2 weeks Ago By Defense World Staff
Envestnet Asset Management Inc. decreased its stake in Ameris Bancorp (NASDAQ:ABCB – Free Report) by 10.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.
The firm owned 62,191 shares of the bank’s stock after selling 7,493 shares during the period. Envestnet Asset Management Inc. owned approximately 0.
09% of Ameris Bancorp worth $3,891,000 as of its most recent SEC filing. Other hedge funds also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management grew its holdings in shares of Ameris Bancorp by 2,436.
8% in the 4th quarter. Picton Mahoney Asset Management now owns 482 shares of the bank’s stock worth $30,000 after acquiring an additional 463 shares during the period. R Squared Ltd purchased a new stake in Ameris Bancorp in the 4th quarter valued at approximately $51,000.
Blue Trust Inc. grew its holdings in Ameris Bancorp by 56.1% during the 4th quarter.
Blue Trust Inc. now owns 1,113 shares of the bank’s stock valued at $69,000 after buying an additional 400 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Ameris Bancorp by 17.
9% in the fourth quarter. GAMMA Investing LLC now owns 1,332 shares of the bank’s stock worth $83,000 after acquiring an additional 202 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Ameris Bancorp by 167.
5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,431 shares of the bank’s stock valued at $90,000 after acquiring an additional 896 shares in the last quarter. 91.
64% of the stock is owned by hedge funds and other institutional investors. Insider Buying and Selling at Ameris BancorpIn related news, insider Douglas D. Strange bought 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th.
The stock was purchased at an average cost of $56.95 per share, for a total transaction of $56,950.00.
Following the purchase, the insider now directly owns 19,403 shares in the company, valued at $1,105,000.85. This trade represents a 5.
43 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.
50% of the company’s stock. Ameris Bancorp Stock PerformanceNASDAQ:ABCB opened at $55.52 on Thursday.
The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 10.66 and a beta of 0.
87. Ameris Bancorp has a twelve month low of $45.89 and a twelve month high of $74.
56. The company has a current ratio of 1.02, a quick ratio of 1.
00 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average of $57.
54 and a 200-day moving average of $62.71. Ameris Bancorp Dividend AnnouncementThe business also recently declared a quarterly dividend, which was paid on Monday, April 7th.
Stockholders of record on Monday, March 31st were paid a dividend of $0.20 per share. The ex-dividend date was Monday, March 31st.
This represents a $0.80 annualized dividend and a dividend yield of 1.44%.
Ameris Bancorp’s dividend payout ratio (DPR) is presently 15.36%. Analyst Upgrades and DowngradesA number of research analysts have issued reports on ABCB shares.
Raymond James restated an “outperform” rating and issued a $71.00 target price (up from $67.00) on shares of Ameris Bancorp in a report on Monday, February 3rd.
Stephens reaffirmed an “equal weight” rating and set a $71.00 price target on shares of Ameris Bancorp in a research report on Friday, January 31st. Piper Sandler Companies increased their price target on Ameris Bancorp to $74.
00 and gave the company a “buy” rating in a report on Monday, April 7th. Finally, Piper Sandler initiated coverage on Ameris Bancorp in a report on Friday, April 4th. They set an “overweight” rating and a $74.
00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.
com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.43.Check Out Our Latest Analysis on ABCBAbout Ameris Bancorp (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.Recommended StoriesFive stocks we like better than Ameris BancorpEarnings Per Share Calculator: How to Calculate EPSCan IBM’s Q1 Earnings Spark a Breakout for the Stock?Manufacturing Stocks InvestingS&P 500 and Nasdaq-100 Flashed Death Crosses—Should You Worry?What Do S&P 500 Stocks Tell Investors About the Market? Fundamentally Sound, These 5 Stocks Sold Off Anyway.
