Nilsine Partners LLC Purchases 40,652 Shares of Ameris Bancorp (NASDAQ:ABCB)

Nilsine Partners LLC grew its holdings in Ameris Bancorp (NASDAQ:ABCB - Free Report) by 348.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 52,316 shares of the bank's stock after purchasing an additional 40,652 shares during the period. Nilsine Partners LLC owned approximately 0.08% of Ameris Bancorp worth $3,273,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its stake in shares of Ameris Bancorp by 9.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 907,140 shares of the bank's stock valued at $56,596,000 after buying an additional 79,060 shares during the period. Barclays PLC boosted its holdings in Ameris Bancorp by 107.7% in the third quarter. Barclays PLC now owns 140,001 shares of the bank's stock valued at $8,735,000 after acquiring an additional 72,599 shares during the last quarter. Point72 Asset Management L.P. increased its position in Ameris Bancorp by 135.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 115,194 shares of the bank's stock valued at $7,187,000 after purchasing an additional 66,287 shares during the period. Nisa Investment Advisors LLC raised its holdings in Ameris Bancorp by 2,768.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 68,384 shares of the bank's stock worth $4,292,000 after purchasing an additional 66,000 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Ameris Bancorp by 9.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 728,253 shares of the bank's stock worth $45,436,000 after purchasing an additional 60,448 shares during the period. Institutional investors and hedge funds own 91.64% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ABCB shares. Raymond James upgraded shares of Ameris Bancorp from a "market perform" rating to an "outperform" rating and set a $67.00 price objective for the company in a research report on Monday, October 28th. Stephens reiterated an "equal weight" rating and set a $71.00 price target on shares of Ameris Bancorp in a report on Friday. Keefe, Bruyette & Woods lifted their price objective on Ameris Bancorp from $70.00 to $80.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. StockNews.com upgraded Ameris Bancorp from a "sell" rating to a "hold" rating in a research report on Thursday, October 31st. Finally, Truist Financial lowered their target price on Ameris Bancorp from $73.00 to $68.00 and set a "buy" rating for the company in a report on Monday, October 28th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $69.83.

Ameris Bancorp Stock Down 0.1 %

Shares of NASDAQ ABCB traded down $0.03 during mid-day trading on Friday, reaching $65.54. 684,487 shares of the company's stock traded hands, compared to its average volume of 409,013. Ameris Bancorp has a 1-year low of $44.22 and a 1-year high of $74.56. The business has a 50-day simple moving average of $65.26 and a 200 day simple moving average of $62.98. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.01. The stock has a market cap of $4.53 billion, a P/E ratio of 13.65 and a beta of 1.06.

Ameris Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Tuesday, December 31st. This is a positive change from Ameris Bancorp's previous quarterly dividend of $0.15. Ameris Bancorp's payout ratio is presently 16.67%.

Insider Transactions at Ameris Bancorp

In related news, Director Robert Dale Ezzell sold 8,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $69.91, for a total value of $559,280.00. Following the sale, the director now owns 27,444 shares in the company, valued at approximately $1,918,610.04. This trade represents a 22.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 5.50% of the company's stock.

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.