Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) by 8.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 780,758 shares of the bank’s stock after acquiring an additional 58,216 shares during the period. Vanguard Group Inc. owned 3.04% of Atlantic Capital Bancshares worth $14,835,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Bank of New York Mellon Corp increased its stake in shares of Atlantic Capital Bancshares by 52.9% in the second quarter. Bank of New York Mellon Corp now owns 838,883 shares of the bank’s stock worth $15,939,000 after purchasing an additional 290,120 shares in the last quarter. Northern Trust Corp increased its stake in shares of Atlantic Capital Bancshares by 27.7% in the second quarter. Northern Trust Corp now owns 249,876 shares of the bank’s stock worth $4,747,000 after purchasing an additional 54,238 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Atlantic Capital Bancshares by 25.0% in the first quarter. Renaissance Technologies LLC now owns 239,767 shares of the bank’s stock worth $4,544,000 after purchasing an additional 47,951 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Atlantic Capital Bancshares by 2.8% in the first quarter. Geode Capital Management LLC now owns 138,736 shares of the bank’s stock worth $2,629,000 after purchasing an additional 3,830 shares in the last quarter. Finally, Boston Partners increased its stake in shares of Atlantic Capital Bancshares by 13.4% in the second quarter. Boston Partners now owns 119,814 shares of the bank’s stock worth $2,276,000 after purchasing an additional 14,200 shares in the last quarter. 79.24% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Atlantic Capital Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. BidaskClub downgraded 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 price objective on shares of Atlantic Capital Bancshares and gave the company a “hold” rating in a research note on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $21.67.

Shares of Atlantic Capital Bancshares, Inc. (NASDAQ ACBI) remained flat at $$16.85 during trading hours on Monday. 94,356 shares of the company were exchanged, compared to its average volume of 83,595. The company has a market cap of $433.52, a PE ratio of 30.64, a PEG ratio of 1.26 and a beta of 0.94. Atlantic Capital Bancshares, Inc. has a 1 year low of $15.20 and a 1 year 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.

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

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Atlantic Capital Bancshares Company Profile

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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