Trexquant Investment LP Makes New Investment in Ameris Bancorp (NASDAQ:ABCB)

Trexquant Investment LP bought a new position in shares of Ameris Bancorp (NASDAQ:ABCBFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,859 shares of the bank’s stock, valued at approximately $205,000.

A number of other institutional investors have also recently bought and sold shares of ABCB. GAMMA Investing LLC acquired a new stake in Ameris Bancorp during the 4th quarter worth $31,000. Xponance Inc. acquired a new stake in Ameris Bancorp during the 4th quarter worth $211,000. Mackenzie Financial Corp acquired a new stake in Ameris Bancorp during the 4th quarter worth $218,000. Sequoia Financial Advisors LLC acquired a new stake in Ameris Bancorp during the 4th quarter worth $219,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in Ameris Bancorp during the 3rd quarter worth $223,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Stephens reaffirmed an “equal weight” rating and set a $53.00 target price on shares of Ameris Bancorp in a report on Friday, April 26th. StockNews.com raised shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Truist Financial reduced their price target on shares of Ameris Bancorp from $60.00 to $54.00 and set a “buy” rating on the stock in a research report on Monday, April 1st. Finally, Piper Sandler lifted their price target on shares of Ameris Bancorp from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $52.00.

View Our Latest Stock Report on Ameris Bancorp

Ameris Bancorp Trading Up 0.5 %

ABCB opened at $47.55 on Thursday. The stock has a market capitalization of $3.29 billion, a P/E ratio of 11.57 and a beta of 1.06. Ameris Bancorp has a 12 month low of $32.05 and a 12 month high of $53.99. The firm’s fifty day simple moving average is $47.91 and its 200 day simple moving average is $48.17. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.22.

Ameris Bancorp (NASDAQ:ABCBGet Free Report) last posted its quarterly earnings data on Friday, April 26th. The bank reported $1.10 EPS for the quarter, beating the consensus estimate of $1.04 by $0.06. The business had revenue of $267.27 million for the quarter, compared to analysts’ expectations of $258.05 million. Ameris Bancorp had a net margin of 18.06% and a return on equity of 8.62%. The firm’s revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 EPS. As a group, research analysts anticipate that Ameris Bancorp will post 4.59 EPS for the current fiscal year.

Ameris Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 8th. Investors of record on Sunday, March 31st were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.60 annualized dividend and a yield of 1.26%. Ameris Bancorp’s dividend payout ratio is currently 14.60%.

About Ameris Bancorp

(Free Report)

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.

See Also

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

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