Dimensional Fund Advisors LP decreased its stake in Ameris Bancorp (NASDAQ:ABCB) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,421,398 shares of the company’s stock after selling 10,800 shares during the period. Dimensional Fund Advisors LP owned about 4.08% of Ameris Bancorp worth $42,216,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Commerce Bank purchased a new position in Ameris Bancorp during the second quarter valued at approximately $263,000. BNP Paribas Arbitrage SA raised its position in Ameris Bancorp by 123.5% in the second quarter. BNP Paribas Arbitrage SA now owns 8,941 shares of the company’s stock valued at $266,000 after buying an additional 4,940 shares during the period. Barclays PLC purchased a new position in Ameris Bancorp during the first quarter valued at approximately $296,000. New York State Teachers Retirement System raised its position in Ameris Bancorp by 3.5% in the second quarter. New York State Teachers Retirement System now owns 11,900 shares of the company’s stock valued at $353,000 after buying an additional 400 shares during the period. Finally, Capstone Asset Management Co. raised its position in Ameris Bancorp by 19.2% in the second quarter. Capstone Asset Management Co. now owns 14,270 shares of the company’s stock valued at $424,000 after buying an additional 2,300 shares during the period. Hedge funds and other institutional investors own 80.12% of the company’s stock.
Shares of Ameris Bancorp (NASDAQ:ABCB) opened at 35.78 on Friday. The stock has a 50 day moving average of $35.24 and a 200-day moving average of $32.14. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 19.21 and a beta of 1.33. Ameris Bancorp has a 1-year low of $24.96 and a 1-year high of $36.31.
Ameris Bancorp (NASDAQ:ABCB) last posted its quarterly earnings data on Friday, July 22nd. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.04. Ameris Bancorp had a net margin of 19.56% and a return on equity of 12.02%. Equities analysts anticipate that Ameris Bancorp will post $2.12 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 11th. Stockholders of record on Friday, September 30th were paid a $0.10 dividend. This is a positive change from Ameris Bancorp’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $0.40 annualized dividend and a dividend yield of 1.12%. Ameris Bancorp’s dividend payout ratio (DPR) is presently 21.62%.
A number of brokerages have issued reports on ABCB. Zacks Investment Research upgraded shares of Ameris Bancorp from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Tuesday, July 26th. Keefe, Bruyette & Woods upped their price target on shares of Ameris Bancorp from $31.00 to $35.00 and gave the company a “market perform” rating in a research note on Monday, July 25th. Finally, Sandler O’Neill lowered shares of Ameris Bancorp from a “buy” rating to a “hold” rating and upped their price target for the company from $36.00 to $38.00 in a research note on Tuesday, September 27th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $34.30.
About Ameris Bancorp
Ameris Bancorp is a financial holding company. The Company’s business is conducted through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. The Company operates through four segments: the Banking Division, the Retail Mortgage Division, the Warehouse Lending Division and the SBA Division.
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