Shares of Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) have received an average rating of “Hold” from the six research firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $21.50.

A number of research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Atlantic Capital Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $20.00 price target on shares of Atlantic Capital Bancshares in a research report on Wednesday, October 4th. Finally, BidaskClub lowered shares of Atlantic Capital Bancshares from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th.

In other news, major shareholder Stone Point Capital Llc sold 3,109,127 shares of Atlantic Capital Bancshares stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $16.50, for a total transaction of $51,300,595.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.10% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of ACBI. Legal & General Group Plc boosted its position in shares of Atlantic Capital Bancshares by 11.4% during the 2nd quarter. Legal & General Group Plc now owns 5,954 shares of the bank’s stock valued at $114,000 after acquiring an additional 611 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Atlantic Capital Bancshares during the 2nd quarter valued at about $201,000. American International Group Inc. boosted its position in shares of Atlantic Capital Bancshares by 7.0% during the 1st quarter. American International Group Inc. now owns 10,661 shares of the bank’s stock valued at $202,000 after acquiring an additional 702 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Atlantic Capital Bancshares by 5.8% during the 1st quarter. Bank of America Corp DE now owns 10,900 shares of the bank’s stock valued at $206,000 after acquiring an additional 598 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its position in shares of Atlantic Capital Bancshares by 1.8% during the 1st quarter. Nationwide Fund Advisors now owns 11,091 shares of the bank’s stock valued at $210,000 after acquiring an additional 193 shares in the last quarter. Institutional investors and hedge funds own 78.40% of the company’s stock.

Shares of Atlantic Capital Bancshares (ACBI) traded down $0.10 during mid-day trading on Thursday, hitting $16.45. 59,185 shares of the stock traded hands, compared to its average volume of 78,499. Atlantic Capital Bancshares has a one year low of $14.30 and a one year high of $20.20. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.72. The firm has a market cap of $423.03, a P/E ratio of 29.91, a price-to-earnings-growth ratio of 1.23 and a beta of 0.91.

Atlantic Capital Bancshares (NASDAQ:ACBI) last released its earnings results on Friday, October 27th. The bank reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The company had revenue of $23.77 million during the quarter, compared to analysts’ expectations of $26.19 million. Atlantic Capital Bancshares had a return on equity of 4.44% and a net margin of 12.34%. equities analysts expect that Atlantic Capital Bancshares will post 0.61 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Analysts Set Atlantic Capital Bancshares, Inc. (ACBI) PT at $21.50” was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.watchlistnews.com/analysts-set-atlantic-capital-bancshares-inc-acbi-pt-at-21-50/1680983.html.

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 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.

Receive News & Ratings for Atlantic Capital Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlantic Capital Bancshares Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.