Shares of Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) have earned a consensus recommendation of “Hold” from the six ratings firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $21.50.

Several research firms have weighed in on ACBI. Zacks Investment Research downgraded Atlantic Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $20.00 target price on shares of Atlantic Capital Bancshares in a research report on Wednesday, October 4th. Finally, BidaskClub downgraded Atlantic Capital Bancshares from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th.

Shares of Atlantic Capital Bancshares (NASDAQ ACBI) traded down $0.35 during trading hours on Monday, hitting $16.85. The company had a trading volume of 47,134 shares, compared to its average volume of 78,099. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.54. The firm has a market cap of $442.52, a P/E ratio of 31.27, a price-to-earnings-growth ratio of 1.29 and a beta of 0.94. Atlantic Capital Bancshares has a 1 year low of $15.20 and a 1 year high of $20.20.

Atlantic Capital Bancshares (NASDAQ:ACBI) last released its earnings results on Friday, October 27th. The bank reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.03). The firm had revenue of $23.77 million during the quarter, compared to analyst estimates of $26.19 million. Atlantic Capital Bancshares had a net margin of 12.34% and a return on equity of 4.39%. sell-side analysts expect that Atlantic Capital Bancshares will post 0.61 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACBI. American International Group Inc. grew its position in Atlantic Capital Bancshares by 7.0% in the 1st 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 in the last quarter. Vanguard Group Inc. boosted its stake in shares of Atlantic Capital Bancshares by 7.1% in the 1st quarter. Vanguard Group Inc. now owns 722,542 shares of the bank’s stock valued at $13,692,000 after buying an additional 47,812 shares during the period. Geode Capital Management LLC boosted its stake in shares of Atlantic Capital Bancshares by 2.8% in the 1st quarter. Geode Capital Management LLC now owns 138,736 shares of the bank’s stock valued at $2,629,000 after buying an additional 3,830 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Atlantic Capital Bancshares by 619.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 77,078 shares of the bank’s stock valued at $1,461,000 after buying an additional 66,361 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Atlantic Capital Bancshares by 25.0% in the 1st quarter. Renaissance Technologies LLC now owns 239,767 shares of the bank’s stock valued at $4,544,000 after buying an additional 47,951 shares during the period. 79.24% of the stock is owned by institutional investors.

TRADEMARK VIOLATION WARNING: This report was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/12/02/atlantic-capital-bancshares-inc-acbi-receives-21-50-average-price-target-from-analysts.html.

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.

Receive News & Stock Ratings for Atlantic Capital Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlantic Capital Bancshares Inc. and related stocks with our FREE daily email newsletter.