Nilsine Partners LLC lifted its holdings in shares of Ameris Bancorp (NASDAQ:ABCB – Free Report) by 348.5% during the 4th quarter, Holdings Channel reports. The firm owned 52,316 shares of the bank’s stock after purchasing an additional 40,652 shares during the quarter. Nilsine Partners LLC’s holdings in Ameris Bancorp were worth $3,273,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its stake in Ameris Bancorp by 9.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 907,140 shares of the bank’s stock valued at $56,596,000 after buying an additional 79,060 shares during the period. Barclays PLC lifted its position in shares of Ameris Bancorp by 107.7% during the 3rd quarter. Barclays PLC now owns 140,001 shares of the bank’s stock valued at $8,735,000 after acquiring an additional 72,599 shares during the period. Point72 Asset Management L.P. lifted its position in shares of Ameris Bancorp by 135.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 115,194 shares of the bank’s stock valued at $7,187,000 after acquiring an additional 66,287 shares during the period. Nisa Investment Advisors LLC grew its holdings in Ameris Bancorp by 2,768.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 68,384 shares of the bank’s stock worth $4,292,000 after purchasing an additional 66,000 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Ameris Bancorp by 9.1% during the third quarter. JPMorgan Chase & Co. now owns 728,253 shares of the bank’s stock valued at $45,436,000 after purchasing an additional 60,448 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.
Ameris Bancorp Stock Up 1.0 %
ABCB stock opened at $65.04 on Tuesday. The stock has a 50-day simple moving average of $65.47 and a two-hundred day simple moving average of $62.87. Ameris Bancorp has a twelve month low of $44.22 and a twelve month high of $74.56. The firm has a market capitalization of $4.49 billion, a PE ratio of 13.55 and a beta of 1.06. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.13.
Ameris Bancorp Increases Dividend
Analyst Ratings Changes
Several analysts have recently commented on ABCB shares. Keefe, Bruyette & Woods raised their target price on Ameris Bancorp from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. StockNews.com upgraded Ameris Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Raymond James upgraded Ameris Bancorp from a “market perform” rating to an “outperform” rating and set a $67.00 target price on the stock in a report on Monday, October 28th. Truist Financial decreased their price target on shares of Ameris Bancorp from $73.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Finally, Stephens raised their price objective on shares of Ameris Bancorp from $64.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Ameris Bancorp has an average rating of “Moderate Buy” and a consensus target price of $69.17.
Get Our Latest Stock Analysis on Ameris Bancorp
Insider Buying and Selling at Ameris Bancorp
In other Ameris Bancorp news, Director Robert Dale Ezzell sold 8,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $69.91, for a total value of $559,280.00. Following the transaction, the director now directly owns 27,444 shares in the company, valued at $1,918,610.04. This represents a 22.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.50% of the company’s stock.
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.
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