Atlantic Capital Bancshares, Inc. (ACBI) Files Form 4 Insider Selling : Walter M Jr Deriso Sells 9,368 Shares

Atlantic Capital Bancshares, Inc. (ACBI): Walter M Jr Deriso , director of Atlantic Capital Bancshares, Inc. sold 9,368 shares on Sep 26, 2016. The Insider selling transaction was reported by the company on Sep 28, 2016 to the Securities and Exchange Commission. The shares were sold at $14.68 per share for a total value of $137,517.94 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 22, 2016, Larry D. Mauldin (director) purchased 1,289 shares at $14.78 per share price.On Sep 22, 2016, Douglas Lloyd Williams (Chief Executive Officer) sold 4,500 shares at $14.93 per share price.Also, On Aug 30, 2016, Walter M Jr Deriso (director) sold 5,820 shares at $15.40 per share price.On May 19, 2016, Anita M. Hill (EVP HR & Communications) sold 1,000 shares at $14.04 per share price.

Company has been under the radar of several Street Analysts.Atlantic Capital Bancshares Inc is Downgraded by Raymond James to Mkt Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Jul 29, 2016.Atlantic Capital Bancshares Inc is Downgraded by Sandler O’Neill to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jul 29, 2016.

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.

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