Panagora Asset Management Inc. Buys Shares of 1,899 Atlantic Capital Bancshares Inc (NASDAQ:ACBI)

Panagora Asset Management Inc. bought a new stake in shares of Atlantic Capital Bancshares Inc (NASDAQ:ACBI) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,899 shares of the bank’s stock, valued at approximately $33,000.

A number of other institutional investors have also made changes to their positions in the business. Dimensional Fund Advisors LP raised its stake in Atlantic Capital Bancshares by 24.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 763,747 shares of the bank’s stock valued at $12,503,000 after acquiring an additional 149,775 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Atlantic Capital Bancshares by 11.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 414,641 shares of the bank’s stock worth $7,096,000 after buying an additional 41,676 shares in the last quarter. Teton Advisors Inc. raised its stake in shares of Atlantic Capital Bancshares by 5.9% in the 2nd quarter. Teton Advisors Inc. now owns 348,158 shares of the bank’s stock worth $5,960,000 after buying an additional 19,500 shares in the last quarter. Context BH Capital Management LP raised its stake in shares of Atlantic Capital Bancshares by 1,033.7% in the 1st quarter. Context BH Capital Management LP now owns 198,427 shares of the bank’s stock worth $3,538,000 after buying an additional 180,925 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its stake in shares of Atlantic Capital Bancshares by 22.5% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 185,915 shares of the bank’s stock worth $3,315,000 after buying an additional 34,102 shares in the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Atlantic Capital Bancshares stock traded up $0.04 on Monday, reaching $18.12. 2,716 shares of the company were exchanged, compared to its average volume of 97,813. Atlantic Capital Bancshares Inc has a fifty-two week low of $14.44 and a fifty-two week high of $19.79. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $405.19 million, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 1.52 and a beta of 0.98. The stock has a fifty day moving average price of $17.23 and a 200-day moving average price of $17.58.

Atlantic Capital Bancshares (NASDAQ:ACBI) last issued its quarterly earnings results on Thursday, July 25th. The bank reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. Atlantic Capital Bancshares had a return on equity of 8.56% and a net margin of 42.79%. The business had revenue of $22.92 million for the quarter, compared to the consensus estimate of $50.00 million. On average, equities analysts anticipate that Atlantic Capital Bancshares Inc will post 1.11 earnings per share for the current fiscal year.

ACBI has been the topic of a number of research reports. Keefe, Bruyette & Woods raised Atlantic Capital Bancshares from a “market perform” rating to an “outperform” rating in a research note on Friday, September 6th. BidaskClub raised Atlantic Capital Bancshares from a “strong sell” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research lowered Atlantic Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. Gabelli reaffirmed a “buy” rating on shares of Atlantic Capital Bancshares in a research report on Monday, July 29th. Finally, SunTrust Banks cut their target price on Atlantic Capital Bancshares from $20.00 to $19.00 and set a “hold” rating on the stock in a research report on Tuesday, August 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $19.20.

Atlantic Capital Bancshares Company Profile

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

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