Castine Capital Management Has Lifted Its Holding in Ameris Bancorp (ABCB) by $314,448; As Sherwin (SHW) Shares Declined, Shareholder Northcoast Asset Management Trimmed Its Holding by $5.71 Million

April 22, 2018 - By Peter Erickson

Ameris Bancorp (NASDAQ:ABCB) Logo

Castine Capital Management Llc increased its stake in Ameris Bancorp (ABCB) by 2.44% based on its latest 2017Q4 regulatory filing with the SEC. Castine Capital Management Llc bought 6,551 shares as the company’s stock rose 6.82% while stock markets declined. The institutional investor held 275,083 shares of the major banks company at the end of 2017Q4, valued at $13.26M, up from 268,532 at the end of the previous reported quarter. Castine Capital Management Llc who had been investing in Ameris Bancorp for a number of months, seems to be bullish on the $2.00B market cap company. The stock decreased 0.95% or $0.5 during the last trading session, reaching $52.2. About 217,631 shares traded. Ameris Bancorp (NASDAQ:ABCB) has risen 17.58% since April 22, 2017 and is uptrending. It has outperformed by 6.03% the S&P500.

Northcoast Asset Management Llc decreased its stake in Sherwin (SHW) by 26.3% based on its latest 2017Q4 regulatory filing with the SEC. Northcoast Asset Management Llc sold 13,939 shares as the company’s stock declined 5.42% with the market. The institutional investor held 39,071 shares of the building materials company at the end of 2017Q4, valued at $16.02M, down from 53,010 at the end of the previous reported quarter. Northcoast Asset Management Llc who had been investing in Sherwin for a number of months, seems to be less bullish one the $36.73 billion market cap company. The stock decreased 0.96% or $3.8 during the last trading session, reaching $392.39. About 643,477 shares traded. The Sherwin-Williams Company (NYSE:SHW) has risen 26.25% since April 22, 2017 and is uptrending. It has outperformed by 14.70% the S&P500.

Analysts await The Sherwin-Williams Company (NYSE:SHW) to report earnings on April, 24 before the open. They expect $3.13 earnings per share, up 37.89% or $0.86 from last year’s $2.27 per share. SHW’s profit will be $293.00M for 31.34 P/E if the $3.13 EPS becomes a reality. After $2.95 actual earnings per share reported by The Sherwin-Williams Company for the previous quarter, Wall Street now forecasts 6.10% EPS growth.

Among 30 analysts covering Sherwin-Williams Company (NYSE:SHW), 22 have Buy rating, 0 Sell and 8 Hold. Therefore 73% are positive. Sherwin-Williams Company had 67 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, March 16 by Longbow. The firm has “Buy” rating given on Friday, July 22 by CLSA. The rating was maintained by Barclays Capital on Monday, November 2 with “Equal Weight”. The rating was maintained by RBC Capital Markets on Wednesday, January 17 with “Buy”. KeyBanc Capital Markets maintained The Sherwin-Williams Company (NYSE:SHW) on Thursday, January 11 with “Buy” rating. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Monday, March 21 report. The firm has “Buy” rating by Northcoast given on Wednesday, July 22. Sterne Agee CRT upgraded The Sherwin-Williams Company (NYSE:SHW) on Tuesday, August 25 to “Neutral” rating. The firm has “Outperform” rating by Credit Suisse given on Tuesday, March 22. Susquehanna maintained The Sherwin-Williams Company (NYSE:SHW) rating on Monday, January 8. Susquehanna has “Buy” rating and $511.0 target.

Investors sentiment decreased to 1.15 in 2017 Q4. Its down 0.06, from 1.21 in 2017Q3. It dived, as 43 investors sold SHW shares while 252 reduced holdings. 117 funds opened positions while 221 raised stakes. 68.54 million shares or 1.28% less from 69.43 million shares in 2017Q3 were reported. Jlb And Associates reported 2,362 shares. Fifth Third State Bank holds 0.25% or 89,853 shares. Captrust Financial Advsrs has 1,246 shares. Cornerstone Advisors Inc holds 0.14% in The Sherwin-Williams Company (NYSE:SHW) or 3,000 shares. Kingdon Ltd Liability holds 26,312 shares or 0.7% of its portfolio. Blue Edge Cap Ltd Com reported 3,459 shares or 0.57% of all its holdings. Capital Planning Limited Liability Company has invested 0.22% in The Sherwin-Williams Company (NYSE:SHW). 28,138 are held by Nuveen Asset Llc. Wellington Shields Mgmt Limited Liability Com accumulated 860 shares or 0.05% of the stock. 1,300 were accumulated by North Amer. Fdx Advsr Incorporated holds 0.02% or 1,420 shares in its portfolio. Ellington Mgmt Grp Limited Liability holds 0.12% in The Sherwin-Williams Company (NYSE:SHW) or 1,800 shares. Wells Fargo & Co Mn accumulated 715,128 shares or 0.08% of the stock. Cullen Frost Bankers accumulated 37,334 shares. Quantitative Systematic Strategies Lc stated it has 3,700 shares.

Since March 14, 2018, it had 0 buys, and 1 sale for $306,945 activity.

Northcoast Asset Management Llc, which manages about $1.11 billion US Long portfolio, upped its stake in Cognizant Tech Sol Cl A (NASDAQ:CTSH) by 369,118 shares to 377,574 shares, valued at $26.82 million in 2017Q4, according to the filing. It also increased its holding in Ing Group Nv Adr (NYSE:ING) by 19,639 shares in the quarter, for a total of 102,349 shares, and has risen its stake in Royal Caribbean Cruises Ltd (NYSE:RCL).

Investors sentiment increased to 1.42 in 2017 Q4. Its up 0.29, from 1.13 in 2017Q3. It increased, as 9 investors sold ABCB shares while 46 reduced holdings. 20 funds opened positions while 58 raised stakes. 29.91 million shares or 0.67% more from 29.71 million shares in 2017Q3 were reported. Blackrock invested in 0.01% or 4.75 million shares. Renaissance Technologies Limited Liability Corp accumulated 37,166 shares. First Interstate Bankshares holds 0.04% in Ameris Bancorp (NASDAQ:ABCB) or 4,200 shares. Smithfield Tru Co invested in 3,569 shares or 0.02% of the stock. Blair William And Il holds 0.01% in Ameris Bancorp (NASDAQ:ABCB) or 20,112 shares. Salzhauer Michael holds 5,829 shares. Parallax Volatility Advisers Ltd Partnership stated it has 5,586 shares. Ameritas Inv Prtn owns 3,188 shares. Morgan Stanley stated it has 108,367 shares. Monarch Prtnrs Asset Mgmt Limited Liability Corporation has 0.29% invested in Ameris Bancorp (NASDAQ:ABCB). Arizona State Retirement has 0.03% invested in Ameris Bancorp (NASDAQ:ABCB). Nwq Mngmt Llc reported 1.20M shares. Northwestern Mutual Wealth Management has invested 0% in Ameris Bancorp (NASDAQ:ABCB). 64,764 were accumulated by Swiss Bankshares. Guggenheim Cap Ltd Liability Corp reported 9,648 shares or 0% of all its holdings.

Castine Capital Management Llc, which manages about $395.38M and $294.27M US Long portfolio, decreased its stake in Community Bankers Tr Corp (NASDAQ:ESXB) by 79,468 shares to 1.45 million shares, valued at $11.81 million in 2017Q4, according to the filing. It also reduced its holding in Entegra Finl Corp (NASDAQ:ENFC) by 54,308 shares in the quarter, leaving it with 220,000 shares, and cut its stake in Pacwest Bancorp Del (NASDAQ:PACW).

The Sherwin-Williams Company (NYSE:SHW) Institutional Positions Chart

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