Ameris Bancorp $ABCB Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its position in shares of Ameris Bancorp (NASDAQ:ABCB) by 73.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 492 shares of the bank’s stock after acquiring an additional 208 shares during the quarter. Farther Finance Advisors LLC’s holdings in Ameris Bancorp were worth $32,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in Ameris Bancorp by 4,935.2% during the first quarter. GAMMA Investing LLC now owns 67,069 shares of the bank’s stock worth $3,861,000 after purchasing an additional 65,737 shares during the period. Portside Wealth Group LLC raised its stake in Ameris Bancorp by 14.5% during the first quarter. Portside Wealth Group LLC now owns 4,870 shares of the bank’s stock worth $280,000 after purchasing an additional 617 shares during the period. SG Americas Securities LLC raised its stake in Ameris Bancorp by 408.0% during the first quarter. SG Americas Securities LLC now owns 15,800 shares of the bank’s stock worth $910,000 after purchasing an additional 12,690 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Ameris Bancorp by 7.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,479 shares of the bank’s stock worth $776,000 after purchasing an additional 922 shares during the period. Finally, QRG Capital Management Inc. raised its stake in Ameris Bancorp by 12.3% during the first quarter. QRG Capital Management Inc. now owns 5,206 shares of the bank’s stock worth $300,000 after purchasing an additional 569 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

Analyst Upgrades and Downgrades

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

Ameris Bancorp Price Performance

ABCB opened at $74.27 on Wednesday. The company has a fifty day simple moving average of $72.13 and a 200 day simple moving average of $64.72. The firm has a market cap of $5.09 billion, a price-to-earnings ratio of 14.26 and a beta of 0.94. Ameris Bancorp has a twelve month low of $48.27 and a twelve month high of $76.58. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.11.

Ameris Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 6th. Investors of record on Tuesday, September 30th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 30th. Ameris Bancorp’s dividend payout ratio (DPR) is presently 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.