Dynamic Technology Lab Private Ltd bought a new position in Ameris Bancorp (NASDAQ:ABCB - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,110 shares of the bank's stock, valued at approximately $1,195,000.
Several other hedge funds have also modified their holdings of the company. Oppenheimer Asset Management Inc. lifted its position in Ameris Bancorp by 4.5% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 3,880 shares of the bank's stock valued at $243,000 after acquiring an additional 167 shares during the last quarter. GAMMA Investing LLC lifted 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. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Ameris Bancorp by 4.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 5,174 shares of the bank's stock valued at $324,000 after purchasing an additional 238 shares during the last quarter. Savant Capital LLC boosted its position in shares of Ameris Bancorp by 3.8% in the 4th quarter. Savant Capital LLC now owns 7,371 shares of the bank's stock worth $461,000 after purchasing an additional 267 shares in the last quarter. Finally, Atria Investments Inc grew its stake in Ameris Bancorp by 3.4% during the 4th quarter. Atria Investments Inc now owns 9,124 shares of the bank's stock worth $571,000 after buying an additional 298 shares during the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.
Ameris Bancorp Stock Performance
Shares of ABCB traded down $0.47 during mid-day trading on Friday, reaching $50.66. The company had a trading volume of 85,398 shares, compared to its average volume of 378,999. The stock has a 50 day moving average of $60.14 and a two-hundred day moving average of $63.23. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $3.50 billion, a P/E ratio of 9.71 and a beta of 0.87. Ameris Bancorp has a 52-week low of $44.23 and a 52-week high of $74.56.
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 issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend was Monday, March 31st. Ameris Bancorp's dividend payout ratio (DPR) is 15.36%.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the company. Stephens reissued an "equal weight" rating and issued a $71.00 price target on shares of Ameris Bancorp in a report on Friday, January 31st. Raymond James reissued an "outperform" rating and set a $71.00 target price (up previously from $67.00) on shares of Ameris Bancorp in a research report on Monday, February 3rd. Piper Sandler Companies boosted their price objective on shares of Ameris Bancorp to $74.00 and gave the company a "buy" rating in a report on Monday. Finally, Piper Sandler assumed coverage on Ameris Bancorp in a research note on Friday, April 4th. They issued an "overweight" rating and a $74.00 target price for the company. Two equities research 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.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $73.43.
Read Our Latest Stock Analysis on ABCB
Insider Buying and Selling
In other Ameris Bancorp news, insider Douglas D. Strange bought 1,000 shares of Ameris Bancorp stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $56.95 per share, with a total value 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 position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 5.50% of the stock is currently owned by insiders.
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.
Read More
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
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
