Atlantic Capital Bancshares (NASDAQ:ACBI) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Saturday, February 10th.
ACBI has been the subject of a number of other research reports. TheStreet raised shares of Atlantic Capital Bancshares from a “c” rating to a “b-” rating in a research report on Friday, December 22nd. Sandler O’Neill set a $18.00 target price on shares of Atlantic Capital Bancshares and gave the company a “hold” rating in a report on Monday, January 29th. SunTrust Banks restated a “hold” rating and issued a $18.00 target price on shares of Atlantic Capital Bancshares in a report on Monday, January 29th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $20.00 target price on shares of Atlantic Capital Bancshares in a report on Monday, January 29th. Finally, FIG Partners upgraded shares of Atlantic Capital Bancshares from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Atlantic Capital Bancshares has an average rating of “Hold” and a consensus target price of $19.80.
Shares of Atlantic Capital Bancshares (ACBI) traded up $0.10 during trading hours on Friday, hitting $17.45. 53,346 shares of the stock traded hands, compared to its average volume of 92,234. The stock has a market capitalization of $448.69, a P/E ratio of 32.31, a price-to-earnings-growth ratio of 0.87 and a beta of 0.82. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54. Atlantic Capital Bancshares has a 1-year low of $15.20 and a 1-year high of $19.85.
Atlantic Capital Bancshares (NASDAQ:ACBI) last announced its quarterly earnings data on Monday, January 29th. The bank reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.08). The company had revenue of $24.68 million during the quarter, compared to analyst estimates of $24.55 million. Atlantic Capital Bancshares had a negative net margin of 3.31% and a positive return on equity of 4.29%. sell-side analysts forecast that Atlantic Capital Bancshares will post 0.92 earnings per share for the current fiscal year.
In related news, COO D Michael Kramer sold 14,500 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $17.19, for a total value of $249,255.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.10% of the company’s stock.
Several large investors have recently modified their holdings of the business. MetLife Investment Advisors LLC acquired a new stake in shares of Atlantic Capital Bancshares during the fourth quarter worth $184,000. Millennium Management LLC raised its holdings in shares of Atlantic Capital Bancshares by 10.8% during the fourth quarter. Millennium Management LLC now owns 314,977 shares of the bank’s stock worth $5,544,000 after purchasing an additional 30,583 shares during the period. Two Sigma Investments LP raised its holdings in shares of Atlantic Capital Bancshares by 22.4% during the fourth quarter. Two Sigma Investments LP now owns 96,531 shares of the bank’s stock worth $1,699,000 after purchasing an additional 17,684 shares during the period. Two Sigma Advisers LP grew its position in shares of Atlantic Capital Bancshares by 30.8% during the fourth quarter. Two Sigma Advisers LP now owns 64,900 shares of the bank’s stock worth $1,142,000 after acquiring an additional 15,300 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in shares of Atlantic Capital Bancshares during the fourth quarter worth about $574,000. 79.43% of the stock is currently owned by 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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