Ameris Bancorp (NASDAQ:ABCB) Shares Purchased by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB boosted its holdings in Ameris Bancorp (NASDAQ:ABCB) by 6.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 38,052 shares of the bank’s stock after buying an additional 2,200 shares during the period. E. Ohman J or Asset Management AB owned approximately 0.06% of Ameris Bancorp worth $2,374,000 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 the business. GAMMA Investing LLC grew its stake in Ameris Bancorp by 38.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,130 shares of the bank’s stock worth $71,000 after buying an additional 311 shares during the last quarter. CWM LLC increased its holdings in shares of Ameris Bancorp by 33.5% in the 2nd quarter. CWM LLC now owns 1,310 shares of the bank’s stock worth $66,000 after acquiring an additional 329 shares during the period. Arizona State Retirement System lifted its position in Ameris Bancorp by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 18,359 shares of the bank’s stock valued at $924,000 after purchasing an additional 331 shares during the last quarter. Blue Trust Inc. boosted its stake in Ameris Bancorp by 249.5% during the 3rd quarter. Blue Trust Inc. now owns 713 shares of the bank’s stock valued at $44,000 after purchasing an additional 509 shares during the period. Finally, Texas Permanent School Fund Corp grew its position in Ameris Bancorp by 1.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 56,626 shares of the bank’s stock worth $2,740,000 after purchasing an additional 554 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on ABCB shares. Stephens raised their price target on shares of Ameris Bancorp from $52.00 to $64.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Truist Financial raised their target price on Ameris Bancorp from $69.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Keefe, Bruyette & Woods boosted their price target on Ameris Bancorp from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. DA Davidson increased their price target on Ameris Bancorp from $61.00 to $76.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Finally, StockNews.com cut shares of Ameris Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $67.00.

Ameris Bancorp Stock Down 2.8 %

Shares of ABCB stock opened at $61.25 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.03 and a current ratio of 1.05. The stock has a market cap of $4.23 billion, a PE ratio of 14.90 and a beta of 1.01. The business’s fifty day moving average is $61.54 and its 200-day moving average is $54.69. Ameris Bancorp has a 1 year low of $34.76 and a 1 year high of $66.51.

Ameris Bancorp (NASDAQ:ABCB) last released its earnings results on Thursday, October 24th. The bank reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.13. Ameris Bancorp had a return on equity of 8.97% and a net margin of 19.28%. The firm had revenue of $424.86 million for the quarter, compared to analyst estimates of $290.60 million. During the same period in the previous year, the company earned $1.16 earnings per share. Equities analysts expect that Ameris Bancorp will post 4.82 earnings per share for the current fiscal year.

Ameris Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were issued a $0.15 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.98%. Ameris Bancorp’s payout ratio is currently 14.60%.

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.