Banking is an integral part of our lives. Whatever money we earn, we go to banks to keep it safe. We turn to the services of banks to help us maintain our financial conditions. Banks play a vital role in our lives, by helping us manage our finances. While it is beneficial for individuals, it is even more beneficial for businesses. Come to think of it, businesses probably wouldn’t be able to survive without the help of banks. Banks provide the lifeblood of businesses, that is money. On a macro level, a country’s banking system indicates how good or bad the economic conditions in the country are.
While investing in bank stocks, investors must look out for the bank’s bad loans. The state of bad loans indicates the bank’s health. If the bad loans are properly managed, the bank is most likely to function smoothly and efficiently. But in case bad loans are mismanaged, it could result in wiping out a big portion of investors’ wealth and weaken the bank’s condition. Ultimately, it all depends upon the loan quality. Bank stocks can provide you with the right amount of stability and risk, which is good for investors who do not want a lot of risks and also look for steady returns.
If you are an investor looking to put your money in bank stocks, you should check out Atlantic Capital Bancshares Inc. Founded in 2006, this is a bank holding company for Atlantic Capital Bank, based in Atlanta, Georgia. Mr. Douglas L. Williams is the president, director, and CEO of the company. The company offers various accounts, such as interest-bearing, noninterest-bearing, demand, savings, money market, brokered deposits, etc. It also provides loans for working capital and equipment requirements, revolving lines of credit, letters of credit, etc. The company’s products serve small and medium-sized businesses like franchisees, not for profit institutions, real estate developers, etc.
Atlantic Capital Bancshares is listed on Nasdaq under the ticker ‘ACBI’. The company’s market cap is $236.07 million. The bank reported its first-quarter earnings for 2020. This revealed an EPS of $0.10 per share and earnings of $23.63 million. Before the covid-19 pandemic, the NASDAQ: ACBI stock at https://www.webull.com/quote/nasdaq-acbi was traded for $14.59, but ever since a pandemic was declared the stock has currently been trading for $11.03.
NASDAQ: ACBI has received an overall ‘buy’ rating, with 2 ‘buy’ and 1 ‘hold’ ratings. Analysts have set a price target of $16. The stock is expected to reach a price range of $14 to $18 in the coming 12 months. You can check these stock information at stock trading apps. Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.