California Public Employees Retirement System lessened its position in Ameris Bancorp (NASDAQ:ABCB) by 2.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,029 shares of the bank’s stock after selling 1,126 shares during the period. California Public Employees Retirement System’s holdings in Ameris Bancorp were worth $1,890,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Ameris Bancorp by 2.5% in the 4th quarter. BlackRock Inc. now owns 6,039,221 shares of the bank’s stock valued at $191,263,000 after purchasing an additional 147,175 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Ameris Bancorp by 7.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,687,522 shares of the bank’s stock valued at $53,444,000 after buying an additional 116,733 shares during the last quarter. Polaris Capital Management LLC raised its holdings in shares of Ameris Bancorp by 2.4% in the fourth quarter. Polaris Capital Management LLC now owns 1,072,565 shares of the bank’s stock valued at $33,968,000 after buying an additional 24,900 shares during the last quarter. Mendon Capital Advisors Corp raised its holdings in shares of Ameris Bancorp by 20.2% in the fourth quarter. Mendon Capital Advisors Corp now owns 1,031,747 shares of the bank’s stock valued at $32,675,000 after buying an additional 173,046 shares during the last quarter. Finally, GW&K Investment Management LLC raised its holdings in shares of Ameris Bancorp by 18.3% in the fourth quarter. GW&K Investment Management LLC now owns 1,005,581 shares of the bank’s stock valued at $31,847,000 after buying an additional 155,874 shares during the last quarter. Institutional investors own 87.03% of the company’s stock.

A number of research analysts recently issued reports on ABCB shares. BidaskClub raised Ameris Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, February 20th. Zacks Investment Research cut Ameris Bancorp from a “hold” rating to a “sell” rating in a report on Friday, February 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $51.50.

Ameris Bancorp stock opened at $37.75 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.96 and a quick ratio of 0.95. Ameris Bancorp has a 12-month low of $29.97 and a 12-month high of $58.10. The stock has a market capitalization of $1.81 billion, a P/E ratio of 10.82 and a beta of 1.44.

Ameris Bancorp (NASDAQ:ABCB) last released its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.02). Ameris Bancorp had a net margin of 23.09% and a return on equity of 11.24%. The business had revenue of $130.20 million during the quarter, compared to the consensus estimate of $130.90 million. During the same period in the prior year, the firm earned $0.73 earnings per share. The business’s quarterly revenue was up 36.6% compared to the same quarter last year. As a group, sell-side analysts predict that Ameris Bancorp will post 4 EPS for the current fiscal year.

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Ameris Bancorp Company Profile

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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