Texas Capital Bancshares Inc. TX Purchases New Position in Atlantic Capital Bancshares, Inc. (ACBI)

Texas Capital Bancshares Inc. TX purchased a new position in Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,098 shares of the bank’s stock, valued at approximately $211,000.

Other hedge funds also recently modified their holdings of the company. State Street Corp increased its stake in Atlantic Capital Bancshares by 13.3% in the fourth quarter. State Street Corp now owns 259,852 shares of the bank’s stock valued at $4,939,000 after buying an additional 30,409 shares during the last quarter. Renaissance Technologies LLC increased its stake in Atlantic Capital Bancshares by 128.6% in the fourth quarter. Renaissance Technologies LLC now owns 191,816 shares of the bank’s stock valued at $3,645,000 after buying an additional 107,916 shares during the last quarter. Nationwide Fund Advisors increased its stake in Atlantic Capital Bancshares by 1.8% in the first quarter. Nationwide Fund Advisors now owns 11,091 shares of the bank’s stock valued at $210,000 after buying an additional 193 shares during the last quarter. Oxbow Advisors LLC increased its stake in Atlantic Capital Bancshares by 150.0% in the first quarter. Oxbow Advisors LLC now owns 39,220 shares of the bank’s stock valued at $743,000 after buying an additional 23,532 shares during the last quarter. Finally, Sfmg LLC increased its stake in Atlantic Capital Bancshares by 150.0% in the first quarter. Sfmg LLC now owns 26,146 shares of the bank’s stock valued at $495,000 after buying an additional 15,688 shares during the last quarter. Institutional investors own 75.36% of the company’s stock.

Shares of Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) opened at 17.20 on Friday. The stock’s 50 day moving average price is $18.82 and its 200-day moving average price is $18.80. Atlantic Capital Bancshares, Inc. has a 52 week low of $13.80 and a 52 week high of $20.20. The stock has a market cap of $441.37 million, a price-to-earnings ratio of 34.33 and a beta of 0.99.

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 analysts’ consensus estimates of $0.17. The firm had revenue of $26 million during the quarter, compared to analyst estimates of $25.10 million. Atlantic Capital Bancshares had a return on equity of 4.45% and a net margin of 12.18%. Equities analysts anticipate that Atlantic Capital Bancshares, Inc. will post $0.68 earnings per share for the current fiscal year.

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Several analysts recently weighed in on ACBI shares. BidaskClub downgraded Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Zacks Investment Research upgraded Atlantic Capital Bancshares from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Wednesday, August 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $20.00 target price on shares of Atlantic Capital Bancshares in a research note on Friday, June 2nd. Finally, Gabelli initiated coverage on Atlantic Capital Bancshares in a research note on Wednesday, June 14th. They issued a “buy” rating and a $23.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $21.67.

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.

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

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