CNA Financial Corp purchased a new stake in shares of Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,174 shares of the bank’s stock, valued at approximately $348,000. CNA Financial Corp owned 0.07% of Atlantic Capital Bancshares as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in ACBI. American International Group Inc. boosted its holdings in shares of Atlantic Capital Bancshares by 7.0% during the first quarter. American International Group Inc. now owns 10,661 shares of the bank’s stock valued at $202,000 after acquiring an additional 702 shares during the period. Vanguard Group Inc. raised its stake in shares of Atlantic Capital Bancshares by 7.1% during the first quarter. Vanguard Group Inc. now owns 722,542 shares of the bank’s stock valued at $13,692,000 after purchasing an additional 47,812 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Atlantic Capital Bancshares by 2.8% during the first quarter. Geode Capital Management LLC now owns 138,736 shares of the bank’s stock valued at $2,629,000 after purchasing an additional 3,830 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Atlantic Capital Bancshares by 619.2% during the first quarter. Dimensional Fund Advisors LP now owns 77,078 shares of the bank’s stock valued at $1,461,000 after purchasing an additional 66,361 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Atlantic Capital Bancshares by 25.0% during the first quarter. Renaissance Technologies LLC now owns 239,767 shares of the bank’s stock valued at $4,544,000 after purchasing an additional 47,951 shares in the last quarter. 68.97% of the stock is owned by institutional investors.

In other Atlantic Capital Bancshares news, major shareholder Stone Point Capital Llc sold 3,109,127 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $16.50, for a total value of $51,300,595.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.10% of the stock is currently owned by insiders.

Shares of Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) traded down $0.05 during trading on Thursday, reaching $16.45. 51,500 shares of the company’s stock traded hands, compared to its average volume of 83,876. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54. Atlantic Capital Bancshares, Inc. has a 12-month low of $15.20 and a 12-month high of $20.20. The company has a market capitalization of $424.52, a PE ratio of 30.00, a PEG ratio of 1.24 and a beta of 0.91.

Atlantic Capital Bancshares (NASDAQ:ACBI) last issued its quarterly earnings results on Friday, October 27th. The bank reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). Atlantic Capital Bancshares had a return on equity of 4.39% and a net margin of 12.34%. The business had revenue of $23.77 million during the quarter, compared to the consensus estimate of $26.19 million. equities research analysts anticipate that Atlantic Capital Bancshares, Inc. will post 0.61 EPS for the current fiscal year.

A number of brokerages recently weighed in on ACBI. Keefe, Bruyette & Woods restated a “hold” rating and set a $20.00 price objective on shares of Atlantic Capital Bancshares in a research note on Wednesday, October 4th. Zacks Investment Research cut shares of Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Finally, BidaskClub cut shares of Atlantic Capital Bancshares from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Atlantic Capital Bancshares presently has an average rating of “Hold” and a consensus price target of $21.67.

TRADEMARK VIOLATION NOTICE: “CNA Financial Corp Invests $348,000 in Atlantic Capital Bancshares, Inc. (ACBI)” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another website, it was copied illegally and reposted in violation of US and international copyright legislation. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/11/16/cna-financial-corp-invests-348000-in-atlantic-capital-bancshares-inc-acbi.html.

About Atlantic Capital Bancshares

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.

Institutional Ownership by Quarter for Atlantic Capital Bancshares (NASDAQ:ACBI)

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