Latest Stocks: Atlantic Capital Bancshares Inc (ACBI) Rating Reiterated by Keefe, Bruyette & Woods

Latest Stocks: Atlantic Capital Bancshares Inc (ACBI) Rating Reiterated by Keefe, Bruyette & Woods

Atlantic Capital Bancshares Inc (NASDAQ:ACBI)‘s stock had its “hold” rating reissued by analysts at Keefe, Bruyette & Woods in a research note issued to investors on Friday. They presently have a $20.00 price target on the bank’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 7.82% from the stock’s current price.

Separately, Zacks Investment Research cut shares of Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $21.00.

Shares of Atlantic Capital Bancshares (NASDAQ ACBI) opened at 18.55 on Friday. The company’s 50 day moving average is $18.87 and its 200 day moving average is $18.54. The company has a market cap of $474.47 million, a P/E ratio of 34.35 and a beta of 1.37. Atlantic Capital Bancshares has a 12 month low of $13.26 and a 12 month high of $20.20.

Atlantic Capital Bancshares (NASDAQ:ACBI) last announced its quarterly earnings results on Friday, April 28th. The bank reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by $0.01. Atlantic Capital Bancshares had a return on equity of 4.32% and a net margin of 13.02%. The business had revenue of $23.11 million during the quarter, compared to analysts’ expectations of $24.21 million. On average, equities research analysts predict that Atlantic Capital Bancshares will post $0.66 EPS for the current fiscal year. Large investors have recently bought and sold shares of the stock. Nationwide Fund Advisors boosted its stake in Atlantic Capital Bancshares by 1.8% in the first quarter. Nationwide Fund Advisors now owns 11,091 shares of the bank’s stock worth $210,000 after buying an additional 193 shares during the last quarter. Patten Group Inc. boosted its stake in Atlantic Capital Bancshares by 3.5% in the first quarter. Patten Group Inc. now owns 12,112 shares of the bank’s stock worth $229,000 after buying an additional 405 shares during the last quarter. Bank of America Corp DE boosted its stake in Atlantic Capital Bancshares by 5.8% in the first quarter. Bank of America Corp DE now owns 10,900 shares of the bank’s stock worth $206,000 after buying an additional 598 shares during the last quarter. American International Group Inc. boosted its stake in Atlantic Capital Bancshares by 7.0% in the first quarter. American International Group Inc. now owns 10,661 shares of the bank’s stock worth $202,000 after buying an additional 702 shares during the last quarter. Finally, Teachers Advisors LLC boosted its stake in Atlantic Capital Bancshares by 4.7% in the first quarter. Teachers Advisors LLC now owns 28,834 shares of the bank’s stock worth $546,000 after buying an additional 1,306 shares during the last quarter. 64.01% of the stock is owned by institutional investors.

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