Ameris Bancorp (NASDAQ:ABCB) Shares Acquired by Savant Capital LLC

Savant Capital LLC increased its holdings in Ameris Bancorp (NASDAQ:ABCB) by 3.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,371 shares of the bank’s stock after buying an additional 267 shares during the period. Savant Capital LLC’s holdings in Ameris Bancorp were worth $461,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of ABCB. CWM LLC boosted its holdings in shares of Ameris Bancorp by 105.8% in the 3rd quarter. CWM LLC now owns 2,696 shares of the bank’s stock valued at $168,000 after buying an additional 1,386 shares during the period. Blue Trust Inc. boosted its holdings in shares of Ameris Bancorp by 249.5% in the 3rd quarter. Blue Trust Inc. now owns 713 shares of the bank’s stock valued at $44,000 after buying an additional 509 shares during the period. Sequoia Financial Advisors LLC bought a new stake in Ameris Bancorp in the 3rd quarter valued at about $233,000. E. Ohman J or Asset Management AB lifted its position in Ameris Bancorp by 6.1% in the 3rd quarter. E. Ohman J or Asset Management AB now owns 38,052 shares of the bank’s stock valued at $2,374,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Ameris Bancorp by 2.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 12,503 shares of the bank’s stock valued at $780,000 after purchasing an additional 258 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Ameris Bancorp Stock Down 1.0 %

ABCB stock opened at $66.12 on Monday. Ameris Bancorp has a 52 week low of $44.22 and a 52 week high of $74.56. The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of 12.69 and a beta of 1.06. The firm’s 50-day moving average is $64.52 and its two-hundred day moving average is $63.57. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.11.

Ameris Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.21%. This is an increase from Ameris Bancorp’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, December 31st. Ameris Bancorp’s payout ratio is 15.36%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ABCB shares. Stephens reiterated an “equal weight” rating and issued a $71.00 price objective on shares of Ameris Bancorp in a research report on Friday, January 31st. StockNews.com upgraded shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. Raymond James reiterated an “outperform” rating and issued a $71.00 price objective (up from $67.00) on shares of Ameris Bancorp in a research report on Monday, February 3rd. Keefe, Bruyette & Woods lifted their price objective on shares of Ameris Bancorp from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Finally, Truist Financial cut their price objective on shares of Ameris Bancorp from $73.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.50.

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.