Ameris Bancorp (NASDAQ:ABCB) Hit Lower Rating.

June 27, 2018 - By Daniel Cummings

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 positions while 20 funds acquired positions. Funds hold 32.51 million shares thus 8.67% more from 2017Q4’s 29.91 million shares.

Natixis holds 0.01% of its capital in Ameris Bancorp (NASDAQ:ABCB) for 38,832 shs. 51,000 are held by Employees Retirement Of Texas. Moreover, Tokio Marine Asset Management Co has 0.18% invested in Ameris Bancorp (NASDAQ:ABCB). Comerica Bank reported 0.02% in Ameris Bancorp (NASDAQ:ABCB). Parkside Bank & Tru has invested 0% in Ameris Bancorp (NASDAQ:ABCB). Nwq Inv Ltd Liability Corp owns 0.86% invested in Ameris Bancorp (NASDAQ:ABCB) for 1.01M shs. Texas Permanent School Fund holds 25,316 shs. Zurcher Kantonalbank (Zurich Cantonalbank) reported 2,403 shs. Lord Abbett Co Limited Co reported 92,674 shs. Barclays Public Limited Com invested in 11,366 shs. Credit Suisse Ag reported 59,111 shs. State Teachers Retirement System accumulated 15,688 shs. State Of Wisconsin Invest Board holds 0.05% or 295,200 shs in its capital. 457,667 were accumulated by Northern Tru Corp. Janney Montgomery Scott Limited Liability Company invested in 32,838 shs.

Ameris Bancorp registered $2.96 million net activity with 0 insider buys and 6 selling transactions since February 2, 2018. The insider Zember Dennis J JR sold 5,000 shs worth $274,059. Ezzell Robert Dale sold $384,880 worth of stock or 6,800 shs. On Wednesday, February 28 HORTMAN EDWIN W JR also sold $535,800 worth of Ameris Bancorp (NASDAQ:ABCB).

SunTrust Robinson Humphrey Decreased Ameris Bancorp (NASDAQ:ABCB)’s Rating to “Hold”.

Ameris Bancorp (NASDAQ:ABCB) has rating changed from “Buy” to “Hold” by SunTrust Robinson Humphrey. The decrease was reported on 26 June.

Ameris Bancorp (NASDAQ:ABCB) Ratings Coverage

A total of 5 analysts rate Ameris Bancorp (NASDAQ:ABCB) as follows: 2 “Buy”, 3 “Hold” and 0 “Sell”. Тherefore 40% are bullish. (NASDAQ:ABCB) has 9 ratings reports on Jun 27, 2018 according to StockzIntelligence. On Monday, January 29 Sandler O’Neill maintained Ameris Bancorp (NASDAQ:ABCB) rating. Sandler O’Neill has “Hold” rating and $57.0 target. The stock rating was maintained by Keefe Bruyette & Woods with “Buy” on Friday, April 20. On Monday, April 23 the stock of Ameris Bancorp (NASDAQ:ABCB) earned “Buy” rating by SunTrust. On Tuesday, June 26 the firm has “Hold” rating by SunTrust given. On Tuesday, January 30 the firm has “Hold” rating given by Piper Jaffray. On Thursday, February 1 the firm earned “Buy” rating by Keefe Bruyette & Woods. On Monday, February 26 Keefe Bruyette & Woods maintained the shares of ABCB in report with “Buy” rating. On Monday, January 8 the stock of Ameris Bancorp (NASDAQ:ABCB) has “Buy” rating given by SunTrust. In Monday, April 23 report Stephens maintained the stock with “Buy” rating.

ABCB touched $55.35 during the last trading session after $0.7 change.Ameris Bancorp has volume of 226,219 shares. Since June 27, 2017 ABCB has risen 24.50% and is uptrending. ABCB outperformed by 11.93% the S&P 500.

Ameris Bancorp (NASDAQ:ABCB)’s earnings release is expected by WallStreet on July, 20, Faxor reports. Analysts expect change of 38.10 % or $0.24 from previous year’s $0.63 EPS compared to current’s $0.87 EPS. If reported the P/E will be 15.91 with $35.65M profit. Wall Street now predicts 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 brought out by: on June 26, 2018 with title “Benzinga’s Top Upgrades, Downgrades For June 26, 2018”. The other‘s article was titled “Ameris Bancorp (ABCB) Says Edwin W. Hortman, Jr. will be Succeeded as President and CEO by Dennis J. Zember Jr” and brought out on June 06, 2018.

Ameris Bancorp (NASDAQ:ABCB) Analyst Ratings Chart

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