Shares of Ameris Bancorp (NASDAQ:ABCB) reached a new 52-week high during trading on Tuesday . The stock traded as high as $54.00 and last traded at $53.80, with a volume of 92400 shares changing hands. The stock had previously closed at $53.85.

Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Keefe, Bruyette & Woods upgraded shares of Ameris Bancorp from a “market perform” rating to an “outperform” rating in a research report on Monday, November 20th. BidaskClub upgraded shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Piper Jaffray Companies set a $50.00 price target on shares of Ameris Bancorp and gave the company a “hold” rating in a research report on Monday, October 23rd. Finally, ValuEngine lowered shares of Ameris Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $53.00.

The company has a market capitalization of $2,000.00, a PE ratio of 23.91 and a beta of 1.20. The company has a quick ratio of 1.04, a current ratio of 1.07 and a debt-to-equity ratio of 1.11.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Friday, December 29th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.74%. Ameris Bancorp’s dividend payout ratio (DPR) is currently 17.78%.

In related news, insider James A. Lahaise sold 14,200 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $46.58, for a total transaction of $661,436.00. Following the sale, the insider now owns 73,986 shares in the company, valued at $3,446,267.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.63% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Amalgamated Bank raised its stake in 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. Ameritas Investment Partners Inc. raised its stake in Ameris Bancorp by 8.4% during the second quarter. Ameritas Investment Partners Inc. now owns 3,188 shares of the bank’s stock worth $154,000 after purchasing an additional 248 shares during the period. California Public Employees Retirement System raised its stake in Ameris Bancorp by 0.8% during the second quarter. California Public Employees Retirement System now owns 47,600 shares of the bank’s stock worth $2,294,000 after purchasing an additional 400 shares during the period. Nationwide Fund Advisors raised its stake in Ameris Bancorp by 2.2% during the second quarter. Nationwide Fund Advisors now owns 20,617 shares of the bank’s stock worth $994,000 after purchasing an additional 438 shares during the period. Finally, Profund Advisors LLC raised its stake in Ameris Bancorp by 9.1% during the second quarter. Profund Advisors LLC now owns 7,195 shares of the bank’s stock worth $347,000 after purchasing an additional 600 shares during the period. Hedge funds and other institutional investors own 81.99% of the company’s stock.

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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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