Centiva Capital LP Buys Shares of 4,777 Ameris Bancorp (NASDAQ:ABCB)

Centiva Capital LP bought a new stake in Ameris Bancorp (NASDAQ:ABCB) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,777 shares of the bank’s stock, valued at approximately $298,000.

Other institutional investors also recently bought and sold shares of the company. 1620 Investment Advisors Inc. acquired a new stake in Ameris Bancorp in the second quarter valued at approximately $33,000. Blue Trust Inc. boosted its stake in Ameris Bancorp by 249.5% in the third quarter. Blue Trust Inc. now owns 713 shares of the bank’s stock valued at $44,000 after acquiring an additional 509 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Ameris Bancorp by 38.0% during the third quarter. GAMMA Investing LLC now owns 1,130 shares of the bank’s stock worth $71,000 after buying an additional 311 shares during the period. CWM LLC lifted its stake in shares of Ameris Bancorp by 33.5% during the second quarter. CWM LLC now owns 1,310 shares of the bank’s stock worth $66,000 after buying an additional 329 shares during the period. Finally, US Bancorp DE lifted its stake in shares of Ameris Bancorp by 3,396.4% during the third quarter. US Bancorp DE now owns 1,923 shares of the bank’s stock worth $120,000 after buying an additional 1,868 shares during the period. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ameris Bancorp

In other Ameris Bancorp news, Director Robert Dale Ezzell sold 8,000 shares of Ameris Bancorp stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $69.91, for a total value of $559,280.00. Following the completion of the transaction, the director now owns 27,444 shares of the company’s stock, valued at approximately $1,918,610.04. The trade was a 22.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.50% of the stock is owned by corporate insiders.

Ameris Bancorp Trading Down 0.5 %

NASDAQ ABCB opened at $67.55 on Wednesday. The company has a market capitalization of $4.67 billion, a PE ratio of 14.07 and a beta of 1.03. The company has a fifty day moving average of $66.15 and a 200 day moving average of $59.32. Ameris Bancorp has a 1 year low of $44.00 and a 1 year high of $74.56. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.01.

Ameris Bancorp (NASDAQ:ABCB) last posted its earnings results on Thursday, October 24th. The bank reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.13. Ameris Bancorp had a net margin of 20.08% and a return on equity of 9.18%. The company had revenue of $424.86 million during the quarter, compared to the consensus estimate of $290.60 million. During the same period in the previous year, the firm posted $1.16 earnings per share. Research analysts forecast that Ameris Bancorp will post 4.83 earnings per share for the current year.

Ameris Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 30th were issued a $0.15 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.60 dividend on an annualized basis and a yield of 0.89%. Ameris Bancorp’s payout ratio is 12.50%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ABCB. StockNews.com upgraded shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Stephens lifted their price objective on shares of Ameris Bancorp from $64.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Truist Financial lowered their price objective on shares of Ameris Bancorp from $73.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Keefe, Bruyette & Woods lifted their price objective on shares of Ameris Bancorp from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Finally, Raymond James upgraded shares of Ameris Bancorp from a “market perform” rating to an “outperform” rating and set a $67.00 price objective for the company in a research note on Monday, October 28th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.17.

Ameris Bancorp Company 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.