Victory Capital Management Inc. lowered its position in Ameris Bancorp (NASDAQ:ABCB - Free Report) by 0.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 855,546 shares of the bank's stock after selling 7,748 shares during the period. Victory Capital Management Inc. owned 1.24% of Ameris Bancorp worth $53,532,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Jennison Associates LLC acquired a new stake in Ameris Bancorp in the fourth quarter worth $10,856,000. Charles Schwab Investment Management Inc. boosted its position in shares of Ameris Bancorp by 9.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 907,140 shares of the bank's stock worth $56,596,000 after purchasing an additional 79,060 shares in the last quarter. Barclays PLC grew its stake in shares of Ameris Bancorp by 107.7% in the 3rd quarter. Barclays PLC now owns 140,001 shares of the bank's stock valued at $8,735,000 after buying an additional 72,599 shares during the period. Point72 Asset Management L.P. increased its position in Ameris Bancorp by 135.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 115,194 shares of the bank's stock valued at $7,187,000 after buying an additional 66,287 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its stake 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 buying an additional 66,000 shares during the period. 91.64% of the stock is owned by institutional investors.
Ameris Bancorp Stock Down 1.1 %
Shares of ABCB stock traded down $0.62 on Tuesday, hitting $56.24. The stock had a trading volume of 858,084 shares, compared to its average volume of 411,252. Ameris Bancorp has a 12-month low of $44.22 and a 12-month high of $74.56. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 10.79 and a beta of 1.02. The business has a 50 day moving average of $63.90 and a 200 day moving average of $64.24. 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 Increases Dividend
The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.42%. This is an increase from Ameris Bancorp's previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, December 31st. Ameris Bancorp's dividend payout ratio (DPR) is presently 15.36%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on ABCB shares. Keefe, Bruyette & Woods boosted their price objective on Ameris Bancorp from $70.00 to $80.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. Raymond James reissued an "outperform" rating and issued a $71.00 price target (up previously from $67.00) on shares of Ameris Bancorp in a research report on Monday, February 3rd. Finally, Stephens restated an "equal weight" rating and set a $71.00 price objective on shares of Ameris Bancorp in a report on Friday, January 31st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $70.50.
Read 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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