Atlantic Capital Bancshares (ACBI) Downgraded by BidaskClub to “Strong Sell”

Atlantic Capital Bancshares (NASDAQ:ACBI) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Friday.

Several other equities research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Atlantic Capital Bancshares from a “sell” rating to a “hold” rating and set a $20.00 target price for the company in a research note on Monday, January 1st. TheStreet upgraded shares of Atlantic Capital Bancshares from a “c” rating to a “b-” rating in a research note on Friday, December 22nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $20.00 target price on shares of Atlantic Capital Bancshares in a research note on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $21.00.

Atlantic Capital Bancshares (NASDAQ ACBI) opened at $17.70 on Friday. Atlantic Capital Bancshares has a one year low of $15.20 and a one year high of $20.20. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $457.96, a PE ratio of 32.78, a PEG ratio of 0.92 and a beta of 0.94.

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

In related news, COO D Michael Kramer sold 14,500 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $17.19, for a total value of $249,255.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.10% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in ACBI. Bank of New York Mellon Corp raised its holdings in Atlantic Capital Bancshares by 47.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,237,867 shares of the bank’s stock valued at $22,467,000 after acquiring an additional 398,984 shares during the period. Huber Capital Management LLC increased its holdings in shares of Atlantic Capital Bancshares by 205.2% during the third quarter. Huber Capital Management LLC now owns 591,775 shares of the bank’s stock worth $10,741,000 after purchasing an additional 397,879 shares during the period. Jacobs Asset Management LLC bought a new position in shares of Atlantic Capital Bancshares during the third quarter worth approximately $6,807,000. Stieven Capital Advisors L.P. bought a new position in shares of Atlantic Capital Bancshares during the third quarter worth approximately $3,171,000. Finally, Boston Partners increased its holdings in shares of Atlantic Capital Bancshares by 105.2% during the third quarter. Boston Partners now owns 245,914 shares of the bank’s stock worth $4,463,000 after purchasing an additional 126,100 shares during the period. 79.09% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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