Atlantic Capital Bancshares, Inc. (ACBI) Rating Reiterated by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods restated their hold rating on shares of Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) in a research report report published on Wednesday morning. The firm currently has a $20.00 target price on the bank’s stock.

Several other brokerages have also recently issued reports on ACBI. Gabelli started coverage on Atlantic Capital Bancshares in a research report on Wednesday, June 14th. They issued a buy rating and a $23.00 price target on the stock. Zacks Investment Research cut Atlantic Capital Bancshares from a buy rating to a hold rating in a research report on Tuesday, August 15th. Finally, BidaskClub cut Atlantic Capital Bancshares from a hold rating to a sell rating in a research report on Sunday, July 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $21.67.

Atlantic Capital Bancshares (NASDAQ ACBI) opened at 18.80 on Wednesday. Atlantic Capital Bancshares has a 12 month low of $13.80 and a 12 month high of $20.20. The firm’s 50-day moving average price is $17.68 and its 200-day moving average price is $18.53. The stock has a market cap of $482.43 million, a P/E ratio of 37.52 and a beta of 1.03.

Atlantic Capital Bancshares (NASDAQ:ACBI) last issued its quarterly earnings results on Friday, July 28th. The bank reported $0.17 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17. The firm had revenue of $26.00 million for the quarter, compared to analysts’ expectations of $25.10 million. Atlantic Capital Bancshares had a return on equity of 4.45% and a net margin of 12.18%. On average, analysts predict that Atlantic Capital Bancshares will post $0.68 earnings per share for the current year.

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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 that occurred on Wednesday, August 23rd. The stock was sold at an average price of $16.50, for a total transaction of $51,300,595.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 4.60% of the company’s stock.

Several large investors have recently made changes to their positions in ACBI. Wellington Management Group LLP purchased a new stake in shares of Atlantic Capital Bancshares during the 1st quarter worth approximately $10,775,000. Bank of New York Mellon Corp boosted its stake in shares of Atlantic Capital Bancshares by 155.0% during the 1st quarter. Bank of New York Mellon Corp now owns 548,763 shares of the bank’s stock worth $10,400,000 after acquiring an additional 333,588 shares in the last quarter. Huber Capital Management LLC purchased a new stake in shares of Atlantic Capital Bancshares during the 2nd quarter worth approximately $3,684,000. RMB Capital Management LLC boosted its stake in shares of Atlantic Capital Bancshares by 15.3% during the 1st quarter. RMB Capital Management LLC now owns 1,013,469 shares of the bank’s stock worth $19,205,000 after acquiring an additional 134,285 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Atlantic Capital Bancshares by 93.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 148,753 shares of the bank’s stock worth $2,826,000 after acquiring an additional 71,675 shares in the last quarter. 78.34% of the stock is currently owned by institutional investors and hedge funds.

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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