Ameris Bancorp (NASDAQ:ABCB) Announces Quarterly Dividend of $0.20

Ameris Bancorp (NASDAQ:ABCB) announced a quarterly dividend on Monday, December 15th. Shareholders of record on Wednesday, December 31st will be paid a dividend of 0.20 per share by the bank on Monday, January 5th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Wednesday, December 31st.

Ameris Bancorp has increased its dividend payment by an average of 0.1%annually over the last three years.

Ameris Bancorp Trading Down 0.3%

Shares of NASDAQ:ABCB traded down $0.28 during trading on Tuesday, hitting $78.39. The company had a trading volume of 17,601 shares, compared to its average volume of 428,484. The company has a fifty day simple moving average of $74.03 and a two-hundred day simple moving average of $70.48. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 15.06 and a beta of 1.00. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.02 and a quick ratio of 1.00. Ameris Bancorp has a one year low of $48.27 and a one year high of $78.99.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ABCB. Cetera Investment Advisers grew its stake in Ameris Bancorp by 17.8% during the 1st quarter. Cetera Investment Advisers now owns 4,018 shares of the bank’s stock valued at $231,000 after acquiring an additional 608 shares in the last quarter. HighTower Advisors LLC raised its stake in Ameris Bancorp by 4.4% during the first quarter. HighTower Advisors LLC now owns 9,199 shares of the bank’s stock worth $530,000 after purchasing an additional 384 shares during the period. Russell Investments Group Ltd. raised its stake in Ameris Bancorp by 40.4% during the first quarter. Russell Investments Group Ltd. now owns 52,899 shares of the bank’s stock worth $3,045,000 after purchasing an additional 15,218 shares during the period. Northern Trust Corp boosted its holdings in Ameris Bancorp by 2.9% in the 1st quarter. Northern Trust Corp now owns 731,836 shares of the bank’s stock valued at $42,132,000 after purchasing an additional 20,355 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in shares of Ameris Bancorp in the 1st quarter valued at approximately $609,000. 91.60% of the stock is owned by institutional investors and hedge funds.

Ameris Bancorp Company Profile

Ameris Bancorp operates as the bank holding company for Ameris Bank that provides range of banking services to retail and commercial customers. It operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division, and Premium Finance Division. The company offers commercial and retail checking, regular interest-bearing savings, money market, individual retirement, and certificates of deposit accounts.