Price Don’t Lie: Does Atlantic Capital Bancshares Inc Have More Gas After Reaching 52-Week High?

Price Don't Lie: Does Atlantic Capital Bancshares Inc Have More Gas After Reaching 52 Week High?

The stock of Atlantic Capital Bancshares Inc (NASDAQ:ACBI) hit a new 52-week high and has $44.50 target or 179.00% above today’s $15.95 share price. The 7 months bullish chart indicates low risk for the $402.87M company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $44.50 price target is reached, the company will be worth $721.14M 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 16,060 shares traded hands. Atlantic Capital Bancshares Inc (NASDAQ:ACBI) has risen 13.65% since April 15, 2016 and is uptrending. It has outperformed by 9.03% 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. $16.50 is the highest target while $16 is the lowest. The $16 average target is 0.31% above today’s ($15.95) stock price. Atlantic Capital has been the topic of 5 analyst reports since December 8, 2015 according to StockzIntelligence Inc. Keefe Bruyette & Woods maintained the stock with “Outperform” rating in Friday, July 29 report. The firm earned “Outperform” rating on Tuesday, December 8 by Keefe Bruyette & Woods. The firm earned “Market Perform” rating on Wednesday, May 18 by FBR Capital. As per Friday, July 29, the company rating was downgraded by Sandler O’Neill. The rating was downgraded by Raymond James to “Market Perform” on Friday, July 29.

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: Marketwatch.com which released: “Atlantic Capital Bancshares downgraded to market perform from outperform at …” on November 02, 2015, also Businesswire.com with their article: “Atlantic Capital Bancshares, Inc. Reports Third Quarter 2016 Results” published on October 28, 2016, Businesswire.com published: “Atlantic Capital Bancshares Completes Acquisition of First Security Group” on November 02, 2015. More interesting news about Atlantic Capital Bancshares Inc (NASDAQ:ACBI) were released by: Businesswire.com and their article: “Atlantic Capital Bancshares, Inc. Announces Third Quarter 2016 Earnings …” published on October 03, 2016 as well as Businesswire.com‘s news article titled: “Atlantic Capital Bancshares Announces Sale of Seven Tennessee Branches” with publication date: December 17, 2015.

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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