IFP Advisors Inc maintained its position in Ameris Bancorp (NASDAQ:ABCB) during the second quarter, Holdings Channel reports. The institutional investor owned 24,339 shares of the bank’s stock at the end of the second quarter. IFP Advisors Inc’s holdings in Ameris Bancorp were worth $1,173,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of ABCB. BlackRock Inc. boosted its position in Ameris Bancorp by 83,097.4% in the first quarter. BlackRock Inc. now owns 4,668,206 shares of the bank’s stock worth $215,205,000 after buying an additional 4,662,595 shares during the period. Vanguard Group Inc. boosted its position in Ameris Bancorp by 47.6% in the first quarter. Vanguard Group Inc. now owns 2,523,062 shares of the bank’s stock worth $116,312,000 after buying an additional 813,184 shares during the period. Dimensional Fund Advisors LP boosted its position in Ameris Bancorp by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,534,187 shares of the bank’s stock worth $70,726,000 after buying an additional 55,506 shares during the period. State Street Corp boosted its position in Ameris Bancorp by 20.1% in the first quarter. State Street Corp now owns 1,173,810 shares of the bank’s stock worth $54,115,000 after buying an additional 196,240 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Ameris Bancorp by 5.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,092,739 shares of the bank’s stock worth $50,375,000 after buying an additional 61,172 shares during the period. 84.12% of the stock is owned by institutional investors.

Ameris Bancorp (ABCB) opened at 45.65 on Wednesday. Ameris Bancorp has a one year low of $32.76 and a one year high of $51.28. The firm has a market cap of $1.70 billion, a PE ratio of 19.61 and a beta of 1.27. The firm has a 50-day moving average price of $47.15 and a 200-day moving average price of $46.17.

Ameris Bancorp (NASDAQ:ABCB) last issued its quarterly earnings results on Friday, July 21st. The bank reported $0.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.02. Ameris Bancorp had a return on equity of 12.52% and a net margin of 22.66%. The firm had revenue of $91.35 million for the quarter, compared to the consensus estimate of $92.71 million. On average, equities analysts expect that Ameris Bancorp will post $2.55 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 10th. Shareholders of record on Friday, June 30th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Wednesday, June 28th. Ameris Bancorp’s dividend payout ratio (DPR) is currently 17.09%.

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A number of equities analysts have issued reports on ABCB shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $51.00 target price on shares of Ameris Bancorp in a report on Wednesday, May 24th. Zacks Investment Research raised Ameris Bancorp from a “sell” rating to a “hold” rating in a report on Friday, April 28th. Stephens reaffirmed a “buy” rating and issued a $52.00 target price on shares of Ameris Bancorp in a report on Friday, April 21st. BidaskClub cut Ameris Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, SunTrust Banks, Inc. raised Ameris Bancorp from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Wednesday, April 26th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Ameris Bancorp presently has an average rating of “Hold” and a consensus price target of $49.33.

In other news, CEO Edwin W. Hortman, Jr. sold 27,459 shares of Ameris Bancorp stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $46.69, for a total value of $1,282,060.71. Following the transaction, the chief executive officer now owns 207,725 shares in the company, valued at $9,698,680.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Cindi H. Lewis sold 3,200 shares of Ameris Bancorp stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $46.00, for a total value of $147,200.00. Following the completion of the transaction, the chief accounting officer now owns 70,578 shares in the company, valued at approximately $3,246,588. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 1,100 shares of company stock valued at $48,548. Corporate insiders own 3.63% of the company’s stock.

Ameris Bancorp Company Profile

Ameris Bancorp is a financial holding company. The Company’s business is conducted through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. The Company operates through four segments: the Banking Division, the Retail Mortgage Division, the Warehouse Lending Division and the SBA Division.

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Institutional Ownership by Quarter for Ameris Bancorp (NASDAQ:ABCB)

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