On Jun 27, 2018 Ameris Bancorp (ABCB) Was Downgraded To Hold From Buy By SunTrust.

June 27, 2018 - By Ronnie Lemelle

Ameris Bancorp (NASDAQ:ABCB) Corporate Logo

During Q1 2018 the big money sentiment decreased to 1.15. That’s change of 0.27, from 2017Q4’s 1.42. 13 investors sold all, 53 reduced holdings as Ameris Bancorp ratio worsened. 56 increased stakes while 20 funds bought stakes. Funds hold 32.51 million shares thus 8.67% more from 2017Q4’s 29.91 million shares.

Blair William & Il holds 0% of its capital in Ameris Bancorp (NASDAQ:ABCB) for 13,112 shs. Dimensional Fund Ltd Partnership has 0.04% invested in Ameris Bancorp (NASDAQ:ABCB) for 1.61 million shs. 6,026 were accumulated by United Automobile Association. 35,212 are held by Parametric Ltd Liability Corp. Signature Mngmt accumulated 11,224 shs. Moreover, Kennedy Cap Mgmt has 0.69% invested in Ameris Bancorp (NASDAQ:ABCB) for 665,331 shs. Oak Ridge Investments Limited Liability Com owns 293,968 shs or 0.86% of their US capital. Thrivent Fincl For Lutherans, a Minnesota-based fund reported 141,642 shs. Comm National Bank holds 0.01% or 14,160 shs. 13,206 are held by Bnp Paribas Arbitrage. Ls Investment Advsrs Ltd invested in 0% or 1,126 shs. Nwq Invest Limited Liability Corporation reported 1.01 million shs. Jpmorgan Chase Company holds 0% of its capital in Ameris Bancorp (NASDAQ:ABCB) for 196,333 shs. Wells Fargo Communication Mn holds 0.01% or 541,020 shs in its capital. Ubs Asset Mngmt Americas holds 23,430 shs.

Ameris Bancorp had 6 selling transactions and 0 buys since February 2, 2018. This’s net activity of $2.96 million. Bassett Lawton E III sold $43,741 worth of stock. Zember Dennis J JR sold $274,059 worth of Ameris Bancorp (NASDAQ:ABCB) on Friday, February 2. $384,880 worth of Ameris Bancorp (NASDAQ:ABCB) was sold by Ezzell Robert Dale.

SunTrust Lowered Ameris Bancorp (ABCB)’s Stock Rating to Hold.

On Tuesday, 26 June SunTrust issued in analysts report Ameris Bancorp (ABCB)‘s rating change. ABCB’s old rating was Buy downgraded to Hold.

The stock decreased 1.25% or $0.7 during the last trading session, touching $55.35.Currently Ameris Bancorp is uptrending after 24.50% change in last June 27, 2017. ABCB has also 226,219 shares volume. ABCB outperformed by 11.93% the S&P 500.

On July, 20 WallStreet anticipated Ameris Bancorp (NASDAQ:ABCB)’s earnings release, according to Zacks. Last year’s EPS was $0.63, while now analysts expect change of 38.10 % up from current $0.87 EPS. If ABCB’s EPS is $0.87 the profit will hit $35.65M for 15.91 P/E. Analysts at Wall Street see Ameris Bancorp’s 19.18 % EPS growth compared to $0.73 EPS for last quarter.

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 valued at $2.27 billion. The firm operates through five divisions: Banking Division, Retail Mortgage Division, Warehouse Lending Division, Small Business Administration Division, and Premium Finance Division.The P/E ratio is 26.39. It offers commercial and retail checking accounts, regular interest-bearing savings accounts, money market accounts, individual retirement accounts, and certificates of deposit.

Another two news for Ameris Bancorp (NASDAQ:ABCB) were recently published by: Streetinsider.com on June 06, 2018 with title “Ameris Bancorp (ABCB) Says Edwin W. Hortman, Jr. will be Succeeded as President and CEO by Dennis J. Zember Jr”. The other Benzinga.com‘s article was titled “Benzinga’s Top Upgrades, Downgrades For June 26, 2018” and published on June 26, 2018.

Ameris Bancorp (NASDAQ:ABCB) Analyst Ratings Chart

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