A Reversal for Ameris Bancorp (NASDAQ:ABCB) Is Not Near. The Stock Has Rise in Shorts

Ameris Bancorp (NASDAQ:ABCB) Logo

Investors sentiment decreased to 1.41 in 2019 Q1. Its down 0.12, from 1.53 in 2018Q4. It turned negative, as 17 investors sold Ameris Bancorp shares while 47 reduced holdings. 31 funds opened positions while 59 raised stakes. 40.14 million shares or 2.10% more from 39.31 million shares in 2018Q4 were reported.
Gamco Et Al reported 0% of its portfolio in Ameris Bancorp (NASDAQ:ABCB). Deutsche Bancorp Ag owns 49,867 shares. California State Teachers Retirement System holds 64,911 shares. Fisher Asset Mgmt has invested 0% in Ameris Bancorp (NASDAQ:ABCB). First Interstate Bancorp holds 0.06% or 7,354 shares in its portfolio. Mason Street Advisors Lc invested in 12,814 shares or 0.01% of the stock. Invesco Limited reported 65,526 shares or 0% of all its holdings. Bnp Paribas Arbitrage Sa holds 0% or 9,787 shares in its portfolio. Pinebridge Invests L P reported 0.03% stake. Victory invested in 8,647 shares or 0% of the stock. Moreover, Brant Point Inv Ltd Liability Corp has 1.2% invested in Ameris Bancorp (NASDAQ:ABCB). Janney Montgomery Scott Ltd Liability Corp reported 0.01% in Ameris Bancorp (NASDAQ:ABCB). Natixis holds 0.01% of its portfolio in Ameris Bancorp (NASDAQ:ABCB) for 26,074 shares. Principal Fincl Grp Inc Incorporated has invested 0.01% of its portfolio in Ameris Bancorp (NASDAQ:ABCB). D E Shaw & Com Incorporated reported 31,329 shares.

Since January 28, 2019, it had 2 insider buys, and 0 sales for $48,345 activity. 500 shares were bought by Bowen William I. Jr., worth $18,345.

The stock of Ameris Bancorp (NASDAQ:ABCB) registered an increase of 3.93% in short interest. ABCB’s total short interest was 1.56M shares in July as published by FINRA. Its up 3.93% from 1.50M shares, reported previously. With 358,100 shares average volume, it will take short sellers 4 days to cover their ABCB’s short positions.

The stock increased 0.91% or $0.35 during the last trading session, reaching $38.95. About 393,479 shares traded. Ameris Bancorp (NASDAQ:ABCB) has declined 34.27% since July 14, 2018 and is downtrending. It has underperformed by 38.70% the S&P500.

Ameris Bancorp operates as the holding firm for Ameris Bank that provides banking services to retail and commercial clients primarily in Georgia, Alabama, Florida, and South Carolina. The company has market cap of $2.72 billion. The firm operates through four divisions: Banking Division, Retail Mortgage Division, Warehouse Lending Division, and SBA Division. It has a 13.22 P/E ratio. It offers commercial and retail checking accounts, regular interest-bearing savings accounts, money market accounts, individual retirement accounts, and certificates of deposit.

Ameris Bancorp (NASDAQ:ABCB) Ratings Coverage

Among 2 analysts covering Ameris Bancorp (NASDAQ:ABCB), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Ameris Bancorp has $48 highest and $4500 lowest target. $46.50’s average target is 19.38% above currents $38.95 stock price. Ameris Bancorp had 5 analyst reports since January 29, 2019 according to SRatingsIntel. As per Tuesday, January 29, the company rating was upgraded by SunTrust.

More notable recent Ameris Bancorp (NASDAQ:ABCB) news were published by: Fool.com which released: “3 Small-Cap Stocks With Big-Cap Potential – The Motley Fool” on March 19, 2019, also Nasdaq.com with their article: “2 Bank Stocks We’re Watching Now – Nasdaq” published on July 12, 2019, Seekingalpha.com published: “Fidelty Southern Gets Acquired: I’m Taking Profits – Seeking Alpha” on January 15, 2019. More interesting news about Ameris Bancorp (NASDAQ:ABCB) were released by: Bizjournals.com and their article: “Suit accuses Ameris Bank of systematic bribes for home loans in South Carolina – Jacksonville Business Journal” published on June 17, 2019 as well as Seekingalpha.com‘s news article titled: “Stocks To Watch: Jobs Day, Tesla Deliveries And Dazzling Dividends – Seeking Alpha” with publication date: June 29, 2019.

Ameris Bancorp (NASDAQ:ABCB) Ratings Chart

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