Jacobs Asset Management Lowers stake in Ameris Bancorp (ABCB)

Ameris Bancorp (ABCB) : Jacobs Asset Management reduced its stake in Ameris Bancorp by 1.88% during the most recent quarter end. The investment management company now holds a total of 772,712 shares of Ameris Bancorp which is valued at $25,692,674 after selling 14,790 shares in Ameris Bancorp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Ameris Bancorp makes up approximately 7.11% of Jacobs Asset Management’s portfolio.

Other Hedge Funds, Including , Stevens Capital Management Lp boosted its stake in ABCB in the latest quarter, The investment management firm added 13,152 additional shares and now holds a total of 20,514 shares of Ameris Bancorp which is valued at $682,091. Ameris Bancorp makes up approx 0.03% of Stevens Capital Management Lp’s portfolio.Parametric Portfolio Associates boosted its stake in ABCB in the latest quarter, The investment management firm added 1,351 additional shares and now holds a total of 11,969 shares of Ameris Bancorp which is valued at $397,969.Stieven Capital Advisors reduced its stake in ABCB by selling 26,300 shares or 14.49% in the most recent quarter. The Hedge Fund company now holds 155,200 shares of ABCB which is valued at $5,160,400. Ameris Bancorp makes up approx 1.36% of Stieven Capital Advisors’s portfolio.

Ameris Bancorp opened for trading at $35 and hit $35.07 on the upside on Thursday, eventually ending the session at $34.99, with a gain of 0.49% or 0.17 points. The heightened volatility saw the trading volume jump to 2,31,224 shares. Company has a market cap of $1,220 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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