Atlantic Capital Bancshares (NASDAQ:ACBI) had its price objective lifted by Raymond James from $27.00 to $30.00 in a note issued to investors on Monday, PriceTargets.com reports. The brokerage presently has an “outperform” rating on the bank’s stock. Raymond James’ target price indicates a potential upside of 10.91% from the company’s previous close.
Other research analysts have also recently issued reports about the company. Truist lifted their price objective on Atlantic Capital Bancshares from $26.00 to $32.00 in a report on Monday, April 26th. G.Research raised shares of Atlantic Capital Bancshares from a “hold” rating to a “buy” rating in a report on Monday, April 26th. Truist Securities lifted their target price on shares of Atlantic Capital Bancshares from $26.00 to $32.00 in a research note on Monday, April 26th. Finally, Gabelli raised Atlantic Capital Bancshares from a “hold” rating to a “buy” rating in a research note on Monday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Atlantic Capital Bancshares currently has an average rating of “Buy” and a consensus target price of $25.20.
Shares of Atlantic Capital Bancshares stock opened at $27.05 on Monday. Atlantic Capital Bancshares has a 52-week low of $9.18 and a 52-week high of $28.93. The firm has a market capitalization of $550.79 million, a PE ratio of 29.73, a price-to-earnings-growth ratio of 1.26 and a beta of 0.91. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.92 and a quick ratio of 0.92. The company’s fifty day moving average price is $24.89 and its two-hundred day moving average price is $18.97.
Atlantic Capital Bancshares (NASDAQ:ACBI) last issued its earnings results on Wednesday, April 21st. The bank reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.23. Atlantic Capital Bancshares had a net margin of 17.73% and a return on equity of 5.91%. Analysts predict that Atlantic Capital Bancshares will post 0.96 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ancora Advisors LLC bought a new stake in shares of Atlantic Capital Bancshares during the fourth quarter worth $1,602,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Atlantic Capital Bancshares during the 1st quarter worth approximately $1,444,000. Brandywine Global Investment Management LLC boosted its stake in Atlantic Capital Bancshares by 18.8% in the fourth quarter. Brandywine Global Investment Management LLC now owns 335,637 shares of the bank’s stock valued at $5,343,000 after acquiring an additional 53,137 shares during the last quarter. rhino investment partners Inc bought a new position in Atlantic Capital Bancshares in the fourth quarter valued at approximately $703,000. Finally, JPMorgan Chase & Co. grew its holdings in Atlantic Capital Bancshares by 30.3% during the 4th quarter. JPMorgan Chase & Co. now owns 154,782 shares of the bank’s stock worth $2,464,000 after acquiring an additional 36,036 shares during the period. 84.54% of the stock is owned by institutional investors.
Atlantic Capital Bancshares Company Profile
Atlantic Capital Bancshares, Inc operates as the bank holding company for Atlantic Capital Bank, N.A. that provides banking products and services. The company offers non-interest and interest bearing demand, savings and money market, time, and brokered deposits. It also provides working capital and equipment loans, loans supported by owner-occupied real estate, revolving lines of credit, term loans, and letters of credit; secured installments and home equity lines of credit; and commercial real estate loans, including secured construction loans, secured mini-permanent loans, and secured or unsecured lines of credit, as well as small business administration and franchise finance loans.
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