Atlantic Capital Bancshares Inc (ACBI) was Initiated by FBR Capital to “Mkt Perform” and the brokerage firm has set the Price Target at $16. FBR Capital advised their investors in a research report released on May 18, 2016.
In a different news, on May 17, 2016, Douglas Lloyd Williams (Chief Executive Officer) sold 2,131 shares at $14.03 per share price. According to the SEC, on May 10, 2016, Larry D. Mauldin (director) purchased 1,000 shares at $14.30 per share price. On May 10, 2016, Richard A. Jr. Oglesby (EVP, Chief Credit/Risk Officer) sold 4,000 shares at $14.07 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.