Ameris Bancorp (NASDAQ:ABCB) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Ameris Bancorp (NASDAQ:ABCB) have been given a consensus recommendation of “Moderate Buy” by the seven research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $72.1429.

Separately, DA Davidson set a $81.00 target price on Ameris Bancorp and gave the stock a “buy” rating in a research report on Wednesday, July 30th.

Ameris Bancorp Trading Down 0.3%

Shares of ABCB opened at $73.36 on Tuesday. The stock’s 50-day moving average is $68.14 and its two-hundred day moving average is $62.30. The stock has a market cap of $5.03 billion, a PE ratio of 14.08 and a beta of 0.96. Ameris Bancorp has a 12 month low of $48.27 and a 12 month high of $74.56. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 7th. Stockholders of record on Monday, June 30th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, June 30th. Ameris Bancorp’s payout ratio is presently 14.08%.

Institutional Trading of Ameris Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Hohimer Wealth Management LLC purchased a new stake in shares of Ameris Bancorp during the second quarter worth about $250,000. Public Sector Pension Investment Board increased its holdings in Ameris Bancorp by 7.2% in the second quarter. Public Sector Pension Investment Board now owns 219,972 shares of the bank’s stock valued at $14,232,000 after buying an additional 14,840 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Ameris Bancorp by 86.1% in the second quarter. Tower Research Capital LLC TRC now owns 8,871 shares of the bank’s stock valued at $574,000 after buying an additional 4,103 shares during the last quarter. State of Tennessee Department of Treasury increased its holdings in Ameris Bancorp by 11.0% in the second quarter. State of Tennessee Department of Treasury now owns 35,326 shares of the bank’s stock valued at $2,286,000 after buying an additional 3,510 shares during the last quarter. Finally, Captrust Financial Advisors increased its holdings in Ameris Bancorp by 31.5% in the second quarter. Captrust Financial Advisors now owns 6,121 shares of the bank’s stock valued at $396,000 after buying an additional 1,465 shares during the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

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.