Why You Should Get Hyped About Ameris Bancorp (ABCB), Citizens Financial Group Inc (CFG), And These Other Finance Stocks

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Consector Capital sold 18% of its position in Zions Bancorporation (NASDAQ:ZION) in the second quarter, a stock that returned 23.8% in the third quarter. Consector Capital had a total of 132,250 shares of the company in its portfolio on June 30, whose total value was about $3.32 million. ZION shareholders have witnessed an increase in hedge fund sentiment lately. There were 40 hedge funds in our database with ZION positions at the end of the June, up by more than 20% quarter-over-quarter. Millennium Management was the largest shareholder of Zions Bancorporation (NASDAQ:ZION), with a stake worth $129.3 million reported as of the end of June. Trailing Millennium Management was Third Avenue Management, which amassed a stake valued at $51.5 million. EJF Capital, Alyeska Investment Group, and Balyasny Asset Management also held valuable positions in the company.

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Consector Capital decreased its holding in LegacyTexas Financial Group Inc (NASDAQ:LTXB) by 41% in Q2, a move which later proved to not be so wise, as the stock returned 18.1% in the third quarter. The fund had a total of 85,000 shares of the company valued at about $2.28 million. It was one of 13 of the hedge funds in our system which were long the stock on June 30.. The largest stake in LegacyTexas Financial Group Inc (NASDAQ:LTXB) was held by Renaissance Technologies, which reported holding $29.3 million worth of stock as of the end of June. Millennium Management was next with a $12.6 million position. Other investors bullish on the company included D E Shaw and Waratah Capital Advisors.

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Disclosure: None

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