Ameris Bancorp (NASDAQ:ABCB) was upgraded by stock analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a report issued on Monday.

Several other equities research analysts have also weighed in on the company. Zacks Investment Research raised Ameris Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Piper Jaffray Companies set a $48.00 target price on Ameris Bancorp and gave the stock a “hold” rating in a research report on Friday, October 6th. Stephens reissued a “buy” rating and set a $52.00 target price on shares of Ameris Bancorp in a research report on Thursday, September 28th. BidaskClub lowered Ameris Bancorp from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Finally, ValuEngine lowered Ameris Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. 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 stock. The company currently has an average rating of “Hold” and an average target price of $52.25.

Shares of Ameris Bancorp (ABCB) opened at $48.95 on Monday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.07 and a quick ratio of 1.04. The stock has a market capitalization of $1,775.92, a PE ratio of 19.23 and a beta of 1.19. Ameris Bancorp has a 12-month low of $41.05 and a 12-month high of $51.28.

Ameris Bancorp (NASDAQ:ABCB) last posted its quarterly 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). 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 analyst estimates of $96.89 million. equities research analysts expect that Ameris Bancorp will post 2.48 earnings per share for the current fiscal year.

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In other Ameris Bancorp news, Director Leo J. Hill bought 1,000 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were acquired at an average price of $42.75 per share, with a total value of $42,750.00. Following the transaction, the director now owns 16,629 shares of the company’s stock, valued at $710,889.75. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 3.63% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP increased its position in Ameris Bancorp by 19.4% during the third quarter. GSA Capital Partners LLP now owns 43,265 shares of the bank’s stock worth $2,077,000 after buying an additional 7,040 shares during the period. Maltese Capital Management LLC increased its position in Ameris Bancorp by 4.0% during the third quarter. Maltese Capital Management LLC now owns 581,101 shares of the bank’s stock worth $27,893,000 after buying an additional 22,201 shares during the period. Castine Capital Management LLC increased its position in Ameris Bancorp by 8.9% during the third quarter. Castine Capital Management LLC now owns 268,532 shares of the bank’s stock worth $12,890,000 after buying an additional 21,833 shares during the period. Schwab Charles Investment Management Inc. increased its position in Ameris Bancorp by 13.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 178,983 shares of the bank’s stock worth $8,592,000 after buying an additional 21,235 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Ameris Bancorp by 169.9% during the third quarter. JPMorgan Chase & Co. now owns 139,584 shares of the bank’s stock worth $6,687,000 after buying an additional 87,876 shares during the period. 82.71% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Ameris Bancorp (NASDAQ:ABCB)

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