Cetera Investment Advisers acquired a new stake in shares of Ameris Bancorp (NASDAQ:ABCB) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,401 shares of the bank’s stock, valued at approximately $597,000.

Several other hedge funds have also recently made changes to their positions in the company. Piedmont Investment Advisors LLC bought a new stake in shares of Ameris Bancorp during the 2nd quarter valued at $387,000. Ameritas Investment Partners Inc. raised its position in shares of Ameris Bancorp by 8.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,188 shares of the bank’s stock valued at $154,000 after purchasing an additional 248 shares during the period. Susquehanna International Group LLP bought a new stake in shares of Ameris Bancorp during the 2nd quarter valued at $296,000. The Manufacturers Life Insurance Company raised its position in shares of Ameris Bancorp by 1.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,217,548 shares of the bank’s stock valued at $58,686,000 after purchasing an additional 20,713 shares during the period. Finally, State Street Corp raised its position in shares of Ameris Bancorp by 7.3% during the 2nd quarter. State Street Corp now owns 1,258,947 shares of the bank’s stock valued at $60,687,000 after purchasing an additional 85,137 shares during the period. Hedge funds and other institutional investors own 82.40% of the company’s stock.

ABCB has been the topic of several recent analyst reports. Stephens restated a “buy” rating and set a $52.00 price objective on shares of Ameris Bancorp in a research report on Thursday, September 28th. Zacks Investment Research upgraded shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $51.00 price target on shares of Ameris Bancorp in a report on Monday, June 26th. BidaskClub downgraded shares of Ameris Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Piper Jaffray Companies reiterated a “neutral” rating and issued a $47.50 price target on shares of Ameris Bancorp in a report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $51.50.

ILLEGAL ACTIVITY WARNING: This report was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this report can be accessed at https://www.thecerbatgem.com/2017/10/18/12401-shares-in-ameris-bancorp-abcb-acquired-by-cetera-investment-advisers.html.

Ameris Bancorp (NASDAQ:ABCB) traded down 0.20% during mid-day trading on Wednesday, hitting $49.05. 18,962 shares of the stock were exchanged. Ameris Bancorp has a 52-week low of $35.15 and a 52-week high of $51.28. The stock has a market cap of $1.82 billion, a PE ratio of 21.07 and a beta of 1.30. The stock’s 50 day moving average is $45.83 and its 200 day moving average is $45.94.

Ameris Bancorp (NASDAQ:ABCB) last issued its earnings results on Friday, July 21st. The bank reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.02). The business had revenue of $91.35 million during the quarter, compared to analyst estimates of $92.71 million. Ameris Bancorp had a net margin of 22.66% and a return on equity of 12.52%. Analysts forecast that Ameris Bancorp will post $2.53 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 10th. Stockholders of record on Friday, September 29th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Thursday, September 28th. Ameris Bancorp’s dividend payout ratio (DPR) is 17.09%.

In other Ameris Bancorp news, Director Leo J. Hill bought 1,000 shares of Ameris Bancorp stock in a transaction dated Thursday, September 7th. The stock was acquired at an average cost of $42.75 per share, for a total transaction of $42,750.00. Following the completion of the transaction, the director now directly owns 16,629 shares of the company’s stock, valued at $710,889.75. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.63% of the stock is owned by corporate insiders.

Ameris Bancorp Profile

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.