Ameris Bancorp (ABCB) Shares Bought by Ameritas Investment Partners Inc.
Ameritas Investment Partners Inc. lifted its holdings in shares of Ameris Bancorp (NASDAQ:ABCB) by 8.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,188 shares of the bank’s stock after acquiring an additional 248 shares during the period. Ameritas Investment Partners Inc.’s holdings in Ameris Bancorp were worth $154,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Riverhead Capital Management LLC raised its position in shares of Ameris Bancorp by 119.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,297 shares of the bank’s stock worth $159,000 after acquiring an additional 1,797 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Ameris Bancorp by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 4,125 shares of the bank’s stock worth $199,000 after acquiring an additional 619 shares in the last quarter. Flinton Capital Management LLC raised its position in shares of Ameris Bancorp by 101.6% during the 2nd quarter. Flinton Capital Management LLC now owns 4,250 shares of the bank’s stock worth $205,000 after acquiring an additional 2,142 shares in the last quarter. Amalgamated Bank acquired a new stake in shares of Ameris Bancorp during the 1st quarter worth about $210,000. Finally, Solaris Asset Management LLC raised its position in shares of Ameris Bancorp by 16.1% during the 2nd quarter. Solaris Asset Management LLC now owns 5,112 shares of the bank’s stock worth $246,000 after acquiring an additional 710 shares in the last quarter. 82.66% of the stock is currently owned by institutional investors and hedge funds.
Ameris Bancorp (NASDAQ:ABCB) opened at $48.10 on Friday. The company has a market capitalization of $1,790.62, a P/E ratio of 19.40 and a beta of 1.19. Ameris Bancorp has a 12-month low of $35.15 and a 12-month high of $51.28. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.07.
Ameris Bancorp (NASDAQ:ABCB) last announced its earnings results on Thursday, October 19th. The bank reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.02). Ameris Bancorp had a net margin of 21.57% and a return on equity of 12.12%. The company had revenue of $93.85 million during the quarter, compared to analysts’ expectations of $96.89 million. equities analysts expect that Ameris Bancorp will post 2.49 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 10th. Shareholders of record on Friday, September 29th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.40 annualized dividend and a dividend yield of 0.83%. Ameris Bancorp’s dividend payout ratio (DPR) is currently 17.62%.
Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reissued a “hold” rating and set a $52.00 target price on shares of Ameris Bancorp in a research report on Thursday, October 26th. Piper Jaffray Companies set a $50.00 target price on Ameris Bancorp and gave the stock a “hold” rating in a research report on Monday, October 23rd. Zacks Investment Research raised Ameris Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Stephens reaffirmed a “buy” rating and set a $52.00 price target on shares of Ameris Bancorp in a research report on Thursday, September 28th. Finally, BidaskClub lowered Ameris Bancorp from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $52.25.
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In related news, Director Leo J. Hill bought 1,000 shares of the stock in a transaction on Thursday, September 7th. The shares were bought at an average cost of $42.75 per share, for a total transaction of $42,750.00. Following the purchase, the director now owns 16,629 shares of the company’s stock, valued at approximately $710,889.75. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 3.63% of the company’s stock.
About Ameris Bancorp
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.
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