Atlantic Capital Bancshares (ACBI) PT Lowered to $17.00 at SunTrust Banks

Atlantic Capital Bancshares (NASDAQ:ACBI) had its price target reduced by SunTrust Banks from $20.00 to $17.00 in a research report sent to investors on Monday. SunTrust Banks currently has a hold rating on the bank’s stock.

A number of other brokerages have also recently commented on ACBI. Zacks Investment Research upgraded shares of Atlantic Capital Bancshares from a hold rating to a buy rating and set a $22.00 target price on the stock in a research report on Wednesday, July 11th. BidaskClub cut shares of Atlantic Capital Bancshares from a buy rating to a hold rating in a research report on Wednesday, July 18th. Keefe, Bruyette & Woods reiterated a neutral rating on shares of Atlantic Capital Bancshares in a research report on Friday, July 27th. ValuEngine upgraded shares of Atlantic Capital Bancshares from a sell rating to a hold rating in a research report on Monday, August 20th. Finally, TheStreet cut shares of Atlantic Capital Bancshares from a b rating to a c+ rating in a research report on Thursday, August 30th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Atlantic Capital Bancshares presently has a consensus rating of Hold and a consensus price target of $18.75.

Shares of NASDAQ:ACBI opened at $15.07 on Monday. The firm has a market capitalization of $394.69 million, a P/E ratio of 28.43 and a beta of 0.59. Atlantic Capital Bancshares has a 52 week low of $14.44 and a 52 week high of $21.60. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.95 and a current ratio of 0.95.

Atlantic Capital Bancshares (NASDAQ:ACBI) last issued its earnings results on Thursday, October 25th. The bank reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The business had revenue of $25.63 million during the quarter, compared to analysts’ expectations of $26.92 million. Atlantic Capital Bancshares had a return on equity of 7.00% and a net margin of 3.55%. As a group, equities analysts forecast that Atlantic Capital Bancshares will post 1.01 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in shares of Atlantic Capital Bancshares in the second quarter valued at about $102,000. Principal Financial Group Inc. purchased a new position in shares of Atlantic Capital Bancshares in the first quarter valued at about $199,000. Voya Investment Management LLC purchased a new position in shares of Atlantic Capital Bancshares in the second quarter valued at about $226,000. Marshall Wace LLP purchased a new position in shares of Atlantic Capital Bancshares in the second quarter valued at about $235,000. Finally, Marco Investment Management LLC purchased a new position in shares of Atlantic Capital Bancshares in the second quarter valued at about $312,000. Hedge funds and other institutional investors own 83.83% of the company’s stock.

Atlantic Capital Bancshares Company Profile

Atlantic Capital Bancshares, Inc operates as the holding company for Atlantic Capital Bank, N.A. that provides commercial banking products and services in the United States. The company offers NOW, money market, savings, checking, time, Internet and brokered, and demand deposits; working capital and equipment loans, loans supported by owner-occupied real estate, revolving lines of credit, term loans, letters of credit, installment and term loans, and home equity lines of credit; residential mortgage loans; and commercial real estate loans, including secured construction loans, secured mini-permanent loans, and secured or unsecured lines of credit.

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