Kennedy Capital Management INC Has Upped Ameris Bancorp (ABCB) Stake by $7.69 Million as Share Price Rose

April 22, 2018 - By Marie Mckinney

Ameris Bancorp (NASDAQ:ABCB) LogoInvestors sentiment increased to 1.42 in Q4 2017. Its up 0.29, from 1.13 in 2017Q3. It improved, as 9 investors sold ABCB shares while 46 reduced holdings. 20 funds opened positions while 58 raised stakes. 29.91 million shares or 0.67% more from 29.71 million shares in 2017Q3 were reported. 1,551 are held by Zurcher Kantonalbank (Zurich Cantonalbank). Dimensional Fund Lp has 0.03% invested in Ameris Bancorp (NASDAQ:ABCB). Vanguard Gp has invested 0.01% in Ameris Bancorp (NASDAQ:ABCB). Kennedy Incorporated owns 0.59% invested in Ameris Bancorp (NASDAQ:ABCB) for 684,375 shares. Ellington Gp Limited Liability stated it has 7,000 shares. California State Teachers Retirement System has invested 0.01% in Ameris Bancorp (NASDAQ:ABCB). Arizona State Retirement reported 62,576 shares. Stephens Inc Ar has invested 0.01% in Ameris Bancorp (NASDAQ:ABCB). Alps Advsrs stated it has 0% of its portfolio in Ameris Bancorp (NASDAQ:ABCB). Teacher Retirement Of Texas invested in 0% or 12,760 shares. Eaton Vance Management stated it has 182,436 shares or 0.02% of all its holdings. Missouri-based Comm National Bank has invested 0.01% in Ameris Bancorp (NASDAQ:ABCB). Quantum Mngmt reported 5,141 shares or 0.06% of all its holdings. Voya Inv Mngmt Ltd holds 0% or 26,364 shares. Jennison Associate Ltd Liability Company holds 25,380 shares or 0% of its portfolio.

Since December 13, 2017, it had 0 insider purchases, and 6 insider sales for $3.28 million activity. Shares for $43,741 were sold by Bassett Lawton E III. $274,059 worth of Ameris Bancorp (NASDAQ:ABCB) was sold by Zember Dennis J JR on Friday, February 2. $701,006 worth of Ameris Bancorp (NASDAQ:ABCB) was sold by LaHaise James A.

Kennedy Capital Management Inc increased its stake in Ameris Bancorp (ABCB) by 30.55% based on its latest 2017Q4 regulatory filing with the SEC. Kennedy Capital Management Inc bought 160,148 shares as the company’s stock rose 6.82% while stock markets declined. The institutional investor held 684,375 shares of the major banks company at the end of 2017Q4, valued at $32.99M, up from 524,227 at the end of the previous reported quarter. Kennedy Capital Management Inc who had been investing in Ameris Bancorp for a number of months, seems to be bullish on the $2.00 billion market cap company. The stock decreased 0.95% or $0.5 during the last trading session, reaching $52.2. About 217,631 shares traded. Ameris Bancorp (NASDAQ:ABCB) has risen 17.58% since April 22, 2017 and is uptrending. It has outperformed by 6.03% the S&P500.

Kennedy Capital Management Inc, which manages about $5.67B and $5.58B US Long portfolio, decreased its stake in Synnex Corporation (NYSE:SNX) by 40,029 shares to 147,316 shares, valued at $20.03M in 2017Q4, according to the filing. It also reduced its holding in Allete Inc (NYSE:ALE) by 56,266 shares in the quarter, leaving it with 312,270 shares, and cut its stake in Westlake Chemical Corporation (NYSE:WLK).

Ameris Bancorp (NASDAQ:ABCB) Ratings Coverage

Among 5 analysts covering Ameris Bancorp (NASDAQ:ABCB), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Ameris Bancorp had 12 analyst reports since October 23, 2017 according to SRatingsIntel. Keefe Bruyette & Woods maintained the shares of ABCB in report on Thursday, December 21 with “Buy” rating. The company was upgraded on Monday, November 20 by Wood. The firm has “Hold” rating by Piper Jaffray given on Tuesday, January 30. SunTrust maintained the shares of ABCB in report on Monday, January 8 with “Buy” rating. SunTrust maintained Ameris Bancorp (NASDAQ:ABCB) on Tuesday, November 28 with “Buy” rating. SunTrust maintained the stock with “Buy” rating in Friday, November 17 report. The company was maintained on Monday, January 29 by Sandler O’Neill. The stock of Ameris Bancorp (NASDAQ:ABCB) earned “Hold” rating by Piper Jaffray on Monday, October 23. Keefe Bruyette & Woods maintained Ameris Bancorp (NASDAQ:ABCB) on Friday, April 20 with “Buy” rating. On Monday, November 20 the stock rating was upgraded by Keefe Bruyette & Woods to “Buy”.

Ameris Bancorp (NASDAQ:ABCB) Ratings Chart

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