Macquarie Group Ltd. Purchases New Position in Atlantic Capital Bancshares Inc (ACBI)

Macquarie Group Ltd. purchased a new stake in Atlantic Capital Bancshares Inc (NASDAQ:ACBI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,700 shares of the bank’s stock, valued at approximately $28,000.

Several other large investors have also recently made changes to their positions in ACBI. Legal & General Group Plc increased its stake in shares of Atlantic Capital Bancshares by 22.1% in the fourth quarter. Legal & General Group Plc now owns 4,655 shares of the bank’s stock valued at $76,000 after purchasing an additional 842 shares during the period. Brandywine Global Investment Management LLC acquired a new stake in shares of Atlantic Capital Bancshares in the fourth quarter valued at approximately $113,000. Citigroup Inc. increased its stake in shares of Atlantic Capital Bancshares by 15.7% in the fourth quarter. Citigroup Inc. now owns 7,927 shares of the bank’s stock valued at $130,000 after purchasing an additional 1,076 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in shares of Atlantic Capital Bancshares by 356.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,749 shares of the bank’s stock valued at $143,000 after purchasing an additional 6,833 shares during the period. Finally, Mackay Shields LLC acquired a new stake in shares of Atlantic Capital Bancshares in the fourth quarter valued at approximately $185,000. Institutional investors own 85.08% of the company’s stock.

Atlantic Capital Bancshares stock opened at $18.12 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $448.29 million, a PE ratio of 16.78, a P/E/G ratio of 0.52 and a beta of 1.00. Atlantic Capital Bancshares Inc has a 12-month low of $14.44 and a 12-month high of $21.60.

Atlantic Capital Bancshares (NASDAQ:ACBI) last posted its quarterly earnings data on Thursday, January 31st. The bank reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.03. The business had revenue of $21.23 million during the quarter, compared to analysts’ expectations of $26.57 million. Atlantic Capital Bancshares had a net margin of 23.56% and a return on equity of 8.70%. As a group, sell-side analysts anticipate that Atlantic Capital Bancshares Inc will post 1.37 EPS for the current fiscal year.

Several equities research analysts have commented on the stock. TheStreet upgraded shares of Atlantic Capital Bancshares from a “c+” rating to a “b-” rating in a research note on Wednesday, January 16th. BidaskClub upgraded shares of Atlantic Capital Bancshares from a “hold” rating to a “buy” rating in a report on Saturday, March 30th. Finally, Zacks Investment Research cut shares of Atlantic Capital Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, April 8th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $19.80.

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Atlantic Capital Bancshares 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.

Further Reading: Momentum Investing

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

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