BidaskClub upgraded shares of Atlantic Capital Bancshares (NASDAQ:ACBI) from a strong sell rating to a sell rating in a research report sent to investors on Friday morning.
Other equities analysts also recently issued reports about the stock. TheStreet raised shares of Atlantic Capital Bancshares from a c rating to a b- rating in a research note on Friday, December 22nd. Sandler O’Neill set a $18.00 price target on shares of Atlantic Capital Bancshares and gave the stock a hold rating in a research note on Monday, January 29th. SunTrust Banks reissued a hold rating and set a $18.00 price target on shares of Atlantic Capital Bancshares in a research note on Monday, January 29th. Keefe, Bruyette & Woods reissued a hold rating and set a $20.00 price target on shares of Atlantic Capital Bancshares in a research note on Monday, January 29th. Finally, Zacks Investment Research raised shares of Atlantic Capital Bancshares from a sell rating to a hold rating and set a $20.00 price target for the company in a research note on Monday, January 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Atlantic Capital Bancshares currently has a consensus rating of Hold and a consensus target price of $19.80.
Atlantic Capital Bancshares (ACBI) opened at $17.85 on Friday. Atlantic Capital Bancshares has a 12 month low of $15.20 and a 12 month high of $19.85. The firm has a market cap of $458.98, a PE ratio of -137.31, a price-to-earnings-growth ratio of 0.89 and a beta of 0.82. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.94 and a quick ratio of 0.94.
In related news, COO D Michael Kramer sold 14,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $17.19, for a total transaction of $249,255.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.10% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc raised its stake in shares of Atlantic Capital Bancshares by 11.4% during the second quarter. Legal & General Group Plc now owns 5,954 shares of the bank’s stock worth $114,000 after buying an additional 611 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Atlantic Capital Bancshares during the third quarter worth approximately $133,000. Principal Financial Group Inc. bought a new stake in shares of Atlantic Capital Bancshares during the second quarter worth approximately $201,000. Patten Group Inc. increased its stake in Atlantic Capital Bancshares by 305.5% in the third quarter. Patten Group Inc. now owns 51,304 shares of the bank’s stock valued at $239,000 after purchasing an additional 38,653 shares in the last quarter. Finally, Nationwide Fund Advisors increased its stake in Atlantic Capital Bancshares by 16.6% in the second quarter. Nationwide Fund Advisors now owns 12,930 shares of the bank’s stock valued at $246,000 after purchasing an additional 1,839 shares in the last quarter. 79.15% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION NOTICE: This article was posted by Community Financial News and is the property of of Community Financial News. If you are reading this article on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The original version of this article can be viewed at https://www.com-unik.info/2018/02/05/atlantic-capital-bancshares-acbi-rating-increased-to-sell-at-bidaskclub.html.
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.
Receive News & Ratings for Atlantic Capital Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlantic Capital Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.