First Trust Advisors LP increased its position in shares of Atlantic Capital Bancshares Inc (NASDAQ:ACBI) by 16.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,411 shares of the bank’s stock after purchasing an additional 11,102 shares during the period. First Trust Advisors LP’s holdings in Atlantic Capital Bancshares were worth $1,297,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ACBI. Northern Trust Corp raised its stake in shares of Atlantic Capital Bancshares by 29.1% in the 2nd quarter. Northern Trust Corp now owns 300,794 shares of the bank’s stock valued at $5,909,000 after acquiring an additional 67,713 shares during the period. Marshall Wace LLP purchased a new position in shares of Atlantic Capital Bancshares in the 2nd quarter valued at $235,000. Voya Investment Management LLC purchased a new position in shares of Atlantic Capital Bancshares in the 2nd quarter valued at $226,000. Laurion Capital Management LP purchased a new position in shares of Atlantic Capital Bancshares in the 2nd quarter valued at $1,616,000. Finally, Renaissance Technologies LLC raised its stake in shares of Atlantic Capital Bancshares by 48.4% in the 2nd quarter. Renaissance Technologies LLC now owns 315,400 shares of the bank’s stock valued at $6,198,000 after acquiring an additional 102,800 shares during the period. 84.06% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on ACBI shares. BidaskClub downgraded shares of Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, August 29th. Keefe, Bruyette & Woods raised shares of Atlantic Capital Bancshares from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research note on Thursday, November 15th. SunTrust Banks cut their target price on shares of Atlantic Capital Bancshares from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Monday, October 29th. Zacks Investment Research raised shares of Atlantic Capital Bancshares from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Monday, October 8th. Finally, ValuEngine raised shares of Atlantic Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, August 20th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $19.40.

Atlantic Capital Bancshares stock opened at $17.46 on Friday. Atlantic Capital Bancshares Inc has a 12-month low of $14.44 and a 12-month high of $21.60. The firm has a market cap of $451.67 million, a P/E ratio of 32.94, a PEG ratio of 0.67 and a beta of 0.85. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41.

Atlantic Capital Bancshares (NASDAQ:ACBI) last released its quarterly earnings results on Thursday, October 25th. The bank reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.02). Atlantic Capital Bancshares had a return on equity of 6.95% and a net margin of 3.55%. The firm had revenue of $25.63 million for the quarter, compared to analysts’ expectations of $26.92 million. On average, equities analysts expect that Atlantic Capital Bancshares Inc will post 1 EPS for the current fiscal year.

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About Atlantic Capital Bancshares

Atlantic Capital Bancshares, Inc operates as the holding company for Atlantic Capital Bank, N.A. that provides commercial banking products and services in the United States. The company offers NOW, money market, savings, checking, time, Internet and brokered, and demand deposits; working capital and equipment loans, loans supported by owner-occupied real estate, revolving lines of credit, term loans, letters of credit, installment and term loans, and home equity lines of credit; residential mortgage loans; and commercial real estate loans, including secured construction loans, secured mini-permanent loans, and secured or unsecured lines of credit.

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Institutional Ownership by Quarter for Atlantic Capital Bancshares (NASDAQ:ACBI)

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