Investment Counselors Of Maryland buys $23,832,367 stake in Ameris Bancorp (ABCB)

Ameris Bancorp (ABCB) : Investment Counselors Of Maryland scooped up 27,625 additional shares in Ameris Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 10, 2016. The investment management firm now holds a total of 773,527 shares of Ameris Bancorp which is valued at $23,832,367.Ameris Bancorp makes up approximately 1.38% of Investment Counselors Of Maryland’s portfolio.

Other Hedge Funds, Including , Blackrock Group Ltd boosted its stake in ABCB in the latest quarter, The investment management firm added 4,734 additional shares and now holds a total of 27,728 shares of Ameris Bancorp which is valued at $854,300.Monarch Partners Asset Management reduced its stake in ABCB by selling 58,799 shares or 58.33% in the most recent quarter. The Hedge Fund company now holds 42,008 shares of ABCB which is valued at $1,293,426. Ameris Bancorp makes up approx 0.13% of Monarch Partners Asset Management’s portfolio.Rhumbline Advisers boosted its stake in ABCB in the latest quarter, The investment management firm added 5,305 additional shares and now holds a total of 62,442 shares of Ameris Bancorp which is valued at $1,922,589. Ameris Bancorp makes up approx 0.01% of Rhumbline Advisers’s portfolio.Emerald Mutual Fund Advisers Trust reduced its stake in ABCB by selling 338,977 shares or 59.41% in the most recent quarter. The Hedge Fund company now holds 231,628 shares of ABCB which is valued at $7,273,119. Ameris Bancorp makes up approx 0.41% of Emerald Mutual Fund Advisers Trust’s portfolio.Emerald Advisers Incpa reduced its stake in ABCB by selling 169,754 shares or 75.47% in the most recent quarter. The Hedge Fund company now holds 55,181 shares of ABCB which is valued at $1,732,683. Ameris Bancorp makes up approx 0.08% of Emerald Advisers Incpa’s portfolio.

Ameris Bancorp opened for trading at $30.74 and hit $31.53 on the upside on Monday, eventually ending the session at $31.15, with a gain of 1.10% or 0.34 points. The heightened volatility saw the trading volume jump to 2,40,494 shares. Company has a market cap of $1,085 M.

Many Wall Street Analysts have commented on Ameris Bancorp. Ameris Bancorp was Downgraded by Piper Jaffray to ” Neutral” on Apr 26, 2016.

Ameris Bancorp is a financial holding company. The Company’s business is conducted primarily through its wholly owned banking subsidiary Ameris Bank (the Bank) which provides a range of banking services to its retail and commercial customers. Its customers are primarily concentrated in markets in Georgia Alabama Florida and South Carolina. It performs certain shareholder and investor relations functions. The Company maintains a diversified loan portfolio by providing a range of commercial and retail lending services to business entities and individuals. It invests in federal state and municipal obligations corporate obligations public housing authority bonds industrial development revenue bonds securities issued by Government-Sponsored Enterprises (GSEs) and satisfactorily-rated trust preferred obligations. The Company provides a range of deposit accounts and services to both retail and commercial customers.

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