Atlantic Capital Bancshares (ACBI) Lowered to “Sell” at BidaskClub

BidaskClub cut shares of Atlantic Capital Bancshares (NASDAQ:ACBI) from a hold rating to a sell rating in a report released on Friday morning.

ACBI has been the subject of several other reports. Keefe, Bruyette & Woods restated a hold rating and issued a $20.00 target price on shares of Atlantic Capital Bancshares in a research note on Monday, January 29th. SunTrust Banks restated a hold rating and issued a $18.00 target price on shares of Atlantic Capital Bancshares in a research note on Monday, January 29th. TheStreet upgraded shares of Atlantic Capital Bancshares from a c rating to a b- rating in a research note on Friday, December 22nd. FIG Partners upgraded shares of Atlantic Capital Bancshares from a market perform rating to an outperform rating in a research note on Tuesday, January 30th. Finally, Sandler O’Neill set a $18.00 target price on shares of Atlantic Capital Bancshares and gave the company a hold rating in a research note on Monday, January 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Atlantic Capital Bancshares presently has a consensus rating of Hold and a consensus target price of $19.80.

Shares of Atlantic Capital Bancshares (NASDAQ:ACBI) traded up $0.10 on Friday, reaching $17.45. 53,346 shares of the company’s stock traded hands, compared to its average volume of 92,323. The firm has a market capitalization of $451.28 and a P/E ratio of -116.33. Atlantic Capital Bancshares has a 52 week low of $15.20 and a 52 week high of $19.85. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54.

Atlantic Capital Bancshares (NASDAQ:ACBI) last announced its earnings results on Monday, January 29th. The bank reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.08). The firm had revenue of $24.68 million during the quarter, compared to analyst estimates of $24.55 million. Atlantic Capital Bancshares had a negative net margin of 3.31% and a positive return on equity of 4.29%. research analysts anticipate that Atlantic Capital Bancshares will post 0.92 earnings per share for the current fiscal year.

In other Atlantic Capital Bancshares news, COO D Michael Kramer sold 14,500 shares of the firm’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $17.19, for a total value of $249,255.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.10% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of ACBI. Basswood Capital Management L.L.C. raised its holdings in shares of Atlantic Capital Bancshares by 166.8% in the fourth quarter. Basswood Capital Management L.L.C. now owns 964,313 shares of the bank’s stock worth $16,972,000 after buying an additional 602,824 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Atlantic Capital Bancshares by 47.6% in the third quarter. Bank of New York Mellon Corp now owns 1,237,867 shares of the bank’s stock worth $22,467,000 after buying an additional 398,984 shares during the last quarter. Huber Capital Management LLC raised its holdings in shares of Atlantic Capital Bancshares by 205.2% in the third quarter. Huber Capital Management LLC now owns 591,775 shares of the bank’s stock worth $10,741,000 after buying an additional 397,879 shares during the last quarter. Jacobs Asset Management LLC purchased a new position in shares of Atlantic Capital Bancshares in the third quarter worth $6,807,000. Finally, Stieven Capital Advisors L.P. purchased a new position in shares of Atlantic Capital Bancshares in the third quarter worth $3,171,000. 79.43% of the stock is owned by institutional investors and hedge funds.

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Atlantic Capital Bancshares Company 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.

Analyst Recommendations for Atlantic Capital Bancshares (NASDAQ:ACBI)

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