Atlantic Capital Bancshares Inc (NASDAQ:ACBI) Given Average Recommendation of “Hold” by Brokerages

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Shares of Atlantic Capital Bancshares Inc (NASDAQ:ACBI) have earned a consensus recommendation of “Hold” from the eight research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $19.33.

ACBI has been the subject of several analyst reports. BidaskClub lowered Atlantic Capital Bancshares from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 28th. Zacks Investment Research lowered Atlantic Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 8th. Finally, Raymond James lowered Atlantic Capital Bancshares from an “outperform” rating to a “market perform” rating in a research report on Monday, April 29th.

Shares of NASDAQ:ACBI traded up $0.09 during midday trading on Tuesday, hitting $16.60. The company had a trading volume of 4,088 shares, compared to its average volume of 85,790. Atlantic Capital Bancshares has a twelve month low of $14.44 and a twelve month high of $20.95. The company has a current ratio of 0.92, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $401.58 million, a PE ratio of 15.41, a price-to-earnings-growth ratio of 0.58 and a beta of 0.95. The firm’s 50-day moving average is $17.16.

Atlantic Capital Bancshares (NASDAQ:ACBI) last posted its quarterly earnings results on Thursday, April 25th. The bank reported $0.26 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.04). The company had revenue of $22.76 million during the quarter, compared to analyst estimates of $23.20 million. Atlantic Capital Bancshares had a net margin of 24.14% and a return on equity of 9.05%. As a group, equities research analysts expect that Atlantic Capital Bancshares will post 1.13 earnings per share for the current fiscal year.

In other news, Director R Charles Shufeldt purchased 2,000 shares of the stock in a transaction dated Friday, June 7th. The stock was acquired at an average cost of $16.88 per share, for a total transaction of $33,760.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.60% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quantamental Technologies LLC purchased a new position in shares of Atlantic Capital Bancshares during the first quarter worth $25,000. Macquarie Group Ltd. purchased a new position in shares of Atlantic Capital Bancshares during the fourth quarter worth $28,000. Meeder Asset Management Inc. purchased a new position in shares of Atlantic Capital Bancshares during the first quarter worth $49,000. Legal & General Group Plc boosted its position in shares of Atlantic Capital Bancshares by 22.1% during the fourth quarter. Legal & General Group Plc now owns 4,655 shares of the bank’s stock worth $76,000 after buying an additional 842 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Atlantic Capital Bancshares by 1,750.2% in the first quarter. BNP Paribas Arbitrage SA now owns 5,162 shares of the bank’s stock valued at $92,000 after acquiring an additional 4,883 shares in the last quarter. Institutional investors and hedge funds own 86.08% of the company’s stock.

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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