Atlantic Capital (NASDAQ:ACBI) has been assigned a consensus recommendation of “Hold” from the eight ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $18.50.

Several research firms have weighed in on ACBI. Zacks Investment Research raised Atlantic Capital from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Tuesday, April 17th. BidaskClub lowered Atlantic Capital from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 30th. Keefe, Bruyette & Woods reissued a “neutral” rating on shares of Atlantic Capital in a research note on Friday, July 27th. Finally, ValuEngine lowered Atlantic Capital from a “hold” rating to a “sell” rating in a research note on Saturday, July 28th.

In other Atlantic Capital news, Director James H. Graves sold 16,000 shares of the stock in a transaction dated Wednesday, May 30th. The stock was sold at an average price of $20.93, for a total value of $334,880.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kurt A. Shreiner sold 2,500 shares of the stock in a transaction dated Monday, June 4th. The shares were sold at an average price of $21.30, for a total value of $53,250.00. The disclosure for this sale can be found here. Insiders sold 27,920 shares of company stock worth $573,377 in the last three months. Insiders own 3.40% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Gamco Investors INC. ET AL increased its holdings in shares of Atlantic Capital by 21.6% in the first quarter. Gamco Investors INC. ET AL now owns 97,845 shares of the bank’s stock worth $1,771,000 after acquiring an additional 17,365 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of Atlantic Capital in the first quarter worth about $199,000. Two Sigma Advisers LP increased its holdings in shares of Atlantic Capital by 30.8% in the fourth quarter. Two Sigma Advisers LP now owns 64,900 shares of the bank’s stock worth $1,142,000 after acquiring an additional 15,300 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Atlantic Capital in the fourth quarter worth about $574,000. Finally, Monarch Partners Asset Management LLC bought a new stake in shares of Atlantic Capital in the first quarter worth about $542,000. 80.96% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Atlantic Capital traded down $0.07, hitting $18.08, during trading hours on Friday, according to Marketbeat.com. 29,186 shares of the stock traded hands, compared to its average volume of 63,319. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.76. Atlantic Capital has a 1-year low of $15.20 and a 1-year high of $21.60. The firm has a market capitalization of $469.97 million, a PE ratio of 34.10 and a beta of 0.56.

Atlantic Capital (NASDAQ:ACBI) last issued its quarterly earnings results on Wednesday, July 25th. The bank reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. Atlantic Capital had a return on equity of 6.16% and a net margin of 1.60%. The business had revenue of $27.35 million for the quarter, compared to analyst estimates of $26.47 million. analysts anticipate that Atlantic Capital will post 1 EPS for the current year.

Atlantic Capital Company Profile

Atlantic Capital Bancshares, Inc operates as the holding company for Atlantic Capital Bank, N.A. that provides commercial banking products and services in the United States. The company offers NOW, money market, savings, checking, time, Internet and brokered, and demand deposits; working capital and equipment loans, loans supported by owner-occupied real estate, revolving lines of credit, term loans, letters of credit, installment and term loans, and home equity lines of credit; residential mortgage loans; and commercial real estate loans, including secured construction loans, secured mini-permanent loans, and secured or unsecured lines of credit.

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