Atlantic Capital Bancshares Inc. (NASDAQ:ACBI) Director Walter M. Deriso, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $16.24, for a total transaction of $162,400.00. Following the completion of the transaction, the director now directly owns 173,249 shares in the company, valued at $2,813,563.76. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of Atlantic Capital Bancshares Inc. (NASDAQ:ACBI) opened at 16.00 on Wednesday. The firm has a market cap of $400.32 million and a P/E ratio of 107.38. Atlantic Capital Bancshares Inc. has a one year low of $11.55 and a one year high of $16.52. The stock’s 50 day moving average is $15.24 and its 200-day moving average is $14.89.

Atlantic Capital Bancshares (NASDAQ:ACBI) last posted its quarterly earnings results on Friday, October 28th. The company reported $0.15 earnings per share (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%. Analysts anticipate that Atlantic Capital Bancshares Inc. will post $0.61 EPS for the current fiscal year.

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

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Separately, Zacks Investment Research raised shares of Atlantic Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, August 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Atlantic Capital Bancshares currently has an average rating of “Hold” and a consensus price target of $16.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of ACBI. RMB Capital Management LLC boosted its position in 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 valued at $39,653,000 after buying an additional 1,931,254 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in 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 valued at $30,074,000 after buying an additional 592,264 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in Atlantic Capital Bancshares during the third quarter valued at about $13,404,000. Vanguard Group Inc. boosted its position in Atlantic Capital Bancshares by 12.7% in the second quarter. Vanguard Group Inc. now owns 526,755 shares of the company’s stock valued at $7,617,000 after buying an additional 59,261 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its position in Atlantic Capital Bancshares by 7.5% in the third quarter. BlackRock Fund Advisors now owns 478,739 shares of the company’s stock valued at $7,172,000 after buying an additional 33,280 shares in the last quarter. 64.32% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:ACBI

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