Assenagon Asset Management S.A. acquired a new position in shares of Atlantic Capital Bancshares Inc (NASDAQ:ACBI) during the 4th quarter, HoldingsChannel reports. The fund acquired 29,067 shares of the bank’s stock, valued at approximately $476,000.

Several other hedge funds also recently made changes to their positions in ACBI. BlackRock Inc. raised its holdings in Atlantic Capital Bancshares by 26.1% in the second quarter. BlackRock Inc. now owns 1,350,628 shares of the bank’s stock valued at $26,540,000 after buying an additional 279,444 shares during the period. Advisory Research Inc. raised its holdings in Atlantic Capital Bancshares by 45.9% in the third quarter. Advisory Research Inc. now owns 731,885 shares of the bank’s stock valued at $12,259,000 after buying an additional 230,300 shares during the period. Synovus Financial Corp raised its holdings in Atlantic Capital Bancshares by 138.5% in the third quarter. Synovus Financial Corp now owns 220,307 shares of the bank’s stock valued at $3,691,000 after buying an additional 127,949 shares during the period. Dimensional Fund Advisors LP raised its holdings in Atlantic Capital Bancshares by 26.0% in the second quarter. Dimensional Fund Advisors LP now owns 527,670 shares of the bank’s stock valued at $10,369,000 after buying an additional 108,720 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Atlantic Capital Bancshares by 48.4% in the second quarter. Renaissance Technologies LLC now owns 315,400 shares of the bank’s stock valued at $6,198,000 after buying an additional 102,800 shares during the period. Institutional investors and hedge funds own 84.42% of the company’s stock.

Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Atlantic Capital Bancshares from a “sell” rating to a “hold” rating in a report on Friday, February 1st. BidaskClub upgraded shares of Atlantic Capital Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday, November 13th. TheStreet upgraded shares of Atlantic Capital Bancshares from a “c+” rating to a “b-” rating in a report on Wednesday, January 16th. ValuEngine upgraded shares of Atlantic Capital Bancshares from a “sell” rating to a “hold” rating in a report on Friday, November 16th. Finally, Sandler O’Neill upgraded shares of Atlantic Capital Bancshares from a “hold” rating to a “buy” rating and raised their price target for the company from $16.50 to $20.00 in a report on Monday, November 19th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $19.20.

NASDAQ ACBI opened at $18.64 on Wednesday. Atlantic Capital Bancshares Inc has a one year low of $14.44 and a one year high of $21.60. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $473.60 million, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 0.54 and a beta of 1.00.

Atlantic Capital Bancshares (NASDAQ:ACBI) last posted its quarterly earnings results on Thursday, January 31st. The bank reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.03. The firm had revenue of $21.23 million for the quarter, compared to analyst estimates of $26.57 million. Atlantic Capital Bancshares had a net margin of 23.56% and a return on equity of 8.76%. Equities research analysts predict that Atlantic Capital Bancshares Inc will post 1.3 EPS for the current year.

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Atlantic Capital Bancshares 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.

Further Reading: Convertible Shares

Want to see what other hedge funds are holding ACBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atlantic Capital Bancshares Inc (NASDAQ:ACBI).

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

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