Ameris Bancorp (NASDAQ:ABCB) Shares Acquired by Stephens Inc. AR

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Stephens Inc. AR increased its position in Ameris Bancorp (NASDAQ:ABCB) by 281.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,344 shares of the bank’s stock after acquiring an additional 10,587 shares during the period. Stephens Inc. AR’s holdings in Ameris Bancorp were worth $562,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in shares of Ameris Bancorp by 1,124.7% in the 1st quarter. Versant Capital Management Inc now owns 1,090 shares of the bank’s stock worth $37,000 after acquiring an additional 1,001 shares during the period. AdvisorNet Financial Inc increased its holdings in shares of Ameris Bancorp by 256.0% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,780 shares of the bank’s stock worth $70,000 after acquiring an additional 1,280 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Ameris Bancorp by 24.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,061 shares of the bank’s stock worth $120,000 after acquiring an additional 593 shares during the period. Pearl River Capital LLC acquired a new stake in shares of Ameris Bancorp in the 1st quarter worth about $148,000. Finally, First Interstate Bank increased its holdings in shares of Ameris Bancorp by 13.8% in the 1st quarter. First Interstate Bank now owns 7,354 shares of the bank’s stock worth $253,000 after acquiring an additional 889 shares during the period. 90.68% of the stock is currently owned by institutional investors and hedge funds.

Shares of ABCB opened at $36.62 on Thursday. Ameris Bancorp has a 52-week low of $29.97 and a 52-week high of $50.50. The company has a quick ratio of 0.97, a current ratio of 1.00 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average price of $38.01 and a 200 day moving average price of $37.40. The firm has a market capitalization of $2.56 billion, a PE ratio of 10.83 and a beta of 1.46.

Ameris Bancorp (NASDAQ:ABCB) last posted its quarterly earnings data on Friday, July 26th. The bank reported $0.96 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.96. Ameris Bancorp had a net margin of 26.23% and a return on equity of 12.01%. The company had revenue of $136.90 million during the quarter, compared to analyst estimates of $139.72 million. During the same quarter last year, the firm posted $0.74 EPS. The business’s revenue for the quarter was up 27.6% on a year-over-year basis. On average, equities analysts expect that Ameris Bancorp will post 3.79 EPS for the current year.

In other Ameris Bancorp news, Director Elizabeth A. Mccague acquired 800 shares of Ameris Bancorp stock in a transaction dated Tuesday, June 11th. The stock was bought at an average price of $37.50 per share, for a total transaction of $30,000.00. Following the transaction, the director now owns 7,692 shares in the company, valued at approximately $288,450. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.00% of the company’s stock.

A number of equities analysts recently issued reports on ABCB shares. BidaskClub lowered shares of Ameris Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. TheStreet upgraded shares of Ameris Bancorp from a “c+” rating to a “b-” rating in a research report on Wednesday, June 19th. Raymond James started coverage on shares of Ameris Bancorp in a research report on Thursday, July 11th. They issued an “outperform” rating and a $45.00 target price for the company. Zacks Investment Research upgraded shares of Ameris Bancorp from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Stephens reiterated a “buy” rating and issued a $52.00 target price on shares of Ameris Bancorp in a research report on Monday, July 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. Ameris Bancorp presently has an average rating of “Buy” and an average target price of $46.60.

About Ameris Bancorp

Ameris Bancorp operates as the bank holding company for Ameris Bank that provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. The company operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division, and Premium Finance Division.

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

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