Atlantic Capital Bancshares, Inc. (ACBI) Surges to Record High, Is Now Top Performer

May 17, 2018 - By Kristen Paramore

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

The stock of Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) reached all time high today, May, 17 and still has $22.62 target or 9.00 % above today’s $20.75 share price. This indicates more upside for the $540.27M company. This technical setup was reported by Barchart.com. If the $22.62 PT is reached, the company will be worth $48.62M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 0.73% or $0.15 during the last trading session, reaching $20.75. About 52,364 shares traded. Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) has declined 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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