North Reef Capital Management LP lifted its position in shares of Ameris Bancorp (NASDAQ:ABCB – Free Report) by 25.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 3,423,243 shares of the bank’s stock after buying an additional 686,215 shares during the quarter. Ameris Bancorp comprises approximately 9.2% of North Reef Capital Management LP’s investment portfolio, making the stock its 3rd largest position. North Reef Capital Management LP owned about 0.05% of Ameris Bancorp worth $266,979,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted its position in Ameris Bancorp by 0.4% in the 4th quarter. State Street Corp now owns 3,199,365 shares of the bank’s stock valued at $238,250,000 after acquiring an additional 12,475 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Ameris Bancorp by 31.3% in the 4th quarter. Jennison Associates LLC now owns 1,741,214 shares of the bank’s stock worth $129,320,000 after purchasing an additional 414,920 shares in the last quarter. Nuveen LLC raised its stake in shares of Ameris Bancorp by 1.4% in the fourth quarter. Nuveen LLC now owns 1,083,272 shares of the bank’s stock worth $80,455,000 after purchasing an additional 14,735 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Ameris Bancorp by 9.4% in the first quarter. Principal Financial Group Inc. now owns 1,057,347 shares of the bank’s stock worth $82,463,000 after purchasing an additional 90,883 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Ameris Bancorp by 10.2% in the fourth quarter. Invesco Ltd. now owns 1,027,275 shares of the bank’s stock worth $76,296,000 after purchasing an additional 95,364 shares during the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on ABCB shares. Truist Financial increased their price objective on Ameris Bancorp from $89.00 to $92.00 and gave the company a “hold” rating in a research report on Friday, July 10th. Piper Sandler lowered Ameris Bancorp from an “overweight” rating to a “neutral” rating and set a $96.00 target price for the company. in a research report on Sunday, July 12th. Raymond James Financial lowered Ameris Bancorp from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 1st. Morgan Stanley upgraded shares of Ameris Bancorp to an “overweight” rating in a research note on Wednesday, June 24th. Finally, Stephens raised their price target on shares of Ameris Bancorp from $87.00 to $90.00 and gave the company an “equal weight” rating in a report on Monday, April 27th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Ameris Bancorp presently has a consensus rating of “Hold” and an average price target of $92.67.
Ameris Bancorp Price Performance
NASDAQ ABCB opened at $87.38 on Friday. The business’s fifty day moving average price is $87.77 and its 200-day moving average price is $83.27. The stock has a market capitalization of $5.88 billion, a price-to-earnings ratio of 16.77 and a beta of 0.91. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.02 and a quick ratio of 1.00. Ameris Bancorp has a 1-year low of $64.64 and a 1-year high of $93.22.
Ameris Bancorp (NASDAQ:ABCB – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The bank reported $1.60 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.06). Ameris Bancorp had a return on equity of 9.57% and a net margin of 21.46%.The firm had revenue of $317.78 million during the quarter, compared to the consensus estimate of $323.78 million. During the same period in the previous year, the firm earned $1.59 EPS. On average, equities analysts predict that Ameris Bancorp will post 4.99 earnings per share for the current year.
Ameris Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Tuesday, June 30th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, June 30th. Ameris Bancorp’s dividend payout ratio (DPR) is presently 14.47%.
Trending Headlines about Ameris Bancorp
Here are the key news stories impacting Ameris Bancorp this week:
- Positive Sentiment: Management said Ameris expects mid-single-digit loan and deposit growth in 2026, signaling continued balance-sheet expansion and supporting a constructive longer-term outlook. Ameris projects mid-single-digit 2026 loan and deposit growth while expanding into Nashville
- Positive Sentiment: The company’s Q2 call highlighted strong loan growth and profitability, suggesting underlying business momentum remained solid despite the earnings miss. Ameris Bancorp (ABCB) Q2 2026 Earnings Call Highlights: Strong Loan Growth and Profitability …
- Neutral Sentiment: Several post-earnings recaps described the quarter as solid overall, with revenue and EPS roughly in line with year-ago results, but not enough to offset investor concern about the modest shortfall versus estimates. Ameris Bancorp Reports Solid Q2 2026 Results
- Negative Sentiment: Ameris Bancorp reported Q2 EPS of $1.60, below the $1.66 consensus, and revenue of $317.78 million also missed estimates, which is the main reason the stock is being sold off. Ameris Bancorp (ABCB) Misses Q2 Earnings Estimates
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.
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