Macquarie Group Ltd. reduced its stake in shares of Ameris Bancorp (NASDAQ:ABCB) by 17.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,510 shares of the bank’s stock after selling 3,057 shares during the period. Macquarie Group Ltd.’s holdings in Ameris Bancorp were worth $696,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ameritas Investment Partners Inc. raised its holdings in Ameris Bancorp by 8.4% during the second quarter. Ameritas Investment Partners Inc. now owns 3,188 shares of the bank’s stock valued at $154,000 after buying an additional 248 shares in the last quarter. Riverhead Capital Management LLC raised its holdings in Ameris Bancorp by 119.8% during the second quarter. Riverhead Capital Management LLC now owns 3,297 shares of the bank’s stock valued at $159,000 after buying an additional 1,797 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Ameris Bancorp by 17.7% during the second quarter. Victory Capital Management Inc. now owns 4,125 shares of the bank’s stock valued at $199,000 after buying an additional 619 shares in the last quarter. Flinton Capital Management LLC raised its holdings in Ameris Bancorp by 101.6% during the second quarter. Flinton Capital Management LLC now owns 4,250 shares of the bank’s stock valued at $205,000 after buying an additional 2,142 shares in the last quarter. Finally, Aperio Group LLC bought a new position in Ameris Bancorp during the third quarter valued at about $204,000. Institutional investors own 82.01% of the company’s stock.

Ameris Bancorp (NASDAQ ABCB) opened at $46.55 on Tuesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.07 and a quick ratio of 1.04. The company has a market capitalization of $1,751.72, a PE ratio of 18.97 and a beta of 1.19. Ameris Bancorp has a 12 month low of $41.05 and a 12 month high of $51.30.

Ameris Bancorp (NASDAQ:ABCB) last posted its quarterly earnings data on Thursday, October 19th. The bank reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). Ameris Bancorp had a return on equity of 12.12% and a net margin of 21.57%. The business had revenue of $93.85 million during the quarter, compared to the consensus estimate of $96.89 million. research analysts predict that Ameris Bancorp will post 2.48 EPS for the current fiscal year.

A number of equities analysts have recently commented on the company. Zacks Investment Research upgraded Ameris Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. Keefe, Bruyette & Woods upgraded Ameris Bancorp from a “market perform” rating to an “outperform” rating in a research note on Monday, November 20th. Piper Jaffray Companies set a $50.00 price objective on Ameris Bancorp and gave the stock a “hold” rating in a research note on Monday, October 23rd. ValuEngine lowered Ameris Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Stephens reiterated a “buy” rating and issued a $52.00 price objective on shares of Ameris Bancorp in a research note on Thursday, September 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Ameris Bancorp presently has a consensus rating of “Hold” and an average price target of $52.25.

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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.

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

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