LS Investment Advisors LLC continued to hold its stake in Ameris Bancorp (NASDAQ:ABCB) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,901 shares of the bank’s stock at the end of the second quarter. LS Investment Advisors LLC’s holdings in Ameris Bancorp were worth $140,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. State of Alaska Department of Revenue raised its stake in Ameris Bancorp by 80.9% in the second quarter. State of Alaska Department of Revenue now owns 7,327 shares of the bank’s stock valued at $353,000 after buying an additional 3,277 shares during the last quarter. Fisher Asset Management LLC raised its stake in Ameris Bancorp by 32.0% in the second quarter. Fisher Asset Management LLC now owns 109,112 shares of the bank’s stock valued at $5,259,000 after buying an additional 26,443 shares during the last quarter. GW&K Investment Management LLC raised its stake in Ameris Bancorp by 12.8% in the second quarter. GW&K Investment Management LLC now owns 827,458 shares of the bank’s stock valued at $39,883,000 after buying an additional 93,985 shares during the last quarter. Family Legacy Inc. raised its stake in Ameris Bancorp by 8.7% in the second quarter. Family Legacy Inc. now owns 11,870 shares of the bank’s stock valued at $572,000 after buying an additional 950 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake 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 valued at $50,375,000 after buying an additional 61,172 shares during the last quarter. 84.12% of the stock is owned by institutional investors and hedge funds.

Shares of Ameris Bancorp (NASDAQ:ABCB) traded down 1.90% during midday trading on Thursday, hitting $44.00. The company had a trading volume of 22,134 shares. Ameris Bancorp has a 12 month low of $32.35 and a 12 month high of $51.28. The company has a 50-day moving average of $46.96 and a 200-day moving average of $46.27. The company has a market capitalization of $1.64 billion, a PE ratio of 18.90 and a beta of 1.27.

Ameris Bancorp (NASDAQ:ABCB) last posted its earnings results on Friday, July 21st. The bank reported $0.63 EPS for the quarter, missing the consensus estimate of $0.65 by $0.02. The business 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%. Analysts predict that Ameris Bancorp will post $2.55 earnings per share for the current year.

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Several research firms have recently issued reports on ABCB. BidaskClub lowered Ameris Bancorp from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Zacks Investment Research lowered Ameris Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $48.00 price objective on shares of Ameris Bancorp in a research note on Friday, July 21st. Stephens reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Ameris Bancorp in a research note on Friday, July 21st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $51.00 price objective on shares of Ameris Bancorp in a research note on Monday, June 26th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $49.33.

In related news, CEO Edwin W. Hortman, Jr. sold 27,459 shares of the 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 transaction, the chief executive officer now owns 207,725 shares of the company’s stock, valued at $9,698,680.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Cindi H. Lewis sold 3,200 shares of the 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 directly owns 70,578 shares in the company, valued at approximately $3,246,588. The disclosure for this sale can be found here. Insiders purchased 1,100 shares of company stock worth $48,548 in the last three months. 3.63% of the stock is currently owned by corporate 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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