Vanguard Group Inc. Sells 71,738 Shares of Atlantic Capital Bancshares Inc (NASDAQ:ACBI)

Vanguard Group Inc. cut its position in shares of Atlantic Capital Bancshares Inc (NASDAQ:ACBI) by 5.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,155,235 shares of the bank’s stock after selling 71,738 shares during the period. Vanguard Group Inc. owned about 5.05% of Atlantic Capital Bancshares worth $19,778,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its position in Atlantic Capital Bancshares by 11.2% in the second quarter. Russell Investments Group Ltd. now owns 414,641 shares of the bank’s stock valued at $7,096,000 after acquiring an additional 41,676 shares during the period. Context BH Capital Management LP lifted its stake in shares of Atlantic Capital Bancshares by 2.1% during the second quarter. Context BH Capital Management LP now owns 202,627 shares of the bank’s stock valued at $3,469,000 after acquiring an additional 4,200 shares during the period. Teton Advisors Inc. lifted its stake in shares of Atlantic Capital Bancshares by 5.9% during the second quarter. Teton Advisors Inc. now owns 348,158 shares of the bank’s stock valued at $5,960,000 after acquiring an additional 19,500 shares during the period. BlackRock Inc. lifted its stake in shares of Atlantic Capital Bancshares by 9.3% during the second quarter. BlackRock Inc. now owns 1,564,748 shares of the bank’s stock valued at $26,789,000 after acquiring an additional 132,764 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Atlantic Capital Bancshares by 6.1% during the second quarter. Jacobs Levy Equity Management Inc. now owns 195,013 shares of the bank’s stock valued at $3,339,000 after acquiring an additional 11,250 shares during the period. Institutional investors and hedge funds own 86.56% of the company’s stock.

Several equities analysts have recently issued reports on ACBI shares. Zacks Investment Research raised Atlantic Capital Bancshares from a “sell” rating to a “hold” rating and set a $21.00 price target on the stock in a research note on Monday, October 28th. Keefe, Bruyette & Woods upgraded Atlantic Capital Bancshares from a “market perform” rating to an “outperform” rating in a report on Friday, September 6th. ValuEngine downgraded Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Gabelli restated a “buy” rating on shares of Atlantic Capital Bancshares in a report on Monday, July 29th. Finally, SunTrust Banks lowered their price target on Atlantic Capital Bancshares from $20.00 to $19.00 and set a “hold” rating for the company in a report on Tuesday, August 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Atlantic Capital Bancshares currently has a consensus rating of “Hold” and a consensus target price of $19.60.

Shares of NASDAQ:ACBI traded down $0.13 during mid-day trading on Friday, reaching $18.85. 35,700 shares of the stock were exchanged, compared to its average volume of 113,554. 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’s 50 day simple moving average is $17.81 and its 200-day simple moving average is $17.41. The company has a market cap of $435.16 million, a P/E ratio of 17.45, a P/E/G ratio of 2.15 and a beta of 1.01. Atlantic Capital Bancshares Inc has a one year low of $15.11 and a one year high of $19.79.

Atlantic Capital Bancshares (NASDAQ:ACBI) last released its earnings results on Thursday, October 24th. The bank reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.06. The company had revenue of $22.86 million during the quarter, compared to analyst estimates of $22.34 million. Atlantic Capital Bancshares had a return on equity of 8.84% and a net margin of 45.08%. Analysts anticipate that Atlantic Capital Bancshares Inc will post 1.15 EPS for the current fiscal year.

Atlantic Capital Bancshares 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.

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Institutional Ownership by Quarter for Atlantic Capital Bancshares (NASDAQ:ACBI)

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