Ameris Bancorp $ABCB Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its stake in shares of Ameris Bancorp (NASDAQ:ABCB) by 6.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 677,608 shares of the bank’s stock after selling 50,078 shares during the quarter. Ameris Bancorp makes up 0.7% of Segall Bryant & Hamill LLC’s investment portfolio, making the stock its 17th biggest holding. Segall Bryant & Hamill LLC’s holdings in Ameris Bancorp were worth $52,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Sound Income Strategies LLC purchased a new position in shares of Ameris Bancorp in the 4th quarter valued at about $29,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Ameris Bancorp during the third quarter worth about $45,000. Danske Bank A S purchased a new stake in shares of Ameris Bancorp during the third quarter worth approximately $51,000. Torren Management LLC purchased a new stake in shares of Ameris Bancorp during the fourth quarter worth approximately $76,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Ameris Bancorp by 316.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,059 shares of the bank’s stock valued at $79,000 after acquiring an additional 805 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ABCB shares. Morgan Stanley raised shares of Ameris Bancorp to an “overweight” rating in a research report on Wednesday, June 24th. Stephens set a $88.00 target price on shares of Ameris Bancorp in a research note on Monday. Truist Financial lowered their target price on shares of Ameris Bancorp from $92.00 to $90.00 and set a “hold” rating for the company in a research note on Tuesday. Piper Sandler cut their price target on Ameris Bancorp from $96.00 to $92.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, DA Davidson raised their price target on Ameris Bancorp from $98.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $91.67.

Ameris Bancorp Stock Performance

Shares of Ameris Bancorp stock opened at $87.41 on Friday. The firm has a market capitalization of $5.88 billion, a P/E ratio of 16.78 and a beta of 0.91. Ameris Bancorp has a 52 week low of $65.43 and a 52 week high of $93.22. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.11. The firm’s 50 day moving average is $88.11 and its two-hundred day moving average is $83.62.

Ameris Bancorp (NASDAQ:ABCB) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.06). The company had revenue of $317.78 million for the quarter, compared to analyst estimates of $323.78 million. Ameris Bancorp had a return on equity of 9.57% and a net margin of 21.46%.During the same period in the previous year, the business posted $1.59 EPS. Research analysts forecast that Ameris Bancorp will post 4.99 EPS for the current fiscal year.

Ameris Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Tuesday, June 30th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, June 30th. Ameris Bancorp’s dividend payout ratio (DPR) is 14.47%.

Ameris Bancorp Company Profile

Ameris Bancorp is a bank holding company headquartered in Atlanta, Georgia. Through its principal subsidiary, Ameris Bank, the company offers a broad range of commercial and retail banking services to individuals, small businesses, middle market companies and agricultural customers. Its core business lines encompass deposit services, lending solutions, treasury management, mortgage origination and servicing, insurance products and wealth management.

Ameris Bancorp operates a network of branches and loan production offices across the southeastern United States, including Georgia, Alabama, Florida, North Carolina, South Carolina and Tennessee.