Shares of Atlantic Capital Bancshares Inc. (NASDAQ:ACBI) were down 3.5% during mid-day trading on Friday . The company traded as low as $14.04 and last traded at $14.82, with a volume of 513,304 shares trading hands. The stock had previously closed at $15.35.

A number of analysts have recently issued reports on ACBI shares. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $16.00 target price on shares of Atlantic Capital Bancshares in a research note on Sunday, June 26th. Citigroup Inc. lowered shares of Atlantic Capital Bancshares to a “market perform” rating in a research note on Friday, July 29th. Raymond James Financial Inc. lowered shares of Atlantic Capital Bancshares from an “outperform” rating to a “market perform” rating in a research note on Friday, July 29th. Sandler O’Neill lowered shares of Atlantic Capital Bancshares from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. Finally, Zacks Investment Research lowered shares of Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Monday, August 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Atlantic Capital Bancshares currently has an average rating of “Hold” and an average price target of $16.00.

The company has a 50-day moving average price of $15.23 and a 200 day moving average price of $14.38. The stock has a market capitalization of $368.10 million and a price-to-earnings ratio of 154.38.

Atlantic Capital Bancshares (NASDAQ:ACBI) last issued its earnings results on Thursday, July 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. Atlantic Capital Bancshares had a return on equity of 4.11% and a net margin of 3.04%. Analysts predict that Atlantic Capital Bancshares Inc. will post $0.64 EPS for the current fiscal year.

In other Atlantic Capital Bancshares news, CEO Douglas Lloyd Williams sold 4,500 shares of the firm’s stock in a transaction on Monday, June 20th. The stock was sold at an average price of $14.33, for a total value of $64,485.00. Following the completion of the sale, the chief executive officer now directly owns 156,366 shares of the company’s stock, valued at approximately $2,240,724.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Walter M. Deriso, Jr. sold 10,000 shares of the firm’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $14.55, for a total value of $145,500.00. Following the completion of the sale, the director now directly owns 175,719 shares of the company’s stock, valued at $2,556,711.45. The disclosure for this sale can be found here. 4.60% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of ACBI. Kennedy Capital Management Inc. increased its stake in shares of Atlantic Capital Bancshares by 21.7% in the first quarter. Kennedy Capital Management Inc. now owns 259,721 shares of the company’s stock worth $3,621,000 after buying an additional 46,268 shares during the last quarter. Endeavour Capital Advisors Inc. increased its stake in shares of Atlantic Capital Bancshares by 5.5% in the first quarter. Endeavour Capital Advisors Inc. now owns 1,267,384 shares of the company’s stock worth $17,667,000 after buying an additional 66,110 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Atlantic Capital Bancshares by 21.3% in the first quarter. Geode Capital Management LLC now owns 47,316 shares of the company’s stock worth $659,000 after buying an additional 8,306 shares during the last quarter. Boston Partners increased its stake in shares of Atlantic Capital Bancshares by 1.3% in the second quarter. Boston Partners now owns 160,206 shares of the company’s stock worth $2,317,000 after buying an additional 2,090 shares during the last quarter. Finally, Berkeley Capital Partners LLC acquired a new stake in shares of Atlantic Capital Bancshares during the first quarter worth about $314,000. 61.75% of the stock is owned by institutional investors and hedge funds.

Atlantic Capital Bancshares Company Profile

Atlantic Capital Bancshares, Inc is the bank holding company for Atlantic Capital Bank (the Bank). The Bank operates as a full service, locally-managed 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.

5 Day Chart for NASDAQ:ACBI

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