2 weeks Ago By ABMN Staff
Thrivent Financial for Lutherans cut its stake in shares of Ameris Bancorp ( NASDAQ:ABCB – Free Report ) by 2.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,561 shares of the bank’s stock after selling 1,458 shares during the quarter.
Thrivent Financial for Lutherans’ holdings in Ameris Bancorp were worth $2,999,000 at the end of the most recent reporting period. Other hedge funds also recently made changes to their positions in the company. Hsbc Holdings PLC lifted its holdings in Ameris Bancorp by 4,193.
6% during the fourth quarter. Hsbc Holdings PLC now owns 229,408 shares of the bank’s stock valued at $12,163,000 after purchasing an additional 224,065 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Ameris Bancorp by 75.
0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 416,557 shares of the bank’s stock valued at $20,153,000 after buying an additional 178,500 shares in the last quarter. Vanguard Group Inc.
boosted its holdings in Ameris Bancorp by 1.2% in the 1st quarter. Vanguard Group Inc.
now owns 7,560,371 shares of the bank’s stock worth $365,771,000 after buying an additional 92,491 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in Ameris Bancorp in the 1st quarter worth $3,869,000.
Finally, Edgestream Partners L.P. raised its holdings in Ameris Bancorp by 164.
8% during the first quarter. Edgestream Partners L.P.
now owns 119,164 shares of the bank’s stock valued at $5,765,000 after acquiring an additional 74,165 shares during the period. 91.64% of the stock is currently owned by institutional investors.
Analyst Ratings Changes A number of research firms have recently weighed in on ABCB. Stephens upped their price objective on Ameris Bancorp from $52.00 to $64.
00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. DA Davidson increased their price objective on shares of Ameris Bancorp from $61.00 to $76.
00 and gave the company a “buy” rating in a report on Monday, July 29th. Keefe, Bruyette & Woods boosted their target price on shares of Ameris Bancorp from $60.00 to $65.
00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Finally, 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. 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $67.
00. Ameris Bancorp Stock Down 0.2 % NASDAQ ABCB opened at $61.
32 on Monday. The stock has a 50 day moving average price of $59.85 and a 200-day moving average price of $52.
63. Ameris Bancorp has a one year low of $34.26 and a one year high of $65.
40. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.
03 and a current ratio of 1.05. The company has a market capitalization of $4.
24 billion, a P/E ratio of 14.92 and a beta of 1.02.
Ameris Bancorp ( NASDAQ:ABCB – Get Free Report ) last issued its quarterly earnings data on Thursday, July 25th. The bank reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.
14 by $0.03. Ameris Bancorp had a net margin of 19.
28% and a return on equity of 8.97%. The business 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 EPS. As a group, equities analysts predict that Ameris Bancorp will post 4.82 EPS for the current fiscal year.
Ameris Bancorp Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Monday, September 30th will be given a dividend of $0.15 per share.
The ex-dividend date is Monday, September 30th. This represents a $0.60 dividend on an annualized basis and a yield of 0.
98%. Ameris Bancorp’s dividend payout ratio (DPR) is presently 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.
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