Dimensional Fund Advisors LP grew its holdings in Ameris Bancorp (NASDAQ:ABCB) by 1.5% during the second quarter, HoldingsChannel.com reports. The firm owned 1,639,172 shares of the bank’s stock after acquiring an additional 24,674 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Ameris Bancorp were worth $87,451,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Optimum Investment Advisors purchased a new stake in Ameris Bancorp in the first quarter worth $116,000. SG Americas Securities LLC purchased a new stake in Ameris Bancorp in the first quarter worth $124,000. SeaCrest Wealth Management LLC purchased a new stake in Ameris Bancorp in the second quarter worth $163,000. Kovack Advisors Inc. purchased a new stake in Ameris Bancorp in the first quarter worth $203,000. Finally, LPL Financial LLC purchased a new stake in Ameris Bancorp in the first quarter worth $279,000. Institutional investors and hedge funds own 78.40% of the company’s stock.

In other news, Director Elizabeth A. Mccague purchased 1,000 shares of the company’s stock in a transaction dated Friday, August 24th. The shares were acquired at an average price of $50.05 per share, with a total value of $50,050.00. Following the transaction, the director now owns 5,226 shares of the company’s stock, valued at $261,561.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Leo J. Hill purchased 2,000 shares of the company’s stock in a transaction dated Thursday, August 2nd. The shares were purchased at an average cost of $48.38 per share, for a total transaction of $96,760.00. Following the transaction, the director now directly owns 18,984 shares in the company, valued at approximately $918,445.92. The disclosure for this purchase can be found here. 3.07% of the stock is currently owned by corporate insiders.

ABCB has been the topic of a number of recent analyst reports. TheStreet lowered Ameris Bancorp from a “b” rating to a “c+” rating in a research note on Friday, August 17th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $61.00 target price on shares of Ameris Bancorp in a research note on Friday, July 27th. Stephens reiterated a “buy” rating and issued a $62.00 target price on shares of Ameris Bancorp in a research note on Friday, July 27th. BidaskClub lowered Ameris Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, July 13th. Finally, Sandler O’Neill reiterated a “hold” rating and issued a $54.00 target price on shares of Ameris Bancorp in a research note on Monday, July 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $58.33.

ABCB opened at $47.30 on Thursday. Ameris Bancorp has a 12-month low of $42.70 and a 12-month high of $59.05. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.01 and a current ratio of 1.03. The firm has a market cap of $2.31 billion, a PE ratio of 17.80 and a beta of 1.08.

Ameris Bancorp (NASDAQ:ABCB) last posted its quarterly earnings results on Friday, July 27th. The bank reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.10). Ameris Bancorp had a return on equity of 10.84% and a net margin of 15.07%. The firm had revenue of $107.31 million for the quarter, compared to the consensus estimate of $108.92 million. equities analysts expect that Ameris Bancorp will post 3.33 EPS for the current year.

Ameris Bancorp Profile

Ameris Bancorp operates as the holding company for Ameris Bank that provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. The company operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, Small Business Administration Division, and Premium Finance Division.

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

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