De Lisle Partners LLP Acquires New Shares in Ameris Bancorp $ABCB

De Lisle Partners LLP bought a new position in shares of Ameris Bancorp (NASDAQ:ABCB) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 36,935 shares of the bank’s stock, valued at approximately $3,337,000.

Several other large investors also recently made changes to their positions in ABCB. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Ameris Bancorp during the second quarter worth $34,000. Measured Wealth Private Client Group LLC bought a new stake in Ameris Bancorp in the 3rd quarter valued at $45,000. Danske Bank A S acquired a new position in Ameris Bancorp in the 3rd quarter worth $51,000. Allworth Financial LP acquired a new position in Ameris Bancorp in the 2nd quarter worth $67,000. Finally, Torren Management LLC bought a new position in Ameris Bancorp during the 4th quarter worth about $76,000. Institutional investors own 91.60% of the company’s stock.

Wall Street Analysts Forecast Growth

ABCB has been the topic of several recent research reports. Morgan Stanley raised Ameris Bancorp to an “overweight” rating in a research note on Wednesday, June 24th. DA Davidson boosted their target price on Ameris Bancorp from $98.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Raymond James Financial downgraded Ameris Bancorp from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 1st. Piper Sandler decreased their price target on shares of Ameris Bancorp from $96.00 to $92.00 and set a “neutral” rating for the company in a research note on Monday, July 27th. Finally, Stephens set a $88.00 price objective on shares of Ameris Bancorp in a report on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Ameris Bancorp has a consensus rating of “Hold” and a consensus target price of $91.67.

Ameris Bancorp Trading Up 0.0%

Ameris Bancorp stock opened at $86.14 on Friday. The firm has a 50-day moving average of $88.96 and a 200-day moving average of $84.45. Ameris Bancorp has a one year low of $68.80 and a one year high of $93.22. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.02 and a quick ratio of 1.00. The company has a market cap of $5.78 billion, a price-to-earnings ratio of 16.53 and a beta of 0.92.

Ameris Bancorp (NASDAQ:ABCB) last announced its quarterly earnings data on Thursday, July 23rd. The bank reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.66 by ($0.06). The company had revenue of $317.78 million during the quarter, compared to the consensus estimate of $323.78 million. Ameris Bancorp had a net margin of 21.46% and a return on equity of 9.57%. During the same quarter in the previous year, the business earned $1.59 EPS. On average, equities analysts expect that Ameris Bancorp will post 4.99 earnings per share for the current fiscal year.

Ameris Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Tuesday, June 30th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Tuesday, June 30th. Ameris Bancorp’s dividend payout ratio (DPR) is currently 14.47%.

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.