Atlantic Capital Bancshares (ACBI) Downgraded to “Hold” at BidaskClub

BidaskClub lowered shares of Atlantic Capital Bancshares (NASDAQ:ACBI) from a buy rating to a hold rating in a report published on Friday, BidAskClub reports.

Several other brokerages have also commented on ACBI. Zacks Investment Research upgraded shares of Atlantic Capital Bancshares from a sell rating to a hold rating in a research note on Friday, January 25th. Raymond James lowered shares of Atlantic Capital Bancshares from an outperform rating to a market perform rating in a research note on Monday, April 29th. Finally, TheStreet upgraded shares of Atlantic Capital Bancshares from a c+ rating to a b- rating in a research note on Wednesday, January 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Atlantic Capital Bancshares has an average rating of Hold and an average price target of $19.80.

Shares of NASDAQ:ACBI opened at $17.68 on Friday. Atlantic Capital Bancshares has a 12 month low of $14.44 and a 12 month high of $21.60. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.15. The firm has a market cap of $431.46 million, a P/E ratio of 15.57, a P/E/G ratio of 0.60 and a beta of 0.95.

Atlantic Capital Bancshares (NASDAQ:ACBI) last announced its quarterly earnings results on Thursday, April 25th. The bank reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.04). Atlantic Capital Bancshares had a return on equity of 9.05% and a net margin of 24.14%. The company had revenue of $22.76 million for the quarter, compared to analyst estimates of $23.20 million. Equities analysts expect that Atlantic Capital Bancshares will post 1.13 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of ACBI. Quantamental Technologies LLC acquired a new position in Atlantic Capital Bancshares in the first quarter valued at $25,000. Macquarie Group Ltd. acquired a new position in Atlantic Capital Bancshares in the fourth quarter valued at $28,000. Meeder Asset Management Inc. acquired a new position in Atlantic Capital Bancshares in the first quarter valued at $49,000. Legal & General Group Plc increased its stake in Atlantic Capital Bancshares by 22.1% in the fourth quarter. Legal & General Group Plc now owns 4,655 shares of the bank’s stock valued at $76,000 after purchasing an additional 842 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in Atlantic Capital Bancshares by 1,750.2% in the first quarter. BNP Paribas Arbitrage SA now owns 5,162 shares of the bank’s stock valued at $92,000 after purchasing an additional 4,883 shares during the period. Institutional investors own 86.59% of the company’s stock.

Atlantic Capital Bancshares Company Profile

Atlantic Capital Bancshares, Inc operates as the bank holding company for Atlantic Capital Bank, N.A. that provides banking products and services in the Metropolitan Atlanta and rest of the United States. The company offers non-interest and interest bearing demand, savings and money market, time, and brokered deposits; and NOW accounts.

See Also: Book Value Per Share – BVPS

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