Atlantic Capital Bancshares (ACBI) Upgraded at BidaskClub

Atlantic Capital Bancshares (NASDAQ:ACBI) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Friday.

ACBI has been the subject of several other reports. Zacks Investment Research raised Atlantic Capital Bancshares from a “sell” rating to a “hold” rating and set a $20.00 price objective for the company in a report on Monday, January 1st. FIG Partners raised Atlantic Capital Bancshares from a “market perform” rating to an “outperform” rating in a report on Tuesday. Sandler O’Neill set a $18.00 price objective on Atlantic Capital Bancshares and gave the company a “hold” rating in a report on Monday, January 29th. SunTrust Banks reissued a “hold” rating and issued a $18.00 price objective on shares of Atlantic Capital Bancshares in a report on Monday, January 29th. Finally, TheStreet raised Atlantic Capital Bancshares from a “c” rating to a “b-” rating in a report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $19.80.

Shares of Atlantic Capital Bancshares (NASDAQ:ACBI) traded down $0.20 during trading on Friday, reaching $17.85. The company had a trading volume of 32,909 shares, compared to its average volume of 80,096. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $464.12, a price-to-earnings ratio of -137.31, a P/E/G ratio of 0.90 and a beta of 0.82. Atlantic Capital Bancshares has a 1 year low of $15.20 and a 1 year high of $19.85.

Atlantic Capital Bancshares (NASDAQ:ACBI) last announced its quarterly earnings data on Monday, January 29th. The bank reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.08). The firm had revenue of $24.68 million during the quarter, compared to the consensus estimate of $24.55 million. Atlantic Capital Bancshares had a negative net margin of 3.31% and a positive return on equity of 4.29%. equities analysts anticipate that Atlantic Capital Bancshares will post 0.92 EPS for the current year.

In other news, COO D Michael Kramer sold 14,500 shares of the company’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 transaction of $249,255.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.10% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of ACBI. Legal & General Group Plc grew its holdings in shares of Atlantic Capital Bancshares by 11.4% during 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 last quarter. SG Americas Securities LLC bought a new position in shares of Atlantic Capital Bancshares during the third quarter valued at approximately $133,000. Principal Financial Group Inc. bought a new position in shares of Atlantic Capital Bancshares during the second quarter valued at approximately $201,000. Patten Group Inc. grew its holdings 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 purchasing an additional 38,653 shares during the last quarter. Finally, Nationwide Fund Advisors grew its holdings in shares of Atlantic Capital Bancshares by 16.6% during 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 last quarter. 79.15% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Atlantic Capital Bancshares (NASDAQ:ACBI)

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