Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) Shares Bought by Northern Trust Corp

Northern Trust Corp raised its stake in shares of Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) by 27.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 249,876 shares of the bank’s stock after purchasing an additional 54,238 shares during the quarter. Northern Trust Corp owned 0.97% of Atlantic Capital Bancshares worth $4,747,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American International Group Inc. boosted its holdings in Atlantic Capital Bancshares by 7.0% during the first quarter. American International Group Inc. now owns 10,661 shares of the bank’s stock valued at $202,000 after purchasing an additional 702 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Atlantic Capital Bancshares by 7.1% in the first quarter. Vanguard Group Inc. now owns 722,542 shares of the bank’s stock valued at $13,692,000 after acquiring an additional 47,812 shares during the last quarter. TD Asset Management Inc. raised its stake in shares of Atlantic Capital Bancshares by 52.5% in the second quarter. TD Asset Management Inc. now owns 33,675 shares of the bank’s stock valued at $640,000 after acquiring an additional 11,600 shares during the last quarter. Swiss National Bank bought a new position in shares of Atlantic Capital Bancshares in the second quarter valued at approximately $688,000. Finally, Teachers Advisors LLC raised its stake in shares of Atlantic Capital Bancshares by 28.1% in the second quarter. Teachers Advisors LLC now owns 36,930 shares of the bank’s stock valued at $702,000 after acquiring an additional 8,096 shares during the last quarter. 79.24% of the stock is currently owned by institutional investors.

Atlantic Capital Bancshares, Inc. (ACBI) remained flat at $$16.85 during trading hours on Monday. 94,356 shares of the company traded hands, compared to its average volume of 83,595. Atlantic Capital Bancshares, Inc. has a 52-week low of $15.20 and a 52-week high of $20.20. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $433.52, a P/E ratio of 30.64, a PEG ratio of 1.26 and a beta of 0.94.

Atlantic Capital Bancshares (NASDAQ:ACBI) last posted its quarterly earnings data on Friday, October 27th. The bank reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.03). Atlantic Capital Bancshares had a return on equity of 4.39% and a net margin of 12.34%. The company had revenue of $23.77 million during the quarter, compared to the consensus estimate of $26.19 million. research analysts forecast that Atlantic Capital Bancshares, Inc. will post 0.61 EPS for the current year.

A number of research analysts have recently issued reports on ACBI shares. Zacks Investment Research cut shares of Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. BidaskClub cut shares of Atlantic Capital Bancshares from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Finally, Keefe, Bruyette & Woods set a $20.00 target price on shares of Atlantic Capital Bancshares and gave the company a “hold” rating in a research note on Friday, August 18th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $21.67.

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About Atlantic Capital Bancshares

Atlantic Capital Bancshares, Inc is the bank holding company for Atlantic Capital Bank (the Bank). The Bank operates as a commercial bank. The Bank provides an array of credit, treasury management and deposit products and services to growth businesses, middle market corporations, commercial real estate developers and investors, and private clients.

Institutional Ownership by Quarter for Atlantic Capital Bancshares (NASDAQ:ACBI)

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