Shares of Atlantic Capital Bancshares Inc (NASDAQ:ACBI) have received an average rating of “Hold” from the seven research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $21.00.
ACBI has been the topic of a number of recent analyst reports. TheStreet raised Atlantic Capital Bancshares from a “c” rating to a “b-” rating in a report on Friday, December 22nd. Zacks Investment Research raised Atlantic Capital Bancshares from a “sell” rating to a “hold” rating and set a $20.00 price target on the stock in a report on Monday, January 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $20.00 target price on shares of Atlantic Capital Bancshares in a report on Wednesday, October 4th. Finally, BidaskClub raised Atlantic Capital Bancshares from a “strong sell” rating to a “sell” rating in a report on Friday, December 22nd.
In other news, COO D Michael Kramer sold 14,500 shares of Atlantic Capital Bancshares stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $17.19, for a total value of $249,255.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.10% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Patten Group Inc. boosted its position in shares of Atlantic Capital Bancshares by 305.5% during the third quarter. Patten Group Inc. now owns 51,304 shares of the bank’s stock valued at $239,000 after buying an additional 38,653 shares during the period. Jacobs Asset Management LLC bought a new stake in shares of Atlantic Capital Bancshares during the third quarter valued at approximately $6,807,000. Maltese Capital Management LLC bought a new stake in shares of Atlantic Capital Bancshares during the third quarter valued at approximately $373,000. Prospector Partners LLC raised its stake in shares of Atlantic Capital Bancshares by 10.0% during the third quarter. Prospector Partners LLC now owns 120,608 shares of the bank’s stock valued at $2,189,000 after acquiring an additional 11,000 shares in the last quarter. Finally, Synovus Financial Corp raised its stake in shares of Atlantic Capital Bancshares by 12.2% during the third quarter. Synovus Financial Corp now owns 115,843 shares of the bank’s stock valued at $2,103,000 after acquiring an additional 12,555 shares in the last quarter. Institutional investors own 79.09% of the company’s stock.
Shares of Atlantic Capital Bancshares (NASDAQ:ACBI) traded up $0.05 during trading on Tuesday, reaching $18.05. The company had a trading volume of 60,600 shares, compared to its average volume of 111,567. Atlantic Capital Bancshares has a one year low of $15.20 and a one year high of $20.20. The company has a market cap of $464.39, a PE ratio of 33.43, a P/E/G ratio of 0.93 and a beta of 0.94. 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 (NASDAQ:ACBI) last announced its earnings results on Friday, October 27th. The bank reported $0.16 EPS for the quarter, missing the Zacks’ 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. equities research analysts anticipate that Atlantic Capital Bancshares will post 0.61 EPS for the current fiscal 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.
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