Gator Capital Management LLC Purchases Shares of 25,996 Ameris Bancorp $ABCB

Gator Capital Management LLC purchased a new stake in Ameris Bancorp (NASDAQ:ABCB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 25,996 shares of the bank’s stock, valued at approximately $1,931,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sound Income Strategies LLC bought a new position in shares of Ameris Bancorp during the fourth quarter valued at $29,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Ameris Bancorp in the 3rd quarter worth about $45,000. Danske Bank A S acquired a new stake in shares of Ameris Bancorp during the 3rd quarter worth about $51,000. Aster Capital Management DIFC Ltd increased its position in shares of Ameris Bancorp by 395.4% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 748 shares of the bank’s stock worth $55,000 after purchasing an additional 597 shares in the last quarter. Finally, Torren Management LLC bought a new position in Ameris Bancorp during the 4th quarter valued at about $76,000. Institutional investors own 91.60% of the company’s stock.

Ameris Bancorp Stock Up 2.5%

Shares of NASDAQ:ABCB opened at $89.09 on Friday. Ameris Bancorp has a 12 month low of $59.54 and a 12 month high of $89.22. The company’s 50-day moving average price is $84.18 and its two-hundred day moving average price is $80.51. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.11. The firm has a market cap of $6.00 billion, a P/E ratio of 17.10 and a beta of 0.91.

Ameris Bancorp (NASDAQ:ABCB) last issued its quarterly earnings data on Thursday, April 23rd. The bank reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.09. Ameris Bancorp had a net margin of 21.46% and a return on equity of 9.57%. The firm had revenue of $314.36 million for the quarter, compared to analyst estimates of $309.58 million. During the same quarter in the prior year, the firm earned $1.28 EPS. As a group, research analysts forecast that Ameris Bancorp will post 4.99 EPS for the current fiscal year.

Ameris Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 0.9%. Ameris Bancorp’s dividend payout ratio is currently 12.58%.

Wall Street Analyst Weigh In

ABCB has been the subject of several analyst reports. Stephens lifted their price target on shares of Ameris Bancorp from $87.00 to $90.00 and gave the company an “equal weight” rating in a report on Monday, April 27th. DA Davidson lifted their price target on shares of Ameris Bancorp from $94.00 to $98.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Truist Financial lifted their price target on shares of Ameris Bancorp from $85.00 to $89.00 and gave the company a “hold” rating in a report on Monday, April 27th. Finally, Raymond James Financial reissued an “outperform” rating and set a $92.00 price target on shares of Ameris Bancorp in a report on Monday, April 27th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.17.

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.