Corient Private Wealth LLC lowered its position in Ameris Bancorp (NASDAQ:ABCB - Free Report) by 41.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,122 shares of the bank's stock after selling 7,852 shares during the period. Corient Private Wealth LLC's holdings in Ameris Bancorp were worth $696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also modified their holdings of ABCB. Picton Mahoney Asset Management lifted its stake in shares of Ameris Bancorp by 2,436.8% during the 4th quarter. Picton Mahoney Asset Management now owns 482 shares of the bank's stock worth $30,000 after acquiring an additional 463 shares during the last quarter. R Squared Ltd purchased a new stake in Ameris Bancorp in the fourth quarter worth $51,000. Blue Trust Inc. lifted its position in shares of Ameris Bancorp by 56.1% during the fourth quarter. Blue Trust Inc. now owns 1,113 shares of the bank's stock worth $69,000 after purchasing an additional 400 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Ameris Bancorp by 17.9% during the fourth 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 period. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Ameris Bancorp by 167.5% in the fourth 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 last quarter. Hedge funds and other institutional investors own 91.64% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on ABCB. Keefe, Bruyette & Woods lifted their price objective on shares of Ameris Bancorp from $70.00 to $80.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. Stephens reaffirmed an "equal weight" rating and set a $71.00 price target on shares of Ameris Bancorp in a research note on Friday, January 31st. Finally, Raymond James reissued an "outperform" rating and issued a $71.00 price objective (up previously from $67.00) on shares of Ameris Bancorp in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Ameris Bancorp has an average rating of "Moderate Buy" and a consensus target price of $70.50.
Get Our Latest Stock Report on Ameris Bancorp
Ameris Bancorp Stock Up 1.6 %
NASDAQ ABCB traded up $0.89 during trading on Wednesday, reaching $57.89. 415,841 shares of the company's stock traded hands, compared to its average volume of 372,727. The company's 50 day simple moving average is $62.22 and its two-hundred day simple moving average is $63.86. Ameris Bancorp has a 12-month low of $44.23 and a 12-month high of $74.56. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 11.11 and a beta of 1.02. 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 declared a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Monday, March 31st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Monday, March 31st. Ameris Bancorp's dividend payout ratio is currently 15.36%.
Insider Activity
In other Ameris Bancorp news, insider Douglas D. Strange bought 1,000 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average cost of $56.95 per share, for a total transaction of $56,950.00. Following the purchase, the insider now directly owns 19,403 shares in the company, valued at $1,105,000.85. This represents a 5.43 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 5.50% of the company's stock.
About Ameris Bancorp
(
Free Report)
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.
Further Reading
Before you consider Ameris Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ameris Bancorp wasn't on the list.
While Ameris Bancorp currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
