Atlantic Capital Bancshares (NASDAQ:ACBI) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Tuesday.

A number of other equities research analysts have also recently weighed in on ACBI. Zacks Investment Research cut Atlantic Capital Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Keefe, Bruyette & Woods set a $20.00 price objective on Atlantic Capital Bancshares and gave the stock a “hold” rating in a research note on Friday, August 18th. 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 stock currently has an average rating of “Hold” and a consensus target price of $21.67.

Shares of Atlantic Capital Bancshares (NASDAQ ACBI) traded up $0.30 during midday trading on Tuesday, hitting $16.80. The company had a trading volume of 40,809 shares, compared to its average volume of 84,392. 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 stock has a market cap of $427.09, a PE ratio of 30.18, a P/E/G ratio of 1.24 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 issued its quarterly earnings data on Friday, October 27th. The bank reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The company had revenue of $23.77 million for the quarter, compared to analysts’ expectations of $26.19 million. Atlantic Capital Bancshares had a return on equity of 4.39% and a net margin of 12.34%. analysts predict that Atlantic Capital Bancshares will post 0.61 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its stake in Atlantic Capital Bancshares by 47.6% in the third quarter. Bank of New York Mellon Corp now owns 1,237,867 shares of the bank’s stock valued at $22,467,000 after buying an additional 398,984 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Atlantic Capital Bancshares by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 962,629 shares of the bank’s stock valued at $18,290,000 after buying an additional 15,692 shares during the last quarter. Vanguard Group Inc. raised its stake in Atlantic Capital Bancshares by 8.1% in the second quarter. Vanguard Group Inc. now owns 780,758 shares of the bank’s stock valued at $14,835,000 after buying an additional 58,216 shares during the last quarter. Huber Capital Management LLC raised its stake in Atlantic Capital Bancshares by 205.2% in the third quarter. Huber Capital Management LLC now owns 591,775 shares of the bank’s stock valued at $10,741,000 after buying an additional 397,879 shares during the last quarter. Finally, Jacobs Asset Management LLC purchased a new stake in Atlantic Capital Bancshares in the third quarter valued at about $6,807,000. Hedge funds and other institutional investors own 79.24% of the company’s stock.

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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 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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