Janus Henderson Group PLC Has $38.32 Million Stock Holdings in Ameris Bancorp (NASDAQ:ABCB)

Janus Henderson Group PLC cut its holdings in shares of Ameris Bancorp (NASDAQ:ABCB - Free Report) by 12.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 612,478 shares of the bank's stock after selling 88,314 shares during the period. Janus Henderson Group PLC owned about 0.89% of Ameris Bancorp worth $38,323,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ABCB. Barclays PLC lifted its stake in Ameris Bancorp by 107.7% during the third quarter. Barclays PLC now owns 140,001 shares of the bank's stock worth $8,735,000 after purchasing an additional 72,599 shares during the last quarter. Moody National Bank Trust Division lifted its stake in shares of Ameris Bancorp by 9.3% in the 4th quarter. Moody National Bank Trust Division now owns 14,611 shares of the bank's stock valued at $914,000 after acquiring an additional 1,248 shares during the last quarter. USA Financial Formulas bought a new position in shares of Ameris Bancorp in the 4th quarter valued at $98,000. HB Wealth Management LLC bought a new position in shares of Ameris Bancorp in the 4th quarter valued at $352,000. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Ameris Bancorp by 2,768.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 68,384 shares of the bank's stock valued at $4,292,000 after acquiring an additional 66,000 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

Ameris Bancorp Trading Up 0.3%

NASDAQ:ABCB traded up $0.16 during trading hours on Friday, hitting $63.44. 381,055 shares of the company were exchanged, compared to its average volume of 401,803. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 12.18 and a beta of 0.91. 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 has a one year low of $45.89 and a one year high of $74.56. The company has a fifty day simple moving average of $56.80 and a 200 day simple moving average of $62.40.

Ameris Bancorp (NASDAQ:ABCB - Get Free Report) last announced its earnings results on Monday, April 28th. The bank reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.16. The business had revenue of $285.86 million during the quarter, compared to analyst estimates of $276.06 million. Ameris Bancorp had a return on equity of 9.57% and a net margin of 21.46%. Ameris Bancorp's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the company earned $1.10 EPS. Sell-side analysts expect that Ameris Bancorp will post 4.99 EPS for the current fiscal year.

Ameris Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Monday, March 31st were issued 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 yield of 1.26%. Ameris Bancorp's payout ratio is currently 14.81%.

Insiders Place Their Bets

In other Ameris Bancorp news, insider Douglas D. Strange purchased 1,000 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost of $56.95 per share, for a total transaction of $56,950.00. Following the acquisition, the insider now owns 19,403 shares in the company, valued at approximately $1,105,000.85. The trade was a 5.43% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.40% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Piper Sandler assumed coverage on Ameris Bancorp in a research note on Friday, April 4th. They issued an "overweight" rating and a $74.00 price target for the company. Stephens reiterated an "equal weight" rating and issued a $63.00 price target on shares of Ameris Bancorp in a research note on Tuesday, April 29th. Piper Sandler Companies increased their price target on Ameris Bancorp to $74.00 and gave the company a "buy" rating in a research note on Monday, April 7th. Finally, Raymond James dropped their price target on Ameris Bancorp from $71.00 to $65.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $71.43.

Ameris Bancorp 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.