9,734 Shares in Ameris Bancorp $ABCB Bought by Diversified Trust Co.

Diversified Trust Co. bought a new stake in shares of Ameris Bancorp (NASDAQ:ABCB) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,734 shares of the bank’s stock, valued at approximately $723,000.

Several other hedge funds have also bought and sold shares of ABCB. Envestnet Portfolio Solutions Inc. increased its position in Ameris Bancorp by 3.0% in the third quarter. Envestnet Portfolio Solutions Inc. now owns 5,231 shares of the bank’s stock worth $384,000 after buying an additional 153 shares in the last quarter. Lido Advisors LLC lifted its position in shares of Ameris Bancorp by 2.9% during the 3rd quarter. Lido Advisors LLC now owns 6,294 shares of the bank’s stock valued at $463,000 after buying an additional 177 shares in the last quarter. Inspire Investing LLC lifted its position in shares of Ameris Bancorp by 3.0% during the 3rd quarter. Inspire Investing LLC now owns 6,183 shares of the bank’s stock valued at $453,000 after buying an additional 181 shares in the last quarter. Covestor Ltd grew its stake in shares of Ameris Bancorp by 51.5% during the 3rd quarter. Covestor Ltd now owns 547 shares of the bank’s stock valued at $40,000 after acquiring an additional 186 shares during the period. Finally, Verdence Capital Advisors LLC grew its stake in shares of Ameris Bancorp by 2.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 9,730 shares of the bank’s stock valued at $724,000 after acquiring an additional 195 shares during the period. Institutional investors own 91.60% of the company’s stock.

Ameris Bancorp Stock Down 1.9%

NASDAQ ABCB opened at $75.80 on Friday. The stock’s 50 day moving average is $79.84 and its 200 day moving average is $76.63. 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 12 month low of $48.27 and a 12 month high of $87.98. The stock has a market cap of $5.15 billion, a PE ratio of 14.55 and a beta of 0.97.

Ameris Bancorp (NASDAQ:ABCB) last announced its quarterly earnings data on Thursday, January 29th. The bank reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. Ameris Bancorp had a net margin of 21.46% and a return on equity of 9.57%. The business had revenue of $309.92 million during the quarter, compared to analyst estimates of $310.48 million. During the same period last year, the firm posted $1.38 EPS. Research analysts predict that Ameris Bancorp will post 4.99 EPS for the current fiscal year.

Ameris Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Tuesday, March 31st will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. Ameris Bancorp’s dividend payout ratio is currently 13.33%.

Analyst Ratings Changes

A number of research firms have commented on ABCB. Keefe, Bruyette & Woods raised their target price on shares of Ameris Bancorp from $82.00 to $88.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. DA Davidson set a $94.00 price target on shares of Ameris Bancorp in a research report on Monday, February 2nd. Stephens increased their price objective on shares of Ameris Bancorp from $79.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Monday, February 2nd. Finally, Truist Financial raised their price objective on shares of Ameris Bancorp from $83.00 to $86.00 and gave the company a “hold” rating in a research report on Monday, February 2nd. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Ameris Bancorp presently has an average rating of “Moderate Buy” and an average target price of $86.50.

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.