Atlantic Capital Bancshares (NASDAQ:ACBI) Stock Rating Lowered by Keefe, Bruyette & Woods

Atlantic Capital Bancshares (NASDAQ:ACBI) was downgraded by stock analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research note issued to investors on Thursday, The Fly reports.

ACBI has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Atlantic Capital Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. Gabelli reaffirmed a “buy” rating on shares of Atlantic Capital Bancshares in a report on Monday, July 29th. BidaskClub cut shares of Atlantic Capital Bancshares from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 14th. Finally, SunTrust Banks decreased their target price on shares of Atlantic Capital Bancshares from $20.00 to $19.00 and set a “hold” rating on the stock in a research report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $19.80.

NASDAQ ACBI traded up $0.49 on Thursday, hitting $16.52. The company had a trading volume of 178,459 shares, compared to its average volume of 118,360. The company has a market capitalization of $369.73 million, a PE ratio of 15.30, a PEG ratio of 1.38 and a beta of 0.98. The company’s fifty day moving average price is $17.30 and its 200-day moving average price is $17.69. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.98 and a quick ratio of 0.98. Atlantic Capital Bancshares has a 12-month low of $14.44 and a 12-month high of $19.79.



Atlantic Capital Bancshares (NASDAQ:ACBI) last issued its quarterly earnings results on Thursday, July 25th. The bank reported $0.29 EPS for the quarter, topping the consensus estimate 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 company had revenue of $22.92 million during the quarter, compared to analyst estimates of $50.00 million. On average, sell-side analysts anticipate that Atlantic Capital Bancshares will post 1.11 EPS for the current year.

In other Atlantic Capital Bancshares news, Director R Charles Shufeldt purchased 2,000 shares of Atlantic Capital Bancshares stock in a transaction dated Friday, June 7th. The shares were acquired at an average price of $16.88 per share, with a total value of $33,760.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.60% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of ACBI. Quantamental Technologies LLC acquired a new stake in shares of Atlantic Capital Bancshares during the first quarter worth about $25,000. Panagora Asset Management Inc. acquired a new stake in shares of Atlantic Capital Bancshares during the second quarter worth about $33,000. BNP Paribas Arbitrage SA increased its stake in shares of Atlantic Capital Bancshares by 1,750.2% during the first quarter. BNP Paribas Arbitrage SA now owns 5,162 shares of the bank’s stock worth $92,000 after buying an additional 4,883 shares during the period. Aperio Group LLC purchased a new stake in shares of Atlantic Capital Bancshares during the second quarter worth approximately $115,000. Finally, United Capital Financial Advisers LLC purchased a new stake in shares of Atlantic Capital Bancshares during the second quarter worth approximately $171,000. 87.47% 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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Analyst Recommendations for Atlantic Capital Bancshares (NASDAQ:ACBI)

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