Segall Bryant & Hamill LLC raised its holdings in shares of Ameris Bancorp (NASDAQ:ABCB - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 697,323 shares of the bank's stock after buying an additional 28,131 shares during the quarter. Segall Bryant & Hamill LLC owned about 1.01% of Ameris Bancorp worth $43,632,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Jennison Associates LLC acquired a new stake in Ameris Bancorp in the 4th quarter valued at $10,856,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Ameris Bancorp by 9.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 907,140 shares of the bank's stock valued at $56,596,000 after purchasing an additional 79,060 shares in the last quarter. Barclays PLC grew its holdings in shares of Ameris Bancorp by 107.7% in the 3rd quarter. Barclays PLC now owns 140,001 shares of the bank's stock worth $8,735,000 after purchasing an additional 72,599 shares during the last quarter. Point72 Asset Management L.P. increased its position in shares of Ameris Bancorp by 135.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 115,194 shares of the bank's stock worth $7,187,000 after purchasing an additional 66,287 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted 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 valued at $4,292,000 after purchasing an additional 66,000 shares during the last quarter. 91.64% of the stock is owned by institutional investors.
Ameris Bancorp Trading Down 2.1 %
Shares of ABCB stock traded down $1.22 on Friday, reaching $57.13. 270,241 shares of the stock were exchanged, compared to its average volume of 372,862. 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 one year low of $44.23 and a one year high of $74.56. The stock has a market cap of $3.95 billion, a PE ratio of 10.97 and a beta of 1.02. The stock has a 50 day moving average price of $62.67 and a 200 day moving average price of $63.91.
Ameris Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 1.40%. Ameris Bancorp's dividend payout ratio is currently 15.36%.
Insider Buying and Selling at Ameris Bancorp
In other Ameris Bancorp news, insider Douglas D. Strange purchased 1,000 shares of the company's stock in a transaction that occurred on 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 completion of the purchase, the insider now directly owns 19,403 shares in the company, valued at approximately $1,105,000.85. This represents a 5.43 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.50% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the company. Stephens restated an "equal weight" rating and set a $71.00 price target on shares of Ameris Bancorp in a research report on Friday, January 31st. Raymond James restated an "outperform" rating and set a $71.00 target price (up previously from $67.00) on shares of Ameris Bancorp in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods raised their target price on Ameris Bancorp from $70.00 to $80.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $70.50.
View Our Latest Report on ABCB
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.
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