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Atlantic Capital Bancshares, Inc. (ACBI) Reaches $20.55 52-Week High; Prudential Plc Lowered Its Wal (WMT) Position

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The stock of Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) hit a new 52-week high and has $22.19 target or 8.00% above today’s $20.55 share price. The 5 months bullish chart indicates low risk for the $535.09M company. The 1-year high was reported on May, 17 by Barchart.com. If the $22.19 price target is reached, the company will be worth $42.81M more. The stock decreased 0.24% or $0.05 during the last trading session, reaching $20.55. About 5,214 shares traded. Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) has declined 1.36% since May 17, 2017 and is downtrending. It has underperformed by 12.91% the S&P500.

Prudential Plc decreased Wal (WMT) stake by 2.3% reported in 2017Q4 SEC filing. Prudential Plc sold 32,989 shares as Wal (WMT)’s stock declined 12.38%. The Prudential Plc holds 1.40 million shares with $138.59M value, down from 1.44 million last quarter. Wal now has $249.29 billion valuation. The stock decreased 1.97% or $1.69 during the last trading session, reaching $84.44. About 8.83M shares traded. Walmart Inc. (NYSE:WMT) has risen 23.53% since May 17, 2017 and is uptrending. It has outperformed by 11.98% the S&P500.

Analysts await Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) to report earnings on July, 27. They expect $0.28 EPS, up 64.71% or $0.11 from last year’s $0.17 per share. ACBI’s profit will be $7.29M for 18.35 P/E if the $0.28 EPS becomes a reality. After $0.19 actual EPS reported by Atlantic Capital Bancshares, Inc. for the previous quarter, Wall Street now forecasts 47.37% EPS growth.

Another recent and important Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) news was published by Globenewswire.com which published an article titled: “Atlantic Capital Bancshares, Inc. Reports First Quarter 2018 Results” on April 26, 2018.

Among 5 analysts covering Atlantic Capital (NASDAQ:ACBI), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Atlantic Capital has $16.50 highest and $16 lowest target. $16’s average target is -22.14% below currents $20.55 stock price. Atlantic Capital had 8 analyst reports since December 8, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) on Friday, July 29 with “Outperform” rating. The stock has “Market Perform” rating by FBR Capital on Wednesday, May 18. The rating was downgraded by Raymond James to “Market Perform” on Friday, July 29. Sandler O’Neill upgraded Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) on Wednesday, December 21 to “Buy” rating. The company was downgraded on Friday, January 27 by FIG Partners. The stock has “Hold” rating by Sandler O’Neill on Friday, July 29. As per Tuesday, December 8, the company rating was initiated by Keefe Bruyette & Woods. The stock of Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) earned “Hold” rating by Sandler O’Neill on Monday, January 30.

Atlantic Capital Bancshares, Inc. operates as the holding firm for Atlantic Capital Bank, N.A. that provides commercial banking services and products in the United States. The company has market cap of $535.09 million. The firm offers money market, time, brokered, and demand deposits; savings and NOW accounts; working capital and equipment loans, loans supported by owner-occupied real estate, lines of credit, term loans, letters of credit, installment and term loans, and home equity lines of credit; residential mortgage loans; and commercial real estate loans, including secured construction loans, secured mini-permanent loans, and secured or unsecured lines of credit. It currently has negative earnings. It also provides trust and wealth management, treasury management, and depository services; electronic payments services to payroll companies and other high transaction volume clients; capital markets services; small business administration and franchise program loans; and online and mobile banking services.

Investors sentiment decreased to 0.99 in 2017 Q4. Its down 0.03, from 1.02 in 2017Q3. It is negative, as 68 investors sold WMT shares while 541 reduced holdings. 165 funds opened positions while 435 raised stakes. 865.70 million shares or 1.77% less from 881.34 million shares in 2017Q3 were reported. Columbia Asset Mngmt holds 0.17% of its portfolio in Walmart Inc. (NYSE:WMT) for 5,974 shares. Rampart Inv Mgmt Com Limited Liability Company reported 17,952 shares. Schwab Charles Invest Management Inc invested in 0.7% or 8.90 million shares. Marketfield Asset Mgmt Ltd Liability Co invested in 2.26% or 85,070 shares. Farr Miller Washington Ltd Dc owns 28,720 shares. Deltec Asset Mgmt Limited Com has invested 0.09% in Walmart Inc. (NYSE:WMT). New England Professional Planning Group owns 2,408 shares. Moreover, California Public Employees Retirement Sys has 0.53% invested in Walmart Inc. (NYSE:WMT) for 3.96 million shares. Moreover, First National Bank & Trust Of Hutchinson has 0.31% invested in Walmart Inc. (NYSE:WMT). Clean Yield Group reported 0.13% of its portfolio in Walmart Inc. (NYSE:WMT). Retail Bank Of The Ozarks invested in 22,818 shares. The New York-based Cap One Association has invested 0.54% in Walmart Inc. (NYSE:WMT). Palladium Ptnrs Ltd Limited Liability Company holds 177,260 shares. Spectrum Grp Incorporated holds 0.02% in Walmart Inc. (NYSE:WMT) or 500 shares. Heritage Mgmt stated it has 230,984 shares or 1.38% of all its holdings.

More notable recent Walmart Inc. (NYSE:WMT) news were published by: Seekingalpha.com which released: “E-commerce sales soar at Walmart” on May 17, 2018, also Investorplace.com with their article: “A Walmart Inc Earnings Miss Is Your Opportunity” published on May 15, 2018, 247Wallst.com published: “What to Watch For in Walmart Earnings” on May 16, 2018. More interesting news about Walmart Inc. (NYSE:WMT) were released by: 247Wallst.com and their article: “Walmart Helps Battered Lord & Taylor With E-Commerce Deal” published on May 16, 2018 as well as Benzinga.com‘s news article titled: “Benzinga Pro’s 5 Stocks To Watch Today” with publication date: May 17, 2018.

Since December 11, 2017, it had 0 insider buys, and 1 insider sale for $200,291 activity. Canney Jacqueline P had sold 2,065 shares worth $200,291.

Prudential Plc increased Tjx Cos Inc/The (NYSE:TJX) stake by 17,900 shares to 20,930 valued at $1.60M in 2017Q4. It also upped At&T Inc (NYSE:T) stake by 76,992 shares and now owns 6.66 million shares. Renasant Corp (NASDAQ:RNST) was raised too.

Walmart Inc. (NYSE:WMT) Institutional Positions Chart

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