On Apr 17, 2018 Ameris Bancorp (NASDAQ:ABCB) Shorts Strengthened By 9.49%

April 17, 2018 - By Benjamin Allen

Ameris Bancorp (NASDAQ:ABCB) Corporate Logo

During 2017 Q4 the big money sentiment increased to 1.42. That’s change of 0.29, from 2017Q3’s 1.13. 9 investors sold all, 46 reduced holdings as Ameris Bancorp ratio increased. 58 rose holdings while 20 funds amassed holdings. Funds hold 29.91 million shares thus 0.67% more from 2017Q3’s 29.71 million shares.
Redwood Investments Ltd Llc has invested 1.17% in Ameris Bancorp (NASDAQ:ABCB). Swiss Commercial Bank accumulated 64,764 shs. Sheets Smith Wealth Mngmt owns 16,651 shs or 0.19% of their US capital. Blair William Il accumulated 20,112 shs or 0.01% of the stock. Monarch Prns Asset Mngmt Ltd Com holds 0.29% or 64,730 shs in its capital. Goldman Sachs Incorporated reported 0.01% in Ameris Bancorp (NASDAQ:ABCB). Hbk Investments L P stated it has 6,570 shs. Cap Advisers Limited Liability Corp holds 0.01% or 16,799 shs in its capital. Barclays Plc stated it has 6,103 shs or 0% of all its holdings. Moreover, Wells Fargo And Mn has 0.01% invested in Ameris Bancorp (NASDAQ:ABCB) for 532,840 shs. Employees Retirement Sys Of Texas invested in 0.03% or 43,000 shs. State Of Wisconsin Inv Board holds 295,200 shs. Northern has invested 0.01% of its capital in Ameris Bancorp (NASDAQ:ABCB). Ls Inv Advisors Limited Liability reported 1,081 shs or 0% of all its holdings. 275,083 are held by Castine Cap Mngmt.

Ameris Bancorp had 6 insider sales and 0 insider buys since December 13, 2017. This’s net activity of $3.28 million. Shares for $701,006 were sold by LaHaise James A on Wednesday, December 13. 5,000 Ameris Bancorp (NASDAQ:ABCB) shs with value of $274,059 were sold by Zember Dennis J JR. Shares for $43,741 were sold by Bassett Lawton E III.

Ameris Bancorp (NASDAQ:ABCB) registered an increase of 9.49% in shorted shares. FINRA issued in April ABCB’s total 1.63 million shorted shares. The up change of 9.49% from 1.49M shares was reported. With Average volume 296,100, ABCB’s former position will take 6 days to restore. Float short on Ameris Bancorp is 4.52%.

ABCB reached $52.5 on during the last trading session after $0.4 change.Ameris Bancorp has volume of 163,292 shares. Since April 17, 2017 ABCB has risen 17.58% and is uptrending. ABCB outperformed by 6.03% the S&P500.

Ameris Bancorp operates as the holding firm for Ameris Bank that provides banking services to retail and commercial clients primarily in Georgia, Alabama, Florida, and South Carolina.The firm is worth $2.01 billion. The firm operates through four divisions: Banking Division, Retail Mortgage Division, Warehouse Lending Division, and SBA Division.The P/E ratio is 26.52. It offers commercial and retail checking accounts, regular interest-bearing savings accounts, money market accounts, individual retirement accounts, and certificates of deposit.

Ameris Bancorp (NASDAQ:ABCB) Ratings Coverage

Total analysts of 5 have positions in Ameris Bancorp (NASDAQ:ABCB) as follows: 3 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 60%. The firm has $64.0 highest while $50.0 is the lowest [Target]. The average target $59.50 is 13.33% above the last ($52.5) price. Since October 19, 2017 according to StockzIntelligence Inc Ameris Bancorp has 12 analyst reports. On Thursday, December 21 the company was maintained by Keefe Bruyette & Woods. In Tuesday, January 30 report Piper Jaffray maintained it with “Hold” rating and $58.0 target. The stock rating was maintained by SunTrust with “Buy” on Tuesday, November 28. On Friday, November 17 the firm has “Buy” rating given by SunTrust. On Monday, January 29 the stock of Ameris Bancorp (NASDAQ:ABCB) earned “Hold” rating by Sandler O’Neill. On Monday, November 20 the rating was upgraded by Keefe Bruyette & Woods to “Buy”. The company rating was maintained by Keefe Bruyette & Woods on Thursday, February 1. In Monday, February 26 report Keefe Bruyette & Woods maintained the stock with “Buy” rating. On Monday, November 20 the stock of Ameris Bancorp (NASDAQ:ABCB) earned “Outperform” rating by Wood. On Monday, October 23 the firm earned “Hold” rating by Piper Jaffray.

Ameris Bancorp (NASDAQ:ABCB) Analyst Ratings Chart

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