BidaskClub upgraded shares of Atlantic Capital Bancshares (NASDAQ:ACBI) from a strong sell rating to a sell rating in a research report report published on Friday morning.

Other analysts also recently issued research reports about the company. TheStreet upgraded Atlantic Capital Bancshares from a c rating to a b- rating in a research note on Friday, December 22nd. Keefe, Bruyette & Woods restated a hold rating and issued a $20.00 target price on shares of Atlantic Capital Bancshares in a research note on Monday, January 29th. Sandler O’Neill set a $18.00 target price on Atlantic Capital Bancshares and gave the stock a hold rating in a research note on Monday, January 29th. SunTrust Banks reaffirmed a hold rating and issued a $18.00 price target on shares of Atlantic Capital Bancshares in a report on Monday, January 29th. Finally, FIG Partners raised Atlantic Capital Bancshares from a market perform rating to an outperform rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Atlantic Capital Bancshares has an average rating of Hold and an average price target of $19.80.

Shares of Atlantic Capital Bancshares (ACBI) opened at $17.85 on Friday. Atlantic Capital Bancshares has a one year low of $15.20 and a one year high of $19.85. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $464.12, a PE ratio of -137.31, a PEG ratio of 0.90 and a beta of 0.82.

Atlantic Capital Bancshares (NASDAQ:ACBI) last issued its earnings results on Monday, January 29th. The bank reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.08). Atlantic Capital Bancshares had a positive return on equity of 4.29% and a negative net margin of 3.31%. The company had revenue of $24.68 million during the quarter, compared to analysts’ expectations of $24.55 million. research analysts expect that Atlantic Capital Bancshares will post 0.92 EPS for the current fiscal year.

In related news, COO D Michael Kramer sold 14,500 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $17.19, for a total value of $249,255.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its holdings in Atlantic Capital Bancshares by 11.4% in the 2nd quarter. Legal & General Group Plc now owns 5,954 shares of the bank’s stock worth $114,000 after purchasing an additional 611 shares during the period. Nationwide Fund Advisors raised its holdings in Atlantic Capital Bancshares by 16.6% in the 2nd quarter. Nationwide Fund Advisors now owns 12,930 shares of the bank’s stock worth $246,000 after purchasing an additional 1,839 shares during the period. California State Teachers Retirement System raised its holdings in Atlantic Capital Bancshares by 8.5% in the 2nd quarter. California State Teachers Retirement System now owns 37,019 shares of the bank’s stock worth $703,000 after purchasing an additional 2,900 shares during the period. TD Asset Management Inc. raised its holdings 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 worth $684,000 after purchasing an additional 4,000 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Atlantic Capital Bancshares by 8.0% in the 4th quarter. Victory Capital Management Inc. now owns 64,488 shares of the bank’s stock worth $1,135,000 after purchasing an additional 4,788 shares during the period. 79.15% of the stock is owned by institutional investors.

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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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