Atlantic Capital Bancshares (NASDAQ:ACBI) Lifted to Sell at BidaskClub

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BidaskClub upgraded shares of Atlantic Capital Bancshares (NASDAQ:ACBI) from a strong sell rating to a sell rating in a report issued on Thursday, BidAskClub reports.

Other equities research analysts also recently issued reports about the stock. SunTrust Banks reduced their price objective on shares of Atlantic Capital Bancshares from $20.00 to $19.00 and set a hold rating on the stock in a research note on Tuesday, August 27th. Gabelli reiterated a buy rating on shares of Atlantic Capital Bancshares in a research note on Monday, July 29th. Keefe, Bruyette & Woods upgraded shares of Atlantic Capital Bancshares from a market perform rating to an outperform rating in a research note on Friday, September 6th. Finally, Zacks Investment Research downgraded shares of Atlantic Capital Bancshares from a buy rating to a hold rating in a research note on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $19.20.

NASDAQ:ACBI opened at $18.08 on Thursday. Atlantic Capital Bancshares has a 52 week low of $14.44 and a 52 week high of $19.79. The firm has a market cap of $405.19 million, a price-to-earnings ratio of 16.74, a P/E/G ratio of 1.52 and a beta of 0.98. The firm’s 50-day simple moving average is $17.23 and its 200 day simple moving average is $17.58. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.98 and a current ratio of 0.98.

Atlantic Capital Bancshares (NASDAQ:ACBI) last released its quarterly earnings results on Thursday, July 25th. The bank reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. Atlantic Capital Bancshares had a net margin of 42.79% and a return on equity of 8.56%. The business had revenue of $22.92 million for the quarter, compared to analyst estimates of $50.00 million. Sell-side analysts anticipate that Atlantic Capital Bancshares will post 1.11 EPS for the current year.

A number of institutional investors have recently made changes to their positions in ACBI. Bank of America Corp DE grew its stake in Atlantic Capital Bancshares by 34.4% during the fourth quarter. Bank of America Corp DE now owns 19,813 shares of the bank’s stock worth $324,000 after buying an additional 5,071 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Atlantic Capital Bancshares by 24.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 763,747 shares of the bank’s stock worth $12,503,000 after buying an additional 149,775 shares in the last quarter. BNP Paribas Arbitrage SA boosted 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 purchasing an additional 4,883 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Atlantic Capital Bancshares by 25,650.6% in the 1st quarter. Bank of Montreal Can now owns 92,702 shares of the bank’s stock valued at $1,653,000 after purchasing an additional 92,342 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in shares of Atlantic Capital Bancshares in the 1st quarter valued at approximately $25,000. 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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Analyst Recommendations for Atlantic Capital Bancshares (NASDAQ:ACBI)

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