worth $48.62 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

It closed at $20.75 lastly. It is down 1.36% since May 18, 2017 and is downtrending. It has underperformed by 12.91% the S&P500.

Analysts await Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) to report earnings on July, 27. They expect $0.28 EPS, up 64.71 % or $0.11 from last year’s $0.17 per share. ACBI’s profit will be $7.29 million for 18.53 P/E if the $0.28 EPS becomes a reality. After $0.19 actual EPS reported by Atlantic Capital Bancshares, Inc. for the previous quarter, Wall Street now forecasts 47.37 % EPS growth.

Another recent and important Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) news was published by Globenewswire.com which published an article titled: “Atlantic Capital Bancshares, Inc. Reports First Quarter 2018 Results” on April 26, 2018.

Atlantic Capital Bancshares, Inc. operates as the holding firm for Atlantic Capital Bank, N.A. that provides commercial banking services and products in the United States. The company has market cap of $540.27 million. The firm 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. It currently has negative earnings. It also provides trust and wealth management, treasury management, and depository services; electronic payment services to payroll companies and other high transaction volume clients; capital market services; small business administration and franchise program loans; and online and mobile banking services.

Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) Ratings Chart

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