Atlantic Capital Bancshares Inc (NASDAQ:ACBI) had its price objective cut by equities research analysts at Keefe, Bruyette & Woods from $16.50 to $16.00 in a research note issued on Monday, StockTargetPrices.com reports. Keefe, Bruyette & Woods’ price target indicates a potential upside of 19.85% from the company’s previous close.

In related news, Director Walter M. Deriso, Jr. sold 6,730 shares of the stock in a transaction that occurred on Wednesday, January 6th. The stock was sold at an average price of $14.60, for a total transaction of $98,258.00. Following the completion of the sale, the director now directly owns 121,469 shares of the company’s stock, valued at $1,773,447.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Richard A. Jr. Oglesby sold 4,000 shares of the stock in a transaction that occurred on Thursday, January 7th. The shares were sold at an average price of $14.34, for a total value of $57,360.00. Following the sale, the executive vice president now directly owns 61,070 shares of the company’s stock, valued at $875,743.80. The disclosure for this sale can be found here.

Shares of Atlantic Capital Bancshares (NASDAQ:ACBI) traded down 0.67% on Monday, hitting $13.26. The company had a trading volume of 2,017 shares. The firm has a 50-day moving average price of $0.00 and a 200 day moving average price of $0.00. The company has a market capitalization of $322.72 million and a P/E ratio of 20.40. Atlantic Capital Bancshares has a 12-month low of $13.05 and a 12-month high of $13.34.

Atlantic Capital Bancshares (NASDAQ:ACBI) last announced its quarterly earnings results on Friday, January 29th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.11. Equities analysts expect that Atlantic Capital Bancshares will post $0.80 EPS for the current year.

Several hedge funds have modified their holdings of ACBI. Oakworth Capital Inc. acquired a new stake in shares of Atlantic Capital Bancshares during the fourth quarter worth approximately $869,000. Signaturefd LLC acquired a new stake in shares of Atlantic Capital Bancshares during the fourth quarter worth approximately $899,000. Russell Frank Co acquired a new stake in shares of Atlantic Capital Bancshares during the fourth quarter worth approximately $1,022,000. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Atlantic Capital Bancshares during the fourth quarter worth approximately $1,316,000. Finally, Punch & Associates Investment Management Inc. acquired a new stake in shares of Atlantic Capital Bancshares during the fourth quarter worth approximately $1,422,000.

Several other brokerages also recently commented on ACBI. Zacks Investment Research downgraded Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, January 5th. SunTrust initiated coverage on Atlantic Capital Bancshares in a research note on Tuesday, January 5th. They issued a “neutral” rating for the company. Finally, FIG Partners reissued an “outperform” rating on shares of Atlantic Capital Bancshares in a research note on Tuesday, December 15th.

Atlantic Capital Bancshares, Inc. is a United States-based company, which provides lending, treasury management and capital markets services to small and mid-sized businesses. The Company operates under the Atlantic Capital brand in Atlanta and FSGBank brand in east Tennessee and northwest Georgia. The Company’s services include corporate and business banking, such as lending and financing, treasury services and international banking; private banking; commercial real estate finance; financial institution banking, such as financial institution money market account and Fed Funds Program; franchise lending; medical and legal banking; non-profit banking; payments industry banking; small business administration (NASDAQ:ACBI) lending, such as Allstate agency financing, and specialized deposit banking. The Company’s private banking services include deposit products, credit products and other services, such as online banking and bill payment, wire transfers and person-to-person payments (Popmoney).

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