Keefe, Bruyette & Woods reissued their hold rating on shares of Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) in a report published on Wednesday. Keefe, Bruyette & Woods currently has a $20.00 target price on the bank’s stock.

ACBI has been the topic of several other reports. BidaskClub lowered shares of Atlantic Capital Bancshares from a hold rating to a sell rating in a report on Sunday, July 16th. Zacks Investment Research lowered shares of Atlantic Capital Bancshares from a hold rating to a sell rating in a report on Tuesday. Finally, Gabelli initiated coverage on shares of Atlantic Capital Bancshares in a report on Wednesday, June 14th. They issued a buy rating and a $23.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and an average target price of $21.67.

Atlantic Capital Bancshares (NASDAQ ACBI) opened at 18.80 on Wednesday. Atlantic Capital Bancshares has a one year low of $13.80 and a one year high of $20.20. The company has a 50 day moving average of $17.68 and a 200-day moving average of $18.53. The company has a market cap of $482.43 million, a P/E ratio of 37.52 and a beta of 1.03.

Atlantic Capital Bancshares (NASDAQ:ACBI) last posted its quarterly earnings results on Friday, July 28th. The bank reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.17. The firm had revenue of $26.00 million for the quarter, compared to analyst estimates of $25.10 million. Atlantic Capital Bancshares had a net margin of 12.18% and a return on equity of 4.45%. On average, equities analysts expect that Atlantic Capital Bancshares will post $0.68 earnings per share for the current fiscal year.

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In other Atlantic Capital Bancshares news, major shareholder Stone Point Capital Llc sold 3,109,127 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $16.50, for a total value of $51,300,595.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.60% of the company’s stock.

Large investors have recently bought and sold shares of the business. Legal & General Group Plc raised its stake in shares of Atlantic Capital Bancshares by 11.4% in 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 during the period. Principal Financial Group Inc. purchased a new stake in shares of Atlantic Capital Bancshares in the 2nd quarter valued at approximately $201,000. American International Group Inc. raised its stake in shares of Atlantic Capital Bancshares by 7.0% in 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 during the period. Bank of America Corp DE raised its stake in shares of Atlantic Capital Bancshares by 5.8% in 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 during the period. Finally, Nationwide Fund Advisors raised its stake in shares of Atlantic Capital Bancshares by 1.8% in 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 during the period. Institutional investors own 78.34% of the company’s stock.

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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