Brokerage firm SunTrust Robinson Humphrey Maintains its rating on Atlantic Capital Bancshares Inc(NASDAQ:ACBI). In a research note issued to the investors, the brokerage major Raises the price-target to $16.00 per share. The shares have been rated Neutral. The rating by SunTrust Robinson Humphrey was issued on Aug 1, 2016.
In a different note, On Jul 29, 2016, Raymond James said it Downgrades its rating on Atlantic Capital Bancshares Inc. The shares have been rated ‘Market Perform’ by the firm. On Jul 29, 2016, Keefe Bruyette & Woods said it Maintains its rating on Atlantic Capital Bancshares Inc. In the research note, the firm Raises the price-target to $15.00 per share. The shares have been rated ‘Outperform’ by the firm. FBR Capital said it Initiates Coverage on Atlantic Capital Bancshares Inc, according to a research note issued on May 18, 2016. The shares have been rated ‘Market Perform’ by the firm.
Several Insider Transactions has been reported to the SEC. On Jul 27, 2016, Walter M Jr Deriso (director) sold 10,000 shares at $14.55 per share price.Also, On Jun 22, 2016, Douglas Lloyd Williams (Chief Executive Officer) sold 4,500 shares at $14.33 per share price.On May 19, 2016, Anita M. Hill (EVP HR & Communications) sold 1,000 shares at $14.04 per share price, according to the Form-4 filing with the securities and exchange commission.
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 and is focused on the primary markets of Metropolitan Atlanta the State of Georgia and the southeastern United States. The Bank provides an array of credit treasury management and deposit products and services to emerging growth businesses middle market corporations commercial real estate developers and investors and private clients. The Company offers a range of loans which include commercial loans residential and consumer loans. The Company’s available-for-sale securities consists of the United States government agencies the United States’ states and political divisions trust preferred securities corporate debt securities and residential mortgage-backed securities-agency. Its deposits consist of non-interest-bearing demand interest bearing checking savings money market and time deposits.