Atlantic Capital Bancshares, Inc. (ACBI) Shares Bought by State Street Corp

State Street Corp boosted its position in shares of Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) by 22.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 313,395 shares of the bank’s stock after purchasing an additional 58,222 shares during the period. State Street Corp owned 1.22% of Atlantic Capital Bancshares worth $5,958,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ACBI. Legal & General Group Plc boosted its stake in shares of Atlantic Capital Bancshares by 11.4% during the 2nd quarter. Legal & General Group Plc now owns 5,954 shares of the bank’s stock valued at $114,000 after buying an additional 611 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of Atlantic Capital Bancshares during the 2nd quarter valued at $201,000. Bank of America Corp DE boosted its stake in shares of Atlantic Capital Bancshares by 5.8% during the 1st quarter. Bank of America Corp DE now owns 10,900 shares of the bank’s stock valued at $206,000 after buying an additional 598 shares during the period. Teton Advisors Inc. acquired a new stake in shares of Atlantic Capital Bancshares during the 2nd quarter valued at $217,000. Finally, Nationwide Fund Advisors boosted its stake in shares of Atlantic Capital Bancshares by 16.6% during the 2nd quarter. Nationwide Fund Advisors now owns 12,930 shares of the bank’s stock valued at $246,000 after buying an additional 1,839 shares during the period. Hedge funds and other institutional investors own 79.24% of the company’s stock.

Shares of Atlantic Capital Bancshares, Inc. (ACBI) opened at $16.85 on Monday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.54. Atlantic Capital Bancshares, Inc. has a 52 week low of $15.20 and a 52 week high of $20.20. The stock has a market cap of $433.52 and a price-to-earnings ratio of 30.64.

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 the consensus estimate of $0.19 by ($0.03). Atlantic Capital Bancshares had a net margin of 12.34% and a return on equity of 4.39%. The business had revenue of $23.77 million during the quarter, compared to analyst estimates of $26.19 million. research analysts forecast that Atlantic Capital Bancshares, Inc. will post 0.61 earnings per share for the current year.

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and set a $20.00 target price on shares of Atlantic Capital Bancshares in a research note on Wednesday, October 4th. Zacks Investment Research lowered shares of Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Finally, BidaskClub lowered shares of Atlantic Capital Bancshares from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Atlantic Capital Bancshares presently has a consensus rating of “Hold” and a consensus price target of $21.67.

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

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