The stock of Atlantic Capital Bancshares Inc (NASDAQ:ACBI) hit a new 52-week high and has $29.30 target or 86.00% above today’s $15.75 share price. The 7 months bullish chart indicates low risk for the $400.16 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $29.30 price target is reached, the company will be worth $344.14M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 70,226 shares traded hands or 25.65% up from the average. Atlantic Capital Bancshares Inc (NASDAQ:ACBI) has risen 12.51% since April 11, 2016 and is uptrending. It has outperformed by 6.36% the S&P500.
Atlantic Capital Bancshares Inc (NASDAQ:ACBI) Ratings Coverage
Out of 4 analysts covering Atlantic Capital (NASDAQ:ACBI), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Atlantic Capital has been the topic of 5 analyst reports since December 8, 2015 according to StockzIntelligence Inc. Keefe Bruyette & Woods maintained Atlantic Capital Bancshares Inc (NASDAQ:ACBI) rating on Friday, July 29. Keefe Bruyette & Woods has “Outperform” rating and $16 price target. The stock of Atlantic Capital Bancshares Inc (NASDAQ:ACBI) earned “Market Perform” rating by Raymond James on Friday, July 29. The firm has “Outperform” rating by Keefe Bruyette & Woods given on Tuesday, December 8. The firm has “Hold” rating by Sandler O’Neill given on Friday, July 29. The firm has “Market Perform” rating given on Wednesday, May 18 by FBR Capital.
According to Zacks Investment Research, “Atlantic Capital Bancshares, Inc. is a bank holding company. The Company’s corporate and business banking services include lending and financing, treasury services and international banking. Its private banking products and services include deposit products such as checking accounts, money market accounts, savings accounts and certificates of deposit; credit products include home equity lines of credit, secured personal lines of credit, unsecured lines of credit, home improvement loans, car loans and credit cards and services include online banking and bill payment, wire transfers, automated teller machine, eDelivery of statements and documents and person-to-person payments. Atlantic Capital Bancshares, Inc. is based in Atlanta, Georgia.”
More notable recent Atlantic Capital Bancshares Inc (NASDAQ:ACBI) news were published by: Nasdaq.com which released: “Michael Price Buys More Than 3.5 Million Shares of Building Materials Company” on March 04, 2016, also Marketwatch.com with their article: “Atlantic Capital Bancshares downgraded to market perform from outperform at …” published on November 02, 2015, Businesswire.com published: “Atlantic Capital Bancshares, Inc. Reports Third Quarter 2016 Results” on October 28, 2016. More interesting news about Atlantic Capital Bancshares Inc (NASDAQ:ACBI) were released by: Businesswire.com and their article: “Atlantic Capital Bancshares Completes Acquisition of First Security Group” published on November 02, 2015 as well as Businesswire.com‘s news article titled: “Atlantic Capital Bancshares, Inc. Announces Third Quarter 2016 Earnings …” with publication date: October 03, 2016.
ACBI Company Profile
Atlantic Capital Bancshares, Inc., incorporated on October 2, 2006, is the bank holding firm 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 services and products to growth businesses, middle market firms, commercial real estate developers and investors, and private clients. The Company’s 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. The Company’s 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. The Company’s specialty corporate financial services include payments industry banking, financial institutions banking, capital markets services and specialty commercial lending.
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