3,713 Shares in Ameris Bancorp (NASDAQ:ABCB) Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. purchased a new stake in Ameris Bancorp (NASDAQ:ABCB) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,713 shares of the bank’s stock, valued at approximately $232,000.

A number of other institutional investors also recently modified their holdings of ABCB. Wealth Enhancement Advisory Services LLC lifted its stake in Ameris Bancorp by 2.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 12,503 shares of the bank’s stock valued at $780,000 after acquiring an additional 258 shares in the last quarter. GAMMA Investing LLC boosted its stake in Ameris Bancorp by 38.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,130 shares of the bank’s stock valued at $71,000 after purchasing an additional 311 shares during the period. CWM LLC boosted its stake in shares of Ameris Bancorp by 33.5% in the second quarter. CWM LLC now owns 1,310 shares of the bank’s stock valued at $66,000 after buying an additional 329 shares during the period. Arizona State Retirement System boosted its position in shares of Ameris Bancorp by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 18,359 shares of the bank’s stock worth $924,000 after acquiring an additional 331 shares in the last quarter. Finally, Blue Trust Inc. increased its position in Ameris Bancorp by 249.5% during the 3rd quarter. Blue Trust Inc. now owns 713 shares of the bank’s stock worth $44,000 after purchasing an additional 509 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Ameris Bancorp news, Director Robert Dale Ezzell sold 8,000 shares of Ameris Bancorp stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $69.91, for a total transaction of $559,280.00. Following the transaction, the director now directly owns 27,444 shares of the company’s stock, valued at $1,918,610.04. The trade was a 22.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Raymond James raised shares of Ameris Bancorp from a “market perform” rating to an “outperform” rating and set a $67.00 target price for the company in a research report on Monday, October 28th. Truist Financial decreased their target price on Ameris Bancorp from $73.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Stephens boosted their price target on Ameris Bancorp from $64.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. DA Davidson raised their price objective on shares of Ameris Bancorp from $61.00 to $76.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Ameris Bancorp from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Ameris Bancorp has an average rating of “Moderate Buy” and an average target price of $66.67.

Ameris Bancorp Price Performance

Shares of NASDAQ:ABCB opened at $68.07 on Thursday. Ameris Bancorp has a twelve month low of $41.00 and a twelve month high of $72.68. The stock’s 50 day moving average is $63.96 and its 200-day moving average is $57.26. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 14.18 and a beta of 1.01.

Ameris Bancorp (NASDAQ:ABCB) last released its quarterly earnings data on Thursday, October 24th. The bank reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.13. The firm had revenue of $424.86 million for the quarter, compared to the consensus estimate of $290.60 million. Ameris Bancorp had a net margin of 20.08% and a return on equity of 9.18%. During the same quarter in the prior year, the company posted $1.16 earnings per share. Sell-side analysts forecast that Ameris Bancorp will post 4.83 EPS for the current fiscal year.

Ameris Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 30th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, September 30th. This represents a $0.60 dividend on an annualized basis and a yield of 0.88%. Ameris Bancorp’s dividend payout ratio (DPR) is currently 12.50%.

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.