Ameris Bancorp (NASDAQ:ABCB) Shares Sold by Barclays PLC

Barclays PLC lowered its position in shares of Ameris Bancorp (NASDAQ:ABCBFree Report) by 3.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 114,078 shares of the bank’s stock after selling 4,372 shares during the period. Barclays PLC’s holdings in Ameris Bancorp were worth $4,380,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Arizona State Retirement System grew its position in shares of Ameris Bancorp by 1.4% during the third quarter. Arizona State Retirement System now owns 18,765 shares of the bank’s stock worth $720,000 after acquiring an additional 251 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new position in Ameris Bancorp during the 3rd quarter valued at about $1,466,000. Congress Asset Management Co. MA increased its stake in Ameris Bancorp by 7.1% during the 3rd quarter. Congress Asset Management Co. MA now owns 704,319 shares of the bank’s stock valued at $27,039,000 after buying an additional 46,874 shares during the period. AlphaMark Advisors LLC acquired a new position in Ameris Bancorp during the 3rd quarter valued at about $241,000. Finally, Congress Wealth Management LLC DE increased its stake in Ameris Bancorp by 6.5% during the 3rd quarter. Congress Wealth Management LLC DE now owns 98,780 shares of the bank’s stock valued at $3,792,000 after buying an additional 6,025 shares during the period. Institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

ABCB has been the topic of several research analyst reports. DA Davidson reissued a “buy” rating on shares of Ameris Bancorp in a research note on Monday, January 15th. Stephens reissued an “equal weight” rating and set a $53.00 target price on shares of Ameris Bancorp in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $49.00.

Check Out Our Latest Stock Analysis on ABCB

Ameris Bancorp Stock Performance

Shares of ABCB opened at $48.03 on Friday. The firm’s 50 day moving average is $50.49 and its 200-day moving average is $43.78. The stock has a market capitalization of $3.32 billion, a P/E ratio of 12.32 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.03 and a quick ratio of 1.02. Ameris Bancorp has a 12-month low of $28.33 and a 12-month high of $53.99.

Ameris Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 8th. Stockholders of record on Sunday, December 31st were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.60 annualized dividend and a dividend yield of 1.25%. Ameris Bancorp’s dividend payout ratio is currently 15.38%.

Ameris Bancorp Company Profile

(Free Report)

Ameris Bancorp operates as the bank holding company for Ameris Bank that provides range of banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, North Carolina, and South Carolina. It operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division, and Premium Finance Division.

Further Reading

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Institutional Ownership by Quarter for Ameris Bancorp (NASDAQ:ABCB)

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