2 weeks Ago By ABMN Staff
Russell Investments Group Ltd. lessened its stake in shares of Ameris Bancorp ( NASDAQ:ABCB – Free Report ) by 44.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The firm owned 37,681 shares of the bank’s stock after selling 30,126 shares during the period. Russell Investments Group Ltd. owned 0.
05% of Ameris Bancorp worth $2,358,000 as of its most recent filing with the Securities & Exchange Commission. Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stifel Financial Corp raised its position in shares of Ameris Bancorp by 13.
9% during the 3rd quarter. Stifel Financial Corp now owns 21,107 shares of the bank’s stock valued at $1,317,000 after buying an additional 2,575 shares during the period. Barclays PLC raised its holdings in Ameris Bancorp by 107.
7% in the 3rd quarter. Barclays PLC now owns 140,001 shares of the bank’s stock valued at $8,735,000 after buying an additional 72,599 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Ameris Bancorp during the third quarter valued at about $210,000.
Principal Financial Group Inc. lifted its holdings in shares of Ameris Bancorp by 4.6% in the 3rd quarter.
Principal Financial Group Inc. now owns 1,263,487 shares of the bank’s stock worth $78,829,000 after acquiring an additional 55,473 shares during the last quarter. Finally, JPMorgan Chase & Co.
boosted its position in shares of Ameris Bancorp by 9.1% during the third quarter. JPMorgan Chase & Co.
now owns 728,253 shares of the bank’s stock worth $45,436,000 after buying an additional 60,448 shares during the period. 91.64% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades ABCB has been the subject of several recent research reports. Piper Sandler started coverage on shares of Ameris Bancorp in a research note on Friday, April 4th. They issued an “overweight” rating and a $74.
00 price objective for the company. Piper Sandler Companies lifted their target price on Ameris Bancorp to $74.00 and gave the company a “buy” rating in a report on Monday, April 7th.
Stephens restated an “equal weight” rating and issued a $71.00 price target on shares of Ameris Bancorp in a research note on Friday, January 31st. Finally, Raymond James reaffirmed an “outperform” rating and issued a $71.
00 target price (up from $67.00) on shares of Ameris Bancorp in a research report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company.
Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $73.43.
Insider Buying and Selling In other Ameris Bancorp news, insider Douglas D. Strange purchased 1,000 shares of the stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of $56.
95 per share, for a total transaction of $56,950.00. Following the completion of the transaction, the insider now directly owns 19,403 shares of the company’s stock, 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 SEC, which is available through this hyperlink . Insiders own 5.50% of the company’s stock.
Ameris Bancorp Stock Performance Shares of ABCB opened at $53.10 on Friday. The company has a 50-day simple moving average of $58.
29 and a 200-day simple moving average of $62.85. Ameris Bancorp has a 52-week low of $44.
30 and a 52-week high of $74.56. The company has a quick ratio of 1.
00, a current ratio of 1.02 and a debt-to-equity ratio of 0.11.
The company has a market capitalization of $3.67 billion, a PE ratio of 10.19 and a beta of 0.
87. Ameris Bancorp Announces Dividend The company also recently declared a quarterly dividend, which was paid on Monday, April 7th. Stockholders of record on Monday, March 31st were given a $0.
20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.
51%. The ex-dividend date was Monday, March 31st. Ameris Bancorp’s dividend payout ratio is currently 15.
36%. Ameris Bancorp Profile ( 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. Further Reading Receive News & Ratings for Ameris Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameris Bancorp and related companies with MarketBeat.com's FREE daily email newsletter .
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