Teachers Advisors LLC boosted its position in shares of Ameris Bancorp (NASDAQ:ABCB) by 5.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,142 shares of the bank’s stock after buying an additional 4,120 shares during the period. Teachers Advisors LLC’s holdings in Ameris Bancorp were worth $3,833,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LS Investment Advisors LLC raised its position in shares of Ameris Bancorp by 126.5% in the first quarter. LS Investment Advisors LLC now owns 2,901 shares of the bank’s stock worth $134,000 after buying an additional 1,620 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Ameris Bancorp during the first quarter worth approximately $136,000. Victory Capital Management Inc. raised its position in shares of Ameris Bancorp by 1.6% in the first quarter. Victory Capital Management Inc. now owns 3,506 shares of the bank’s stock worth $162,000 after buying an additional 55 shares in the last quarter. First Interstate Bank raised its position in shares of Ameris Bancorp by 8.8% in the first quarter. First Interstate Bank now owns 3,845 shares of the bank’s stock worth $177,000 after buying an additional 310 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of Ameris Bancorp by 7.4% in the first quarter. State of Alaska Department of Revenue now owns 4,050 shares of the bank’s stock worth $186,000 after buying an additional 280 shares in the last quarter. 84.12% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Ameris Bancorp (NASDAQ:ABCB) opened at 45.85 on Wednesday. The company has a market capitalization of $1.70 billion, a P/E ratio of 19.70 and a beta of 1.27. Ameris Bancorp has a 52-week low of $32.76 and a 52-week high of $51.28. The stock’s 50 day moving average price is $47.15 and its 200-day moving average price is $46.17.

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

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

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A number of research analysts have commented on the company. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $48.00 price objective on shares of Ameris Bancorp in a report on Friday, July 21st. ValuEngine raised Ameris Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub raised Ameris Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Zacks Investment Research raised Ameris Bancorp from a “sell” rating to a “hold” rating in a report on Friday, April 14th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $51.00 price objective on shares of Ameris Bancorp in a report on Friday, April 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $49.33.

In other news, CEO Edwin W. Hortman, Jr. sold 27,459 shares of Ameris Bancorp stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 207,725 shares in the company, valued at $9,698,680.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Cindi H. Lewis sold 3,200 shares of Ameris Bancorp stock in a transaction on Thursday, June 8th. The shares were 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 of the company’s stock, valued at $3,246,588. The disclosure for this sale can be found here. Over the last quarter, insiders bought 1,100 shares of company stock valued at $48,548. 3.63% of the stock is owned by company insiders.

About Ameris Bancorp

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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