UBS Asset Management Americas Inc. Has $1.07 Million Stake in Ameris Bancorp (ABCB)

UBS Asset Management Americas Inc. grew its holdings in shares of Ameris Bancorp (NASDAQ:ABCB) by 11.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,239 shares of the bank’s stock after buying an additional 2,362 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Ameris Bancorp were worth $1,072,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Louisiana State Employees Retirement System grew its holdings in shares of Ameris Bancorp by 6.7% during the fourth quarter. Louisiana State Employees Retirement System now owns 16,000 shares of the bank’s stock valued at $771,000 after buying an additional 1,000 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Ameris Bancorp by 45.8% during the fourth quarter. Bank of Montreal Can now owns 3,188 shares of the bank’s stock valued at $153,000 after buying an additional 1,002 shares during the last quarter. American International Group Inc. grew its holdings in shares of Ameris Bancorp by 5.7% during the third quarter. American International Group Inc. now owns 28,860 shares of the bank’s stock valued at $1,385,000 after buying an additional 1,557 shares during the last quarter. Swiss National Bank grew its holdings in shares of Ameris Bancorp by 2.8% during the third quarter. Swiss National Bank now owns 62,164 shares of the bank’s stock valued at $2,984,000 after buying an additional 1,700 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Ameris Bancorp by 2.2% during the third quarter. Rhumbline Advisers now owns 80,523 shares of the bank’s stock valued at $3,865,000 after buying an additional 1,728 shares during the last quarter. Hedge funds and other institutional investors own 83.25% of the company’s stock.

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ABCB has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Ameris Bancorp from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a report on Tuesday, January 2nd. BidaskClub upgraded shares of Ameris Bancorp from a “buy” rating to a “strong-buy” rating in a report on Friday, March 9th. ValuEngine upgraded shares of Ameris Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Sandler O’Neill set a $57.00 price target on shares of Ameris Bancorp and gave the stock a “hold” rating in a report on Monday, January 29th. Finally, SunTrust Banks boosted their price target on shares of Ameris Bancorp from $10.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Ameris Bancorp presently has a consensus rating of “Buy” and an average target price of $55.33.

ABCB stock opened at $52.15 on Friday. Ameris Bancorp has a twelve month low of $41.05 and a twelve month high of $59.05. The firm has a market cap of $2,059.25, a PE ratio of 21.63 and a beta of 1.21. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42.

Ameris Bancorp (NASDAQ:ABCB) last released its quarterly earnings results on Friday, January 26th. The bank reported $0.63 earnings per share for the quarter, hitting the consensus estimate of $0.63. Ameris Bancorp had a net margin of 18.44% and a return on equity of 11.73%. The business had revenue of $89.90 million for the quarter, compared to analysts’ expectations of $96.28 million. During the same period in the previous year, the company earned $0.63 earnings per share. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. analysts predict that Ameris Bancorp will post 3.45 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Friday, March 30th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.77%. The ex-dividend date is Wednesday, March 28th. Ameris Bancorp’s dividend payout ratio (DPR) is presently 20.10%.

In other Ameris Bancorp news, COO Dennis J. Zember, Jr. sold 5,000 shares of Ameris Bancorp stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $54.81, for a total value of $274,050.00. Following the sale, the chief operating officer now owns 156,063 shares of the company’s stock, valued at $8,553,813.03. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Edwin W. Hortman, Jr. sold 10,000 shares of Ameris Bancorp stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $57.49, for a total transaction of $574,900.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,159 shares of company stock worth $2,575,646. 3.63% of the stock is owned by corporate insiders.

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Ameris Bancorp Company Profile

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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Institutional Ownership by Quarter for Ameris Bancorp (NASDAQ:ABCB)

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