Jacobs Asset Management Position in Ameris Bancorp (ABCB) Lowered by $1.66 Million; Facebook Cl A (FB) Holder Barrett Asset Management Cut Holding by $2.24 Million as Share Price Declined

May 20, 2018 - By Hazel Jackson

Ameris Bancorp (NASDAQ:ABCB) Logo

Jacobs Asset Management Llc decreased its stake in Ameris Bancorp (ABCB) by 9.01% based on its latest 2017Q4 regulatory filing with the SEC. Jacobs Asset Management Llc sold 34,511 shares as the company’s stock rose 6.82% while stock markets declined. The institutional investor held 348,405 shares of the major banks company at the end of 2017Q4, valued at $16.79 million, down from 382,916 at the end of the previous reported quarter. Jacobs Asset Management Llc who had been investing in Ameris Bancorp for a number of months, seems to be less bullish one the $2.15B market cap company. The stock increased 0.27% or $0.15 during the last trading session, reaching $56.05. About 197,735 shares traded. Ameris Bancorp (NASDAQ:ABCB) has risen 17.58% since May 20, 2017 and is uptrending. It has outperformed by 6.03% the S&P500.




Barrett Asset Management Llc decreased its stake in Facebook Inc Cl A (FB) by 4.59% based on its latest 2017Q4 regulatory filing with the SEC. Barrett Asset Management Llc sold 12,719 shares as the company’s stock declined 14.10% with the market. The institutional investor held 264,363 shares of the technology company at the end of 2017Q4, valued at $46.65M, down from 277,082 at the end of the previous reported quarter. Barrett Asset Management Llc who had been investing in Facebook Inc Cl A for a number of months, seems to be less bullish one the $528.79 billion market cap company. The stock decreased 0.59% or $1.08 during the last trading session, reaching $182.68. About 10.38 million shares traded. Facebook, Inc. (NASDAQ:FB) has risen 8.48% since May 20, 2017 and is uptrending. It has underperformed by 3.07% the S&P500.

More recent Ameris Bancorp (NASDAQ:ABCB) news were published by: Bizjournals.com which released: “Atlanta’s State Bank to merge with Houston’s Cadence in $1.4B deal” on May 14, 2018. Also Fool.com published the news titled: “The 3 Stocks on the MFM Team’s Radar” on May 17, 2018. Bizjournals.com‘s news article titled: “Regulators green-light Atlantic Coast Bank acquisition” with publication date: May 10, 2018 was also an interesting one.

Investors sentiment increased to 1.42 in 2017 Q4. Its up 0.29, from 1.13 in 2017Q3. It improved, 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. 11,224 are owned by Signature Fincl Mgmt. United Cap Financial Advisers Limited Liability Co reported 0.01% stake. Alps holds 10,878 shares or 0% of its portfolio. Maltese Cap Mgmt Lc stated it has 592,663 shares or 2.15% of all its holdings. Parametric Portfolio Assoc Ltd Liability, Washington-based fund reported 31,880 shares. California Pub Employees Retirement Sys accumulated 41,624 shares. Pacad Investment invested in 400 shares. State Street Corporation holds 0% or 1.27 million shares. 1492 Cap Mngmt Ltd Llc has invested 0.19% in Ameris Bancorp (NASDAQ:ABCB). Lord Abbett holds 74,784 shares or 0.01% of its portfolio. Waddell & Reed Fincl, Kansas-based fund reported 709,740 shares. First Tru Advisors LP stated it has 0.01% of its portfolio in Ameris Bancorp (NASDAQ:ABCB). Northern Corporation owns 453,935 shares. 3,569 were reported by Smithfield Tru Company. State Of Tennessee Treasury Department holds 0.01% in Ameris Bancorp (NASDAQ:ABCB) or 29,268 shares.

Analysts await Ameris Bancorp (NASDAQ:ABCB) to report earnings on July, 20. They expect $0.87 earnings per share, up 38.10% or $0.24 from last year’s $0.63 per share. ABCB’s profit will be $33.34 million for 16.11 P/E if the $0.87 EPS becomes a reality. After $0.73 actual earnings per share reported by Ameris Bancorp for the previous quarter, Wall Street now forecasts 19.18% EPS growth.

Since December 13, 2017, it had 0 buys, and 6 insider sales for $3.28 million activity. $43,741 worth of Ameris Bancorp (NASDAQ:ABCB) shares were sold by Bassett Lawton E III. 5,000 shares were sold by Zember Dennis J JR, worth $274,059. 15,035 shares were sold by LaHaise James A, worth $701,006.

Among 10 analysts covering Ameris Bancorp (NASDAQ:ABCB), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Ameris Bancorp had 31 analyst reports since August 14, 2015 according to SRatingsIntel. As per Thursday, October 29, the company rating was downgraded by Keefe Bruyette & Woods. The rating was downgraded by Sandler O’Neill to “Hold” on Tuesday, September 27. The firm has “Buy” rating by SunTrust given on Friday, November 17. The company was upgraded on Tuesday, August 18 by Zacks. Stephens maintained it with “Buy” rating and $6400 target in Monday, April 23 report. The rating was maintained by Wood with “Buy” on Wednesday, August 19. On Monday, November 20 the stock rating was upgraded by Keefe Bruyette & Woods to “Buy”. Keefe Bruyette & Woods maintained the shares of ABCB in report on Thursday, December 21 with “Buy” rating. The company was maintained on Monday, April 23 by SunTrust. As per Friday, July 21, the company rating was maintained by Stephens.

Jacobs Asset Management Llc, which manages about $1.11 billion and $528.25M US Long portfolio, upped its stake in Popular Inc (NASDAQ:BPOP) by 15,000 shares to 543,360 shares, valued at $19.28 million in 2017Q4, according to the filing. It also increased its holding in Midland Sts Bancorp Inc Ill by 76,237 shares in the quarter, for a total of 570,749 shares, and has risen its stake in Cit Group Inc (NYSE:CIT).

Investors sentiment increased to 1.21 in 2017 Q4. Its up 0.06, from 1.15 in 2017Q3. It improved, as 57 investors sold FB shares while 621 reduced holdings. 147 funds opened positions while 670 raised stakes. 1.61 billion shares or 1.26% less from 1.63 billion shares in 2017Q3 were reported. Moreover, Gradient Invests Ltd has 0.04% invested in Facebook, Inc. (NASDAQ:FB) for 3,772 shares. Burney reported 49,602 shares stake. Granite Inv Ptnrs has 140,928 shares for 1.57% of their portfolio. Marathon Prns Equity Mngmt Ltd Liability Corporation holds 1.78% of its portfolio in Facebook, Inc. (NASDAQ:FB) for 25,000 shares. Putnam Fl Investment Management Communication has invested 1.84% of its portfolio in Facebook, Inc. (NASDAQ:FB). 10 reported 0.08% stake. First In owns 2,039 shares or 0.23% of their US portfolio. 6,061 were reported by Jnba Fincl. Allen Inv Ltd Liability Corp stated it has 0.2% of its portfolio in Facebook, Inc. (NASDAQ:FB). Cibc has 1.09% invested in Facebook, Inc. (NASDAQ:FB). Williams Jones & Assoc Lc invested 2.54% of its portfolio in Facebook, Inc. (NASDAQ:FB). Forte Limited Liability Corp Adv holds 0.2% or 3,819 shares. Ally Fincl Inc, Michigan-based fund reported 28,000 shares. Fukoku Mutual Life Ins Communication has invested 0.24% of its portfolio in Facebook, Inc. (NASDAQ:FB). First Merchants Corp holds 0.23% or 7,645 shares in its portfolio.

Barrett Asset Management Llc, which manages about $1.48 billion and $1.42 billion US Long portfolio, upped its stake in Starbucks Corp Com (NASDAQ:SBUX) by 88,420 shares to 396,435 shares, valued at $22.77 million in 2017Q4, according to the filing. It also increased its holding in Nike Inc Cl B (NYSE:NKE) by 5,325 shares in the quarter, for a total of 20,874 shares, and has risen its stake in Ishares Tr Msci Eafe Etf (EFA).

Among 55 analysts covering Facebook (NASDAQ:FB), 51 have Buy rating, 2 Sell and 2 Hold. Therefore 93% are positive. Facebook had 270 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Thursday, February 1 by Barclays Capital. The stock has “Buy” rating by Cowen & Co on Friday, July 14. The company was maintained on Thursday, November 5 by Stifel Nicolaus. The rating was maintained by Credit Suisse on Thursday, February 1 with “Buy”. Canaccord Genuity maintained the stock with “Buy” rating in Monday, October 9 report. Stifel Nicolaus maintained the shares of FB in report on Thursday, March 22 with “Hold” rating. The company was maintained on Thursday, November 2 by Mizuho. The stock of Facebook, Inc. (NASDAQ:FB) earned “Buy” rating by Mizuho on Thursday, November 5. KeyBanc Capital Markets maintained it with “Buy” rating and $24500 target in Monday, April 9 report. As per Thursday, July 27, the company rating was maintained by Pivotal Research.

Analysts await Facebook, Inc. (NASDAQ:FB) to report earnings on July, 25. They expect $1.72 earnings per share, up 30.30% or $0.40 from last year’s $1.32 per share. FB’s profit will be $4.98B for 26.55 P/E if the $1.72 EPS becomes a reality. After $1.69 actual earnings per share reported by Facebook, Inc. for the previous quarter, Wall Street now forecasts 1.78% EPS growth.

Since December 7, 2017, it had 0 insider buys, and 54 sales for $2.31 billion activity. The insider Zuckerberg Mark sold $47.74M. 55,000 Facebook, Inc. (NASDAQ:FB) shares with value of $10.28 million were sold by Sandberg Sheryl. FISCHER DAVID B. also sold $1.05 million worth of Facebook, Inc. (NASDAQ:FB) shares. 38,024 Facebook, Inc. (NASDAQ:FB) shares with value of $6.94M were sold by Schroepfer Michael Todd. Cox Christopher K sold 16,000 shares worth $2.83 million. Stretch Colin sold $134,125 worth of stock.

More notable recent Facebook, Inc. (NASDAQ:FB) news were published by: Nasdaq.com which released: “Thursday’s Vital Data: Facebook, Inc. (FB), Apple Inc. (AAPL) and Alibaba Group Holding Ltd (BABA)” on May 17, 2018, also Seekingalpha.com with their article: “Thoughts On Facebook’s Valuation After Earnings” published on April 26, 2018, Livetradingnews.com published: “Facebook, Inc. (NASDAQ:FB) A Look Inside the Technicals” on May 17, 2018. More interesting news about Facebook, Inc. (NASDAQ:FB) were released by: Seekingalpha.com and their article: “Aswath Damodaran On Facebook, Valuation, And Faith (Podcast)” published on May 15, 2018 as well as Seekingalpha.com‘s news article titled: “Spotlight On Gambling Reset And Banking Bill” with publication date: May 19, 2018.

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