Capitolis Liquid Global Markets LLC Makes New Investment in Ameris Bancorp $ABCB

Capitolis Liquid Global Markets LLC bought a new stake in shares of Ameris Bancorp (NASDAQ:ABCB) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 40,800 shares of the bank’s stock, valued at approximately $2,991,000. Capitolis Liquid Global Markets LLC owned about 0.06% of Ameris Bancorp at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Salomon & Ludwin LLC purchased a new position in shares of Ameris Bancorp in the 3rd quarter worth $33,000. Covestor Ltd lifted its holdings in Ameris Bancorp by 51.5% in the third quarter. Covestor Ltd now owns 547 shares of the bank’s stock valued at $40,000 after acquiring an additional 186 shares during the period. Allworth Financial LP lifted its holdings in Ameris Bancorp by 1,567.6% in the second quarter. Allworth Financial LP now owns 567 shares of the bank’s stock valued at $37,000 after acquiring an additional 533 shares during the period. Aster Capital Management DIFC Ltd boosted its position in Ameris Bancorp by 395.4% in the third quarter. Aster Capital Management DIFC Ltd now owns 748 shares of the bank’s stock worth $55,000 after purchasing an additional 597 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Ameris Bancorp by 48.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,076 shares of the bank’s stock valued at $80,000 after purchasing an additional 353 shares during the period. 91.60% of the stock is owned by institutional investors.

Ameris Bancorp Price Performance

Shares of NASDAQ:ABCB opened at $75.10 on Monday. The company has a market capitalization of $5.10 billion, a P/E ratio of 14.41 and a beta of 0.97. Ameris Bancorp has a 1-year low of $48.27 and a 1-year high of $87.98. The firm’s 50 day simple moving average is $80.42 and its two-hundred day simple moving average is $76.52. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.02 and a quick ratio of 1.00.

Ameris Bancorp (NASDAQ:ABCB) last announced its quarterly earnings data on Thursday, January 29th. The bank reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. The firm had revenue of $309.92 million during the quarter, compared to analysts’ expectations of $310.48 million. Ameris Bancorp had a net margin of 21.46% and a return on equity of 9.57%. During the same period in the prior year, the company posted $1.38 earnings per share. Research analysts expect that Ameris Bancorp will post 4.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ABCB has been the subject of several research reports. Stephens upped their price target on shares of Ameris Bancorp from $79.00 to $87.00 and gave the company an “equal weight” rating in a research report on Monday, February 2nd. Truist Financial boosted their target price on shares of Ameris Bancorp from $83.00 to $86.00 and gave the company a “hold” rating in a research report on Monday, February 2nd. DA Davidson set a $94.00 target price on shares of Ameris Bancorp in a report on Monday, February 2nd. Finally, Keefe, Bruyette & Woods increased their price target on shares of Ameris Bancorp from $82.00 to $88.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.50.

Ameris Bancorp Company 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.