Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) Stake Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its stake in Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) by 65.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,420 shares of the bank’s stock after selling 21,834 shares during the period. JPMorgan Chase & Co.’s holdings in Atlantic Capital Bancshares were worth $216,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ACBI. Bank of New York Mellon Corp increased its stake in Atlantic Capital Bancshares by 155.0% in the first quarter. Bank of New York Mellon Corp now owns 548,763 shares of the bank’s stock valued at $10,400,000 after buying an additional 333,588 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its stake in Atlantic Capital Bancshares by 20.2% in the first quarter. Pacific Ridge Capital Partners LLC now owns 165,337 shares of the bank’s stock valued at $3,133,000 after buying an additional 27,730 shares during the last quarter. Renaissance Technologies LLC increased its stake in Atlantic Capital Bancshares by 128.6% in the fourth quarter. Renaissance Technologies LLC now owns 191,816 shares of the bank’s stock valued at $3,645,000 after buying an additional 107,916 shares during the last quarter. TD Asset Management Inc. increased its stake in Atlantic Capital Bancshares by 10.2% in the first quarter. TD Asset Management Inc. now owns 22,075 shares of the bank’s stock valued at $418,000 after buying an additional 2,050 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in Atlantic Capital Bancshares by 9.7% in the first quarter. First Trust Advisors LP now owns 46,327 shares of the bank’s stock valued at $878,000 after buying an additional 4,114 shares during the last quarter. 75.36% of the stock is owned by institutional investors and hedge funds.

Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) traded down 7.28% during trading on Friday, reaching $17.20. The company had a trading volume of 751,087 shares. Atlantic Capital Bancshares, Inc. has a 52-week low of $13.80 and a 52-week high of $20.20. The company has a market capitalization of $441.37 million, a PE ratio of 34.33 and a beta of 0.99. The company has a 50 day moving average price of $18.82 and a 200 day moving average price of $18.80.

Atlantic Capital Bancshares (NASDAQ:ACBI) last announced its earnings results on Friday, July 28th. The bank reported $0.17 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.17. Atlantic Capital Bancshares had a return on equity of 4.45% and a net margin of 12.18%. The business had revenue of $26 million for the quarter, compared to analyst estimates of $25.10 million. On average, equities analysts forecast that Atlantic Capital Bancshares, Inc. will post $0.68 EPS for the current fiscal year.

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Several equities research analysts recently weighed in on ACBI shares. BidaskClub downgraded shares of Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Zacks Investment Research raised shares of Atlantic Capital Bancshares from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Wednesday, August 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $20.00 price target on shares of Atlantic Capital Bancshares in a report on Friday, June 2nd. Finally, Gabelli began coverage on shares of Atlantic Capital Bancshares in a research note on Wednesday, June 14th. They set a “buy” rating and a $23.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $21.67.

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.

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

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