Ameris Bancorp (NASDAQ:ABCB) Shares Bought by De Lisle Partners LLP

De Lisle Partners LLP raised its stake in Ameris Bancorp (NASDAQ:ABCB) by 46.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 18,968 shares of the bank’s stock after buying an additional 6,000 shares during the quarter. De Lisle Partners LLP’s holdings in Ameris Bancorp were worth $1,184,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Townsquare Capital LLC increased its stake in Ameris Bancorp by 16.9% in the 3rd quarter. Townsquare Capital LLC now owns 38,792 shares of the bank’s stock valued at $2,420,000 after purchasing an additional 5,616 shares in the last quarter. BNP Paribas Financial Markets raised its position in Ameris Bancorp by 29.8% during the third quarter. BNP Paribas Financial Markets now owns 22,781 shares of the bank’s stock worth $1,421,000 after acquiring an additional 5,225 shares during the last quarter. FMR LLC lifted its holdings in shares of Ameris Bancorp by 24.7% in the third quarter. FMR LLC now owns 94,887 shares of the bank’s stock valued at $5,920,000 after purchasing an additional 18,822 shares in the last quarter. Advantage Alpha Capital Partners LP lifted its holdings in shares of Ameris Bancorp by 22.9% in the third quarter. Advantage Alpha Capital Partners LP now owns 8,587 shares of the bank’s stock valued at $535,000 after purchasing an additional 1,598 shares in the last quarter. Finally, Prospector Partners LLC grew its position in shares of Ameris Bancorp by 2.9% in the third quarter. Prospector Partners LLC now owns 217,415 shares of the bank’s stock valued at $13,565,000 after purchasing an additional 6,054 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ABCB has been the topic of a number of recent research reports. Raymond James raised Ameris Bancorp from a “market perform” rating to an “outperform” rating and set a $67.00 target price on the stock in a research note on Monday, October 28th. Stephens upped their price objective on Ameris Bancorp from $64.00 to $67.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Truist Financial dropped their price objective on Ameris Bancorp from $73.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Finally, StockNews.com raised shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $66.67.

Insider Buying and Selling

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 transaction of $559,280.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 5.50% of the company’s stock.

Ameris Bancorp Stock Down 0.7 %

ABCB opened at $70.89 on Thursday. Ameris Bancorp has a 12 month low of $41.86 and a 12 month high of $74.56. The business has a 50-day moving average of $64.78 and a two-hundred day moving average of $57.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.01. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of 14.77 and a beta of 1.01.

Ameris Bancorp (NASDAQ:ABCB) last released its earnings results on Thursday, October 24th. The bank reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.13. The firm had revenue of $424.86 million during the quarter, compared to the consensus estimate of $290.60 million. Ameris Bancorp had a net margin of 20.08% and a return on equity of 9.18%. During the same period in the previous year, the firm earned $1.16 earnings per share. On average, research analysts expect that Ameris Bancorp will post 4.83 earnings per share for the current year.

Ameris Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, September 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.85%. Ameris Bancorp’s payout ratio is 12.50%.

Ameris Bancorp Company 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.