A number of other brokerages have also recently weighed in on ACBI. Zacks Investment Research cut shares of Atlantic Capital Bancshares from a buy rating to a hold rating in a research report on Tuesday, July 9th. Gabelli reissued a buy rating on shares of Atlantic Capital Bancshares in a research report on Monday, July 29th. Keefe, Bruyette & Woods raised shares of Atlantic Capital Bancshares from a market perform rating to an outperform rating in a research report on Friday, September 6th. Finally, SunTrust Banks reduced their price target on shares of Atlantic Capital Bancshares from $20.00 to $19.00 and set a hold rating for the company in a research report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $19.20.
Atlantic Capital Bancshares stock opened at $17.70 on Friday. The stock has a market cap of $411.37 million, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 1.54 and a beta of 0.98. The company has a fifty day simple moving average of $17.24 and a 200-day simple moving average of $17.49. Atlantic Capital Bancshares has a 12-month low of $14.44 and a 12-month high of $19.79. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.39.
Atlantic Capital Bancshares (NASDAQ:ACBI) last released its quarterly earnings data on Thursday, July 25th. The bank reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.04. The business had revenue of $22.92 million during the quarter, compared to analysts’ expectations of $50.00 million. Atlantic Capital Bancshares had a net margin of 42.79% and a return on equity of 8.56%. As a group, sell-side analysts forecast that Atlantic Capital Bancshares will post 1.11 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the company. Panagora Asset Management Inc. purchased a new stake in shares of Atlantic Capital Bancshares in the second quarter valued at about $33,000. BNP Paribas Arbitrage SA increased its stake in shares of Atlantic Capital Bancshares by 1,750.2% during the first quarter. BNP Paribas Arbitrage SA now owns 5,162 shares of the bank’s stock worth $92,000 after acquiring an additional 4,883 shares during the period. Aperio Group LLC acquired a new position in shares of Atlantic Capital Bancshares during the second quarter worth about $115,000. United Capital Financial Advisers LLC acquired a new position in shares of Atlantic Capital Bancshares during the second quarter worth about $171,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Atlantic Capital Bancshares during the first quarter worth about $208,000. 86.50% of the stock is owned by institutional investors and hedge funds.
About Atlantic Capital Bancshares
Atlantic Capital Bancshares, Inc operates as the bank holding company for Atlantic Capital Bank, N.A. that provides banking products and services in the Metropolitan Atlanta and rest of the United States. The company offers non-interest and interest bearing demand, savings and money market, time, and brokered deposits; and NOW accounts.
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