Dimensional Fund Advisors LP lifted its stake in shares of Atlantic Capital Bancshares Inc (NASDAQ:ACBI) by 93.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 148,753 shares of the bank’s stock after acquiring an additional 71,675 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.58% of Atlantic Capital Bancshares worth $2,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in shares of Atlantic Capital Bancshares by 52.9% during the second quarter. Bank of New York Mellon Corp now owns 838,883 shares of the bank’s stock valued at $15,939,000 after buying an additional 290,120 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Atlantic Capital Bancshares by 8.1% during the second quarter. Vanguard Group Inc. now owns 780,758 shares of the bank’s stock worth $14,835,000 after acquiring an additional 58,216 shares during the period. Northern Trust Corp lifted its holdings in Atlantic Capital Bancshares by 27.7% during the second quarter. Northern Trust Corp now owns 249,876 shares of the bank’s stock worth $4,747,000 after acquiring an additional 54,238 shares during the period. Renaissance Technologies LLC lifted its holdings in Atlantic Capital Bancshares by 25.0% during the first quarter. Renaissance Technologies LLC now owns 239,767 shares of the bank’s stock worth $4,544,000 after acquiring an additional 47,951 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Atlantic Capital Bancshares by 2.8% during the first quarter. Geode Capital Management LLC now owns 138,736 shares of the bank’s stock worth $2,629,000 after acquiring an additional 3,830 shares during the period. 79.24% of the stock is owned by institutional investors and hedge funds.
Atlantic Capital Bancshares Inc (NASDAQ ACBI) opened at $16.75 on Wednesday. Atlantic Capital Bancshares Inc has a fifty-two week low of $15.20 and a fifty-two week high of $20.20. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $433.52, a PE ratio of 30.64, a PEG ratio of 1.26 and a beta of 0.94.
Atlantic Capital Bancshares (NASDAQ:ACBI) last released its earnings results on Friday, October 27th. The bank reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). Atlantic Capital Bancshares had a net margin of 12.34% and a return on equity of 4.39%. The company had revenue of $23.77 million during the quarter, compared to the consensus estimate of $26.19 million. research analysts anticipate that Atlantic Capital Bancshares Inc will post 0.61 earnings per share for the current fiscal year.
Several analysts have issued reports on ACBI shares. Zacks Investment Research lowered Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $20.00 price objective on shares of Atlantic Capital Bancshares in a research note on Wednesday, October 4th. Finally, BidaskClub lowered Atlantic Capital Bancshares from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $21.67.
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Atlantic Capital Bancshares Company Profile
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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