Pacific Ridge Capital Partners LLC lowered its stake in shares of Atlantic Capital Bancshares Inc (NASDAQ:ACBI) by 10.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 149,581 shares of the bank’s stock after selling 17,244 shares during the period. Pacific Ridge Capital Partners LLC owned 0.57% of Atlantic Capital Bancshares worth $2,505,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Atlantic Capital Bancshares during the second quarter valued at $102,000. Principal Financial Group Inc. acquired a new stake in Atlantic Capital Bancshares in the 1st quarter worth about $199,000. Voya Investment Management LLC acquired a new stake in Atlantic Capital Bancshares in the 2nd quarter worth about $226,000. Marshall Wace LLP acquired a new stake in Atlantic Capital Bancshares in the 2nd quarter worth about $235,000. Finally, Marco Investment Management LLC acquired a new stake in Atlantic Capital Bancshares in the 2nd quarter worth about $312,000. 84.06% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have issued reports on ACBI shares. BidaskClub lowered Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, August 29th. Keefe, Bruyette & Woods upgraded Atlantic Capital Bancshares from a “market perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a report on Thursday, November 15th. SunTrust Banks cut their price objective on Atlantic Capital Bancshares from $20.00 to $17.00 and set a “hold” rating on the stock in a report on Monday, October 29th. Zacks Investment Research upgraded Atlantic Capital Bancshares from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Monday, October 8th. Finally, ValuEngine upgraded Atlantic Capital Bancshares from a “sell” rating to a “hold” rating in a report on Monday, August 20th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $19.40.
Atlantic Capital Bancshares stock opened at $17.46 on Friday. The stock has a market capitalization of $456.37 million, a PE ratio of 32.94, a PEG ratio of 0.68 and a beta of 0.85. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41. Atlantic Capital Bancshares Inc has a 12 month low of $14.44 and a 12 month high of $21.60.
Atlantic Capital Bancshares (NASDAQ:ACBI) last released its quarterly earnings data on Thursday, October 25th. The bank reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The firm had revenue of $25.63 million during the quarter, compared to analysts’ expectations of $26.92 million. Atlantic Capital Bancshares had a return on equity of 6.95% and a net margin of 3.55%. On average, equities analysts forecast that Atlantic Capital Bancshares Inc will post 1 earnings per share for the current fiscal year.
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About Atlantic Capital Bancshares
Atlantic Capital Bancshares, Inc operates as the holding company for Atlantic Capital Bank, N.A. that provides commercial banking products and services in the United States. The company offers NOW, money market, savings, checking, time, Internet and brokered, and demand deposits; working capital and equipment loans, loans supported by owner-occupied real estate, revolving lines of credit, term loans, letters of credit, installment and term loans, and home equity lines of credit; residential mortgage loans; and commercial real estate loans, including secured construction loans, secured mini-permanent loans, and secured or unsecured lines of credit.
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