Atlantic Capital Bancshares (NASDAQ:ACBI) had its price target boosted by Raymond James from $20.00 to $27.00 in a report released on Wednesday, Stock Target Advisor reports. The brokerage currently has an outperform rating on the bank’s stock.

Several other analysts also recently weighed in on ACBI. Gabelli reaffirmed a hold rating on shares of Atlantic Capital Bancshares in a research note on Monday, March 15th. G.Research downgraded shares of Atlantic Capital Bancshares from a buy rating to a hold rating in a research note on Tuesday, March 9th. Zacks Investment Research raised shares of Atlantic Capital Bancshares from a hold rating to a buy rating and set a $18.00 price target for the company in a research note on Tuesday, December 29th. Finally, Truist lifted their price target on shares of Atlantic Capital Bancshares from $24.00 to $26.00 in a research note on Monday, March 8th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $21.25.

Atlantic Capital Bancshares stock opened at $24.45 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.92 and a quick ratio of 0.92. Atlantic Capital Bancshares has a 1-year low of $9.18 and a 1-year high of $25.83. The firm has a market capitalization of $498.12 million, a P/E ratio of 26.87, a price-to-earnings-growth ratio of 1.26 and a beta of 0.91. The company’s 50-day moving average is $22.93 and its 200 day moving average is $17.24.

Atlantic Capital Bancshares (NASDAQ:ACBI) last issued its earnings results on Wednesday, January 20th. The bank reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.09. Atlantic Capital Bancshares had a net margin of 17.73% and a return on equity of 5.91%. The business had revenue of $25.66 million for the quarter, compared to analyst estimates of $25.33 million. Research analysts anticipate that Atlantic Capital Bancshares will post 0.96 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of ACBI. California Public Employees Retirement System raised its stake in Atlantic Capital Bancshares by 3.7% in the third quarter. California Public Employees Retirement System now owns 47,902 shares of the bank’s stock worth $544,000 after buying an additional 1,700 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Atlantic Capital Bancshares by 83.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 133,071 shares of the bank’s stock worth $1,510,000 after purchasing an additional 60,512 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in Atlantic Capital Bancshares by 8,258.7% in the third quarter. Great West Life Assurance Co. Can now owns 101,976 shares of the bank’s stock worth $4,674,000 after purchasing an additional 100,756 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in Atlantic Capital Bancshares by 81.3% in the third quarter. UBS Asset Management Americas Inc. now owns 29,138 shares of the bank’s stock worth $331,000 after purchasing an additional 13,070 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in Atlantic Capital Bancshares by 33.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,000 shares of the bank’s stock worth $64,000 after purchasing an additional 1,000 shares during the last quarter. 84.54% of the stock is owned by institutional investors.

About Atlantic Capital Bancshares

Atlantic Capital Bancshares, Inc operates as the bank holding company for Atlantic Capital Bank, N.A. that provides banking products and services. The company offers non-interest and interest bearing demand, savings and money market, time, and brokered deposits. It also provides working capital and equipment loans, loans supported by owner-occupied real estate, revolving lines of credit, term loans, and letters of credit; secured installment and term loans, and home equity lines of credit; and commercial real estate loans, including secured construction loans, secured mini-permanent loans, and secured or unsecured lines of credit, as well as small business administration and franchise finance loans.

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Analyst Recommendations for Atlantic Capital Bancshares (NASDAQ:ACBI)

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