Janney Montgomery Scott LLC Has $745,000 Stake in Ameris Bancorp $ABCB

Janney Montgomery Scott LLC increased its position in shares of Ameris Bancorp (NASDAQ:ABCB) by 4.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,517 shares of the bank’s stock after acquiring an additional 451 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Ameris Bancorp were worth $745,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Fort Washington Investment Advisors Inc. OH bought a new position in Ameris Bancorp during the 2nd quarter worth approximately $21,850,000. State of Alaska Department of Revenue boosted its stake in Ameris Bancorp by 7.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 38,392 shares of the bank’s stock worth $2,483,000 after acquiring an additional 2,552 shares during the last quarter. Congress Asset Management Co. boosted its stake in Ameris Bancorp by 1.0% during the 2nd quarter. Congress Asset Management Co. now owns 943,041 shares of the bank’s stock worth $61,015,000 after acquiring an additional 9,548 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new position in Ameris Bancorp during the 2nd quarter worth approximately $345,000. Finally, GAMMA Investing LLC boosted its stake in Ameris Bancorp by 52.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,777 shares of the bank’s stock worth $115,000 after acquiring an additional 612 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

Ameris Bancorp Price Performance

NASDAQ ABCB opened at $73.59 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.11. Ameris Bancorp has a 12-month low of $48.27 and a 12-month high of $76.58. The company has a market capitalization of $5.05 billion, a PE ratio of 14.13 and a beta of 0.94. The firm’s 50 day moving average is $72.87 and its 200-day moving average is $65.29.

Ameris Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 6th. Stockholders of record on Tuesday, September 30th were issued a $0.20 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. Ameris Bancorp’s dividend payout ratio (DPR) is 14.08%.

Analyst Ratings Changes

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

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.