Ameris Bancorp (NASDAQ:ABCB) to Issue $0.20 Quarterly Dividend

Ameris Bancorp (NASDAQ:ABCB) announced a quarterly dividend on Monday, September 15th, RTT News reports. Investors of record on Tuesday, September 30th will be given a dividend of 0.20 per share by the bank on Monday, October 6th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, September 30th.

Ameris Bancorp Stock Up 0.0%

ABCB opened at $74.78 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.00 and a current ratio of 1.02. The business’s 50-day simple moving average is $71.17 and its 200-day simple moving average is $63.92. Ameris Bancorp has a one year low of $48.27 and a one year high of $76.58. The stock has a market capitalization of $5.13 billion, a P/E ratio of 14.35 and a beta of 0.97.

Hedge Funds Weigh In On Ameris Bancorp

Institutional investors have recently bought and sold shares of the company. SageView Advisory Group LLC grew its holdings in Ameris Bancorp by 2.5% in the first quarter. SageView Advisory Group LLC now owns 7,107 shares of the bank’s stock valued at $409,000 after purchasing an additional 176 shares during the period. State of Wyoming lifted its stake in shares of Ameris Bancorp by 8.3% in the first quarter. State of Wyoming now owns 2,346 shares of the bank’s stock valued at $135,000 after buying an additional 179 shares during the period. Verdence Capital Advisors LLC raised its stake in shares of Ameris Bancorp by 1.9% in the second quarter. Verdence Capital Advisors LLC now owns 9,535 shares of the bank’s stock worth $617,000 after acquiring an additional 181 shares during the last quarter. Yousif Capital Management LLC increased its stake in Ameris Bancorp by 0.8% during the 2nd quarter. Yousif Capital Management LLC now owns 24,303 shares of the bank’s stock worth $1,572,000 after purchasing an additional 187 shares in the last quarter. Finally, Journey Strategic Wealth LLC increased its stake in shares of Ameris Bancorp by 5.0% during the 2nd quarter. Journey Strategic Wealth LLC now owns 4,095 shares of the bank’s stock worth $265,000 after purchasing an additional 194 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

About Ameris Bancorp

Ameris Bancorp operates as the bank holding company for Ameris Bank that provides range of banking services to retail and commercial customers. It operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division, and Premium Finance Division. The company offers commercial and retail checking, regular interest-bearing savings, money market, individual retirement, and certificates of deposit accounts.