ValuEngine downgraded shares of Ameris Bancorp (NASDAQ:ABCB) from a buy rating to a hold rating in a report released on Thursday morning.

Several other research analysts also recently weighed in on the stock. Keefe, Bruyette & Woods reissued a hold rating and issued a $52.00 target price on shares of Ameris Bancorp in a research report on Thursday, October 26th. Piper Jaffray Companies set a $50.00 target price on shares of Ameris Bancorp and gave the stock a hold rating in a research report on Monday, October 23rd. Zacks Investment Research raised shares of Ameris Bancorp from a sell rating to a hold rating in a research report on Thursday, October 12th. Stephens reissued a buy rating and issued a $52.00 target price on shares of Ameris Bancorp in a research report on Thursday, September 28th. Finally, BidaskClub downgraded shares of Ameris Bancorp from a sell rating to a strong sell rating in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $52.25.

Ameris Bancorp (NASDAQ:ABCB) traded up $0.05 during trading on Thursday, hitting $45.80. 110,300 shares of the stock traded hands, compared to its average volume of 190,684. The stock has a market capitalization of $1,705.18, a P/E ratio of 18.47 and a beta of 1.19. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.07. Ameris Bancorp has a 1-year low of $40.05 and a 1-year high of $51.28.

Ameris Bancorp (NASDAQ:ABCB) last released its earnings results on Thursday, October 19th. The bank reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.02). The firm had revenue of $93.85 million during the quarter, compared to analysts’ expectations of $96.89 million. Ameris Bancorp had a return on equity of 12.12% and a net margin of 21.57%. research analysts predict that Ameris Bancorp will post 2.49 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This article was first published by Daily Political and is owned by of Daily Political. If you are accessing this article on another domain, it was illegally stolen and reposted in violation of international copyright law. The original version of this article can be read at https://www.dailypolitical.com/2017/11/13/ameris-bancorp-abcb-cut-to-hold-at-valuengine.html.

In related news, Director Leo J. Hill purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was acquired at an average cost of $42.75 per share, for a total transaction of $42,750.00. Following the completion of the acquisition, the director now owns 16,629 shares in the company, valued at approximately $710,889.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.63% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Alps Advisors Inc. boosted its holdings in shares of Ameris Bancorp by 0.3% during the second quarter. Alps Advisors Inc. now owns 10,298 shares of the bank’s stock worth $496,000 after purchasing an additional 27 shares during the period. Jennison Associates LLC boosted its holdings in shares of Ameris Bancorp by 0.5% during the second quarter. Jennison Associates LLC now owns 27,731 shares of the bank’s stock worth $1,337,000 after purchasing an additional 136 shares during the period. Amalgamated Bank boosted its holdings in shares of Ameris Bancorp by 4.0% during the second quarter. Amalgamated Bank now owns 4,737 shares of the bank’s stock worth $228,000 after purchasing an additional 183 shares during the period. New York State Teachers Retirement System boosted its holdings in shares of Ameris Bancorp by 1.3% during the first quarter. New York State Teachers Retirement System now owns 15,098 shares of the bank’s stock worth $696,000 after purchasing an additional 200 shares during the period. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of Ameris Bancorp by 1.3% during the second quarter. Louisiana State Employees Retirement System now owns 15,100 shares of the bank’s stock worth $728,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 83.57% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Ameris Bancorp (NASDAQ:ABCB)

Receive News & Ratings for Ameris Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameris Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.