Ameris Bancorp (NASDAQ:ABCB) COO Dennis J. Zember, Jr. sold 5,000 shares of Ameris Bancorp stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $54.81, for a total value of $274,050.00. Following the completion of the transaction, the chief operating officer now directly owns 156,063 shares in the company, valued at $8,553,813.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Ameris Bancorp (NASDAQ:ABCB) opened at $54.25 on Friday. Ameris Bancorp has a 12 month low of $41.05 and a 12 month high of $56.85. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $2,019.78, a P/E ratio of 21.79 and a beta of 1.24.

Ameris Bancorp (NASDAQ:ABCB) last issued its quarterly earnings results on Friday, January 26th. The bank reported $0.63 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.63. Ameris Bancorp had a return on equity of 11.73% and a net margin of 18.44%. The firm had revenue of $89.90 million for the quarter, compared to analyst estimates of $96.28 million. During the same period in the previous year, the firm earned $0.63 earnings per share. The company’s revenue was up 3.1% compared to the same quarter last year. equities research analysts anticipate that Ameris Bancorp will post 3.49 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Friday, December 29th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Thursday, December 28th. Ameris Bancorp’s dividend payout ratio (DPR) is presently 20.10%.

A number of institutional investors and hedge funds have recently modified their holdings of ABCB. Oak Ridge Investments LLC lifted its stake in Ameris Bancorp by 228.9% in the third quarter. Oak Ridge Investments LLC now owns 542,628 shares of the bank’s stock valued at $26,046,000 after buying an additional 377,628 shares during the period. Boston Partners acquired a new position in Ameris Bancorp in the fourth quarter valued at approximately $5,817,000. JPMorgan Chase & Co. lifted its stake in Ameris Bancorp by 169.9% in the third quarter. JPMorgan Chase & Co. now owns 139,584 shares of the bank’s stock valued at $6,687,000 after buying an additional 87,876 shares during the period. State Street Corp lifted its stake 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 period. Finally, Vanguard Group Inc. lifted its stake 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 period. 81.78% of the stock is currently owned by hedge funds and other institutional investors.

ABCB has been the topic of a number of recent analyst reports. ValuEngine lowered Ameris Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Zacks Investment Research lowered Ameris Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Piper Jaffray Companies set a $50.00 price objective on Ameris Bancorp and gave the stock a “hold” rating in a research note on Monday, October 23rd. BidaskClub lowered Ameris Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $52.00 price objective on shares of Ameris Bancorp in a research note on Thursday, October 26th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $55.33.

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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.

Insider Buying and Selling by Quarter for Ameris Bancorp (NASDAQ:ABCB)

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