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Guardian Partners Inc. Takes Position in Ameris Bancorp (NASDAQ:ABCB)

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Guardian Partners Inc. acquired a new position in shares of Ameris Bancorp (NASDAQ:ABCB - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 6,600 shares of the bank's stock, valued at approximately $404,000.

A number of other institutional investors also recently made changes to their positions in the business. Picton Mahoney Asset Management lifted its position in shares of Ameris Bancorp by 2,436.8% during the fourth quarter. Picton Mahoney Asset Management now owns 482 shares of the bank's stock worth $30,000 after purchasing an additional 463 shares during the last quarter. R Squared Ltd bought a new position in Ameris Bancorp during the 4th quarter worth approximately $51,000. Blue Trust Inc. grew its position 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 worth $69,000 after acquiring an additional 400 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Ameris Bancorp by 17.9% in the 4th quarter. GAMMA Investing LLC now owns 1,332 shares of the bank's stock valued at $83,000 after acquiring an additional 202 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Ameris Bancorp by 167.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,431 shares of the bank's stock valued at $90,000 after acquiring an additional 896 shares in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. 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. Keefe, Bruyette & Woods lifted their price target 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. Finally, Raymond James restated an "outperform" rating and set a $71.00 price objective (up previously from $67.00) on shares of Ameris Bancorp in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Ameris Bancorp has a consensus rating of "Moderate Buy" and an average price target of $70.50.

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Get Our Latest Analysis on Ameris Bancorp

Insider Transactions at Ameris Bancorp

In related news, insider Douglas D. Strange bought 1,000 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were bought at an average cost of $56.95 per share, with a total value of $56,950.00. Following the completion of the transaction, the insider now directly owns 19,403 shares of the company's stock, valued at approximately $1,105,000.85. This trade represents a 5.43 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.50% of the company's stock.

Ameris Bancorp Price Performance

ABCB stock traded down $1.22 during trading hours on Friday, hitting $57.13. 270,241 shares of the stock traded hands, compared to its average volume of 372,862. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.11. The stock has a 50-day simple moving average of $62.67 and a 200 day simple moving average of $63.88. Ameris Bancorp has a one year low of $44.23 and a one year high of $74.56. The company has a market cap of $3.95 billion, a P/E ratio of 10.97 and a beta of 1.02.

Ameris Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Monday, March 31st will be given a dividend of $0.20 per share. The ex-dividend date is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.40%. Ameris Bancorp's dividend payout ratio (DPR) is presently 15.36%.

Ameris Bancorp Profile

(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

Institutional Ownership by Quarter for Ameris Bancorp (NASDAQ:ABCB)

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