New York State Teachers Retirement System raised its position in shares of Ameris Bancorp (NASDAQ:ABCB) by 1.4% during the fourth quarter, Holdings Channel reports. The firm owned 14,898 shares of the company’s stock after buying an additional 200 shares during the period. New York State Teachers Retirement System’s holdings in Ameris Bancorp were worth $650,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. 1492 Capital Management LLC boosted its stake in Ameris Bancorp by 20.1% in the third quarter. 1492 Capital Management LLC now owns 71,047 shares of the company’s stock worth $2,483,000 after buying an additional 11,899 shares during the period. Ameriprise Financial Inc. boosted its stake in Ameris Bancorp by 4.0% in the third quarter. Ameriprise Financial Inc. now owns 849,918 shares of the company’s stock worth $29,704,000 after buying an additional 32,924 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in Ameris Bancorp by 10.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 915,724 shares of the company’s stock worth $32,005,000 after buying an additional 85,332 shares during the period. 1832 Asset Management L.P. acquired a new stake in Ameris Bancorp during the third quarter worth approximately $982,000. Finally, Comerica Bank boosted its stake in Ameris Bancorp by 12.1% in the fourth quarter. Comerica Bank now owns 71,998 shares of the company’s stock worth $3,114,000 after buying an additional 7,751 shares during the period. Institutional investors and hedge funds own 82.37% of the company’s stock.
Shares of Ameris Bancorp (NASDAQ:ABCB) opened at 44.65 on Tuesday. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 21.47 and a beta of 1.39. The stock has a 50 day moving average price of $46.83 and a 200-day moving average price of $42.11. Ameris Bancorp has a 52 week low of $27.73 and a 52 week high of $49.50.
Ameris Bancorp (NASDAQ:ABCB) last announced its earnings results on Friday, January 20th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.52. Ameris Bancorp had a return on equity of 12.84% and a net margin of 20.91%. On average, analysts anticipate that Ameris Bancorp will post $2.61 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 10th. Investors of record on Friday, March 31st will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.90%. Ameris Bancorp’s dividend payout ratio (DPR) is presently 19.32%.
ABCB has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Ameris Bancorp from a “hold” rating to a “strong-buy” rating and set a $50.00 price objective for the company in a research report on Tuesday, January 3rd. FIG Partners cut Ameris Bancorp from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 20th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $38.50.
Ameris Bancorp Company Profile
Ameris Bancorp is a financial holding company. The Company’s business is conducted through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. The Company operates through four segments: the Banking Division, the Retail Mortgage Division, the Warehouse Lending Division and the SBA Division.
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