BidaskClub downgraded shares of Atlantic Capital Bancshares (NASDAQ:ACBI) from a sell rating to a strong sell rating in a research report sent to investors on Tuesday.

Other analysts have also issued research reports about the company. Keefe, Bruyette & Woods set a $20.00 target price on Atlantic Capital Bancshares and gave the stock a hold rating in a report on Friday, August 18th. Zacks Investment Research lowered Atlantic Capital Bancshares from a buy rating to a hold rating in a report on Tuesday, August 15th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $21.67.

Atlantic Capital Bancshares (NASDAQ ACBI) traded down $0.40 on Tuesday, reaching $16.45. The company had a trading volume of 109,800 shares, compared to its average volume of 85,408. Atlantic Capital Bancshares has a fifty-two week low of $15.20 and a fifty-two week high of $20.20. The company has a market capitalization of $433.52, a price-to-earnings ratio of 30.64, a PEG ratio of 1.26 and a beta of 0.94. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.54.

Atlantic Capital Bancshares (NASDAQ:ACBI) last released its earnings results on Friday, October 27th. The bank reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.03). Atlantic Capital Bancshares had a return on equity of 4.39% and a net margin of 12.34%. The company had revenue of $23.77 million for the quarter, compared to the consensus estimate of $26.19 million. equities research analysts anticipate that Atlantic Capital Bancshares will post 0.61 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the business. Legal & General Group Plc raised its stake in Atlantic Capital Bancshares by 11.4% in the second quarter. Legal & General Group Plc now owns 5,954 shares of the bank’s stock valued at $114,000 after buying an additional 611 shares during the period. SG Americas Securities LLC bought a new position in shares of Atlantic Capital Bancshares during the third quarter worth approximately $133,000. Principal Financial Group Inc. bought a new position in shares of Atlantic Capital Bancshares during the second quarter worth approximately $201,000. Bank of America Corp DE increased its stake in shares of Atlantic Capital Bancshares by 5.8% during the first quarter. Bank of America Corp DE now owns 10,900 shares of the bank’s stock worth $206,000 after purchasing an additional 598 shares during the period. Finally, Teton Advisors Inc. bought a new position in shares of Atlantic Capital Bancshares during the second quarter worth approximately $217,000. Hedge funds and other institutional investors own 79.24% of the company’s stock.

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About Atlantic Capital Bancshares

Atlantic Capital Bancshares, Inc is the bank holding company for Atlantic Capital Bank (the Bank). The Bank operates as a 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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