Shares of Ameris Bancorp (NASDAQ:ABCB) have been assigned a consensus rating of “Hold” from the nine ratings firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $57.40.

Several equities research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Ameris Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, August 1st. Sandler O’Neill reissued a “hold” rating and set a $54.00 price objective on shares of Ameris Bancorp in a research report on Monday, July 30th. Piper Jaffray Companies set a $54.00 price objective on shares of Ameris Bancorp and gave the stock a “hold” rating in a research report on Monday, July 30th. Stephens reissued a “buy” rating and set a $62.00 price objective on shares of Ameris Bancorp in a research report on Friday, July 27th. Finally, ValuEngine downgraded shares of Ameris Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th.

ABCB opened at $42.46 on Monday. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 14.11 and a beta of 1.16. Ameris Bancorp has a twelve month low of $39.34 and a twelve month high of $59.05.

Ameris Bancorp (NASDAQ:ABCB) last posted its earnings results on Friday, October 19th. The bank reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.01. The company had revenue of $129.21 million for the quarter, compared to analyst estimates of $135.44 million. Ameris Bancorp had a net margin of 17.99% and a return on equity of 11.14%. Research analysts predict that Ameris Bancorp will post 3.32 earnings per share for the current year.

In related news, Director Elizabeth A. Mccague acquired 1,000 shares of the stock in a transaction dated Friday, August 24th. The stock was bought at an average price of $50.05 per share, with a total value of $50,050.00. Following the completion of the transaction, the director now directly owns 5,226 shares of the company’s stock, valued at $261,561.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.07% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its position in Ameris Bancorp by 5.5% in the third quarter. BlackRock Inc. now owns 5,892,046 shares of the bank’s stock valued at $269,265,000 after purchasing an additional 308,324 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Ameris Bancorp by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,639,172 shares of the bank’s stock valued at $87,451,000 after purchasing an additional 24,674 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Ameris Bancorp by 18.2% in the third quarter. The Manufacturers Life Insurance Company now owns 1,592,242 shares of the bank’s stock valued at $72,766,000 after purchasing an additional 244,881 shares in the last quarter. Angelo Gordon & CO. L.P. bought a new position in Ameris Bancorp in the second quarter valued at $78,187,000. Finally, NWQ Investment Management Company LLC grew its position in Ameris Bancorp by 50.3% in the third quarter. NWQ Investment Management Company LLC now owns 1,403,449 shares of the bank’s stock valued at $60,840,000 after purchasing an additional 469,897 shares in the last quarter. 77.85% of the stock is owned by institutional investors.

Ameris Bancorp Company 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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Analyst Recommendations for Ameris Bancorp (NASDAQ:ABCB)

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