Atlantic Capital Bancshares Inc. (NASDAQ:ACBI) Director Walter M. Deriso, Jr. sold 10,000 shares of the stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $16.24, for a total transaction of $162,400.00. Following the transaction, the director now directly owns 173,249 shares of the company’s stock, valued at $2,813,563.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Atlantic Capital Bancshares Inc. (NASDAQ:ACBI) opened at 16.00 on Wednesday. Atlantic Capital Bancshares Inc. has a one year low of $11.55 and a one year high of $16.52. The firm has a 50-day moving average of $15.24 and a 200-day moving average of $14.89. The stock has a market capitalization of $400.32 million and a PE ratio of 107.38.

Atlantic Capital Bancshares (NASDAQ:ACBI) last posted its quarterly earnings results on Friday, October 28th. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.02. Atlantic Capital Bancshares had a net margin of 4.07% and a return on equity of 4.18%. On average, equities research analysts forecast that Atlantic Capital Bancshares Inc. will post $0.61 earnings per share for the current year.

Insider Buying and Selling by Quarter for Atlantic Capital Bancshares (NASDAQ:ACBI)

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. RMB Capital Management LLC raised its position in Atlantic Capital Bancshares by 269.8% in the third quarter. RMB Capital Management LLC now owns 2,647,103 shares of the company’s stock valued at $39,653,000 after buying an additional 1,931,254 shares during the period. The Manufacturers Life Insurance Company acquired a new position in Atlantic Capital Bancshares during the third quarter valued at approximately $13,404,000. Price T Rowe Associates Inc. MD raised its position in Atlantic Capital Bancshares by 41.8% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,007,614 shares of the company’s stock valued at $30,074,000 after buying an additional 592,264 shares during the period. BlackRock Fund Advisors raised its position in Atlantic Capital Bancshares by 34,810.6% in the second quarter. BlackRock Fund Advisors now owns 445,459 shares of the company’s stock valued at $6,441,000 after buying an additional 444,183 shares during the period. Finally, BlackRock Group LTD acquired a new position in Atlantic Capital Bancshares during the third quarter valued at approximately $6,061,000. 64.32% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research raised shares of Atlantic Capital Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, August 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $16.00.

About Atlantic Capital Bancshares

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.

5 Day Chart for NASDAQ:ACBI

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