Analysts Set Atlantic Capital Bancshares Inc. (ACBI) Target Price at $16.00
Shares of Atlantic Capital Bancshares Inc. (NASDAQ:ACBI) have earned a consensus rating of “Hold” from the eight brokerages that are presently covering the company. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $16.00.
Several research analysts have commented on the company. Zacks Investment Research lowered Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Monday, October 31st. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Atlantic Capital Bancshares in a research report on Sunday, July 31st. Finally, Sandler O’Neill lowered Atlantic Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, July 29th.
In other Atlantic Capital Bancshares news, CEO Douglas Lloyd Williams sold 2,000 shares of Atlantic Capital Bancshares stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $15.37, for a total value of $30,740.00. Following the transaction, the chief executive officer now directly owns 188,406 shares in the company, valued at approximately $2,895,800.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Walter M. Deriso, Jr. sold 9,368 shares of Atlantic Capital Bancshares stock in a transaction that occurred on Tuesday, September 27th. The shares were sold at an average price of $14.68, for a total value of $137,522.24. Following the completion of the transaction, the director now owns 175,140 shares in the company, valued at $2,571,055.20. The disclosure for this sale can be found here. 4.60% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. American International Group Inc. bought a new position in shares of Atlantic Capital Bancshares during the second quarter valued at $144,000. SG Americas Securities LLC acquired a new stake in Atlantic Capital Bancshares during the third quarter worth $153,000. Nationwide Fund Advisors acquired a new stake in Atlantic Capital Bancshares during the second quarter worth $158,000. TD Asset Management Inc. acquired a new stake in Atlantic Capital Bancshares during the third quarter worth $213,000. Finally, Rhumbline Advisers acquired a new stake in Atlantic Capital Bancshares during the second quarter worth $244,000. Institutional investors own 66.80% of the company’s stock.
Atlantic Capital Bancshares (NASDAQ:ACBI) opened at 15.75 on Thursday. Atlantic Capital Bancshares has a 52 week low of $11.55 and a 52 week high of $15.90. The firm has a market capitalization of $392.96 million and a P/E ratio of 105.70. The stock’s 50 day moving average price is $14.95 and its 200 day moving average price is $14.77.
Atlantic Capital Bancshares (NASDAQ:ACBI) last released its quarterly earnings results on Friday, October 28th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by $0.02. Atlantic Capital Bancshares had a return on equity of 4.18% and a net margin of 4.07%. On average, equities analysts expect that Atlantic Capital Bancshares will post $0.61 EPS for the current year.
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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