Atlantic Capital Bancshares (ACBI) Upgraded by Zacks Investment Research to Hold
Zacks Investment Research upgraded shares of Atlantic Capital Bancshares (NASDAQ:ACBI) from a sell rating to a hold rating in a research note published on Monday morning.
According to Zacks, “Atlantic Capital Bancshares, Inc. is a bank holding company. The Company’s corporate and business banking services include lending and financing, treasury services and international banking. Its private banking products and services include deposit products such as checking accounts, money market accounts, savings accounts and certificates of deposit; credit products include home equity lines of credit, secured personal lines of credit, unsecured lines of credit, home improvement loans, car loans and credit cards and services include online banking and bill payment, wire transfers, automated teller machine, eDelivery of statements and documents and person-to-person payments. Atlantic Capital Bancshares, Inc. is based in Atlanta, Georgia. “
A number of other brokerages have also weighed in on ACBI. BidaskClub raised shares of Atlantic Capital Bancshares from a strong sell rating to a sell rating in a research note on Friday, December 22nd. TheStreet raised shares of Atlantic Capital Bancshares from a c rating to a b- rating in a research note on Friday, December 22nd. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and set a $20.00 target price on shares of Atlantic Capital Bancshares in a research note on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $21.67.
Atlantic Capital Bancshares (NASDAQ:ACBI) traded up $0.15 during mid-day trading on Monday, hitting $17.60. 164,400 shares of the company’s stock were exchanged, compared to its average volume of 86,587. Atlantic Capital Bancshares has a 12-month low of $15.20 and a 12-month high of $20.20. The stock has a market capitalization of $452.82, a PE ratio of 32.59, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.94 and a quick ratio of 0.94.
Atlantic Capital Bancshares (NASDAQ:ACBI) last released its quarterly earnings data 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 firm had revenue of $23.77 million during the quarter, compared to analysts’ expectations of $26.19 million. Atlantic Capital Bancshares had a net margin of 12.34% and a return on equity of 4.39%. research analysts expect that Atlantic Capital Bancshares will post 0.61 EPS for the current fiscal year.
In other news, COO D Michael Kramer sold 14,500 shares of Atlantic Capital Bancshares stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $17.19, for a total transaction of $249,255.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.10% of the company’s stock.
Large investors have recently bought and sold shares of the stock. State Street Corp boosted its stake in Atlantic Capital Bancshares by 22.8% during the second quarter. State Street Corp now owns 313,395 shares of the bank’s stock worth $5,958,000 after acquiring an additional 58,222 shares in the last quarter. Swiss National Bank boosted its stake in Atlantic Capital Bancshares by 18.2% during the third quarter. Swiss National Bank now owns 42,800 shares of the bank’s stock worth $777,000 after acquiring an additional 6,600 shares in the last quarter. Jacobs Asset Management LLC bought a new stake in Atlantic Capital Bancshares during the third quarter worth about $6,807,000. Vanguard Group Inc. boosted its stake in Atlantic Capital Bancshares by 8.1% during the second quarter. Vanguard Group Inc. now owns 780,758 shares of the bank’s stock worth $14,835,000 after acquiring an additional 58,216 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Atlantic Capital Bancshares by 93.0% during the second quarter. Dimensional Fund Advisors LP now owns 148,753 shares of the bank’s stock worth $2,826,000 after acquiring an additional 71,675 shares in the last quarter. 79.09% of the stock is currently owned by institutional investors and hedge funds.
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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.
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