Atlantic Capital Bancshares (NASDAQ:ACBI) Raised to Buy at Gabelli


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Atlantic Capital Bancshares (NASDAQ:ACBI) was upgraded by equities researchers at Gabelli from a “hold” rating to a “buy” rating in a research report issued on Monday, Benzinga reports.

Other equities analysts have also issued research reports about the company. Truist Securities raised their price objective on Atlantic Capital Bancshares from $26.00 to $32.00 in a report on Monday, April 26th. Raymond James lifted their price target on Atlantic Capital Bancshares from $27.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, April 26th. G.Research raised Atlantic Capital Bancshares from a “hold” rating to a “buy” rating in a report on Monday, April 26th. Finally, Truist lifted their target price on shares of Atlantic Capital Bancshares from $26.00 to $32.00 in a report on Monday, April 26th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $25.20.

Shares of ACBI opened at $27.05 on Monday. The company has a market capitalization of $550.79 million, a price-to-earnings ratio of 29.73, a price-to-earnings-growth ratio of 1.26 and a beta of 0.91. Atlantic Capital Bancshares has a 52-week low of $9.18 and a 52-week high of $28.93. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.22. The stock has a 50 day moving average price of $24.89 and a 200 day moving average price of $18.97.

Atlantic Capital Bancshares (NASDAQ:ACBI) last issued its quarterly earnings data on Wednesday, April 21st. The bank reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.23. Atlantic Capital Bancshares had a net margin of 17.73% and a return on equity of 5.91%. On average, equities analysts anticipate that Atlantic Capital Bancshares will post 0.96 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of ACBI. Nisa Investment Advisors LLC boosted its holdings in shares of Atlantic Capital Bancshares by 33.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,000 shares of the bank’s stock valued at $64,000 after acquiring an additional 1,000 shares in the last quarter. Citigroup Inc. lifted its position in Atlantic Capital Bancshares by 231.0% in the fourth quarter. Citigroup Inc. now owns 4,031 shares of the bank’s stock valued at $64,000 after purchasing an additional 2,813 shares during the period. Captrust Financial Advisors purchased a new stake in Atlantic Capital Bancshares in the 4th quarter valued at approximately $80,000. Valeo Financial Advisors LLC acquired a new position in Atlantic Capital Bancshares during the 1st quarter worth approximately $130,000. Finally, Susquehanna International Group LLP purchased a new position in shares of Atlantic Capital Bancshares during the 4th quarter worth approximately $182,000. Hedge funds and other institutional investors own 84.54% 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. The company offers non-interest and interest bearing demand, savings and money market, time, and brokered deposits. It also provides working capital and equipment loans, loans supported by owner-occupied real estate, revolving lines of credit, term loans, and letters of credit; secured installments and home equity lines of credit; and commercial real estate loans, including secured construction loans, secured mini-permanent loans, and secured or unsecured lines of credit, as well as small business administration and franchise finance loans.

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Analyst Recommendations for Atlantic Capital Bancshares (NASDAQ:ACBI)

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