6,380 Shares in Ameris Bancorp (NASDAQ:ABCB) Acquired by XTX Topco Ltd

XTX Topco Ltd bought a new stake in shares of Ameris Bancorp (NASDAQ:ABCB - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 6,380 shares of the bank's stock, valued at approximately $399,000.

Other hedge funds have also bought and sold shares of the company. Picton Mahoney Asset Management boosted its stake in Ameris Bancorp by 2,436.8% in the fourth quarter. Picton Mahoney Asset Management now owns 482 shares of the bank's stock worth $30,000 after buying an additional 463 shares in the last quarter. R Squared Ltd bought a new stake in shares of Ameris Bancorp in the 4th quarter worth approximately $51,000. Blue Trust Inc. boosted its stake in shares of Ameris Bancorp by 56.1% in the 4th quarter. Blue Trust Inc. now owns 1,113 shares of the bank's stock valued at $69,000 after purchasing an additional 400 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Ameris Bancorp by 17.9% during the 4th quarter. GAMMA Investing LLC now owns 1,332 shares of the bank's stock valued at $83,000 after purchasing an additional 202 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in Ameris Bancorp by 167.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,431 shares of the bank's stock worth $90,000 after purchasing an additional 896 shares during the period. 91.64% of the stock is currently owned by institutional investors.

Ameris Bancorp Price Performance

Shares of NASDAQ ABCB opened at $54.08 on Wednesday. Ameris Bancorp has a 1 year low of $45.89 and a 1 year high of $74.56. The stock has a market capitalization of $3.74 billion, a P/E ratio of 10.38 and a beta of 0.87. The company's 50-day moving average is $57.75 and its 200 day moving average is $62.76. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.02 and a quick ratio of 1.00.

Ameris Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 7th. Stockholders of record on Monday, March 31st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Monday, March 31st. Ameris Bancorp's payout ratio is presently 15.36%.

Insider Activity at Ameris Bancorp

In other Ameris Bancorp news, insider Douglas D. Strange purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $56.95 per share, with a total value of $56,950.00. Following the transaction, the insider now directly owns 19,403 shares in the company, valued at approximately $1,105,000.85. The trade was a 5.43 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on ABCB. Raymond James restated an "outperform" rating and set a $71.00 target price (up from $67.00) on shares of Ameris Bancorp in a report on Monday, February 3rd. Stephens reissued an "equal weight" rating and set a $71.00 price objective on shares of Ameris Bancorp in a research note on Friday, January 31st. Piper Sandler Companies lifted their target price on shares of Ameris Bancorp to $74.00 and gave the stock a "buy" rating in a research note on Monday, April 7th. Finally, Piper Sandler started coverage on shares of Ameris Bancorp in a research report on Friday, April 4th. They set an "overweight" rating and a $74.00 price target for the company. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Ameris Bancorp currently has an average rating of "Moderate Buy" and an average price target of $73.43.

About Ameris Bancorp

Ameris Bancorp operates as the bank holding company for Ameris Bank that provides range of banking services to retail and commercial customers. It operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division, and Premium Finance Division. The company offers commercial and retail checking, regular interest-bearing savings, money market, individual retirement, and certificates of deposit accounts.

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