Atlantic Capital Bancshares Inc (ACBI) Receives $21.00 Average PT from Analysts

Shares of Atlantic Capital Bancshares Inc (NASDAQ:ACBI) have been assigned a consensus rating of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $21.00.

ACBI has been the subject of several research analyst reports. TheStreet upgraded Atlantic Capital Bancshares from a “c” rating to a “b-” rating in a research note on Friday, December 22nd. Zacks Investment Research raised Atlantic Capital Bancshares from a “sell” rating to a “hold” rating and set a $20.00 target price on the stock in a report on Monday, January 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set 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 Atlantic Capital Bancshares news, COO D Michael Kramer sold 14,500 shares of the firm’s stock in a transaction that occurred on 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 document filed with the SEC, which is available through this hyperlink. 3.10% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of ACBI. Legal & General Group Plc grew its holdings in Atlantic Capital Bancshares by 11.4% in the second quarter. Legal & General Group Plc now owns 5,954 shares of the bank’s stock valued at $114,000 after purchasing an additional 611 shares during the period. SG Americas Securities LLC acquired a new stake in Atlantic Capital Bancshares in the third quarter valued at approximately $133,000. Principal Financial Group Inc. acquired a new stake in Atlantic Capital Bancshares in the second quarter valued at approximately $201,000. Patten Group Inc. grew its holdings in Atlantic Capital Bancshares by 305.5% in the third quarter. Patten Group Inc. now owns 51,304 shares of the bank’s stock valued at $239,000 after purchasing an additional 38,653 shares during the period. Finally, Nationwide Fund Advisors grew its holdings in Atlantic Capital Bancshares by 16.6% in the second quarter. Nationwide Fund Advisors now owns 12,930 shares of the bank’s stock valued at $246,000 after purchasing an additional 1,839 shares during the period. 79.09% of the stock is currently owned by institutional investors.

Shares of Atlantic Capital Bancshares (ACBI) traded up $0.05 during trading hours on Tuesday, hitting $17.75. The stock had a trading volume of 65,756 shares, compared to its average volume of 83,521. Atlantic Capital Bancshares has a 1 year low of $15.20 and a 1 year high of $20.20. The stock has a market capitalization of $456.67, a PE ratio of 32.27, a price-to-earnings-growth ratio of 0.92 and a beta of 0.94. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 0.94.

Atlantic Capital Bancshares (NASDAQ:ACBI) last announced its quarterly earnings data on Friday, October 27th. The bank reported $0.16 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $23.77 million during the quarter, compared to analysts’ expectations of $26.19 million. research analysts expect that Atlantic Capital Bancshares will post 0.61 EPS for the current fiscal year.

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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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