51,206 Shares in Ameris Bancorp (NASDAQ:ABCB) Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. purchased a new stake in shares of Ameris Bancorp (NASDAQ:ABCB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 51,206 shares of the bank's stock, valued at approximately $3,204,000. Edgestream Partners L.P. owned approximately 0.07% of Ameris Bancorp at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. grew its holdings in shares of 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 purchasing an additional 167 shares during the last quarter. GAMMA Investing LLC grew its stake in Ameris Bancorp by 17.9% during the 4th quarter. GAMMA Investing LLC now owns 1,332 shares of the bank's stock worth $83,000 after buying an additional 202 shares during the last quarter. Savant Capital LLC grew its stake in Ameris Bancorp by 3.8% during the 4th quarter. Savant Capital LLC now owns 7,371 shares of the bank's stock worth $461,000 after buying an additional 267 shares during the last quarter. Atria Investments Inc increased its position in Ameris Bancorp by 3.4% in the fourth 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 period. Finally, Blue Trust Inc. lifted its stake in Ameris Bancorp by 56.1% in the fourth quarter. Blue Trust Inc. now owns 1,113 shares of the bank's stock valued at $69,000 after buying an additional 400 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

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Ameris Bancorp Stock Up 0.4 %

ABCB traded up $0.24 during trading on Wednesday, reaching $56.53. 422,893 shares of the stock traded hands, compared to its average volume of 411,498. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 10.85 and a beta of 1.02. The stock's 50-day simple moving average is $63.77 and its two-hundred day simple moving average is $64.20. 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 has a fifty-two week low of $44.22 and a fifty-two week high of $74.56.

Ameris Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Tuesday, December 31st were paid a $0.20 dividend. This is a positive change from Ameris Bancorp's previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Tuesday, December 31st. Ameris Bancorp's dividend payout ratio is currently 15.36%.

Analyst Ratings Changes

A number of research firms recently weighed in on ABCB. Stephens reaffirmed an "equal weight" rating and issued a $71.00 price objective on shares of Ameris Bancorp in a report on Friday, January 31st. Raymond James reaffirmed an "outperform" rating and set a $71.00 price target (up previously from $67.00) on shares of Ameris Bancorp in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods increased their price objective on Ameris Bancorp from $70.00 to $80.00 and gave the stock an "outperform" rating in a report on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $70.50.

Ameris Bancorp Profile

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.