De Lisle Partners LLP Purchases Shares of 36,935 Ameris Bancorp $ABCB

Key Points

• De Lisle Partners LLP acquired 36,935 Ameris Bancorp shares valued at approximately $3.34 million, joining other institutional investors. Institutions collectively own 91.6% of ABCB’s outstanding stock.
• Ameris Bancorp reported quarterly EPS of $1.60, below the $1.66 consensus estimate, while revenue of $317.78 million also missed expectations of $323.78 million.
• Analysts maintain a generally cautious outlook, with an average rating of “Hold” and an average price target of $91.67 versus the stock’s reported price of $86.14. The company also pays a quarterly dividend of $0.20, yielding about 0.9% annually.

De Lisle Partners LLP acquired a new position in shares of Ameris Bancorp (NASDAQ:ABCB - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,935 shares of the bank's stock, valued at approximately $3,337,000. De Lisle Partners LLP owned about 0.05% of Ameris Bancorp at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ABCB. Artemis Investment Management LLP acquired a new stake in Ameris Bancorp during the 4th quarter valued at $1,667,000. Jennison Associates LLC boosted its stake in Ameris Bancorp by 31.3% in the fourth quarter. Jennison Associates LLC now owns 1,741,214 shares of the bank's stock worth $129,320,000 after purchasing an additional 414,920 shares in the last quarter. UBS Group AG boosted its stake in Ameris Bancorp by 10.7% in the fourth quarter. UBS Group AG now owns 271,568 shares of the bank's stock worth $20,169,000 after purchasing an additional 26,320 shares in the last quarter. BIP Wealth LLC bought a new stake in shares of Ameris Bancorp during the second quarter worth $1,025,000. Finally, M&T Bank Corp bought a new stake in shares of Ameris Bancorp during the fourth quarter worth $8,262,000. Institutional investors own 91.60% of the company's stock.

Ameris Bancorp Stock Up 0.0%

Shares of ABCB opened at $86.14 on Friday. The business's fifty day moving average price is $88.96 and its two-hundred day moving average price is $84.45. The firm has a market capitalization of $5.78 billion, a price-to-earnings ratio of 16.53 and a beta of 0.92. Ameris Bancorp has a 52 week low of $68.80 and a 52 week high of $93.22. 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 (NASDAQ:ABCB - Get Free Report) last released its earnings results 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). Ameris Bancorp had a return on equity of 9.57% and a net margin of 21.46%.The firm had revenue of $317.78 million for the quarter, compared to the consensus estimate of $323.78 million. During the same quarter in the previous year, the firm earned $1.59 EPS. On average, analysts predict that Ameris Bancorp will post 4.99 earnings per share for the current year.

Ameris Bancorp Dividend Announcement

The company also recently disclosed 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 yield of 0.9%. The ex-dividend date was Tuesday, June 30th. Ameris Bancorp's dividend payout ratio (DPR) is presently 14.47%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Stephens set a $88.00 target price on Ameris Bancorp in a research note on Monday, July 27th. Piper Sandler reduced their price target on shares of Ameris Bancorp from $96.00 to $92.00 and set a "neutral" rating on the stock in a research report on Monday, July 27th. Truist Financial decreased their price objective on shares of Ameris Bancorp from $92.00 to $90.00 and set a "hold" rating on the stock in a report on Tuesday, July 28th. Morgan Stanley upgraded shares of Ameris Bancorp to an "overweight" rating in a research report on Wednesday, June 24th. Finally, DA Davidson boosted their target price on shares of Ameris Bancorp from $98.00 to $100.00 and gave the stock a "buy" rating in a research note on Monday, July 27th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $91.67.

Ameris Bancorp 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.

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