Ameris Bancorp’s (ABCB) “Outperform” Rating Reiterated at Raymond James

Raymond James reiterated their outperform rating on shares of Ameris Bancorp (NASDAQ:ABCB) in a research report released on Monday,Benzinga reports. Raymond James currently has a $71.00 price target on the bank’s stock, up from their previous price target of $67.00.

Several other equities analysts also recently commented on ABCB. Stephens reaffirmed an “equal weight” rating and issued a $71.00 price target on shares of Ameris Bancorp in a research note on Friday, January 31st. Keefe, Bruyette & Woods raised their target price on shares of Ameris Bancorp from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Truist Financial lowered their price objective on shares of Ameris Bancorp from $73.00 to $68.00 and set a “buy” rating for the company in a report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Ameris Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $70.50.

Ameris Bancorp Trading Up 1.5 %

Shares of ABCB stock opened at $67.88 on Monday. The business has a 50-day moving average price of $64.82 and a two-hundred day moving average price of $63.23. The firm has a market cap of $4.69 billion, a P/E ratio of 13.03 and a beta of 1.06. Ameris Bancorp has a 12-month low of $44.22 and a 12-month high of $74.56. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.11.

Ameris Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Tuesday, December 31st were given a $0.20 dividend. This is a boost from Ameris Bancorp’s previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, December 31st. This represents a $0.80 dividend on an annualized basis and a yield of 1.18%. Ameris Bancorp’s dividend payout ratio is presently 15.36%.

Institutional Trading of Ameris Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. increased its position in Ameris Bancorp by 4.5% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 3,880 shares of the bank’s stock worth $243,000 after purchasing an additional 167 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Ameris Bancorp by 17.9% during the 4th quarter. GAMMA Investing LLC now owns 1,332 shares of the bank’s stock valued at $83,000 after buying an additional 202 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Ameris Bancorp by 2.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 12,503 shares of the bank’s stock valued at $780,000 after acquiring an additional 258 shares during the last quarter. Savant Capital LLC lifted its holdings in shares of Ameris Bancorp by 3.8% in the 4th quarter. Savant Capital LLC now owns 7,371 shares of the bank’s stock valued at $461,000 after acquiring an additional 267 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in Ameris Bancorp by 56.1% during the fourth quarter. Blue Trust Inc. now owns 1,113 shares of the bank’s stock worth $69,000 after acquiring an additional 400 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

Ameris Bancorp Company Profile

Ameris Bancorp operates as the bank holding company for Ameris Bank that provides range of banking services to retail and commercial customers. It operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division, and Premium Finance Division. The company offers commercial and retail checking, regular interest-bearing savings, money market, individual retirement, and certificates of deposit accounts.