Zacks Investment Research downgraded Atlantic Capital Bancshares Inc (NASDAQ:ACBI) to Sell in a statement released today.
- Updated: September 30, 2016
Yesterday Atlantic Capital Bancshares Inc (NASDAQ:ACBI) traded 2.60% higher at $14.98. Atlantic Capital Bancshares Inc’s 50-day average is $15.23 and its 200-day moving average is $14.52. The last stock price is up 3.20% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. 34,935 shares of the stock exchanged hands, down from an average trading volume of 72,066
Zacks Investment Research has downgraded Atlantic Capital Bancshares Inc (NASDAQ:ACBI) to Sell in a statement released on Friday September 30, 2016.
Recent Performance Chart
With a total market value of $0, Atlantic Capital Bancshares Inc has 52 week low of $11.55 and a 52 week high of $17.50 with a P/E ratio of 156.04 .
A total of 6 firms have released a research note on ACBI. One brokerage rating the stock a strong buy, 3 brokers rating the stock a buy, 2 firms rating the stock a hold, zero equity analysts rating the stock a underperform, and finally 0 analysts rating the company a sell with a 12-month stock price target of $15.50.
Brief Synopsis About Atlantic Capital Bancshares Inc (NASDAQ:ACBI)
Atlantic Capital Bancshares, Inc. is the bank holding company for Atlantic Capital Bank (the Bank). The Bank operates as a full service, locally-managed 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 and capital markets services.
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