10,355 Shares in Ameris Bancorp $ABCB Acquired by Fieldview Capital Management LLC

Fieldview Capital Management LLC acquired a new position in shares of Ameris Bancorp (NASDAQ:ABCB) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,355 shares of the bank’s stock, valued at approximately $759,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of Ameris Bancorp by 9.5% in the first quarter. Royal Bank of Canada now owns 29,288 shares of the bank’s stock worth $1,687,000 after purchasing an additional 2,546 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Ameris Bancorp by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,181 shares of the bank’s stock worth $2,256,000 after purchasing an additional 1,703 shares during the period. NewEdge Advisors LLC lifted its position in Ameris Bancorp by 36.7% during the first quarter. NewEdge Advisors LLC now owns 11,651 shares of the bank’s stock worth $671,000 after purchasing an additional 3,129 shares during the period. United Services Automobile Association acquired a new stake in Ameris Bancorp during the first quarter worth about $243,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Ameris Bancorp by 7.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 187,024 shares of the bank’s stock worth $10,767,000 after buying an additional 13,633 shares in the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ABCB has been the subject of several analyst reports. Stephens boosted their target price on shares of Ameris Bancorp from $79.00 to $87.00 and gave the company an “equal weight” rating in a research report on Monday, February 2nd. Truist Financial boosted their price objective on shares of Ameris Bancorp from $83.00 to $86.00 and gave the company a “hold” rating in a research report on Monday, February 2nd. DA Davidson set a $94.00 target price on Ameris Bancorp in a report on Monday, February 2nd. Finally, Keefe, Bruyette & Woods lifted their price target on Ameris Bancorp from $82.00 to $88.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Ameris Bancorp has an average rating of “Moderate Buy” and an average target price of $86.50.

Ameris Bancorp Trading Up 0.2%

Shares of Ameris Bancorp stock opened at $76.55 on Wednesday. The firm’s 50 day moving average is $80.36 and its 200 day moving average is $76.47. The firm has a market capitalization of $5.20 billion, a PE ratio of 14.69 and a beta of 0.97. Ameris Bancorp has a 1 year low of $48.27 and a 1 year high of $87.98. 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 (NASDAQ:ABCB) last issued its earnings results on Thursday, January 29th. The bank reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. Ameris Bancorp had a net margin of 21.46% and a return on equity of 9.57%. The firm had revenue of $309.92 million for the quarter, compared to analyst estimates of $310.48 million. During the same quarter last year, the business posted $1.38 earnings per share. Equities research analysts forecast that Ameris Bancorp will post 4.99 earnings per share for the current fiscal year.

Ameris Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Wednesday, December 31st were given a $0.20 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.80 annualized dividend and a yield of 1.0%. Ameris Bancorp’s dividend payout ratio (DPR) is currently 13.33%.

Ameris Bancorp Company Profile

Ameris Bancorp is a bank holding company headquartered in Atlanta, Georgia. Through its principal subsidiary, Ameris Bank, the company offers a broad range of commercial and retail banking services to individuals, small businesses, middle market companies and agricultural customers. Its core business lines encompass deposit services, lending solutions, treasury management, mortgage origination and servicing, insurance products and wealth management.

Ameris Bancorp operates a network of branches and loan production offices across the southeastern United States, including Georgia, Alabama, Florida, North Carolina, South Carolina and Tennessee.