Rep. Gilbert Ray Cisneros, Jr. Sells Off Shares of Ameris Bancorp (NASDAQ:ABCB)

Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of Ameris Bancorp (NASDAQ:ABCB). In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Ameris Bancorp stock on January 5th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Hermès International Société en commandite par actions (OTCMKTS:HESAF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Tencent (OTC:TCTZF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Xiaomi (OTCMKTS:XIACF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Mitsubishi Heavy Industries (OTCMKTS:MHVYF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Banco Santander (NYSE:SAN) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Leonardo (OTCMKTS:FINMF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Costco Wholesale (NASDAQ:COST) on 1/30/2026.
• Purchased $1,001 – $15,000 in shares of Transdigm Group (NYSE:TDG) on 1/30/2026.
• Purchased $1,001 – $15,000 in shares of Cloudflare (NYSE:NET) on 1/30/2026.
• Purchased $1,001 – $15,000 in shares of AutoZone (NYSE:AZO) on 1/30/2026.

Ameris Bancorp Stock Up 1.1%

NASDAQ ABCB opened at $83.81 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.11. Ameris Bancorp has a 52 week low of $48.27 and a 52 week high of $87.98. The business’s fifty day simple moving average is $79.89 and its 200-day simple moving average is $75.61. The firm has a market cap of $5.73 billion, a PE ratio of 16.09 and a beta of 0.99.

Ameris Bancorp (NASDAQ:ABCB) last issued its earnings results on Thursday, January 29th. The bank reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. Ameris Bancorp had a net margin of 21.46% and a return on equity of 9.57%. The company had revenue of $309.92 million for the quarter, compared to the consensus estimate of $310.48 million. During the same period in the previous year, the firm earned $1.38 earnings per share. As a group, equities analysts anticipate that Ameris Bancorp will post 4.99 earnings per share for the current year.

Ameris Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Wednesday, December 31st were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.0%. Ameris Bancorp’s dividend payout ratio (DPR) is 13.33%.

Institutional Investors Weigh In On Ameris Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the company. Invesco Ltd. boosted its holdings in Ameris Bancorp by 10.2% during the 4th quarter. Invesco Ltd. now owns 1,027,275 shares of the bank’s stock valued at $76,296,000 after acquiring an additional 95,364 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in shares of Ameris Bancorp by 20.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,673 shares of the bank’s stock worth $718,000 after purchasing an additional 1,650 shares in the last quarter. Mendon Capital Advisors Corp lifted its position in shares of Ameris Bancorp by 1.0% during the fourth quarter. Mendon Capital Advisors Corp now owns 25,500 shares of the bank’s stock worth $1,894,000 after purchasing an additional 250 shares in the last quarter. State of Tennessee Department of Treasury boosted its stake in shares of Ameris Bancorp by 23.4% in the fourth quarter. State of Tennessee Department of Treasury now owns 40,103 shares of the bank’s stock valued at $3,233,000 after purchasing an additional 7,613 shares during the period. Finally, EP Wealth Advisors LLC acquired a new position in shares of Ameris Bancorp in the fourth quarter valued at approximately $441,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ABCB shares. Stephens upped their price objective on Ameris Bancorp from $79.00 to $87.00 and gave the company an “equal weight” rating in a report on Monday, February 2nd. Piper Sandler set a $84.00 price target on Ameris Bancorp in a research note on Wednesday, October 29th. Raymond James Financial reiterated an “outperform” rating and set a $80.00 price target (up from $73.00) on shares of Ameris Bancorp in a report on Wednesday, October 29th. Keefe, Bruyette & Woods raised their price objective on Ameris Bancorp from $82.00 to $88.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Finally, Truist Financial upped their target price on shares of Ameris Bancorp from $83.00 to $86.00 and gave the company a “hold” rating in a research report on Monday, February 2nd. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.50.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About Ameris Bancorp

Ameris Bancorp is a bank holding company headquartered in Atlanta, Georgia. Through its principal subsidiary, Ameris Bank, the company offers a broad range of commercial and retail banking services to individuals, small businesses, middle market companies and agricultural customers. Its core business lines encompass deposit services, lending solutions, treasury management, mortgage origination and servicing, insurance products and wealth management.

Ameris Bancorp operates a network of branches and loan production offices across the southeastern United States, including Georgia, Alabama, Florida, North Carolina, South Carolina and Tennessee.