NasdaqGS:ACBI

Stock Analysis Report

Atlantic Capital Bancshares

Executive Summary

Atlantic Capital Bancshares, Inc. operates as the bank holding company for Atlantic Capital Bank, N.A.


Snowflake Analysis

Flawless balance sheet and good value.


Similar Companies

Share Price & News

How has Atlantic Capital Bancshares's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ACBI's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

12.0%

ACBI

2.9%

US Banks

5.3%

US Market


1 Year Return

-35.3%

ACBI

-27.8%

US Banks

-10.7%

US Market

Return vs Industry: ACBI underperformed the US Banks industry which returned -26.4% over the past year.

Return vs Market: ACBI underperformed the US Market which returned -10.4% over the past year.


Shareholder returns

ACBIIndustryMarket
7 Day12.0%2.9%5.3%
30 Day-37.4%-26.3%-13.6%
90 Day-35.7%-39.3%-19.8%
1 Year-35.3%-35.3%-25.6%-27.8%-8.9%-10.7%
3 Year-37.4%-37.4%-17.1%-23.1%15.5%8.0%
5 Yearn/a10.9%-1.7%35.2%20.4%

Price Volatility Vs. Market

How volatile is Atlantic Capital Bancshares's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Atlantic Capital Bancshares undervalued compared to its fair value and its price relative to the market?

42.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ACBI ($12.15) is trading below our estimate of fair value ($20.24)

Significantly Below Fair Value: ACBI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ACBI is poor value based on its PE Ratio (10.1x) compared to the Banks industry average (8.9x).

PE vs Market: ACBI is good value based on its PE Ratio (10.1x) compared to the US market (13.1x).


Price to Earnings Growth Ratio

PEG Ratio: ACBI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: ACBI is good value based on its PB Ratio (0.8x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

How is Atlantic Capital Bancshares forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

-6.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ACBI's earnings are forecast to decline over the next 3 years (-6.7% per year).

Earnings vs Market: ACBI's earnings are forecast to decline over the next 3 years (-6.7% per year).

High Growth Earnings: ACBI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ACBI's revenue (6.9% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: ACBI's revenue (6.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ACBI's Return on Equity is forecast to be low in 3 years time (7.2%).


Next Steps

Past Performance

How has Atlantic Capital Bancshares performed over the past 5 years?

38.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ACBI has high quality earnings.

Growing Profit Margin: ACBI's current net profit margins (31.7%) are lower than last year (33.3%).


Past Earnings Growth Analysis

Earnings Trend: ACBI's earnings have grown significantly by 38% per year over the past 5 years.

Accelerating Growth: ACBI's earnings growth over the past year (0.4%) is below its 5-year average (38% per year).

Earnings vs Industry: ACBI earnings growth over the past year (0.4%) underperformed the Banks industry 10.9%.


Return on Equity

High ROE: ACBI's Return on Equity (8.6%) is considered low.


Next Steps

Financial Health

How is Atlantic Capital Bancshares's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: ACBI has a low level of unsold assets or inventory.

Debt Coverage by Assets: ACBI's debt is covered by short term assets (assets are 8.8x debt).


Financial Institutions Analysis

Asset Level: ACBI's level of assets compared to its equity is low.

Allowance for Bad Loans: ACBI has a sufficient allowance for bad loans.

Low Risk Liabilities: ACBI's liabilities are made up of primarily low risk sources of funding.

Loan Level: ACBI has an acceptable proportion of non-loan assets held.

Low Risk Deposits: ACBI's loans are broadly funded by customer deposits.

Level of Bad Loans: ACBI has an appropriate level of bad loans (0.39%)


Next Steps

Dividend

What is Atlantic Capital Bancshares's current dividend yield, its reliability and sustainability?

1.98%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ACBI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate ACBI's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ACBI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ACBI's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ACBI's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.5yrs

Average management tenure


CEO

Doug Williams (61yo)

13.5s

Tenure

US$1,305,646

Compensation

Mr. Douglas L. Williams is the President, Chief Executive Officer and a Director of Atlantic Capital Bank, National Association and its holding company, Atlantic Capital Bancshares, Inc. From July 2003 ...


CEO Compensation Analysis

Compensation vs Market: Doug's total compensation ($USD1.31M) is about average for companies of similar size in the US market ($USD1.49M).

Compensation vs Earnings: Doug's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Douglas Williams
President13.5yrsUS$1.31m1.06% $2.7m
Patrick Oakes
Executive VP4.5yrsUS$819.67k0.11% $292.6k
Richard Oglesby
President of Atlanta Division13.5yrsUS$805.28k0.25% $629.2k
Mark Robertson
Executive Vice President of Operations & Information Technologyno datano datano data
Annette Rollins
Executive VP & Chief Human Resources Officerno datano data0.038% $96.6k
Kurt Shreiner
President of Corporate Financial Services Divisionno datano data0.31% $795.4k
Gary Fleming
Executive VP & Chief Risk Officer2.5yrsno data0.12% $310.8k
Robert Bugbee
Executive VP & Chief Credit Officer2.5yrsno data0.20% $521.9k
Ashley Carson
Executive Vice President of Corporate & Community Affairsno datano datano data

4.5yrs

Average Tenure

54yo

Average Age

Experienced Management: ACBI's management team is considered experienced (4.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Douglas Williams
President13.5yrsUS$1.31m1.06% $2.7m
Walter Deriso
Non-Executive Chairman13.5yrsUS$125.00k0.81% $2.1m
James Graves
Independent Director2.58yrsUS$50.00k0.084% $215.3k
R. Shufeldt
Lead Independent Directorno dataUS$56.50k0.076% $195.6k
Lizanne Thomas
Independent Director4.42yrsUS$55.00k0.024% $60.7k
Marietta Zakas
Independent Director9.08yrsUS$57.00k0.056% $142.3k
Douglas Hertz
Independent Director9.08yrsUS$56.50k0.058% $147.4k
Henchy Enden
Independent Director4.5yrsUS$50.00k0.034% $86.0k
Shantella Cooper
Independent Director1.17yrsno data0.0083% $21.3k
Thomas Holder
Director0.083yrno data0.12% $299.7k

4.5yrs

Average Tenure

61.5yo

Average Age

Experienced Board: ACBI's board of directors are considered experienced (6.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ACBI insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Atlantic Capital Bancshares, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Atlantic Capital Bancshares, Inc.
  • Ticker: ACBI
  • Exchange: NasdaqGS
  • Founded: 2006
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$256.277m
  • Shares outstanding: 21.59m
  • Website: https://www.atlanticcapitalbank.com

Number of Employees


Location

  • Atlantic Capital Bancshares, Inc.
  • 945 East Paces Ferry Road NE
  • Suite 1600
  • Atlanta
  • Georgia
  • 30326
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ACBINasdaqGS (Nasdaq Global Select)YesCommon SharesUSUSDNov 2015
41KDB (Deutsche Boerse AG)YesCommon SharesDEEURNov 2015

Biography

Atlantic Capital Bancshares, Inc. operates as the bank holding company for Atlantic Capital Bank, N.A. that provides banking products and services in the Metropolitan Atlanta and rest of the United States. The company offers non-interest and interest bearing demand, savings and money market, time, and brokered deposits; and NOW accounts. 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. In addition, the company offers cash and treasury management, capital market, payment processing, specialty commercial lending, small business administration and franchise lending, payroll, electronic payment, and online and mobile banking services. It serves small and mid-sized businesses, franchisees, commercial enterprises, not for profit institutions, institutional caliber commercial real estate developers and investors, public real estate investment trusts and other commercial real estate clients, and individuals and professional services businesses. The company primarily operates a loan production office Athens, Georgia; and 16 additional locations located in Fulton, Whitfield, and Oconee County, Georgia, as well as Hamilton, Union, Jefferson, Knox, and Loudon County, Tennessee. The company was founded in 2006 and is headquartered in Atlanta, Georgia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/01 03:33
End of Day Share Price2020/03/31 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.