William Blair Investment Management LLC boosted its position in shares of Ameris Bancorp (NASDAQ:ABCB - Free Report) by 2.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 789,271 shares of the bank's stock after buying an additional 19,150 shares during the quarter. William Blair Investment Management LLC owned approximately 1.14% of Ameris Bancorp worth $49,385,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. Jennison Associates LLC bought a new position in Ameris Bancorp during the 4th quarter valued at approximately $10,856,000. Charles Schwab Investment Management Inc. raised its position 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 worth $56,596,000 after purchasing an additional 79,060 shares during the last quarter. Barclays PLC boosted its stake in 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 in the last quarter. Point72 Asset Management L.P. grew 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 last quarter. Finally, Nisa Investment Advisors LLC increased 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 valued at $4,292,000 after purchasing an additional 66,000 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company's stock.
Ameris Bancorp Stock Performance
Shares of Ameris Bancorp stock traded up $0.26 during trading hours on Friday, reaching $57.69. 999,276 shares of the stock traded hands, compared to its average volume of 433,836. Ameris Bancorp has a one year low of $44.22 and a one year high of $74.56. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 11.07 and a beta of 1.02. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.11. The company has a 50 day moving average price of $63.15 and a 200 day moving average price of $63.97.
Ameris Bancorp Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Monday, March 31st will be given 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 1.39%. Ameris Bancorp's dividend payout ratio (DPR) is presently 15.36%.
Insider Buying and Selling at Ameris Bancorp
In other Ameris Bancorp news, insider Douglas D. Strange bought 1,000 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $56.95 per share, for a total transaction of $56,950.00. Following the completion of the transaction, the insider now owns 19,403 shares of the company's stock, valued at $1,105,000.85. This trade represents a 5.43 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.50% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on ABCB shares. Stephens reiterated an "equal weight" rating and set a $71.00 price target on shares of Ameris Bancorp in a report on Friday, January 31st. Raymond James reiterated an "outperform" rating and set a $71.00 target price (up from $67.00) on shares of Ameris Bancorp in a research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods boosted their price target on Ameris Bancorp from $70.00 to $80.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $70.50.
View Our Latest Analysis on ABCB
Ameris Bancorp Company 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.
Featured Stories
Before you consider Ameris Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ameris Bancorp wasn't on the list.
While Ameris Bancorp currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
