Rep. Josh Gottheimer Sells Ameris Bancorp (NASDAQ:ABCB) Stock

Posted by Sarita Garza on May 16th, 2025

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Ameris Bancorp (NASDAQ:ABCB). In a filing disclosed on May 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Ameris Bancorp stock on April 9th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

Purchased $1,001 – $15,000 in shares of RTX (NYSE:RTX) on 4/23/2025.
Purchased $1,001 – $15,000 in shares of Cheniere Energy (NYSE:LNG) on 4/22/2025.
Purchased $1,001 – $15,000 in shares of Techtronic Industries (OTCMKTS:TTNDY) on 4/21/2025.
Purchased $1,001 – $15,000 in shares of Tri Pointe Homes (NYSE:TPH) on 4/21/2025.
Purchased $1,001 – $15,000 in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) on 4/21/2025.
Sold $1,001 – $15,000 in shares of KKR & Co. Inc. (NYSE:KKR) on 4/21/2025.
Purchased $1,001 – $15,000 in shares of D.R. Horton (NYSE:DHI) on 4/21/2025.
Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 4/21/2025.
Sold $1,001 – $15,000 in shares of Hillman Solutions (NASDAQ:HLMN) on 4/17/2025.
Sold $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 4/17/2025.

Ameris Bancorp Stock Up 0.4%

Shares of NASDAQ ABCB opened at $63.30 on Friday. The stock has a 50 day moving average price of $56.65 and a 200 day moving average price of $62.39. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 12.15 and a beta of 0.91. Ameris Bancorp has a 52-week low of $45.89 and a 52-week high of $74.56. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.00 and a current ratio of 1.02.

Ameris Bancorp (NASDAQ:ABCB – Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The bank reported $1.28 EPS for the quarter, beating the consensus estimate of $1.12 by $0.16. Ameris Bancorp had a return on equity of 9.57% and a net margin of 21.46%. The firm had revenue of $285.86 million for the quarter, compared to analyst estimates of $276.06 million. During the same quarter last year, the firm posted $1.10 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. Sell-side analysts expect that Ameris Bancorp will post 4.99 earnings per share for the current year.

Ameris Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 7th. Stockholders of record on Monday, March 31st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Monday, March 31st. Ameris Bancorp’s dividend payout ratio (DPR) is presently 14.81%.

Institutional Investors Weigh In On Ameris Bancorp

A number of large investors have recently made changes to their positions in ABCB. Picton Mahoney Asset Management raised its stake in shares of Ameris Bancorp by 2,436.8% in the fourth quarter. Picton Mahoney Asset Management now owns 482 shares of the bank’s stock worth $30,000 after purchasing an additional 463 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in Ameris Bancorp during the 4th quarter valued at approximately $37,000. Versant Capital Management Inc increased its stake in shares of Ameris Bancorp by 84.1% in the first quarter. Versant Capital Management Inc now owns 731 shares of the bank’s stock worth $42,000 after acquiring an additional 334 shares during the period. R Squared Ltd purchased a new position in shares of Ameris Bancorp during the fourth quarter worth $51,000. Finally, Blue Trust Inc. lifted its position in Ameris Bancorp by 56.1% during the fourth quarter. Blue Trust Inc. now owns 1,113 shares of the bank’s stock valued at $69,000 after purchasing an additional 400 shares during the period. 91.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ameris Bancorp

In related news, insider Douglas D. Strange bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average cost of $56.95 per share, with a total value of $56,950.00. Following the completion of the acquisition, the insider now directly owns 19,403 shares in the company, valued at approximately $1,105,000.85. The trade was a 5.43% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ABCB has been the topic of several research reports. Piper Sandler Companies lifted their price objective on shares of Ameris Bancorp to $74.00 and gave the company a “buy” rating in a report on Monday, April 7th. Piper Sandler assumed coverage on Ameris Bancorp in a research note on Friday, April 4th. They set an “overweight” rating and a $74.00 price objective for the company. Raymond James cut their target price on Ameris Bancorp from $71.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Finally, Stephens restated an “equal weight” rating and issued a $63.00 price target on shares of Ameris Bancorp in a report on Tuesday, April 29th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.43.

View Our Latest Analysis on ABCB

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

Ameris Bancorp Company Profile

(Get Free Report)

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.