Jacobs Asset Management buys $24.3 Million stake in Ameris Bancorp (ABCB)

Ameris Bancorp (ABCB) : Jacobs Asset Management scooped up 52,500 additional shares in Ameris Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 787,502 shares of Ameris Bancorp which is valued at $24.3 Million.Ameris Bancorp makes up approximately 6.60% of Jacobs Asset Management’s portfolio.

Other Hedge Funds, Including , Stevens Capital Management Lp added ABCB to its portfolio by purchasing 7,362 company shares during the most recent quarter which is valued at $226,823. Ameris Bancorp makes up approx 0.01% of Stevens Capital Management Lp’s portfolio.Gsa Capital Partners Llp boosted its stake in ABCB in the latest quarter, The investment management firm added 8,000 additional shares and now holds a total of 14,881 shares of Ameris Bancorp which is valued at $458,484. Ameris Bancorp makes up approx 0.03% of Gsa Capital Partners Llp’s portfolio. Proshare Advisors sold out all of its stake in ABCB during the most recent quarter. The investment firm sold 6,092 shares of ABCB which is valued $187,573.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 $1.3 Million. Ameris Bancorp makes up approx 0.13% of Monarch Partners Asset Management’s portfolio. Quantbot Technologies Lp sold out all of its stake in ABCB during the most recent quarter. The investment firm sold 264 shares of ABCB which is valued $8,290.

Ameris Bancorp opened for trading at $31.34 and hit $32.2274 on the upside on Wednesday, eventually ending the session at $32, with a gain of 2.73% or 0.85 points. The heightened volatility saw the trading volume jump to 5,23,378 shares. Company has a market cap of $1,115 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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