BidaskClub Lowers Atlantic Capital Bancshares (ACBI) to Sell

BidaskClub cut shares of Atlantic Capital Bancshares (NASDAQ:ACBI) from a hold rating to a sell rating in a report issued on Friday.

Several other equities research analysts also recently commented on ACBI. TheStreet upgraded 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 stock a hold rating in a research report on Monday, January 29th. SunTrust Banks reiterated a hold rating and set a $18.00 target price on shares of Atlantic Capital Bancshares in a research report on Monday, January 29th. FIG Partners upgraded shares of Atlantic Capital Bancshares from a market perform rating to an outperform rating in a research report on Tuesday, January 30th. Finally, Zacks Investment Research upgraded shares of Atlantic Capital Bancshares from a sell rating to a hold rating and set a $20.00 target price on the stock in a research report on Monday, January 1st. One research 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 a consensus rating of Hold and an average target price of $19.80.

Shares of Atlantic Capital Bancshares (NASDAQ:ACBI) opened at $17.45 on Friday. Atlantic Capital Bancshares has a one year low of $15.20 and a one year high of $19.85. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.54. The firm has a market cap of $448.69 and a P/E ratio of -116.33.

Atlantic Capital Bancshares (NASDAQ:ACBI) last posted its quarterly earnings results on Monday, January 29th. The bank reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.08). Atlantic Capital Bancshares had a negative net margin of 3.31% and a positive return on equity of 4.29%. The company had revenue of $24.68 million during the quarter, compared to analyst estimates of $24.55 million. sell-side analysts anticipate that Atlantic Capital Bancshares will post 0.92 earnings per share for the current year.

In related news, COO D Michael Kramer sold 14,500 shares of Atlantic Capital Bancshares stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $17.19, for a total transaction of $249,255.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.10% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in ACBI. Schwab Charles Investment Management Inc. raised its holdings in Atlantic Capital Bancshares by 38.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 36,400 shares of the bank’s stock worth $692,000 after purchasing an additional 10,200 shares during the last quarter. Swiss National Bank bought a new position in Atlantic Capital Bancshares during the 2nd quarter worth approximately $688,000. Alliancebernstein L.P. bought a new position in Atlantic Capital Bancshares during the 2nd quarter worth approximately $262,000. Teachers Advisors LLC raised its holdings in Atlantic Capital Bancshares by 28.1% during the 2nd quarter. Teachers Advisors LLC now owns 36,930 shares of the bank’s stock worth $702,000 after purchasing an additional 8,096 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in Atlantic Capital Bancshares by 11.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 55,866 shares of the bank’s stock worth $1,061,000 after purchasing an additional 5,770 shares during the last quarter. Hedge funds and other institutional investors own 79.86% of the company’s stock.

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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.

Analyst Recommendations for Atlantic Capital Bancshares (NASDAQ:ACBI)

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