Atlantic Capital Bancshares Inc. (NASDAQ:ACBI) CEO Douglas Lloyd Williams sold 4,500 shares of the company’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $15.89, for a total transaction of $71,505.00. Following the completion of the sale, the chief executive officer now directly owns 195,228 shares of the company’s stock, valued at $3,102,172.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Douglas Lloyd Williams also recently made the following trade(s):

  • On Friday, October 21st, Douglas Lloyd Williams sold 4,500 shares of Atlantic Capital Bancshares stock. The shares were sold at an average price of $14.95, for a total transaction of $67,275.00.
  • On Wednesday, September 21st, Douglas Lloyd Williams sold 4,500 shares of Atlantic Capital Bancshares stock. The shares were sold at an average price of $14.89, for a total transaction of $67,005.00.

Shares of Atlantic Capital Bancshares Inc. (NASDAQ:ACBI) opened at 16.15 on Thursday. The firm’s 50-day moving average is $15.16 and its 200-day moving average is $14.85. Atlantic Capital Bancshares Inc. has a 1-year low of $11.55 and a 1-year high of $16.30. The stock has a market capitalization of $404.07 million and a price-to-earnings ratio of 108.39.

Atlantic Capital Bancshares (NASDAQ:ACBI) last announced its earnings results on Friday, October 28th. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.02. Atlantic Capital Bancshares had a net margin of 4.07% and a return on equity of 4.18%. On average, analysts predict that Atlantic Capital Bancshares Inc. will post $0.61 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Atlantic Capital Bancshares (NASDAQ:ACBI)

Several hedge funds have recently made changes to their positions in the stock. RMB Capital Management LLC raised its stake in shares of Atlantic Capital Bancshares by 269.8% in the third quarter. RMB Capital Management LLC now owns 2,647,103 shares of the company’s stock worth $39,653,000 after buying an additional 1,931,254 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Atlantic Capital Bancshares by 41.8% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,007,614 shares of the company’s stock worth $30,074,000 after buying an additional 592,264 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in shares of Atlantic Capital Bancshares during the third quarter worth $13,404,000. Vanguard Group Inc. raised its stake in shares of Atlantic Capital Bancshares by 12.7% in the second quarter. Vanguard Group Inc. now owns 526,755 shares of the company’s stock worth $7,617,000 after buying an additional 59,261 shares during the period. Finally, BlackRock Fund Advisors raised its stake in shares of Atlantic Capital Bancshares by 7.5% in the third quarter. BlackRock Fund Advisors now owns 478,739 shares of the company’s stock worth $7,172,000 after buying an additional 33,280 shares during the period. Institutional investors own 66.92% of the company’s stock.

A number of equities research analysts have weighed in on ACBI shares. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Atlantic Capital Bancshares in a report on Sunday, July 31st. Zacks Investment Research raised shares of Atlantic Capital Bancshares from a “sell” rating to a “hold” rating in a report on Friday, September 23rd. Sandler O’Neill downgraded shares of Atlantic Capital Bancshares from a “buy” rating to a “hold” rating in a report on Friday, July 29th. Raymond James Financial Inc. downgraded shares of Atlantic Capital Bancshares from an “outperform” rating to a “market perform” rating in a report on Friday, July 29th. Finally, Citigroup Inc. lowered shares of Atlantic Capital Bancshares to a “market perform” rating in a research note on Friday, July 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Atlantic Capital Bancshares currently has an average rating of “Hold” and an average price target of $16.00.

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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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