BidaskClub downgraded shares of Ameris Bancorp (NASDAQ:ABCB) from a hold rating to a sell rating in a research report report published on Tuesday.

ABCB has been the topic of a number of other reports. Zacks Investment Research raised Ameris Bancorp from a sell rating to a hold rating in a report on Thursday, October 12th. Keefe, Bruyette & Woods raised Ameris Bancorp from a market perform rating to an outperform rating in a report on Monday, November 20th. Piper Jaffray Companies set a $50.00 target price on Ameris Bancorp and gave the stock a hold rating in a report on Monday, October 23rd. ValuEngine lowered Ameris Bancorp from a buy rating to a hold rating in a report on Thursday, November 9th. Finally, Stephens reaffirmed a buy rating and set a $52.00 target price on shares of Ameris Bancorp in a report on Thursday, September 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $52.25.

Ameris Bancorp (NASDAQ:ABCB) traded up $0.45 during trading hours on Tuesday, reaching $47.00. The company had a trading volume of 214,200 shares, compared to its average volume of 194,136. The firm has a market capitalization of $1,733.10, a price-to-earnings ratio of 18.77 and a beta of 1.19. Ameris Bancorp has a 1 year low of $41.05 and a 1 year high of $51.30. The company has a current ratio of 1.07, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11.

Ameris Bancorp (NASDAQ:ABCB) last released its earnings results on Thursday, October 19th. The bank reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). The firm had revenue of $93.85 million for the quarter, compared to analyst estimates of $96.89 million. Ameris Bancorp had a return on equity of 12.12% and a net margin of 21.57%. equities analysts anticipate that Ameris Bancorp will post 2.48 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of ABCB. Municipal Employees Retirement System of Michigan increased its stake in Ameris Bancorp by 9.9% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,770 shares of the bank’s stock worth $423,000 after purchasing an additional 790 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in Ameris Bancorp by 5.0% in the 2nd quarter. Great West Life Assurance Co. Can now owns 53,471 shares of the bank’s stock worth $2,574,000 after purchasing an additional 2,550 shares in the last quarter. Texas Permanent School Fund increased its stake in Ameris Bancorp by 2.1% in the 2nd quarter. Texas Permanent School Fund now owns 27,110 shares of the bank’s stock worth $1,307,000 after purchasing an additional 560 shares in the last quarter. Sei Investments Co. increased its stake in Ameris Bancorp by 4.7% in the 2nd quarter. Sei Investments Co. now owns 37,570 shares of the bank’s stock worth $1,811,000 after purchasing an additional 1,685 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in Ameris Bancorp by 11.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 157,748 shares of the bank’s stock worth $7,604,000 after purchasing an additional 15,743 shares in the last quarter. 82.01% of the stock is currently owned by hedge funds and other institutional investors.

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Ameris Bancorp Company Profile

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.

Analyst Recommendations for Ameris Bancorp (NASDAQ:ABCB)

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