Atlantic Capital Bancshares’ (ACBI) “Hold” Rating Reaffirmed at Keefe, Bruyette & Woods

Atlantic Capital Bancshares (NASDAQ:ACBI)‘s stock had its “hold” rating restated by stock analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Monday. They presently have a $20.00 price target on the bank’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 19.40% from the stock’s previous close.

A number of other brokerages also recently weighed in on ACBI. Zacks Investment Research downgraded shares of Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. BidaskClub downgraded shares of Atlantic Capital Bancshares from a “sell” rating to a “strong sell” rating in a research note on Friday, January 19th. Finally, TheStreet raised shares of Atlantic Capital Bancshares from a “c” rating to a “b-” rating in a research note on Friday, December 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $21.00.

Shares of Atlantic Capital Bancshares (ACBI) traded down $0.25 during midday trading on Monday, hitting $16.75. 73,067 shares of the company’s stock were exchanged, compared to its average volume of 82,930. Atlantic Capital Bancshares has a fifty-two week low of $15.20 and a fifty-two week high of $19.85. The company has a market capitalization of $437.38, a P/E ratio of 31.02, a price-to-earnings-growth ratio of 0.88 and a beta of 0.94. The company has a quick ratio of 0.94, a current 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 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.03). Atlantic Capital Bancshares had a net margin of 12.34% and a return on equity of 4.39%. The business had revenue of $23.77 million for the quarter, compared to the consensus estimate of $26.19 million. research analysts forecast that Atlantic Capital Bancshares will post 0.61 earnings per share for the current year.

In other news, COO D Michael Kramer sold 14,500 shares of the 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 legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.10% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Stone Point Capital LLC purchased a new stake in shares of Atlantic Capital Bancshares during the fourth quarter valued at approximately $46,575,000. RMB Capital Management LLC boosted its holdings in Atlantic Capital Bancshares by 269.8% in the third quarter. RMB Capital Management LLC now owns 2,647,103 shares of the bank’s stock worth $39,653,000 after purchasing an additional 1,931,254 shares during the last quarter. Mendon Capital Advisors Corp boosted its holdings in Atlantic Capital Bancshares by 34.0% in the first quarter. Mendon Capital Advisors Corp now owns 1,539,571 shares of the bank’s stock worth $21,462,000 after purchasing an additional 390,451 shares during the last quarter. Endeavour Capital Advisors Inc. boosted its holdings in Atlantic Capital Bancshares by 5.5% in the first quarter. Endeavour Capital Advisors Inc. now owns 1,267,384 shares of the bank’s stock worth $17,667,000 after purchasing an additional 66,110 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Atlantic Capital Bancshares by 47.6% in the third quarter. Bank of New York Mellon Corp now owns 1,237,867 shares of the bank’s stock worth $22,467,000 after purchasing an additional 398,984 shares during the last quarter. Hedge funds and other institutional investors own 79.15% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this article can be read at https://www.americanbankingnews.com/2018/01/29/atlantic-capital-bancshares-acbi-hold-rating-reaffirmed-at-keefe-bruyette-woods.html.

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.

Receive News & Ratings for Atlantic Capital Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlantic Capital Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply