Atlantic Capital Bancshares Inc. (NASDAQ:ACBI) shares saw strong trading volume on Thursday . 64,937 shares were traded during mid-day trading, an increase of 14% from the previous session’s volume of 57,072 shares.The stock last traded at $15.40 and had previously closed at $15.43.

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised their price target on shares of Atlantic Capital Bancshares from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Friday, July 29th. FBR & Co assumed coverage on shares of Atlantic Capital Bancshares in a report on Wednesday, May 18th. They issued a “market perform” rating and a $16.00 price target for the company. Sandler O’Neill lowered shares of Atlantic Capital Bancshares from a “buy” rating to a “hold” rating in a report on Friday, July 29th. Raymond James Financial Inc. lowered shares of Atlantic Capital Bancshares from an “outperform” rating to a “market perform” rating in a report on Friday, July 29th. Finally, Zacks Investment Research lowered shares of Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a report on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $16.00.

The company has a 50 day moving average price of $14.92 and a 200-day moving average price of $14.00. The firm has a market capitalization of $384.24 million and a PE ratio of 161.15.

Atlantic Capital Bancshares (NASDAQ:ACBI) last announced its earnings results on Thursday, July 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. On average, equities research analysts forecast that Atlantic Capital Bancshares Inc. will post $0.64 earnings per share for the current fiscal year.

In other news, CEO Douglas Lloyd Williams sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, June 20th. The shares were sold at an average price of $14.33, for a total transaction of $64,485.00. Following the completion of the sale, the chief executive officer now owns 156,366 shares of the company’s stock, valued at approximately $2,240,724.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Walter M. Deriso, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $14.55, for a total transaction of $145,500.00. Following the sale, the director now directly owns 175,719 shares of the company’s stock, valued at approximately $2,556,711.45. The disclosure for this sale can be found here.

A hedge fund recently bought a new stake in Atlantic Capital Bancshares stock. Suntrust Banks Inc. purchased a new position in Atlantic Capital Bancshares Inc. (NASDAQ:ACBI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 105,000 shares of the company’s stock, valued at approximately $1,572,000. Suntrust Banks Inc. owned about 0.43% of Atlantic Capital Bancshares as of its most recent SEC filing.

Atlantic Capital Bancshares, Inc is the bank holding company for Atlantic Capital Bank (the Bank). The Bank operates as a full service, locally-managed commercial bank. The Bank provides an array of credit, treasury management and deposit products and services to growth businesses, middle market corporations, commercial real estate developers and investors, and private clients.

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