Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) has received a consensus rating of “Hold” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $21.50.

Several equities analysts recently issued reports on ACBI shares. Zacks Investment Research upgraded Atlantic Capital Bancshares from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Wednesday, August 2nd. Keefe, Bruyette & Woods set a $20.00 price objective on Atlantic Capital Bancshares and gave the stock a “hold” rating in a research note on Friday, August 18th. Finally, BidaskClub cut Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th.

In related news, major shareholder Stone Point Capital Llc sold 3,109,127 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $16.50, for a total transaction of $51,300,595.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.10% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc lifted its stake 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 buying an additional 611 shares during the last quarter. Principal Financial Group Inc. bought a new stake in Atlantic Capital Bancshares in the second quarter valued at $201,000. American International Group Inc. lifted its stake in Atlantic Capital Bancshares by 7.0% in the first quarter. American International Group Inc. now owns 10,661 shares of the bank’s stock valued at $202,000 after buying an additional 702 shares during the last quarter. Bank of America Corp DE lifted its stake in Atlantic Capital Bancshares by 5.8% in the first quarter. Bank of America Corp DE now owns 10,900 shares of the bank’s stock valued at $206,000 after buying an additional 598 shares during the last quarter. Finally, Nationwide Fund Advisors lifted its stake in Atlantic Capital Bancshares by 1.8% in the first quarter. Nationwide Fund Advisors now owns 11,091 shares of the bank’s stock valued at $210,000 after buying an additional 193 shares during the last quarter. Hedge funds and other institutional investors own 78.40% of the company’s stock.

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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 Thomson Reuters’ consensus estimate of $0.19 by ($0.03). Atlantic Capital Bancshares had a return on equity of 4.44% and a net margin of 12.34%. The firm had revenue of $23.77 million for the quarter, compared to the consensus estimate of $26.19 million.

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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