Zacks Investment Research lowered shares of Atlantic Capital Bancshares (NASDAQ:ACBI) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning, Zacks.com reports.

According to Zacks, “Atlantic Capital Bancshares, Inc. is a bank holding company. The Company’s corporate and business banking services include lending and financing, treasury services and international banking. Its private banking products and services include deposit products such as checking accounts, money market accounts, savings accounts and certificates of deposit; credit products include home equity lines of credit, secured personal lines of credit, unsecured lines of credit, home improvement loans, car loans and credit cards and services include online banking and bill payment, wire transfers, automated teller machine, eDelivery of statements and documents and person-to-person payments. Atlantic Capital Bancshares, Inc. is based in Atlanta, Georgia. “

A number of other equities research analysts have also recently commented on the stock. BidaskClub upgraded shares of Zumiez from a sell rating to a hold rating in a report on Saturday, June 22nd. Raymond James initiated coverage on shares of PennantPark Investment in a report on Monday, April 29th. They set an outperform rating and a $8.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Atlantic Capital Bancshares has a consensus rating of Hold and a consensus target price of $19.40.

Shares of NASDAQ ACBI opened at $17.47 on Tuesday. Atlantic Capital Bancshares has a fifty-two week low of $14.44 and a fifty-two week high of $20.05. The firm’s 50 day simple moving average is $17.04. The company has a market capitalization of $416.28 million, a P/E ratio of 16.18, a price-to-earnings-growth ratio of 0.60 and a beta of 0.93. The company has a quick ratio of 0.76, a current ratio of 0.92 and a debt-to-equity ratio of 0.16.

Atlantic Capital Bancshares (NASDAQ:ACBI) last announced its earnings results on Thursday, April 25th. The bank reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.04). Atlantic Capital Bancshares had a net margin of 24.14% and a return on equity of 9.05%. The business had revenue of $22.76 million for the quarter, compared to the consensus estimate of $23.20 million. As a group, research analysts forecast that Atlantic Capital Bancshares will post 1.12 earnings per share for the current year.

In other news, Director R Charles Shufeldt purchased 2,000 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were purchased at an average price of $16.88 per share, for a total transaction of $33,760.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.60% of the company’s stock.

Several large investors have recently bought and sold shares of ACBI. Quantamental Technologies LLC purchased a new stake in Atlantic Capital Bancshares in the first quarter worth approximately $25,000. Macquarie Group Ltd. purchased a new stake in Atlantic Capital Bancshares in the fourth quarter worth approximately $28,000. Meeder Asset Management Inc. purchased a new stake in Atlantic Capital Bancshares in the first quarter worth approximately $49,000. Legal & General Group Plc boosted its holdings in Atlantic Capital Bancshares by 22.1% in the fourth quarter. Legal & General Group Plc now owns 4,655 shares of the bank’s stock worth $76,000 after purchasing an additional 842 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in Atlantic Capital Bancshares by 1,750.2% in the first quarter. BNP Paribas Arbitrage SA now owns 5,162 shares of the bank’s stock worth $92,000 after purchasing an additional 4,883 shares during the last quarter. Hedge funds and other institutional investors own 86.08% of the company’s stock.

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 in the Metropolitan Atlanta and rest of the United States. The company offers non-interest and interest bearing demand, savings and money market, time, and brokered deposits; and NOW accounts.

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