Thrivent Financial For Lutherans grew its stake in Ameris Bancorp (NASDAQ:ABCB) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 515,127 shares of the bank’s stock after acquiring an additional 1,520 shares during the period. Thrivent Financial For Lutherans owned 1.39% of Ameris Bancorp worth $24,829,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Alps Advisors Inc. grew its holdings in shares of Ameris Bancorp by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 10,298 shares of the bank’s stock valued at $496,000 after acquiring an additional 27 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Ameris Bancorp by 1.6% in the 1st quarter. Victory Capital Management Inc. now owns 3,506 shares of the bank’s stock valued at $162,000 after acquiring an additional 55 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Ameris Bancorp by 0.5% in the 2nd quarter. Jennison Associates LLC now owns 27,731 shares of the bank’s stock valued at $1,337,000 after acquiring an additional 136 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in shares of Ameris Bancorp by 1.8% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 7,980 shares of the bank’s stock valued at $368,000 after acquiring an additional 140 shares in the last quarter. Finally, Amalgamated Bank grew its holdings in shares of Ameris Bancorp by 4.0% in the 2nd quarter. Amalgamated Bank now owns 4,737 shares of the bank’s stock valued at $228,000 after acquiring an additional 183 shares in the last quarter. Institutional investors own 82.41% of the company’s stock.

ABCB has been the subject of several recent analyst reports. BidaskClub upgraded shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $51.00 target price on shares of Ameris Bancorp in a research note on Wednesday, May 24th. Stephens reiterated a “buy” rating and issued a $54.00 target price on shares of Ameris Bancorp in a research note on Friday, July 21st. ValuEngine upgraded shares of Ameris Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research downgraded shares of Ameris Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $49.33.

In other news, Director Leo J. Hill acquired 1,000 shares of Ameris Bancorp stock in a transaction on Thursday, September 7th. The stock was acquired at an average cost of $42.75 per share, with a total value of $42,750.00. Following the transaction, the director now owns 16,629 shares of the company’s stock, valued at approximately $710,889.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.63% of the company’s stock.

Shares of Ameris Bancorp (NASDAQ ABCB) traded up 0.46% during midday trading on Tuesday, reaching $44.00. 9,125 shares of the company traded hands. The firm has a market capitalization of $1.64 billion, a PE ratio of 18.90 and a beta of 1.29. Ameris Bancorp has a 12-month low of $33.80 and a 12-month high of $51.28. The company has a 50-day moving average of $44.12 and a 200 day moving average of $45.67.

Ameris Bancorp (NASDAQ:ABCB) last issued its quarterly earnings data on Friday, July 21st. The bank reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.02). Ameris Bancorp had a return on equity of 12.52% and a net margin of 22.66%. The firm had revenue of $91.35 million during the quarter, compared to the consensus estimate of $92.71 million. On average, equities analysts forecast that Ameris Bancorp will post $2.55 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Thrivent Financial For Lutherans Has $24.83 Million Stake in Ameris Bancorp (ABCB)” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another site, it was stolen and reposted in violation of US and international copyright and trademark laws. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/09/19/thrivent-financial-for-lutherans-has-24-83-million-stake-in-ameris-bancorp-abcb.html.

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.

Institutional Ownership by Quarter for Ameris Bancorp (NASDAQ:ABCB)

Receive News & Stock Ratings for Ameris Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameris Bancorp and related stocks with our FREE daily email newsletter.