2 weeks Ago By ABMN Staff
Vanguard Personalized Indexing Management LLC lessened its position in Ameris Bancorp ( NASDAQ:ABCB – Free Report ) by 3.2% during the second quarter, Holdings Channel reports. The fund owned 5,971 shares of the bank’s stock after selling 198 shares during the quarter.
Vanguard Personalized Indexing Management LLC’s holdings in Ameris Bancorp were worth $301,000 as of its most recent filing with the Securities & Exchange Commission. A number of other large investors have also modified their holdings of ABCB. Vanguard Group Inc.
increased its stake in Ameris Bancorp by 1.2% during the 1st quarter. Vanguard Group Inc.
now owns 7,560,371 shares of the bank’s stock valued at $365,771,000 after buying an additional 92,491 shares during the period. Dimensional Fund Advisors LP increased its stake in Ameris Bancorp by 1.0% during the 2nd quarter.
Dimensional Fund Advisors LP now owns 4,374,719 shares of the bank’s stock valued at $220,263,000 after buying an additional 45,240 shares during the period. Principal Financial Group Inc. increased its stake in Ameris Bancorp by 3.
0% during the 1st quarter. Principal Financial Group Inc. now owns 1,254,903 shares of the bank’s stock valued at $60,712,000 after buying an additional 36,873 shares during the period.
Victory Capital Management Inc. increased its stake in Ameris Bancorp by 1.6% during the 2nd quarter.
Victory Capital Management Inc. now owns 851,240 shares of the bank’s stock valued at $42,860,000 after buying an additional 13,418 shares during the period. Finally, Congress Asset Management Co.
MA increased its stake in Ameris Bancorp by 5.5% during the 1st quarter. Congress Asset Management Co.
MA now owns 767,156 shares of the bank’s stock valued at $37,115,000 after buying an additional 40,323 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.
Analyst Ratings Changes Several research firms have commented on ABCB. Truist Financial raised their target price on shares of Ameris Bancorp from $69.00 to $73.
00 and gave the company a “buy” rating in a research note on Friday, September 20th. Keefe, Bruyette & Woods raised their price objective on shares of Ameris Bancorp from $60.00 to $65.
00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Stephens raised their price objective on shares of Ameris Bancorp from $52.00 to $64.
00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Finally, DA Davidson raised their price objective on shares of Ameris Bancorp from $61.00 to $76.
00 and gave the company a “buy” rating in a research report on Monday, July 29th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.
com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.00. Ameris Bancorp Stock Performance NASDAQ:ABCB opened at $61.
32 on Friday. Ameris Bancorp has a twelve month low of $34.26 and a twelve month high of $65.
40. The company has a current ratio of 1.05, a quick ratio of 1.
03 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average of $59.
85 and a 200-day moving average of $52.58. The firm has a market cap of $4.
24 billion, a price-to-earnings ratio of 14.92 and a beta of 1.02.
Ameris Bancorp ( NASDAQ:ABCB – Get Free Report ) last announced its earnings results on Thursday, July 25th. The bank reported $1.17 EPS for the quarter, topping the consensus estimate of $1.
14 by $0.03. Ameris Bancorp had a net margin of 19.
28% and a return on equity of 8.97%. The company had revenue of $436.
03 million during the quarter, compared to analysts’ expectations of $273.67 million. During the same period last year, the company posted $0.
91 earnings per share. Analysts forecast that Ameris Bancorp will post 4.82 earnings per share for the current fiscal year.
Ameris Bancorp Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Monday, September 30th will be issued a $0.15 dividend.
This represents a $0.60 annualized dividend and a dividend yield of 0.98%.
The ex-dividend date of this dividend is Monday, September 30th. Ameris Bancorp’s payout ratio is 14.60%.
Ameris Bancorp 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.
Further Reading Want to see what other hedge funds are holding ABCB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ameris Bancorp ( NASDAQ:ABCB – Free Report ). Receive News & Ratings for Ameris Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameris Bancorp and related companies with MarketBeat.
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