Segall Bryant & Hamill LLC lowered its stake in shares of Ameris Bancorp (NASDAQ:ABCB) by 1.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 368,141 shares of the bank’s stock after selling 7,068 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.99% of Ameris Bancorp worth $17,671,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of ABCB. Vanguard Group Inc. boosted its position in Ameris Bancorp by 2.6% in the second quarter. Vanguard Group Inc. now owns 2,588,877 shares of the bank’s stock valued at $124,784,000 after buying an additional 65,815 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Ameris Bancorp by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,559,197 shares of the bank’s stock valued at $75,154,000 after buying an additional 25,010 shares during the last quarter. State Street Corp boosted its position in Ameris Bancorp by 7.3% in the second quarter. State Street Corp now owns 1,258,947 shares of the bank’s stock valued at $60,687,000 after buying an additional 85,137 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Ameris Bancorp by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 1,217,548 shares of the bank’s stock valued at $58,686,000 after buying an additional 20,713 shares during the last quarter. Finally, Kennedy Capital Management Inc. boosted its position in Ameris Bancorp by 10.6% in the 2nd quarter. Kennedy Capital Management Inc. now owns 609,227 shares of the bank’s stock worth $29,365,000 after purchasing an additional 58,456 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Shares of Ameris Bancorp (NASDAQ:ABCB) opened at $47.60 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.07 and a quick ratio of 1.04. Ameris Bancorp has a 52-week low of $41.05 and a 52-week high of $51.30. The company has a market capitalization of $1,801.98, a P/E ratio of 19.52 and a beta of 1.19.

Ameris Bancorp (NASDAQ:ABCB) last released its quarterly earnings data on Thursday, October 19th. The bank reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.02). The company had revenue of $93.85 million during the quarter, compared to analysts’ expectations of $96.89 million. Ameris Bancorp had a return on equity of 12.12% and a net margin of 21.57%. sell-side analysts forecast that Ameris Bancorp will post 2.48 earnings per share for the current year.

Several equities research analysts have commented on ABCB shares. Stephens restated a “buy” rating and issued a $52.00 price objective on shares of Ameris Bancorp in a research report on Thursday, September 28th. Zacks Investment Research upgraded Ameris Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. ValuEngine lowered Ameris Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $52.00 price objective on shares of Ameris Bancorp in a research report on Thursday, October 26th. Finally, Piper Jaffray Companies set a $50.00 price objective on Ameris Bancorp and gave the stock a “hold” rating in a research report on Monday, October 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $52.25.

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Ameris Bancorp 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.

Institutional Ownership by Quarter for Ameris Bancorp (NASDAQ:ABCB)

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