Atlantic Capital Bancshares Inc (ACBI) was Downgraded by Raymond James to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Raymond James advised their investors in a research report released on Jul 29, 2016.
Many Wall Street Analysts have commented on Atlantic Capital Bancshares Inc. FBR Capital Initiated Atlantic Capital Bancshares Inc on May 18, 2016 to “Mkt Perform”, Price Target of the shares are set at $16.
In a different news, on Jul 27, 2016, Walter M Jr Deriso (director) sold 10,000 shares at $14.55 per share price. According to the SEC, 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.