US Bancorp DE Decreases Holdings in Ameris Bancorp (NASDAQ:ABCB)

US Bancorp DE cut its holdings in shares of Ameris Bancorp (NASDAQ:ABCBGet Rating) by 14.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,620 shares of the bank’s stock after selling 626 shares during the quarter. US Bancorp DE’s holdings in Ameris Bancorp were worth $145,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. New York State Teachers Retirement System raised its stake in shares of Ameris Bancorp by 10.5% during the second quarter. New York State Teachers Retirement System now owns 35,592 shares of the bank’s stock worth $1,430,000 after acquiring an additional 3,370 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Ameris Bancorp by 285.9% in the second quarter. SG Americas Securities LLC now owns 16,599 shares of the bank’s stock worth $667,000 after buying an additional 12,298 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Ameris Bancorp in the second quarter worth $790,000. JCSD Capital LLC increased its stake in shares of Ameris Bancorp by 20.4% in the second quarter. JCSD Capital LLC now owns 56,180 shares of the bank’s stock worth $2,257,000 after buying an additional 9,500 shares during the period. Finally, KBC Group NV purchased a new position in shares of Ameris Bancorp in the second quarter worth $221,000. 86.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ABCB has been the topic of several analyst reports. Raymond James downgraded shares of Ameris Bancorp from an “outperform” rating to a “market perform” rating in a research note on Monday, October 31st. Truist Financial lifted their target price on shares of Ameris Bancorp from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, October 31st. Finally, StockNews.com began coverage on shares of Ameris Bancorp in a report on Wednesday, October 12th. They issued a “hold” rating on the stock.

Ameris Bancorp Stock Performance

NASDAQ:ABCB opened at $52.17 on Tuesday. The stock has a market cap of $3.62 billion, a P/E ratio of 10.37 and a beta of 1.16. The firm’s fifty day simple moving average is $48.17 and its 200 day simple moving average is $45.36. Ameris Bancorp has a twelve month low of $38.22 and a twelve month high of $56.63. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.27.

Ameris Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 10th. Stockholders of record on Friday, September 30th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, September 29th. Ameris Bancorp’s dividend payout ratio (DPR) is presently 12.02%.

About Ameris Bancorp

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Ameris Bancorp operates as the bank holding company for Ameris Bank that provides range of banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, North Carolina, and South Carolina. The company operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division, and Premium Finance Division.

See Also

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

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