2 weeks Ago By Defense World Staff
Natixis Advisors LLC lowered its holdings in shares of Ameris Bancorp (NASDAQ:ABCB – Free Report) by 4.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 22,544 shares of the bank’s stock after selling 1,055 shares during the period.
Natixis Advisors LLC’s holdings in Ameris Bancorp were worth $1,411,000 as of its most recent filing with the SEC. A number of other institutional investors have also recently bought and sold shares of ABCB. Picton Mahoney Asset Management boosted its stake in shares of Ameris Bancorp by 2,436.
8% during the 4th quarter. Picton Mahoney Asset Management now owns 482 shares of the bank’s stock worth $30,000 after acquiring an additional 463 shares during the period. R Squared Ltd acquired a new stake in Ameris Bancorp during the 4th quarter valued at $51,000.
Blue Trust Inc. boosted its position in Ameris Bancorp by 56.1% during the fourth quarter.
Blue Trust Inc. now owns 1,113 shares of the bank’s stock worth $69,000 after purchasing an additional 400 shares during the period. GAMMA Investing LLC increased its holdings in shares of Ameris Bancorp by 17.
9% in the fourth quarter. GAMMA Investing LLC now owns 1,332 shares of the bank’s stock valued at $83,000 after purchasing an additional 202 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Ameris Bancorp by 167.
5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,431 shares of the bank’s stock valued at $90,000 after purchasing an additional 896 shares during the period. Institutional investors and hedge funds own 91.
64% of the company’s stock. Ameris Bancorp Stock PerformanceShares of NASDAQ:ABCB opened at $59.11 on Wednesday.
The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.
11. Ameris Bancorp has a 12-month low of $44.23 and a 12-month high of $74.
56. The company’s 50 day moving average price is $63.03 and its two-hundred day moving average price is $63.
97. The firm has a market cap of $4.08 billion, a PE ratio of 11.
35 and a beta of 1.02. Ameris Bancorp Dividend AnnouncementThe business also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th.
Shareholders of record on Monday, March 31st will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 31st.
This represents a $0.80 dividend on an annualized basis and a yield of 1.35%.
Ameris Bancorp’s dividend payout ratio (DPR) is presently 15.36%. Analyst Upgrades and DowngradesSeveral analysts recently commented on ABCB shares.
Stephens reaffirmed an “equal weight” rating and set a $71.00 target price on shares of Ameris Bancorp in a report on Friday, January 31st. Raymond James restated an “outperform” rating and set a $71.
00 price objective (up previously from $67.00) on shares of Ameris Bancorp in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods increased their target price 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 investment 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, Ameris Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $70.50.
Get Our Latest Report on ABCBInsider Buying and Selling at Ameris BancorpIn other news, insider Douglas D. Strange bought 1,000 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of $56.
95 per share, with a total value of $56,950.00. Following the acquisition, the insider now directly owns 19,403 shares in the company, valued at $1,105,000.
85. This represents a 5.43 % increase in their ownership of the stock.
The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.50% of the company’s stock.
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.
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