Atlantic Capital Bancshares (ACBI) Lifted to B- at TheStreet

TheStreet upgraded shares of Atlantic Capital Bancshares (NASDAQ:ACBI) from a c+ rating to a b- rating in a research note released on Wednesday morning.

ACBI has been the subject of several other research reports. Zacks Investment Research lowered shares of Atlantic Capital Bancshares from a buy rating to a sell rating in a research note on Wednesday. BidaskClub upgraded shares of Atlantic Capital Bancshares from a hold rating to a buy rating in a research note on Saturday, January 5th. ValuEngine upgraded shares of Atlantic Capital Bancshares from a sell rating to a hold rating in a research note on Friday, November 16th. Sandler O’Neill raised shares of Atlantic Capital Bancshares from a hold rating to a buy rating and boosted their price target for the company from $16.50 to $20.00 in a report on Monday, November 19th. Finally, Raymond James raised shares of Atlantic Capital Bancshares from a market perform rating to an outperform rating and set a $20.00 price target for the company in a report on Friday, November 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $19.20.

Shares of NASDAQ:ACBI opened at $18.17 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $466.03 million, a P/E ratio of 34.28, a P/E/G ratio of 0.54 and a beta of 0.95. Atlantic Capital Bancshares has a 12-month low of $14.44 and a 12-month high of $21.60.

Atlantic Capital Bancshares (NASDAQ:ACBI) last issued its quarterly earnings results on Thursday, October 25th. The bank reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The company had revenue of $25.63 million during the quarter, compared to the consensus estimate of $26.92 million. Atlantic Capital Bancshares had a return on equity of 6.95% and a net margin of 3.55%. Equities research analysts predict that Atlantic Capital Bancshares will post 1 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in shares of Atlantic Capital Bancshares by 0.5% during the third quarter. Bank of New York Mellon Corp now owns 1,497,122 shares of the bank’s stock valued at $25,076,000 after acquiring an additional 7,437 shares during the period. BlackRock Inc. boosted its holdings in shares of Atlantic Capital Bancshares by 2.3% during the third quarter. BlackRock Inc. now owns 1,381,150 shares of the bank’s stock valued at $23,134,000 after acquiring an additional 30,522 shares during the period. Vanguard Group Inc boosted its holdings in shares of Atlantic Capital Bancshares by 1.0% during the third quarter. Vanguard Group Inc now owns 1,115,817 shares of the bank’s stock valued at $18,690,000 after acquiring an additional 10,635 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Atlantic Capital Bancshares by 1.0% during the third quarter. Vanguard Group Inc. now owns 1,115,817 shares of the bank’s stock valued at $18,690,000 after acquiring an additional 10,635 shares during the period. Finally, Elizabeth Park Capital Advisors Ltd. boosted its holdings in shares of Atlantic Capital Bancshares by 5.8% during the third quarter. Elizabeth Park Capital Advisors Ltd. now owns 809,171 shares of the bank’s stock valued at $13,554,000 after acquiring an additional 44,342 shares during the period. 84.03% of the stock is owned by institutional investors.

About Atlantic Capital Bancshares

Atlantic Capital Bancshares, Inc operates as the holding company for Atlantic Capital Bank, N.A. that provides commercial banking products and services in the United States. The company offers NOW, money market, savings, checking, time, Internet and brokered, and demand deposits; working capital and equipment loans, loans supported by owner-occupied real estate, revolving lines of credit, term loans, letters of credit, installment and term loans, and home equity lines of credit; residential mortgage loans; and commercial real estate loans, including secured construction loans, secured mini-permanent loans, and secured or unsecured lines of credit.

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Analyst Recommendations for Atlantic Capital Bancshares (NASDAQ:ACBI)

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