Hancock Whitney Corp acquired a new stake in Ameris Bancorp (NASDAQ:ABCB – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 9,638 shares of the bank’s stock, valued at approximately $466,000.
Other hedge funds have also recently bought and sold shares of the company. Raymond James & Associates raised its position in shares of Ameris Bancorp by 1.4% during the 4th quarter. Raymond James & Associates now owns 16,791 shares of the bank’s stock worth $891,000 after buying an additional 235 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Ameris Bancorp by 80.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 15,720 shares of the bank’s stock worth $834,000 after purchasing an additional 7,017 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Ameris Bancorp by 2.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,112 shares of the bank’s stock worth $1,597,000 after purchasing an additional 619 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Ameris Bancorp in the 4th quarter worth approximately $219,000. Finally, GW Henssler & Associates Ltd. bought a new stake in shares of Ameris Bancorp in the 4th quarter worth approximately $235,000. 91.64% of the stock is currently owned by institutional investors.
Ameris Bancorp Stock Performance
Shares of NASDAQ ABCB traded down $2.29 during trading hours on Thursday, hitting $58.60. 222,860 shares of the stock were exchanged, compared to its average volume of 365,169. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.05 and a quick ratio of 1.03. The company’s 50 day moving average is $51.44 and its 200 day moving average is $49.19. The firm has a market capitalization of $4.05 billion, a P/E ratio of 13.55 and a beta of 1.04. Ameris Bancorp has a one year low of $34.26 and a one year high of $64.88.
Ameris Bancorp Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, July 8th. Shareholders of record on Sunday, June 30th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Friday, June 28th. Ameris Bancorp’s dividend payout ratio (DPR) is presently 14.60%.
Analysts Set New Price Targets
Several research analysts have recently weighed in on ABCB shares. Keefe, Bruyette & Woods lifted their target price on shares of Ameris Bancorp from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday. DA Davidson lifted their target price on shares of Ameris Bancorp from $61.00 to $76.00 and gave the stock a “buy” rating in a research report on Monday. Piper Sandler lifted their target price on shares of Ameris Bancorp from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. StockNews.com raised shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Finally, Stephens boosted their price objective on shares of Ameris Bancorp from $52.00 to $64.00 and gave the company an “equal weight” rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Ameris Bancorp currently has an average rating of “Moderate Buy” and an average target price of $66.20.
Read Our Latest Analysis on ABCB
Ameris Bancorp Profile
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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