Newest Short Interest Filing: Ameris Bancorp (NASDAQ:ABCB) on Focus After Report of Less Shorts

November 23, 2016 - By Winifred Garcia   ·   0 Comments

Newest Short Interest Filing: Ameris Bancorp (NASDAQ:ABCB) on Focus After Report of Less Shorts

The stock of Ameris Bancorp (NASDAQ:ABCB) registered a decrease of 4% in short interest. ABCB’s total short interest was 950,100 shares in November as published by FINRA. Its down 4% from 989,700 shares, reported previously. With 155,400 shares average volume, it will take short sellers 6 days to cover their ABCB’s short positions. The short interest to Ameris Bancorp’s float is 2.82%. The stock increased 2.56% or $1.1 during the last trading session, hitting $44.1. Ameris Bancorp (NASDAQ:ABCB) has risen 41.53% since April 21, 2016 and is uptrending. It has outperformed by 36.20% the S&P500.

Ameris Bancorp is a financial holding company. The company has a market cap of $1.56 billion. The Company’s business is conducted through its banking subsidiary, Ameris Bank , which provides a range of banking services to its retail and commercial customers. It has a 22.17 P/E ratio. The Firm operates through four divisions: the Banking Division, the Retail Mortgage Division, the Warehouse Lending Division and the SBA Division.

Insitutional Activity: The institutional sentiment increased to 1.55 in Q2 2016. Its up 0.29, from 1.26 in 2016Q1. The ratio increased, as 12 funds sold all Ameris Bancorp shares owned while 38 reduced positions. 10 funds bought stakes while 53 increased positions. They now own 26.23 million shares or 5.94% less from 27.89 million shares in 2016Q1.
Lord Abbett & Commerce Limited Company owns 92,800 shares or 0.01% of their US portfolio. Geode Capital Ltd Liability Company last reported 203,841 shares in the company. The Tennessee-based Ftb Advsr Incorporated has invested 0% in Ameris Bancorp (NASDAQ:ABCB). Kennedy has 0.36% invested in the company for 600,839 shares. Salzhauer Michael holds 0.17% of its portfolio in Ameris Bancorp (NASDAQ:ABCB) for 7,209 shares. Consector Lp holds 10.2% of its portfolio in Ameris Bancorp (NASDAQ:ABCB) for 147,036 shares. Manufacturers Life Insur Communications The owns 1.21M shares or 0.05% of their US portfolio. Louisiana State Employees Retirement Sys has 0.02% invested in the company for 12,300 shares. Blackrock Inc owns 4,042 shares or 0% of their US portfolio. Northpointe Capital Llc has invested 1.24% of its portfolio in Ameris Bancorp (NASDAQ:ABCB). Creative Planning, a Kansas-based fund reported 59 shares. State Street has invested 0% of its portfolio in Ameris Bancorp (NASDAQ:ABCB). Savings Bank Of Mellon Corporation has invested 0.01% of its portfolio in Ameris Bancorp (NASDAQ:ABCB). Ladenburg Thalmann Svcs owns 101 shares or 0% of their US portfolio. Commonwealth Equity Service Inc reported 18,707 shares or 0% of all its holdings.

Ameris Bancorp (NASDAQ:ABCB) Ratings Coverage

Out of 6 analysts covering Ameris Bancorp (NASDAQ:ABCB), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. $37 is the highest target while $30.50 is the lowest. The $32.90 average target is -25.40% below today’s ($44.1) stock price. Ameris Bancorp has been the topic of 11 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Zacks upgraded the stock to “Sell” rating in Tuesday, August 18 report. Piper Jaffray maintained the stock with “Overweight” rating in Wednesday, December 23 report. Zacks downgraded the stock to “Hold” rating in Monday, August 24 report. The rating was maintained by Wood with “Buy” on Wednesday, August 19. The stock has “Market Perform” rating given by Keefe Bruyette & Woods on Thursday, October 29. Wood maintained Ameris Bancorp (NASDAQ:ABCB) rating on Friday, August 14. Wood has “Outperform” rating and $33 price target. The firm earned “Outperform” rating on Monday, November 2 by Cowen & Co. The firm has “Hold” rating by Sandler O’Neill given on Tuesday, September 27. Piper Jaffray downgraded the stock to “Neutral” rating in Tuesday, April 26 report.

ABCB Company Profile

Ameris Bancorp, incorporated on December 18, 1980, is a financial holding company. The Company’s business is conducted through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. The Firm operates through four divisions: the Banking Division, the Retail Mortgage Division, the Warehouse Lending Division and the SBA Division. The Banking Division is engaged in the delivery of financial services, which include commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division is engaged in the origination, sales and servicing of one- to four-family residential mortgage loans. The Warehouse Lending Division is engaged in the origination and servicing of warehouse lines to other businesses that are secured by underlying one- to four-family residential mortgage loans. The SBA Division is engaged in the origination, sales and servicing of small business administration (SBA) loans.

More important recent Ameris Bancorp (NASDAQ:ABCB) news were published by: Prnewswire.com which released: “Ameris Bancorp Signs Definitive Merger Agreement to Acquire Jacksonville …” on October 01, 2015, also Prnewswire.com published article titled: “Ameris Bancorp Reports Record Net Income For Third Quarter 2016”, Marketwatch.com published: “Virtual Stock Exchange” on April 14, 2011. More interesting news about Ameris Bancorp (NASDAQ:ABCB) was released by: Nasdaq.com and their article: “Ameris Bancorp Is Proof Of Life After Banks’ Deaths” with publication date: December 02, 2015.

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By Winifred Garcia


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