Today, Atlantic Capital Bancshares Inc. (ACBI) CEO Sold $71,505.00 in Stock

Today, Atlantic Capital Bancshares Inc. (ACBI) CEO Sold $71,505.00 in Stock
Atlantic Capital Bancshares Inc. (NASDAQ:ACBI) CEO Douglas Lloyd Williams sold 4,500 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $15.89, for a total transaction of $71,505.00. Following the completion of the sale, the chief executive officer now directly owns 195,228 shares in the company, valued at $3,102,172.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Douglas Lloyd Williams also recently made the following trade(s): On Friday, October 21st, Douglas Lloyd Williams sold 4,500 shares of Atlantic Capital Bancshares stock. The stock was sold at an average price of $14.95, for a total transaction of $67,275.00. On Wednesday, September 21st, Douglas Lloyd Williams sold 4,500 shares of Atlantic Capital Bancshares stock. The stock was sold at an average price of $14.89, for a total transaction of $67,005.00.

Shares of Atlantic Capital Bancshares Inc. (NASDAQ:ACBI) opened at 16.15 on Friday. The stock has a 50 day moving average of $15.16 and a 200-day moving average of $14.85. The company has a market capitalization of $404.07 million and a PE ratio of 108.39. Atlantic Capital Bancshares Inc. has a one year low of $11.55 and a one year high of $16.30.

Atlantic Capital Bancshares (NASDAQ:ACBI) last issued its quarterly earnings data on Friday, October 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by $0.02. Atlantic Capital Bancshares had a net margin of 4.07% and a return on equity of 4.18%. On average, equities analysts forecast that Atlantic Capital Bancshares Inc. will post $0.61 earnings per share for the current fiscal year.

Several brokerages have commented on ACBI. Zacks Investment Research cut shares of Atlantic Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Monday, September 12th. Keefe, Bruyette & Woods boosted their price target on shares of Atlantic Capital Bancshares from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Friday, July 29th. Sandler O’Neill cut shares of Atlantic Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Finally, Raymond James Financial Inc. cut shares of Atlantic Capital Bancshares from an “outperform” rating to a “market perform” rating in a research report on Friday, July 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $16.00.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its position in shares of Atlantic Capital Bancshares by 41.8% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,007,614 shares of the company’s stock worth $30,074,000 after buying an additional 592,264 shares in the last quarter. Penn Capital Management Co. Inc. acquired a new position in shares of Atlantic Capital Bancshares during the third quarter worth about $927,000. The Manufacturers Life Insurance Company acquired a new position in shares of Atlantic Capital Bancshares during the third quarter worth about $13,404,000. Northern Trust Corp boosted its position in shares of Atlantic Capital Bancshares by 3.5% in the third quarter. Northern Trust Corp now owns 165,867 shares of the company’s stock worth $2,484,000 after buying an additional 5,649 shares in the last quarter. Finally, Emerald Acquisition Ltd. boosted its position in shares of Atlantic Capital Bancshares by 29.6% in the third quarter. Emerald Acquisition Ltd. now owns 89,238 shares of the company’s stock worth $1,337,000 after buying an additional 20,400 shares in the last quarter. Hedge funds and other institutional investors own 66.92% of the company’s stock.

Atlantic Capital Bancshares Company Profile

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