Atlantic Capital Bancshares Inc. (NASDAQ:ACBI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “Atlantic Capital Bancshares, Inc. is a bank holding company. The Company’s corporate and business banking services include lending and financing, treasury services and international banking. Its private banking products and services include deposit products such as checking accounts, money market accounts, savings accounts and certificates of deposit; credit products include home equity lines of credit, secured personal lines of credit, unsecured lines of credit, home improvement loans, car loans and credit cards and services include online banking and bill payment, wire transfers, automated teller machine, eDelivery of statements and documents and person-to-person payments. Atlantic Capital Bancshares, Inc. is based in Atlanta, Georgia. “

Several other analysts have also recently weighed in on the company. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Atlantic Capital Bancshares in a research report on Sunday, July 31st. Sandler O’Neill cut Atlantic Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Raymond James Financial Inc. cut Atlantic Capital Bancshares from an “outperform” rating to a “market perform” rating in a research report on Friday, July 29th. Finally, Citigroup Inc. cut Atlantic Capital Bancshares to a “market perform” rating in a research report on Friday, July 29th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $16.00.

Analyst Recommendations for Atlantic Capital Bancshares (NASDAQ:ACBI)

Shares of Atlantic Capital Bancshares (NASDAQ:ACBI) traded up 1.01% during mid-day trading on Wednesday, hitting $15.00. The company had a trading volume of 588,513 shares. Atlantic Capital Bancshares has a 52 week low of $11.55 and a 52 week high of $17.50. The firm has a market capitalization of $372.57 million and a PE ratio of 156.25. The firm has a 50-day moving average price of $15.15 and a 200-day moving average price of $14.60.

Atlantic Capital Bancshares (NASDAQ:ACBI) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. Atlantic Capital Bancshares had a net margin of 3.04% and a return on equity of 4.11%. Equities analysts forecast that Atlantic Capital Bancshares will post $0.64 earnings per share for the current year.

In related news, Director Walter M. Deriso, Jr. sold 4,180 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $15.53, for a total value of $64,915.40. Following the completion of the transaction, the director now directly owns 174,629 shares in the company, valued at approximately $2,711,988.37. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas Lloyd Williams sold 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $14.77, for a total transaction of $66,465.00. Following the completion of the transaction, the chief executive officer now owns 189,151 shares of the company’s stock, valued at $2,793,760.27. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the company. American International Group Inc. purchased a new position in shares of Atlantic Capital Bancshares during the second quarter worth $144,000. Nationwide Fund Advisors purchased a new position in shares of Atlantic Capital Bancshares during the second quarter worth $158,000. Rhumbline Advisers purchased a new position in shares of Atlantic Capital Bancshares during the second quarter worth $244,000. Metropolitan Life Insurance Co. NY purchased a new position in shares of Atlantic Capital Bancshares during the second quarter worth $281,000. Finally, First Trust Advisors LP purchased a new position in shares of Atlantic Capital Bancshares during the second quarter worth $351,000. Institutional investors own 61.75% of the company’s stock.

About Atlantic Capital Bancshares

Atlantic Capital Bancshares, Inc is the bank holding company for Atlantic Capital Bank (the Bank). The Bank operates as a full service, locally-managed 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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