Ameris Bancorp $ABCB Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its position in shares of Ameris Bancorp (NASDAQ:ABCB) by 171.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 84,129 shares of the bank’s stock after buying an additional 53,172 shares during the period. SG Americas Securities LLC’s holdings in Ameris Bancorp were worth $6,248,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ABCB. Salomon & Ludwin LLC acquired a new position in Ameris Bancorp during the 3rd quarter worth about $33,000. Covestor Ltd grew its position in Ameris Bancorp by 51.5% in the 3rd quarter. Covestor Ltd now owns 547 shares of the bank’s stock valued at $40,000 after acquiring an additional 186 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Ameris Bancorp in the 3rd quarter valued at about $45,000. Danske Bank A S purchased a new stake in Ameris Bancorp during the third quarter worth about $51,000. Finally, Aster Capital Management DIFC Ltd lifted its position in shares of Ameris Bancorp by 395.4% during the third quarter. Aster Capital Management DIFC Ltd now owns 748 shares of the bank’s stock worth $55,000 after purchasing an additional 597 shares in the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on ABCB. DA Davidson set a $94.00 price objective on shares of Ameris Bancorp in a research note on Monday, February 2nd. Keefe, Bruyette & Woods increased their target price on shares of Ameris Bancorp from $82.00 to $88.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Stephens raised their price target on shares of Ameris Bancorp from $79.00 to $87.00 and gave the company an “equal weight” rating in a research report on Monday, February 2nd. Finally, Truist Financial boosted their price target on shares of Ameris Bancorp from $83.00 to $86.00 and gave the stock a “hold” rating in a research note on Monday, February 2nd. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $86.50.

Ameris Bancorp Price Performance

Shares of NASDAQ ABCB opened at $78.03 on Wednesday. The stock’s 50-day simple moving average is $79.75 and its 200-day simple moving average is $76.71. The firm has a market capitalization of $5.30 billion, a PE ratio of 14.98 and a beta of 0.97. Ameris Bancorp has a fifty-two week low of $48.27 and a fifty-two week high of $87.98. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.00 and a current ratio of 1.02.

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

Ameris Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Tuesday, March 31st will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, March 31st. Ameris Bancorp’s dividend payout ratio (DPR) is 13.33%.

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.