Atlantic Capital Bancshares (ACBI) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Atlantic Capital Bancshares (NASDAQ:ACBI) from a buy rating to a strong-buy rating in a report issued on Wednesday morning.

Several other research analysts have also issued reports on ACBI. TheStreet upgraded shares of Atlantic Capital Bancshares from a c rating to a b- rating in a report on Friday, December 22nd. Zacks Investment Research upgraded shares of Atlantic Capital Bancshares from a sell rating to a hold rating and set a $20.00 price target for the company in a report on Monday, January 1st. Keefe, Bruyette & Woods restated a hold rating and set a $20.00 price target on shares of Atlantic Capital Bancshares in a report on Monday, January 29th. SunTrust Banks reiterated a hold rating and issued a $18.00 price objective on shares of Atlantic Capital Bancshares in a research note on Monday, January 29th. Finally, Sandler O’Neill set a $18.00 price objective on shares of Atlantic Capital Bancshares and gave the company a hold rating in a research note on Monday, January 29th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and an average price target of $20.00.

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Atlantic Capital Bancshares stock opened at $18.75 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.92 and a quick ratio of 0.92. Atlantic Capital Bancshares has a 52-week low of $15.20 and a 52-week high of $19.85. The company has a market cap of $483.22, a price-to-earnings ratio of 34.72, a PEG ratio of 0.92 and a beta of 0.68.

Atlantic Capital Bancshares (NASDAQ:ACBI) last released its quarterly earnings results on Monday, January 29th. The bank reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.08). Atlantic Capital Bancshares had a positive return on equity of 4.33% and a negative net margin of 3.31%. The firm had revenue of $24.68 million for the quarter, compared to the consensus estimate of $24.55 million. analysts forecast that Atlantic Capital Bancshares will post 0.93 earnings per share for the current year.

In other news, insider Richard A. Jr. Oglesby sold 6,719 shares of Atlantic Capital Bancshares stock in a transaction on Friday, March 23rd. The shares were sold at an average price of $17.99, for a total value of $120,874.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Kurt A. Shreiner sold 2,500 shares of Atlantic Capital Bancshares stock in a transaction on Monday, March 5th. The shares were sold at an average price of $17.73, for a total transaction of $44,325.00. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of ACBI. First Trust Advisors LP grew its position in Atlantic Capital Bancshares by 32.2% in the 3rd quarter. First Trust Advisors LP now owns 52,978 shares of the bank’s stock valued at $962,000 after purchasing an additional 12,894 shares during the period. Bank of New York Mellon Corp grew its position in Atlantic Capital Bancshares by 47.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,237,867 shares of the bank’s stock valued at $22,467,000 after purchasing an additional 398,984 shares during the period. Russell Investments Group Ltd. grew its position in Atlantic Capital Bancshares by 134.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 208,674 shares of the bank’s stock valued at $3,787,000 after purchasing an additional 119,681 shares during the period. SG Americas Securities LLC acquired a new stake in Atlantic Capital Bancshares in the 3rd quarter valued at $133,000. Finally, TD Asset Management Inc. grew its position in Atlantic Capital Bancshares by 11.9% in the 3rd quarter. TD Asset Management Inc. now owns 37,675 shares of the bank’s stock valued at $684,000 after purchasing an additional 4,000 shares during the period. 80.14% of the stock is owned by institutional investors and hedge funds.

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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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