XTX Topco Ltd acquired a new stake in shares of Ameris Bancorp (NASDAQ:ABCB - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,380 shares of the bank's stock, valued at approximately $399,000.
A number of other large investors also recently modified their holdings of the business. Barclays PLC lifted its position in shares of Ameris Bancorp by 5.7% in the 4th quarter. Barclays PLC now owns 148,046 shares of the bank's stock worth $9,264,000 after buying an additional 8,045 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in shares of Ameris Bancorp by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,887 shares of the bank's stock worth $431,000 after buying an additional 218 shares during the last quarter. Synovus Financial Corp lifted its position in shares of Ameris Bancorp by 1.7% in the 4th quarter. Synovus Financial Corp now owns 14,020 shares of the bank's stock worth $877,000 after buying an additional 235 shares during the last quarter. Townsquare Capital LLC lifted its position in shares of Ameris Bancorp by 16.8% in the 4th quarter. Townsquare Capital LLC now owns 45,321 shares of the bank's stock worth $2,836,000 after buying an additional 6,529 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its position in shares of Ameris Bancorp by 836.7% in the 4th quarter. Sterling Capital Management LLC now owns 2,117 shares of the bank's stock worth $132,000 after buying an additional 1,891 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.
Ameris Bancorp Price Performance
Shares of ABCB stock traded up $0.96 during midday trading on Monday, reaching $56.98. 537,186 shares of the company were exchanged, compared to its average volume of 390,139. Ameris Bancorp has a 12 month low of $45.89 and a 12 month high of $74.56. The company has a market cap of $3.93 billion, a P/E ratio of 10.94 and a beta of 0.87. The company's 50 day moving average price is $56.97 and its two-hundred day moving average price is $62.64. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.00 and a current ratio of 1.02.
Ameris Bancorp Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Monday, March 31st were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.40%. Ameris Bancorp's dividend payout ratio (DPR) is 15.36%.
Insiders Place Their Bets
In other Ameris Bancorp news, insider Douglas D. Strange bought 1,000 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $56.95 per share, for a total transaction of $56,950.00. Following the acquisition, the insider now directly owns 19,403 shares of the company's stock, valued at $1,105,000.85. This trade represents a 5.43 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 5.50% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Raymond James reaffirmed an "outperform" rating and issued a $71.00 price objective (up previously from $67.00) on shares of Ameris Bancorp in a report on Monday, February 3rd. Piper Sandler assumed coverage on shares of Ameris Bancorp in a report on Friday, April 4th. They issued an "overweight" rating and a $74.00 price objective on the stock. Piper Sandler Companies increased their price objective on shares of Ameris Bancorp to $74.00 and gave the stock a "buy" rating in a report on Monday, April 7th. Finally, Stephens reaffirmed an "equal weight" rating and issued a $71.00 price objective on shares of Ameris Bancorp in a report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $73.43.
Read Our Latest Research Report on ABCB
Ameris Bancorp 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. 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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