Capitolis Liquid Global Markets LLC Takes Position in Ameris Bancorp $ABCB

Capitolis Liquid Global Markets LLC bought a new position in shares of Ameris Bancorp (NASDAQ:ABCB) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 40,800 shares of the bank’s stock, valued at approximately $2,991,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ABCB. Envestnet Portfolio Solutions Inc. lifted its holdings in Ameris Bancorp by 3.0% in the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 5,231 shares of the bank’s stock worth $384,000 after purchasing an additional 153 shares in the last quarter. Inspire Investing LLC grew its holdings in Ameris Bancorp by 3.0% during the 3rd quarter. Inspire Investing LLC now owns 6,183 shares of the bank’s stock valued at $453,000 after buying an additional 181 shares in the last quarter. Covestor Ltd raised its position in shares of Ameris Bancorp by 51.5% during the third quarter. Covestor Ltd now owns 547 shares of the bank’s stock valued at $40,000 after buying an additional 186 shares during the last quarter. Journey Strategic Wealth LLC raised its position in shares of Ameris Bancorp by 5.0% during the second quarter. Journey Strategic Wealth LLC now owns 4,095 shares of the bank’s stock valued at $265,000 after buying an additional 194 shares during the last quarter. Finally, Verdence Capital Advisors LLC lifted its holdings in shares of Ameris Bancorp by 2.0% in the third quarter. Verdence Capital Advisors LLC now owns 9,730 shares of the bank’s stock worth $724,000 after buying an additional 195 shares in the last quarter. Institutional investors own 91.60% of the company’s stock.

Ameris Bancorp Trading Down 0.3%

ABCB stock opened at $75.10 on Monday. The firm has a fifty day moving average price of $80.42 and a 200 day moving average price of $76.52. Ameris Bancorp has a fifty-two week low of $48.27 and a fifty-two week high of $87.98. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.00 and a current ratio of 1.02. The firm has a market cap of $5.10 billion, a PE ratio of 14.41 and a beta of 0.97.

Ameris Bancorp (NASDAQ:ABCB) last released its quarterly earnings results on Thursday, January 29th. The bank reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. The company had revenue of $309.92 million for the quarter, compared to the consensus estimate of $310.48 million. Ameris Bancorp had a net margin of 21.46% and a return on equity of 9.57%. During the same quarter in the prior year, the firm earned $1.38 earnings per share. Sell-side analysts anticipate that Ameris Bancorp will post 4.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

About Ameris Bancorp

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.