Inceptionr LLC Makes New $402,000 Investment in Ameris Bancorp (NASDAQ:ABCB)

Inceptionr LLC purchased a new position in Ameris Bancorp (NASDAQ:ABCB - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,430 shares of the bank's stock, valued at approximately $402,000.

Several other large investors also recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in Ameris Bancorp in the 4th quarter worth approximately $2,016,000. Proficio Capital Partners LLC bought a new position in Ameris Bancorp in the 4th quarter worth $1,585,000. Atria Investments Inc lifted its position 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 acquiring an additional 298 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Ameris Bancorp by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 917,396 shares of the bank's stock valued at $57,401,000 after acquiring an additional 10,256 shares during the period. Finally, Smartleaf Asset Management LLC grew its position 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 valued at $90,000 after purchasing an additional 896 shares during the last quarter. Institutional investors own 91.64% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on ABCB shares. Stephens restated an "equal weight" rating and set a $71.00 target price on shares of Ameris Bancorp in a research note on Friday, January 31st. Keefe, Bruyette & Woods upped their price objective on shares of Ameris Bancorp from $70.00 to $80.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th. Finally, Raymond James reissued an "outperform" rating and set a $71.00 target price (up 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 given a buy rating to the stock. According to data from MarketBeat, Ameris Bancorp currently has an average rating of "Moderate Buy" and an average target price of $70.50.

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Ameris Bancorp Price Performance

NASDAQ:ABCB traded up $0.24 during mid-day trading on Wednesday, hitting $56.53. The company's stock had a trading volume of 262,832 shares, compared to its average volume of 407,052. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 10.85 and a beta of 1.02. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.11. Ameris Bancorp has a fifty-two week low of $44.22 and a fifty-two week high of $74.56. The stock has a fifty day moving average of $63.77 and a 200-day moving average of $64.20.

Ameris Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Tuesday, December 31st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from Ameris Bancorp's previous quarterly dividend of $0.15. Ameris Bancorp's dividend payout ratio (DPR) is 15.36%.

Ameris Bancorp Company 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.