Ameris Bancorp (NASDAQ:ABCB).
Nwq Investment Management Company, LLC says it sold 12,852 shares last quarter decreasing its stake in Ameris Bancorp (ABCB) by 1.0%. Its position was worth $60,186,000 a decrease of $870,000 as of quarter end.
Several firms have updated their holdings. As of quarter end Schwab Charles Investment Management Inc had acquired 21,235 shares growing its position 13.5%. The value of the company’s investment in Ameris Bancorp increased from $7,604,000 to $8,592,000 increasing 13.0% quarter over quarter. Redwood Investments, LLC divested its ownership by shedding 19,321 shares a decrease of 9.5% as of 09/30/2017. Redwood Investments, LLC controls 185,125 shares with a value of $8,886,000. The value of the position overall is down by 9.8%.
Kennedy Capital Management, Inc. cut its stake by selling 85,000 shares a decrease of 14.0% from 06/30/2017 to 09/30/2017. Kennedy Capital Management, Inc. owns 524,227 shares worth $25,163,000. The total value of its holdings decreased 14.3%.
On October 26 Keefe, Bruyette & Woods held the stock rating at “Hold” with a current price target of $52.00. On October 23, 2017 Piper Jaffray Companies updated its forecast on ABCB stating a rating of “Hold” and projecting a price target of $50.00.
Piper Jaffray Companies issued a report on ABCB and giving a rating of “Hold” and price target of $48.00. October 5 investment analysts at Piper Jaffray Companies kept the stock rating at “Neutral” projecting a price of $47.50.
On September 28 Stephens left the stock rating at “Buy” targeting a price of $52.00.
The company is so far trading up from yesterday’s close of 46.95. The P/E ratio is currently 20.90 and market cap is 1.75B. In the last earnings report the EPS was $2.25 with 37.23M shares currently outstanding.
Investors are feeling more bearish on Ameris Bancorp of late if you consider the change in short interest. The stock saw a rise in short interest of 26.13% as of October 13, 2017 from the last reporting period. Short shares increased from 949,034 to 1,197,061 over that period. The days to cover decreased to 5.0 and the percentage of shorted shares is 0.03% as of October 13.