Ameris Bancorp (NASDAQ:ABCB) has received a consensus rating of “Buy” from the eight analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $56.00.
Several research analysts have recently commented on ABCB shares. SunTrust Banks boosted their target price on Ameris Bancorp from $10.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, January 29th. Zacks Investment Research downgraded Ameris Bancorp from a “buy” rating to a “hold” rating in a report on Monday, January 8th. BidaskClub downgraded Ameris Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Sandler O’Neill set a $57.00 target price on Ameris Bancorp and gave the stock a “hold” rating in a report on Monday, January 29th. Finally, Keefe, Bruyette & Woods raised Ameris Bancorp from a “market perform” rating to an “outperform” rating in a report on Monday, November 20th.
Ameris Bancorp (NASDAQ ABCB) opened at $57.40 on Wednesday. The company has a market capitalization of $2,195.01, a P/E ratio of 28.84 and a beta of 1.21. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 0.42. Ameris Bancorp has a 1-year low of $41.05 and a 1-year high of $59.05.
In other Ameris Bancorp news, President Lawton E. Bassett III sold 823 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $53.15, for a total transaction of $43,742.45. Following the transaction, the president now owns 19,408 shares of the company’s stock, valued at approximately $1,031,535.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Dennis J. Zember, Jr. sold 5,000 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $54.81, for a total value of $274,050.00. Following the transaction, the chief operating officer now directly owns 156,063 shares in the company, valued at approximately $8,553,813.03. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,159 shares of company stock worth $2,575,646. Company insiders own 3.63% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Elkfork Partners LLC acquired a new position in shares of Ameris Bancorp in the 4th quarter valued at $246,000. Segall Bryant & Hamill LLC lifted its stake in shares of Ameris Bancorp by 12.5% in the 4th quarter. Segall Bryant & Hamill LLC now owns 414,042 shares of the bank’s stock valued at $19,957,000 after purchasing an additional 45,901 shares during the period. MetLife Investment Advisors LLC acquired a new position in shares of Ameris Bancorp in the 4th quarter valued at $812,000. Millennium Management LLC lifted its stake in shares of Ameris Bancorp by 268.1% in the 4th quarter. Millennium Management LLC now owns 54,237 shares of the bank’s stock valued at $2,614,000 after purchasing an additional 39,502 shares during the period. Finally, Flinton Capital Management LLC lifted its stake in shares of Ameris Bancorp by 19.0% in the 4th quarter. Flinton Capital Management LLC now owns 6,188 shares of the bank’s stock valued at $298,000 after purchasing an additional 986 shares during the period. 83.28% of the stock is currently owned by hedge funds and other institutional investors.
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About Ameris Bancorp
Ameris Bancorp is a financial holding company. The Company’s business is conducted through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. The Company operates through four segments: the Banking Division, the Retail Mortgage Division, the Warehouse Lending Division and the SBA Division.
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