Ameris Bancorp (NASDAQ:ABCB) Shares Acquired by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE increased its stake in Ameris Bancorp (NASDAQ:ABCB) by 5.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,442 shares of the bank’s stock after acquiring an additional 6,168 shares during the period. Congress Wealth Management LLC DE owned approximately 0.18% of Ameris Bancorp worth $7,849,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ABCB. Oppenheimer Asset Management Inc. raised its position in Ameris Bancorp by 4.5% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 3,880 shares of the bank’s stock valued at $243,000 after purchasing an additional 167 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Ameris Bancorp by 17.9% during the fourth quarter. GAMMA Investing LLC now owns 1,332 shares of the bank’s stock worth $83,000 after buying an additional 202 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in Ameris Bancorp by 4.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,174 shares of the bank’s stock valued at $324,000 after acquiring an additional 238 shares in the last quarter. Savant Capital LLC lifted its stake in Ameris Bancorp by 3.8% in the fourth quarter. Savant Capital LLC now owns 7,371 shares of the bank’s stock worth $461,000 after acquiring an additional 267 shares during the last quarter. Finally, Atria Investments Inc grew its holdings in Ameris Bancorp by 3.4% during the 4th quarter. Atria Investments Inc now owns 9,124 shares of the bank’s stock worth $571,000 after acquiring an additional 298 shares in the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ameris Bancorp

In other Ameris Bancorp news, insider Douglas D. Strange purchased 1,000 shares of Ameris Bancorp stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $56.95 per share, for a total transaction of $56,950.00. Following the transaction, 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 document filed with the SEC, which is accessible through the SEC website. 5.50% of the stock is owned by company insiders.

Ameris Bancorp Stock Performance

Shares of ABCB stock opened at $59.11 on Wednesday. The stock’s 50-day moving average is $63.03 and its two-hundred day moving average is $63.97. 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 has a 1 year low of $44.23 and a 1 year high of $74.56. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 11.35 and a beta of 1.02.

Ameris Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Monday, March 31st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Monday, March 31st. Ameris Bancorp’s dividend payout ratio (DPR) is 15.36%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ABCB shares. Raymond James restated an “outperform” rating and issued a $71.00 price objective (up from $67.00) on shares of Ameris Bancorp in a report on Monday, February 3rd. 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, Keefe, Bruyette & Woods upped their price objective on Ameris Bancorp from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $70.50.

Ameris Bancorp Profile

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.