BidaskClub upgraded shares of Ameris Bancorp (NASDAQ:ABCB) from a sell rating to a hold rating in a report released on Wednesday morning.

Several other equities research analysts have also commented on ABCB. Stephens reiterated 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 raised shares of Ameris Bancorp from a sell rating to a hold rating in a research note on Thursday, October 12th. Keefe, Bruyette & Woods raised shares of Ameris Bancorp from a market perform rating to an outperform rating in a research note on Monday, November 20th. Piper Jaffray Companies set a $50.00 target price on shares of Ameris Bancorp and gave the company a hold rating in a research note on Monday, October 23rd. Finally, ValuEngine downgraded shares of Ameris Bancorp from a buy rating to a hold rating in a research note on Thursday, November 9th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $52.25.

Ameris Bancorp (ABCB) traded down $0.10 during trading on Wednesday, hitting $49.00. 227,900 shares of the company traded hands, compared to its average volume of 198,534. Ameris Bancorp has a 1-year low of $41.05 and a 1-year high of $51.30. The company has a quick ratio of 1.04, a current ratio of 1.07 and a debt-to-equity ratio of 1.11. The stock has a market cap of $1,828.04, a price-to-earnings ratio of 19.80 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 consensus estimate of $0.65 by ($0.02). Ameris Bancorp had a return on equity of 12.12% and a net margin of 21.57%. The business had revenue of $93.85 million during the quarter, compared to analysts’ expectations of $96.89 million. research analysts forecast that Ameris Bancorp will post 2.48 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Friday, December 29th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.82%. The ex-dividend date is Thursday, December 28th. Ameris Bancorp’s payout ratio is 17.62%.

In related news, insider James A. Lahaise sold 14,200 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $46.58, for a total value of $661,436.00. Following the completion of the transaction, the insider now owns 73,986 shares of the company’s stock, valued at approximately $3,446,267.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.63% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Alps Advisors Inc. increased its stake in shares of Ameris Bancorp by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 10,298 shares of the bank’s stock valued at $496,000 after acquiring an additional 27 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Ameris Bancorp by 0.5% during the 2nd quarter. Jennison Associates LLC now owns 27,731 shares of the bank’s stock valued at $1,337,000 after acquiring an additional 136 shares during the last quarter. Amalgamated Bank increased its stake in shares of Ameris Bancorp by 4.0% during the 2nd quarter. Amalgamated Bank now owns 4,737 shares of the bank’s stock valued at $228,000 after acquiring an additional 183 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Ameris Bancorp by 8.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,188 shares of the bank’s stock valued at $154,000 after acquiring an additional 248 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in shares of Ameris Bancorp by 1.6% during the 2nd quarter. Arizona State Retirement System now owns 19,400 shares of the bank’s stock valued at $935,000 after acquiring an additional 300 shares during the last quarter. 81.98% of the stock is owned by 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.

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