Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Sunday.

Several other equities research analysts have also recently issued reports on the company. Zacks Investment Research raised Atlantic Capital Bancshares from a “sell” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Wednesday, June 28th. Gabelli began coverage on Atlantic Capital Bancshares in a research note on Wednesday, June 14th. They set a “buy” rating and a $23.00 target price for the company. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $20.00 target price on shares of Atlantic Capital Bancshares in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Atlantic Capital Bancshares presently has a consensus rating of “Hold” and a consensus price target of $21.33.

Atlantic Capital Bancshares (ACBI) traded down 0.27% during trading on Friday, reaching $18.55. The company had a trading volume of 83,417 shares. The firm has a market capitalization of $474.47 million, a price-to-earnings ratio of 34.35 and a beta of 1.00. The company’s 50-day moving average is $18.83 and its 200 day moving average is $18.83. Atlantic Capital Bancshares has a 52 week low of $13.80 and a 52 week high of $20.20.

Atlantic Capital Bancshares (NASDAQ:ACBI) last posted its earnings results on Friday, April 28th. The bank reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.01. The business had revenue of $23.11 million for the quarter, compared to analyst estimates of $24.21 million. Atlantic Capital Bancshares had a return on equity of 4.36% and a net margin of 13.25%. Equities analysts anticipate that Atlantic Capital Bancshares will post $0.66 EPS for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACBI. American International Group Inc. raised its position in Atlantic Capital Bancshares by 7.0% in the first quarter. American International Group Inc. now owns 10,661 shares of the bank’s stock valued at $202,000 after buying an additional 702 shares in the last quarter. Bank of America Corp DE raised its position in Atlantic Capital Bancshares by 5.8% in the first quarter. Bank of America Corp DE now owns 10,900 shares of the bank’s stock valued at $206,000 after buying an additional 598 shares in the last quarter. Nationwide Fund Advisors raised its position in Atlantic Capital Bancshares by 1.8% in the first quarter. Nationwide Fund Advisors now owns 11,091 shares of the bank’s stock valued at $210,000 after buying an additional 193 shares in the last quarter. Patten Group Inc. raised its position in Atlantic Capital Bancshares by 3.5% in the first quarter. Patten Group Inc. now owns 12,112 shares of the bank’s stock valued at $229,000 after buying an additional 405 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. purchased a new position in Atlantic Capital Bancshares during the first quarter valued at approximately $237,000. Institutional investors and hedge funds own 74.04% of the company’s stock.

Atlantic Capital Bancshares Company Profile

Atlantic Capital Bancshares, Inc is the bank holding company for Atlantic Capital Bank (the Bank). The Bank operates as a 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.

Analyst Recommendations for Atlantic Capital Bancshares (NASDAQ:ACBI)

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