Ameris Bancorp $ABCB Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC grew its position in Ameris Bancorp (NASDAQ:ABCB) by 171.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,129 shares of the bank’s stock after acquiring an additional 53,172 shares during the quarter. SG Americas Securities LLC owned about 0.12% of Ameris Bancorp worth $6,248,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ABCB. Norges Bank acquired a new stake in shares of Ameris Bancorp in the 2nd quarter worth $53,624,000. Invesco Ltd. boosted its position in shares of Ameris Bancorp by 134.7% during the 3rd quarter. Invesco Ltd. now owns 931,911 shares of the bank’s stock valued at $68,318,000 after acquiring an additional 534,830 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Ameris Bancorp by 98,682.6% during the 3rd quarter. Bessemer Group Inc. now owns 351,666 shares of the bank’s stock valued at $25,780,000 after acquiring an additional 351,310 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Ameris Bancorp by 97.2% in the third quarter. Millennium Management LLC now owns 670,312 shares of the bank’s stock valued at $49,141,000 after purchasing an additional 330,427 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of Ameris Bancorp in the first quarter valued at about $10,528,000. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on ABCB shares. Keefe, Bruyette & Woods lifted their target price on shares of Ameris Bancorp from $82.00 to $88.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Truist Financial increased their price target on shares of Ameris Bancorp from $83.00 to $86.00 and gave the company a “hold” rating in a research note on Monday, February 2nd. DA Davidson set a $94.00 price target on shares of Ameris Bancorp in a report on Monday, February 2nd. Finally, Stephens lifted their price target on shares of Ameris Bancorp from $79.00 to $87.00 and gave the company an “equal weight” rating in a research report on Monday, February 2nd. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Ameris Bancorp has an average rating of “Moderate Buy” and a consensus target price of $86.50.

Ameris Bancorp Stock Up 2.0%

Shares of NASDAQ:ABCB opened at $78.03 on Wednesday. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 14.98 and a beta of 0.97. Ameris Bancorp has a 12-month low of $48.27 and a 12-month high of $87.98. The business has a 50-day moving average price of $79.75 and a 200 day moving average price of $76.71. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.11.

Ameris Bancorp (NASDAQ:ABCB) last posted its earnings results on Thursday, January 29th. The bank reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. Ameris Bancorp had a net margin of 21.46% and a return on equity of 9.57%. The company had revenue of $309.92 million for the quarter, compared to analysts’ expectations of $310.48 million. During the same quarter in the prior year, the company posted $1.38 earnings per share. Sell-side analysts expect that Ameris Bancorp will post 4.99 EPS for the current year.

Ameris Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Tuesday, March 31st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.0%. Ameris Bancorp’s dividend payout ratio (DPR) is presently 13.33%.

Ameris Bancorp Profile

Ameris Bancorp is a bank holding company headquartered in Atlanta, Georgia. Through its principal subsidiary, Ameris Bank, the company offers a broad range of commercial and retail banking services to individuals, small businesses, middle market companies and agricultural customers. Its core business lines encompass deposit services, lending solutions, treasury management, mortgage origination and servicing, insurance products and wealth management.

Ameris Bancorp operates a network of branches and loan production offices across the southeastern United States, including Georgia, Alabama, Florida, North Carolina, South Carolina and Tennessee.