Employees Retirement System of Texas maintained its stake in Ameris Bancorp (NASDAQ:ABCB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,000 shares of the bank’s stock at the end of the 2nd quarter. Employees Retirement System of Texas owned about 0.12% of Ameris Bancorp worth $2,073,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently made changes to their positions in ABCB. Ameritas Investment Partners Inc. bought a new stake in Ameris Bancorp in the first quarter valued at $136,000. Riverhead Capital Management LLC grew its holdings in shares of Ameris Bancorp by 119.8% during the second quarter. Riverhead Capital Management LLC now owns 3,297 shares of the bank’s stock worth $159,000 after purchasing an additional 1,797 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Ameris Bancorp by 1.6% during the first quarter. Victory Capital Management Inc. now owns 3,506 shares of the bank’s stock worth $162,000 after purchasing an additional 55 shares during the last quarter. Amalgamated Bank bought a new stake in shares of Ameris Bancorp during the first quarter worth $210,000. Finally, Solaris Asset Management LLC grew its holdings in shares of Ameris Bancorp by 16.1% during the second quarter. Solaris Asset Management LLC now owns 5,112 shares of the bank’s stock worth $246,000 after purchasing an additional 710 shares during the last quarter. Hedge funds and other institutional investors own 82.41% of the company’s stock.
ABCB has been the topic of several research analyst reports. Stephens restated a “buy” rating and set a $54.00 target price on shares of Ameris Bancorp in a report on Friday, July 21st. Zacks Investment Research upgraded Ameris Bancorp from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Piper Jaffray Companies restated a “hold” rating and set a $48.00 target price on shares of Ameris Bancorp in a report on Friday, July 21st. BidaskClub upgraded Ameris Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $51.00 target price on shares of Ameris Bancorp in a report on Monday, June 26th. One research analyst has rated the stock with a sell rating, four have given 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 price target of $51.50.
In other Ameris Bancorp news, Director Leo J. Hill purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were bought at an average price of $42.75 per share, for a total transaction of $42,750.00. Following the purchase, the director now owns 16,629 shares in the company, valued at approximately $710,889.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.63% of the company’s stock.
Shares of Ameris Bancorp (NASDAQ:ABCB) opened at 50.70 on Thursday. The company has a market cap of $1.88 billion, a PE ratio of 21.78 and a beta of 1.30. Ameris Bancorp has a one year low of $35.01 and a one year high of $51.28. The stock’s 50 day moving average price is $45.48 and its 200 day moving average price is $45.86.
Ameris Bancorp (NASDAQ:ABCB) last issued its quarterly earnings results on Friday, July 21st. The bank reported $0.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.02). Ameris Bancorp had a net margin of 22.66% and a return on equity of 12.52%. The business had revenue of $91.35 million during the quarter, compared to the consensus estimate of $92.71 million. Equities analysts predict that Ameris Bancorp will post $2.53 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 10th. Stockholders of record on Friday, September 29th were paid a $0.10 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.40 annualized dividend and a dividend yield of 0.79%. Ameris Bancorp’s payout ratio is 17.09%.
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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