Institutional Investor’s Pro-Ameris Bancorp (NASDAQ:ABCB) Sentiment In Q4 2017

April 17, 2018 - By Nellie Frank

Ameris Bancorp (NASDAQ:ABCB) Logo

Sentiment for Ameris Bancorp (NASDAQ:ABCB)

Ameris Bancorp (NASDAQ:ABCB) institutional sentiment increased to 1.42 in Q4 2017. Its up 0.29, from 1.13 in 2017Q3. The ratio is positive, as 78 hedge funds started new or increased holdings, while 55 cut down and sold holdings in Ameris Bancorp. The hedge funds in our partner’s database now possess: 29.91 million shares, up from 29.71 million shares in 2017Q3. Also, the number of hedge funds holding Ameris Bancorp in their top 10 holdings was flat from 4 to 4 for the same number . Sold All: 9 Reduced: 46 Increased: 58 New Position: 20.

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 company has market cap of $1.99 billion. The firm operates through four divisions: Banking Division, Retail Mortgage Division, Warehouse Lending Division, and SBA Division. It has a 26.16 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.

The stock decreased 1.33% or $0.7 during the last trading session, reaching $51.8. About 165,750 shares traded. Ameris Bancorp (NASDAQ:ABCB) has risen 17.58% since April 17, 2017 and is uptrending. It has outperformed by 6.03% the S&P500.

Analysts await Ameris Bancorp (NASDAQ:ABCB) to report earnings on April, 20. They expect $0.78 earnings per share, up 30.00 % or $0.18 from last year’s $0.6 per share. ABCB’s profit will be $29.89M for 16.60 P/E if the $0.78 EPS becomes a reality. After $0.63 actual earnings per share reported by Ameris Bancorp for the previous quarter, Wall Street now forecasts 23.81 % EPS growth.

Castine Capital Management Llc holds 4.51% of its portfolio in Ameris Bancorp for 275,083 shares. Jacobs Asset Management Llc owns 348,405 shares or 3.18% of their US portfolio. Moreover, Polaris Capital Management Llc has 2.33% invested in the company for 221,796 shares. The New York-based Maltese Capital Management Llc has invested 2.15% in the stock. Next Century Growth Investors Llc, a Minnesota-based fund reported 289,237 shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 6 insider sales for $3.28 million activity.

Ameris Bancorp (NASDAQ:ABCB) Ratings Coverage

Ratings analysis reveals 60% of Ameris Bancorp’s analysts are positive. Out of 5 Wall Street analysts rating Ameris Bancorp, 3 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $50.0 while the high is $64.0. The stock’s average target of $59.50 is 14.86% above today’s ($51.8) share price. ABCB was included in 12 notes of analysts from October 19, 2017. As per Thursday, February 1, the company rating was maintained by Keefe Bruyette & Woods. The firm has “Buy” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The stock of Ameris Bancorp (NASDAQ:ABCB) has “Hold” rating given on Monday, October 23 by Piper Jaffray. The firm earned “Hold” rating on Thursday, October 19 by Keefe Bruyette & Woods. Sandler O’Neill maintained the shares of ABCB in report on Monday, January 29 with “Hold” rating. The firm has “Buy” rating given on Monday, November 20 by Keefe Bruyette & Woods. The rating was maintained by SunTrust on Tuesday, November 28 with “Buy”. The firm has “Buy” rating given on Monday, January 8 by SunTrust. Keefe Bruyette & Woods maintained Ameris Bancorp (NASDAQ:ABCB) on Monday, February 26 with “Buy” rating. The rating was maintained by Piper Jaffray with “Hold” on Tuesday, January 30.

Ameris Bancorp (NASDAQ:ABCB) 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.