Strs Ohio Invests $1.15 Million in Ameris Bancorp $ABCB

Strs Ohio bought a new position in shares of Ameris Bancorp (NASDAQ:ABCB) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 19,900 shares of the bank’s stock, valued at approximately $1,146,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ABCB. Captrust Financial Advisors boosted its stake in shares of Ameris Bancorp by 4.6% during the 4th quarter. Captrust Financial Advisors now owns 3,975 shares of the bank’s stock worth $249,000 after acquiring an additional 175 shares during the period. Cetera Investment Advisers acquired a new stake in Ameris Bancorp during the 4th quarter worth approximately $213,000. Deutsche Bank AG lifted its holdings in Ameris Bancorp by 50.3% during the 4th quarter. Deutsche Bank AG now owns 56,738 shares of the bank’s stock worth $3,550,000 after purchasing an additional 18,980 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Ameris Bancorp by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,478 shares of the bank’s stock worth $2,345,000 after purchasing an additional 1,448 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in Ameris Bancorp by 44.5% during the 4th quarter. ProShare Advisors LLC now owns 19,817 shares of the bank’s stock worth $1,240,000 after purchasing an additional 6,106 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, DA Davidson set a $81.00 price target on Ameris Bancorp and gave the stock a “buy” rating in a report on Wednesday, July 30th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $72.14.

Ameris Bancorp Price Performance

Shares of NASDAQ ABCB opened at $74.10 on Thursday. The stock has a market capitalization of $5.08 billion, a PE ratio of 14.22 and a beta of 0.97. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.02 and a quick ratio of 1.00. The business has a fifty day moving average price of $70.03 and a two-hundred day moving average price of $63.11. Ameris Bancorp has a fifty-two week low of $48.27 and a fifty-two week high of $75.98.

Ameris Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Shareholders of record on Tuesday, September 30th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.80 annualized dividend and a yield of 1.1%. Ameris Bancorp’s payout ratio is currently 14.08%.

Ameris Bancorp Company Profile

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.