375,000 Shares in Atlantic Capital Bancshares Inc (ACBI) Acquired by Jacobs Asset Management LLC

Jacobs Asset Management LLC bought a new position in shares of Atlantic Capital Bancshares Inc (NASDAQ:ACBI) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 375,000 shares of the bank’s stock, valued at approximately $6,807,000. Atlantic Capital Bancshares accounts for 1.3% of Jacobs Asset Management LLC’s holdings, making the stock its 29th biggest holding. Jacobs Asset Management LLC owned approximately 1.46% of Atlantic Capital Bancshares as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Bank of America Corp DE lifted its stake in Atlantic Capital Bancshares by 5.8% in the first quarter. Bank of America Corp DE now owns 10,900 shares of the bank’s stock valued at $206,000 after purchasing an additional 598 shares during the last quarter. Legal & General Group Plc lifted its stake in Atlantic Capital Bancshares by 11.4% in the second quarter. Legal & General Group Plc now owns 5,954 shares of the bank’s stock valued at $114,000 after purchasing an additional 611 shares during the last quarter. Nationwide Fund Advisors raised its holdings in 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 acquiring an additional 1,839 shares during the period. Victory Capital Management Inc. raised its holdings in Atlantic Capital Bancshares by 5.3% during the 2nd quarter. Victory Capital Management Inc. now owns 52,566 shares of the bank’s stock valued at $999,000 after acquiring an additional 2,655 shares during the period. Finally, California State Teachers Retirement System raised its holdings in Atlantic Capital Bancshares by 8.5% during the 2nd quarter. California State Teachers Retirement System now owns 37,019 shares of the bank’s stock valued at $703,000 after acquiring an additional 2,900 shares during the period. 79.09% of the stock is owned by hedge funds and other institutional investors.

In related news, COO D Michael Kramer sold 14,500 shares of Atlantic Capital Bancshares stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $17.19, for a total transaction of $249,255.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.10% of the company’s stock.

Several research firms have issued reports on ACBI. Zacks Investment Research lowered shares of Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. BidaskClub raised shares of Atlantic Capital Bancshares from a “strong sell” rating to a “sell” rating in a research note on Friday, December 22nd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $20.00 price target on shares of Atlantic Capital Bancshares in a research note on Wednesday, October 4th. Finally, TheStreet raised shares of Atlantic Capital Bancshares from a “c” rating to a “b-” rating in a research note on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $21.67.

Atlantic Capital Bancshares Inc (NASDAQ ACBI) traded up $0.15 on Friday, hitting $17.60. 164,404 shares of the company were exchanged, compared to its average volume of 102,848. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.94 and a current ratio of 0.94. 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 $452.82 and a PE ratio of 34.51.

Atlantic Capital Bancshares (NASDAQ:ACBI) last released its earnings results on Friday, October 27th. The bank reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The firm had revenue of $23.77 million for the quarter, compared to analysts’ expectations of $26.19 million. Atlantic Capital Bancshares had a net margin of 12.34% and a return on equity of 4.39%. equities research analysts anticipate that Atlantic Capital Bancshares Inc will post 0.61 EPS for the current year.

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About Atlantic Capital Bancshares

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.

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

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