Boston Partners Boosts Stake in Atlantic Capital (ACBI)

Boston Partners lifted its holdings in Atlantic Capital (NASDAQ:ACBI) by 2.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,914 shares of the bank’s stock after buying an additional 5,000 shares during the period. Boston Partners owned approximately 0.97% of Atlantic Capital worth $4,542,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Teton Advisors Inc. increased its position in Atlantic Capital by 66.3% during the fourth quarter. Teton Advisors Inc. now owns 69,008 shares of the bank’s stock worth $1,215,000 after purchasing an additional 27,500 shares during the last quarter. Victory Capital Management Inc. increased its position in Atlantic Capital by 8.0% during the fourth quarter. Victory Capital Management Inc. now owns 64,488 shares of the bank’s stock worth $1,135,000 after purchasing an additional 4,788 shares during the last quarter. Two Sigma Advisers LP increased its position in Atlantic Capital by 30.8% during the fourth quarter. Two Sigma Advisers LP now owns 64,900 shares of the bank’s stock worth $1,142,000 after purchasing an additional 15,300 shares during the last quarter. Bank of New York Mellon Corp increased its position in Atlantic Capital by 12.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,392,698 shares of the bank’s stock worth $24,511,000 after purchasing an additional 154,831 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its position in Atlantic Capital by 215.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 80,480 shares of the bank’s stock worth $1,416,000 after purchasing an additional 54,980 shares during the last quarter. 80.17% of the stock is currently owned by hedge funds and other institutional investors.

In other Atlantic Capital news, insider Richard A. Jr. Oglesby sold 6,719 shares of Atlantic Capital stock in a transaction dated Friday, March 23rd. The shares were sold at an average price of $17.99, for a total transaction of $120,874.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kurt A. Shreiner sold 2,500 shares of Atlantic Capital stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $17.73, for a total transaction of $44,325.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,719 shares of company stock valued at $213,750. Company insiders own 3.40% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Sandler O’Neill set a $18.00 price objective on shares of Atlantic Capital and gave the stock a “hold” rating in a research report on Monday, January 29th. SunTrust Banks restated a “hold” rating and set a $18.00 price objective on shares of Atlantic Capital in a research report on Monday, January 29th. Keefe, Bruyette & Woods restated a “hold” rating and set a $20.00 price objective on shares of Atlantic Capital in a research report on Monday, January 29th. BidaskClub upgraded shares of Atlantic Capital from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, April 4th. Finally, Zacks Investment Research upgraded shares of Atlantic Capital from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Monday, April 2nd. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $20.20.

Atlantic Capital opened at $20.75 on Friday, Marketbeat Ratings reports. Atlantic Capital has a 12-month low of $20.30 and a 12-month high of $20.35. The stock has a market cap of $528.56 million, a P/E ratio of 39.15 and a beta of 0.66. 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 (NASDAQ:ACBI) last announced its quarterly earnings results on Thursday, April 26th. The bank reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. Atlantic Capital had a negative net margin of 1.65% and a positive return on equity of 4.92%. The business had revenue of $25.60 million during the quarter, compared to analysts’ expectations of $24.97 million. equities research analysts predict that Atlantic Capital will post 0.98 earnings per share for the current year.

Atlantic Capital 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.

Institutional Ownership by Quarter for Atlantic Capital (NASDAQ:ACBI)

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