Polaris Capital Management Has Decreased Its Ameris Bancorp (ABCB) Holding; Eaton Vance Short Duration Diversified Income Fund Has 0.5 Sentiment

December 5, 2017 - By Nellie Frank

Polaris Capital Management Llc decreased Ameris Bancorp (ABCB) stake by 15.26% reported in 2017Q2 SEC filing. Polaris Capital Management Llc sold 150,275 shares as Ameris Bancorp (ABCB)’s stock declined 9.85%. The Polaris Capital Management Llc holds 834,368 shares with $40.22M value, down from 984,643 last quarter. Ameris Bancorp now has $1.86 billion valuation. The stock decreased 0.40% or $0.2 during the last trading session, reaching $49.9. About 3,861 shares traded. Ameris Bancorp (NASDAQ:ABCB) has risen 43.77% since December 5, 2016 and is uptrending. It has outperformed by 27.07% the S&P500.

The stock increased 1.02% or $0.14 during the last trading session, reaching $13.82. About 35,179 shares traded. Eaton Vance Short Duration Diversified Income Fund (EVG) has risen 4.36% since December 5, 2016 and is uptrending. It has underperformed by 12.34% the S&P500.




Sit Investment Associates Inc holds 1.33% of its portfolio in Eaton Vance Short Duration Diversified Income Fund for 3.81 million shares. Wfg Advisors Lp owns 383,700 shares or 1.22% of their US portfolio. Moreover, Rivernorth Capital Management Llc has 0.29% invested in the company for 267,675 shares. The Florida-based Naples Global Advisors Llc has invested 0.14% in the stock. Institute For Wealth Management Llc., a Colorado-based fund reported 20,349 shares.

Among 10 analysts covering Ameris Bancorp (NASDAQ:ABCB), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Ameris Bancorp had 22 analyst reports since August 14, 2015 according to SRatingsIntel. The stock of Ameris Bancorp (NASDAQ:ABCB) has “Buy” rating given on Friday, November 17 by SunTrust. The firm has “Outperform” rating given on Friday, August 14 by Wood. Stephens maintained Ameris Bancorp (NASDAQ:ABCB) rating on Thursday, September 28. Stephens has “Buy” rating and $52.0 target. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, October 19 report. Wood maintained Ameris Bancorp (NASDAQ:ABCB) on Wednesday, August 19 with “Buy” rating. SunTrust maintained Ameris Bancorp (NASDAQ:ABCB) on Tuesday, November 28 with “Buy” rating. The stock of Ameris Bancorp (NASDAQ:ABCB) has “Buy” rating given on Friday, July 21 by Stephens. Piper Jaffray maintained Ameris Bancorp (NASDAQ:ABCB) rating on Friday, July 21. Piper Jaffray has “Hold” rating and $4800 target. The rating was maintained by Piper Jaffray on Monday, October 23 with “Hold”. The firm has “Overweight” rating given on Wednesday, December 23 by Piper Jaffray.

Analysts await Ameris Bancorp (NASDAQ:ABCB) to report earnings on January, 19. They expect $0.63 earnings per share, up 1.61% or $0.01 from last year’s $0.62 per share. ABCB’s profit will be $23.46 million for 19.80 P/E if the $0.63 EPS becomes a reality. After $0.63 actual earnings per share reported by Ameris Bancorp for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Polaris Capital Management Llc increased Wesco International Inc (NYSE:WCC) stake by 8,500 shares to 565,111 valued at $32.38 million in 2017Q2. It also upped Praxair Inc. (NYSE:PX) stake by 2,300 shares and now owns 240,953 shares. Evertec Inc (NYSE:EVTC) was raised too.

Investors sentiment increased to 1.46 in 2017 Q2. Its up 0.01, from 1.45 in 2017Q1. It is positive, as 9 investors sold ABCB shares while 47 reduced holdings. 22 funds opened positions while 60 raised stakes. 29.82 million shares or 2.21% less from 30.49 million shares in 2017Q1 were reported. Signature Fincl Management has invested 0.19% of its portfolio in Ameris Bancorp (NASDAQ:ABCB). Mason Street Advsrs Limited Liability holds 0.01% of its portfolio in Ameris Bancorp (NASDAQ:ABCB) for 9,157 shares. Panagora Asset Mgmt holds 0.05% of its portfolio in Ameris Bancorp (NASDAQ:ABCB) for 243,923 shares. Envestnet Asset Incorporated holds 0% of its portfolio in Ameris Bancorp (NASDAQ:ABCB) for 1,353 shares. State Of Alaska Department Of Revenue has invested 0.02% in Ameris Bancorp (NASDAQ:ABCB). Victory Mgmt has 4,125 shares. Solaris Asset Mgmt accumulated 5,112 shares or 0.15% of the stock. State Bank Of America De, North Carolina-based fund reported 156,063 shares. Waddell Reed Fincl invested in 502,020 shares. New York State Teachers Retirement Systems invested in 0% or 15,098 shares. Macquarie Gp Ltd has invested 0% in Ameris Bancorp (NASDAQ:ABCB). Wellington Grp Inc Ltd Liability Partnership reported 0.01% stake. Suffolk Management Ltd Liability Com holds 0.2% in Ameris Bancorp (NASDAQ:ABCB) or 32,063 shares. Renaissance Technologies Ltd Co holds 0.01% of its portfolio in Ameris Bancorp (NASDAQ:ABCB) for 206,383 shares. North Star Management stated it has 101 shares.

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