375,000 Shares in Atlantic Capital Bancshares Inc (ACBI) Acquired by Jacobs Asset Management LLC

Jacobs Asset Management LLC purchased a new stake in shares of Atlantic Capital Bancshares Inc (NASDAQ:ACBI) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 375,000 shares of the bank’s stock, valued at approximately $6,807,000. Atlantic Capital Bancshares accounts for approximately 1.3% of Jacobs Asset Management LLC’s holdings, making the stock its 29th biggest holding. Jacobs Asset Management LLC owned about 1.46% of Atlantic Capital Bancshares at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Legal & General Group Plc raised its position 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 purchasing an additional 611 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Atlantic Capital Bancshares during the third quarter worth $133,000. Principal Financial Group Inc. purchased a new stake in shares of Atlantic Capital Bancshares during the second quarter worth $201,000. Bank of America Corp DE increased its position in shares of Atlantic Capital Bancshares by 5.8% during the first quarter. Bank of America Corp DE now owns 10,900 shares of the bank’s stock worth $206,000 after acquiring an additional 598 shares during the period. Finally, Teton Advisors Inc. purchased a new stake in shares of Atlantic Capital Bancshares during the second quarter worth $217,000. 79.24% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Atlantic Capital Bancshares Inc (NASDAQ:ACBI) opened at $16.90 on Thursday. 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 firm has a market capitalization of $434.81 and a price-to-earnings ratio of 30.64. Atlantic Capital Bancshares Inc has a 12-month low of $15.20 and a 12-month high of $20.20.

Atlantic Capital Bancshares (NASDAQ:ACBI) last issued its earnings results on Friday, October 27th. The bank reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The firm had revenue of $23.77 million for the quarter, compared to analyst estimates of $26.19 million. Atlantic Capital Bancshares had a return on equity of 4.39% and a net margin of 12.34%. research analysts forecast that Atlantic Capital Bancshares Inc will post 0.61 EPS for the current fiscal year.

A number of analysts have recently weighed in on the company. BidaskClub lowered Atlantic Capital Bancshares from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Keefe, Bruyette & Woods set a $20.00 price objective on Atlantic Capital Bancshares and gave the stock a “hold” rating in a research report on Friday, August 18th. Finally, Zacks Investment Research lowered Atlantic Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $21.67.

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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.

Institutional Ownership by Quarter for Atlantic Capital Bancshares (NASDAQ:ACBI)

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