Shares of the company are trading at $16.45 a tad below the 50 day moving average which is $17.95 and significantly lower than the 200 day moving average of $18.45. The 50 day moving average went down $-1.50 or -8.37% whereas the 200 day moving average was down $-2.00 or -10.83%. 77K shares changed hands in the last trading session. Trading volume was up 4.09% over the stocks average daily volume.
Investors are more bullish on the company lately looking at the decrease in short interest. The firm had a fall in short interest of -19.75% as of October 13, 2017 from the last reporting period. Short shares decreased 116,074 over that timeframe. The short-interest ratio increased to 6.0 and the short interest percentage is 0.02% as of October 13.
Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Ubs Group Ag had disposed of 244 shares trimming its holdings by 43.8%. The value of the investment in ACBI decreased from $11,000 to $6,000 a change of 45.5% for the reporting period. Meeder Asset Management Inc bolstered its stake by buying 941 shares an increase of 566.9% from 06/30/2017 to 09/30/2017. Meeder Asset Management Inc owns 1,107 shares valued at $20,000. The total value of its holdings increased 566.7%.
First Trust Advisors Lp augmented its holdings by buying 12,894 shares an increase of 32.2%. First Trust Advisors Lp controls 52,978 shares worth $962,000. The value of the position overall is up by 26.2%. As of quarter end Victory Capital Management Inc had bought a total of 7,134 shares growing its stake by 13.6%. The value of the company’s investment in Atlantic Capital Bancshares, In went from $999,000 to $1,084,000 a change of $85,000 since the last quarter.
The P/E ratio is 32.83 and the market cap is 422.12M. In the last earnings report the EPS was $0.50 and is expected to be $0.63 for the current year with 25,661,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.18 and the next full year EPS is anticipated to be $0.83.
Atlantic Capital Bancshares, Inc., launched on October 2, 2006, 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. Its wealth management division offers financial planning, trust administration, investment management, brokerage and estate planning services. It also provides selected capital markets, mortgage banking, and electronic banking services to its corporate, business and individual clients. Its private banking credit products include loans to individuals for personal and investment purposes, such as secured installment and term loans, and home equity lines of credit. Its specialty corporate financial services include payments industry banking, financial institutions banking, capital markets services and specialty commercial lending..