Maltese Capital Management buys $17,236,800 stake in Ameris Bancorp (ABCB)

Ameris Bancorp (ABCB) : Maltese Capital Management scooped up 42,061 additional shares in Ameris Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 518,400 shares of Ameris Bancorp which is valued at $17,236,800.Ameris Bancorp makes up approximately 2.05% of Maltese Capital Management’s portfolio.

Other Hedge Funds, Including , Rhumbline Advisers reduced its stake in ABCB by selling 9,666 shares or 15.48% in the most recent quarter. The Hedge Fund company now holds 52,776 shares of ABCB which is valued at $1,754,802.Blackrock Institutional Trust Company N.a. boosted its stake in ABCB in the latest quarter, The investment management firm added 21,126 additional shares and now holds a total of 830,392 shares of Ameris Bancorp which is valued at $27,610,534. Boston Partners sold out all of its stake in ABCB during the most recent quarter. The investment firm sold 105,926 shares of ABCB which is valued $3,580,299.Ifc Holdings Incorporatedfl reduced its stake in ABCB by selling 200 shares or 2.87% in the most recent quarter. The Hedge Fund company now holds 6,772 shares of ABCB which is valued at $222,122. Ameris Bancorp makes up approx 0.02% of Ifc Holdings Incorporatedfl’s portfolio.

Ameris Bancorp opened for trading at $33.93 and hit $34.03 on the upside on Tuesday, eventually ending the session at $33.81, with a gain of 0.09% or 0.03 points. The heightened volatility saw the trading volume jump to 1,30,667 shares. Company has a market cap of $1,179 M.

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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