Here is the rundown on market activity for Atlantic Capital Bancshares, In (NASDAQ:ACBI). Today Larry D. Mauldin, Director disclosed the purchase of 1,000 shares. The shares were purchased at an average price of $14.30. Mauldin now owns $496,510 of the stock according to the SEC filing. Walter M. Jr Deriso, Director disclosed the sale of 280 shares of ACBI stock. The shares were sold on May 4th for a price of $14.49. The Director now owns $1,760,086 of the stock per the Form 4 SEC filing.
EVP, Chief Credit/Risk Officer Richard A. Jr. Oglesby sold 9,000 shares at an average price of $14.00 on April 18th. That brings the EVP, Chief Credit/Risk Officer’s holdings to $402,892 per an SEC filing yesterday.
Here are some other firms who have updated their holdings. Price T Rowe Associates Inc /md/ added to its holdings by buying 1,286,985 shares an increase of 1,002.6% in the quarter. Price T Rowe Associates Inc /md/ now holds 1,415,350 shares valued at $20,466,000. The total value of its holdings increased 1,044.0%. Manufacturers Life Insurance Company, The trimmed its investment by selling 677 shares a decrease of 0.1% as of 06/30/2016. Manufacturers Life Insurance Company, The now controls 889,878 shares with a value of $12,868,000. The value of the position overall is up by 3.8%.
As of quarter end Forest Hill Capital, LLC had disposed of a total of 76,464 shares trimming its position 9.6%. The value of the investment in ACBI decreased from $11,051,000 to $10,357,000 a change of 6.3% since the last quarter. As of the end of the quarter Prospector Partners LLC had sold 14,800 shares trimming its stake by 18.2%. The value of the company’s investment in Atlantic Capital Bancshares, In went from $1,132,000 to $960,000 a change of $172,000 quarter to quarter.
On July 29 the company was changed to a “Market Perform” by Raymond James which is down from the previous “” rating. Equity analyst FBR Capital began coverage setting a rating of “Market Perform”.
On December 8 analysts at Keefe Bruyette & Woods initiated coverage with a rating of “Outperform” and price target of $16.50.
The company is so far trading up from yesterday’s close of $14.77. The stock last traded at $14.80 which is just under $15.26, the stock’s 50 day moving average and which is marginally higher than the 200 day moving average of $14.51. The 50 day moving average was down by -3.00% and the 200 day average went up $0.29 or +1.98%.
The most current P/E ratio is 154.17 and the market cap of the company is 367.60M. In the last earnings report the EPS was $0.10 and is projected to be $0.64 for the current year with 24,838,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.18 and the next full year EPS is projected to be $0.85.
Short traders are feeling a little more bullish on Atlantic Capital Bancshares, In recently if you take a look at the fall in short interest. The stock realized a fall in short interest of -0.15% between August 31, 2016 and September 15, 2016. Short interest fell from 440,236 to 372,891 over that timeframe. Days to cover decreased from 0.0 to 0.0 and the percentage of shorted shares is 0.02% as of September 15.