Shares of Atlantic Capital Bancshares Inc (NASDAQ:ACBI) have been given an average rating of “Hold” by the nine brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $19.50.
ACBI has been the subject of several research analyst reports. Zacks Investment Research downgraded Atlantic Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. BidaskClub upgraded Atlantic Capital Bancshares from a “strong sell” rating to a “sell” rating in a research report on Thursday. SunTrust Banks cut their price objective on Atlantic Capital Bancshares from $20.00 to $19.00 and set a “hold” rating for the company in a research report on Tuesday, August 27th. Gabelli reiterated a “buy” rating on shares of Atlantic Capital Bancshares in a research report on Monday, July 29th. Finally, Keefe, Bruyette & Woods upgraded Atlantic Capital Bancshares from a “market perform” rating to an “outperform” rating in a research report on Friday, September 6th.
Shares of Atlantic Capital Bancshares stock traded up $0.30 during midday trading on Friday, hitting $18.01. 6,639 shares of the company were exchanged, compared to its average volume of 95,945. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $390.55 million, a P/E ratio of 16.68, a PEG ratio of 1.46 and a beta of 0.98. Atlantic Capital Bancshares has a 52 week low of $14.44 and a 52 week high of $19.79. The firm has a 50 day simple moving average of $17.22 and a 200-day simple moving average of $17.58.
Atlantic Capital Bancshares (NASDAQ:ACBI) last posted its earnings results on Thursday, July 25th. The bank reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.04. Atlantic Capital Bancshares had a return on equity of 8.56% and a net margin of 42.79%. The business had revenue of $22.92 million during the quarter, compared to the consensus estimate of $50.00 million. Equities research analysts expect that Atlantic Capital Bancshares will post 1.11 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the business. Quantamental Technologies LLC bought a new position in Atlantic Capital Bancshares in the 1st quarter valued at $25,000. Panagora Asset Management Inc. acquired a new stake in shares of Atlantic Capital Bancshares in the 2nd quarter valued at $33,000. BNP Paribas Arbitrage SA increased its stake in shares of Atlantic Capital Bancshares by 1,750.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,162 shares of the bank’s stock valued at $92,000 after buying an additional 4,883 shares during the period. Aperio Group LLC acquired a new stake in shares of Atlantic Capital Bancshares in the 2nd quarter valued at $115,000. Finally, United Capital Financial Advisers LLC acquired a new stake in shares of Atlantic Capital Bancshares in the 2nd quarter valued at $171,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.
Atlantic Capital Bancshares Company Profile
Atlantic Capital Bancshares, Inc operates as the bank holding company for Atlantic Capital Bank, N.A. that provides banking products and services in the Metropolitan Atlanta and rest of the United States. The company offers non-interest and interest bearing demand, savings and money market, time, and brokered deposits; and NOW accounts.
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