Aberdeen Group plc Has $22.56 Million Stake in Ameris Bancorp $ABCB

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Aberdeen Group plc reduced its stake in Ameris Bancorp by 5.3% in the fourth quarter, selling 17,137 shares but still maintaining ownership of 303,728 shares valued at $22.56 million. Despite this reduction by Aberdeen, other institutional investors like Invesco Ltd., Bessemer Group Inc., and Millennium Management LLC significantly increased their holdings in Ameris Bancorp, indicating strong hedge fund interest and institutional ownership reaching 91.6%. The bank reported strong Q4 earnings, slightly exceeding estimates with $1.59 EPS, and has an annualized dividend yield of 1.0%, alongside a market capitalization of $5.32 billion.

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