4,992 Shares in Ameris Bancorp (NASDAQ:ABCB) Purchased by LMR Partners LLP

LMR Partners LLP purchased a new stake in Ameris Bancorp (NASDAQ:ABCB) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,992 shares of the bank’s stock, valued at approximately $311,000.

A number of other hedge funds have also recently bought and sold shares of ABCB. Victory Capital Management Inc. boosted its stake in shares of Ameris Bancorp by 1.6% during the 2nd quarter. Victory Capital Management Inc. now owns 851,240 shares of the bank’s stock valued at $42,860,000 after buying an additional 13,418 shares during the last quarter. Choreo LLC bought a new position in Ameris Bancorp during the 2nd quarter valued at $1,059,000. Sequoia Financial Advisors LLC acquired a new position in Ameris Bancorp during the 3rd quarter worth $233,000. Blue Trust Inc. grew its holdings in Ameris Bancorp by 249.5% during the 3rd quarter. Blue Trust Inc. now owns 713 shares of the bank’s stock worth $44,000 after acquiring an additional 509 shares in the last quarter. Finally, Independent Advisor Alliance increased its position in shares of Ameris Bancorp by 0.8% in the 2nd quarter. Independent Advisor Alliance now owns 2,533,580 shares of the bank’s stock worth $127,566,000 after purchasing an additional 19,287 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Analyst Ratings Changes

ABCB has been the subject of a number of research reports. Truist Financial decreased their price target on Ameris Bancorp from $73.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Stephens lifted their target price on Ameris Bancorp from $64.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Keefe, Bruyette & Woods upped their price target on Ameris Bancorp from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. DA Davidson lifted their price objective on shares of Ameris Bancorp from $61.00 to $76.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Finally, StockNews.com upgraded shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Ameris Bancorp has an average rating of “Moderate Buy” and a consensus target price of $66.67.

Ameris Bancorp Trading Down 0.9 %

Shares of NASDAQ ABCB opened at $68.07 on Thursday. Ameris Bancorp has a 12-month low of $41.00 and a 12-month high of $72.68. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 14.18 and a beta of 1.01. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock’s 50 day simple moving average is $63.96 and its 200 day simple moving average is $57.26.

Ameris Bancorp (NASDAQ:ABCB) last issued its earnings results on Thursday, October 24th. The bank reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.13. Ameris Bancorp had a return on equity of 9.18% and a net margin of 20.08%. The firm had revenue of $424.86 million for the quarter, compared to analyst estimates of $290.60 million. During the same period last year, the company earned $1.16 earnings per share. Equities research analysts expect that Ameris Bancorp will post 4.83 EPS for the current year.

Ameris Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 30th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Monday, September 30th. Ameris Bancorp’s payout ratio is 12.50%.

Insider Buying and Selling at Ameris Bancorp

In other Ameris Bancorp news, Director Robert Dale Ezzell sold 8,000 shares of Ameris Bancorp stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $69.91, for a total transaction of $559,280.00. Following the sale, the director now owns 27,444 shares of the company’s stock, valued at $1,918,610.04. The trade was a 22.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.50% of the stock is currently owned by company insiders.

About Ameris Bancorp

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.