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

June 27, 2018 - By Daniel Cummings

Ameris Bancorp (NASDAQ:ABCB) Corporate Logo

Big Money Sentiment decreased to 1.15 in Q1 2018. It has change of 0.27, from 2017Q4’s 1.42. The ratio fall due to Ameris Bancorp positioning: 13 sold and 53 reduced. 20 funds amassed stakes and 56 increased stakes. Investors holded 29.91 million in 2017Q4 but now own 32.51 million shares or 8.67% more.

Price T Rowe Md accumulated 667,595 shs or 0.01% of the stock. Manufacturers Life Insur The has invested 0.07% in Ameris Bancorp (NASDAQ:ABCB). 351,003 were accumulated by Geode Capital Management Ltd. Millennium Management Llc has invested 0.03% of its capital in Ameris Bancorp (NASDAQ:ABCB). Louisiana State Employees Retirement holds 0.04% of its capital in Ameris Bancorp (NASDAQ:ABCB) for 17,000 shs. Millrace Asset Grp Inc has invested 1.92% in Ameris Bancorp (NASDAQ:ABCB). The California-based Wells Fargo & Mn has invested 0.01% in Ameris Bancorp (NASDAQ:ABCB). 50,154 are held by Alliancebernstein Limited Partnership. Metropolitan Life Insurance owns 10,998 shs. Gamco Investors Et Al owns 9,000 shs for 0% of their capital. Northern Tru, Illinois-based fund reported 457,667 shs. Segall Bryant & Hamill Ltd Liability stated it has 270,261 shs or 0.33% of all its holdings. Investment Counselors Of Maryland has invested 1.39% in Ameris Bancorp (NASDAQ:ABCB). Parkside Bancshares And owns 22 shs or 0% of their US capital. Virginia Retirement Systems Et Al has 10,600 shs for 0.01% of their capital.

Ameris Bancorp had 6 sales and 0 buys since February 2, 2018. This’s net activity of $2.96 million. 10,000 shs valued at $574,900 were sold by HORTMAN EDWIN W JR on Monday, March 12. 5,000 shs were sold by Zember Dennis J JR, worth $274,059. On Monday, May 21 $384,880 worth of stock was sold by Ezzell Robert Dale.

SunTrust Cut Ameris Bancorp (NASDAQ:ABCB)’s Stock Rating to Hold.

SunTrust cut Ameris Bancorp (NASDAQ:ABCB)‘s rating on 26 June. The cut was from Buy to Hold.

Ameris Bancorp (NASDAQ:ABCB) Ratings Coverage

Total analysts of 5 have positions in Ameris Bancorp (NASDAQ:ABCB) as follows: 2 rated it a “Buy”, 0 with “Sell” and 3 with “Hold”. The positive are 40%. Since January 8, 2018 according to StockzIntelligence Inc Ameris Bancorp has 9 analyst reports. On Monday, January 29 the rating was maintained by Sandler O’Neill with “Hold”. On Tuesday, January 30 the stock of Ameris Bancorp (NASDAQ:ABCB) has “Hold” rating given by Piper Jaffray. On Monday, April 23 SunTrust maintained the shares of ABCB in report with “Buy” rating. On Monday, February 26 Keefe Bruyette & Woods maintained Ameris Bancorp (NASDAQ:ABCB) rating. Keefe Bruyette & Woods has “Buy” rating and $64.0 target. On Friday, April 20 the stock of Ameris Bancorp (NASDAQ:ABCB) earned “Buy” rating by Keefe Bruyette & Woods. On Monday, January 8 the rating was maintained by SunTrust with “Buy”. On Tuesday, June 26 SunTrust downgraded Ameris Bancorp (NASDAQ:ABCB) to “Hold” rating. In Thursday, February 1 report Keefe Bruyette & Woods maintained it with “Buy” rating and $63.0 target. On Monday, April 23 Stephens maintained Ameris Bancorp (NASDAQ:ABCB) with “Buy” rating.

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 the S&P 500 by 11.93%.

Ameris Bancorp (NASDAQ:ABCB)’s earnings report is expected by WallStreet on July, 20, according to Faxor. Analysts have anticipation on stock’s earnings per share of $0.87. That’s up 38.10 % from last year’s $0.63 earnings per share. This could be $35.65M profit for ABCB assuming the current $0.87 earnings per share will become reality. Wall Street now sees 19.18 % EPS growth despite Ameris Bancorp previous quarter’s EPS of $0.73.

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 $2.27 billion. The firm operates through five divisions: Banking Division, Retail Mortgage Division, Warehouse Lending Division, Small Business Administration Division, and Premium Finance Division.26.39 is the P/E ratio. 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 briefly announced 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 announced on June 26, 2018.

Ameris Bancorp (NASDAQ:ABCB) Analyst Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.