Atlantic Capital Bancshares (ACBI) Cut to Sell at BidaskClub

Atlantic Capital Bancshares (NASDAQ:ACBI) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Friday.

ACBI has been the topic of several other reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $20.00 price target on shares of Atlantic Capital Bancshares in a research note on Monday, January 29th. SunTrust Banks reissued a “hold” rating and issued a $18.00 price target on shares of Atlantic Capital Bancshares in a research note on Monday, January 29th. TheStreet raised Atlantic Capital Bancshares from a “c” rating to a “b-” rating in a research note on Friday, December 22nd. FIG Partners raised Atlantic Capital Bancshares from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 30th. Finally, Sandler O’Neill set a $18.00 price target on Atlantic Capital Bancshares and gave the company a “hold” rating in a research note on Monday, January 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $19.80.

Atlantic Capital Bancshares (ACBI) opened at $17.45 on Friday. Atlantic Capital Bancshares has a 12 month low of $15.20 and a 12 month high of $19.85. 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 $451.28 and a P/E ratio of -116.33.

Atlantic Capital Bancshares (NASDAQ:ACBI) last issued its quarterly earnings results on Monday, January 29th. The bank reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.08). Atlantic Capital Bancshares had a negative net margin of 3.31% and a positive return on equity of 4.29%. The business had revenue of $24.68 million during the quarter, compared to analyst estimates of $24.55 million. equities research analysts anticipate that Atlantic Capital Bancshares will post 0.92 EPS for the current year.

In other news, COO D Michael Kramer sold 14,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $17.19, for a total transaction of $249,255.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.10% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the company. MetLife Investment Advisors LLC acquired a new position in shares of Atlantic Capital Bancshares during the fourth quarter worth approximately $184,000. Millennium Management LLC raised its position in shares of Atlantic Capital Bancshares by 10.8% during the fourth quarter. Millennium Management LLC now owns 314,977 shares of the bank’s stock worth $5,544,000 after purchasing an additional 30,583 shares during the period. Two Sigma Investments LP raised its position in shares of Atlantic Capital Bancshares by 22.4% during the fourth quarter. Two Sigma Investments LP now owns 96,531 shares of the bank’s stock worth $1,699,000 after purchasing an additional 17,684 shares during the period. Two Sigma Advisers LP raised its position in shares of Atlantic Capital Bancshares 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 period. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Atlantic Capital Bancshares during the fourth quarter worth approximately $574,000. 79.43% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Atlantic Capital Bancshares (NASDAQ:ACBI)

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