BidaskClub upgraded shares of Atlantic Capital Bancshares (NASDAQ:ACBI) from a strong sell rating to a sell rating in a report released on Thursday morning, BidAskClub reports.

Several other research analysts have also recently issued reports on ACBI. Gabelli restated a buy rating on shares of Atlantic Capital Bancshares in a research note on Monday, July 29th. SunTrust Banks reduced their price objective on Atlantic Capital Bancshares from $20.00 to $19.00 and set a hold rating for the company in a research note on Tuesday, August 27th. Zacks Investment Research cut Atlantic Capital Bancshares from a buy rating to a hold rating in a research note on Tuesday, July 9th. Finally, Keefe, Bruyette & Woods upgraded Atlantic Capital Bancshares from a market perform rating to an outperform rating in a research note on Friday, September 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Atlantic Capital Bancshares currently has an average rating of Hold and a consensus price target of $19.20.

Shares of NASDAQ:ACBI traded up $0.37 during trading on Thursday, hitting $18.08. The stock had a trading volume of 8,205 shares, compared to its average volume of 95,945. Atlantic Capital Bancshares has a 12-month low of $14.44 and a 12-month high of $19.79. The stock has a market capitalization of $390.55 million, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 1.46 and a beta of 0.98. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.39. The stock has a 50-day simple moving average of $17.22 and a two-hundred day simple moving average of $17.58.

Atlantic Capital Bancshares (NASDAQ:ACBI) last announced its quarterly earnings data on Thursday, July 25th. The bank reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.04. Atlantic Capital Bancshares had a return on equity of 8.56% and a net margin of 42.79%. The firm had revenue of $22.92 million during the quarter, compared to analysts’ expectations of $50.00 million. As a group, sell-side analysts forecast that Atlantic Capital Bancshares will post 1.11 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. grew its holdings in Atlantic Capital Bancshares by 11.2% during the second quarter. Russell Investments Group Ltd. now owns 414,641 shares of the bank’s stock worth $7,096,000 after acquiring an additional 41,676 shares during the period. Teton Advisors Inc. grew its holdings in Atlantic Capital Bancshares by 5.9% during the second quarter. Teton Advisors Inc. now owns 348,158 shares of the bank’s stock worth $5,960,000 after acquiring an additional 19,500 shares during the period. Spark Investment Management LLC grew its holdings in Atlantic Capital Bancshares by 352.0% during the first quarter. Spark Investment Management LLC now owns 56,500 shares of the bank’s stock worth $1,007,000 after acquiring an additional 44,000 shares during the period. BNP Paribas Arbitrage SA grew its holdings in Atlantic Capital Bancshares by 1,750.2% during the first quarter. BNP Paribas Arbitrage SA now owns 5,162 shares of the bank’s stock worth $92,000 after acquiring an additional 4,883 shares during the period. Finally, Context BH Capital Management LP grew its holdings in Atlantic Capital Bancshares by 1,033.7% during the first quarter. Context BH Capital Management LP now owns 198,427 shares of the bank’s stock worth $3,538,000 after acquiring an additional 180,925 shares during the period. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

About Atlantic Capital Bancshares

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.

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Analyst Recommendations for Atlantic Capital Bancshares (NASDAQ:ACBI)

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