A number of other equities analysts have also recently commented on ACBI. Zacks Investment Research raised Atlantic Capital Bancshares from a “sell” rating to a “hold” rating and set a $21.00 target price on the stock in a report on Monday, October 28th. BidaskClub raised Atlantic Capital Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday, October 22nd. Gabelli reaffirmed a “buy” rating on shares of Atlantic Capital Bancshares in a report on Monday, July 29th. SunTrust Banks decreased their target price on Atlantic Capital Bancshares from $20.00 to $19.00 and set a “hold” rating on the stock in a report on Tuesday, August 27th. Finally, Keefe, Bruyette & Woods raised Atlantic Capital Bancshares from a “market perform” rating to an “outperform” rating in a report on Friday, September 6th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $19.50.
Shares of Atlantic Capital Bancshares stock opened at $18.65 on Tuesday. Atlantic Capital Bancshares has a one year low of $15.11 and a one year high of $19.79. The stock’s fifty day moving average is $17.98 and its 200 day moving average is $17.45. The stock has a market cap of $411.94 million, a P/E ratio of 17.27, a P/E/G ratio of 2.13 and a beta of 1.01. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.98 and a current ratio of 0.99.
Atlantic Capital Bancshares (NASDAQ:ACBI) last announced its earnings results on Thursday, October 24th. The bank reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.06. Atlantic Capital Bancshares had a return on equity of 8.82% and a net margin of 45.08%. The company had revenue of $22.86 million for the quarter, compared to analysts’ expectations of $22.34 million. Analysts predict that Atlantic Capital Bancshares will post 1.15 EPS for the current year.
A number of large investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in Atlantic Capital Bancshares by 9.3% during the second quarter. BlackRock Inc. now owns 1,564,748 shares of the bank’s stock valued at $26,789,000 after acquiring an additional 132,764 shares during the period. Russell Investments Group Ltd. raised its holdings in Atlantic Capital Bancshares by 27.2% during the third quarter. Russell Investments Group Ltd. now owns 527,404 shares of the bank’s stock valued at $9,146,000 after acquiring an additional 112,763 shares during the period. Teton Advisors Inc. raised its holdings in Atlantic Capital Bancshares by 5.9% during the second quarter. Teton Advisors Inc. now owns 348,158 shares of the bank’s stock valued at $5,960,000 after acquiring an additional 19,500 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in Atlantic Capital Bancshares by 22.1% during the second quarter. D. E. Shaw & Co. Inc. now owns 251,455 shares of the bank’s stock valued at $4,305,000 after acquiring an additional 45,517 shares during the period. Finally, Context BH Capital Management LP raised its holdings in Atlantic Capital Bancshares by 2.1% during the second quarter. Context BH Capital Management LP now owns 202,627 shares of the bank’s stock valued at $3,469,000 after acquiring an additional 4,200 shares during the period. 85.39% of the stock is currently owned by institutional investors and hedge funds.
About Atlantic Capital Bancshares
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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