Atlantic Capital Bancshares (NASDAQ:ACBI) had its target price lowered by equities researchers at SunTrust Banks from $20.00 to $17.00 in a research report issued to clients and investors on Monday, October 29th. The firm currently has a “hold” rating on the bank’s stock. SunTrust Banks’ target price would suggest a potential downside of 5.40% from the stock’s current price.
ACBI has been the topic of several other reports. Zacks Investment Research upgraded shares of Atlantic Capital Bancshares from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Wednesday, July 11th. TheStreet cut shares of Atlantic Capital Bancshares from a “b” rating to a “c+” rating in a research report on Thursday, August 30th. ValuEngine cut shares of Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, July 28th. BidaskClub cut shares of Atlantic Capital Bancshares from a “sell” rating to a “strong sell” rating in a research report on Friday, September 7th. Finally, Keefe, Bruyette & Woods reiterated a “neutral” rating on shares of Atlantic Capital Bancshares in a research report on Friday, July 27th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $19.40.
Shares of NASDAQ ACBI traded up $0.17 during midday trading on Monday, reaching $17.97. 97,799 shares of the company traded hands, compared to its average volume of 128,390. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.41. Atlantic Capital Bancshares has a 52 week low of $14.44 and a 52 week high of $21.60. The stock has a market cap of $464.72 million, a P/E ratio of 33.91, a P/E/G ratio of 0.69 and a beta of 0.77.
Atlantic Capital Bancshares (NASDAQ:ACBI) last issued its quarterly earnings results on Thursday, October 25th. The bank reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). Atlantic Capital Bancshares had a return on equity of 6.95% and a net margin of 3.55%. The business had revenue of $25.63 million during the quarter, compared to the consensus estimate of $26.92 million. On average, sell-side analysts anticipate that Atlantic Capital Bancshares will post 1 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of ACBI. SG Americas Securities LLC purchased a new position in Atlantic Capital Bancshares in the 2nd quarter worth about $102,000. Principal Financial Group Inc. purchased a new position in Atlantic Capital Bancshares in the 1st quarter worth about $199,000. Voya Investment Management LLC purchased a new position in Atlantic Capital Bancshares in the 2nd quarter worth about $226,000. Marshall Wace LLP purchased a new position in Atlantic Capital Bancshares in the 2nd quarter worth about $235,000. Finally, MetLife Investment Advisors LLC increased its stake in Atlantic Capital Bancshares by 65.5% in the 3rd quarter. MetLife Investment Advisors LLC now owns 17,273 shares of the bank’s stock worth $289,000 after purchasing an additional 6,833 shares in the last quarter. 85.48% of the stock is currently owned by hedge funds and other institutional investors.
About Atlantic Capital Bancshares
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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