6,148 Shares in Ameris Bancorp (ABCB) Purchased by Susquehanna International Group LLP

Susquehanna International Group LLP purchased a new position in shares of Ameris Bancorp (NASDAQ:ABCB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,148 shares of the bank’s stock, valued at approximately $296,000.

A number of other large investors have also recently added to or reduced their stakes in ABCB. Ameritas Investment Partners Inc. acquired a new position in Ameris Bancorp during the first quarter worth $136,000. Riverhead Capital Management LLC lifted its stake in Ameris Bancorp by 119.8% during the second quarter. Riverhead Capital Management LLC now owns 3,297 shares of the bank’s stock worth $159,000 after purchasing an additional 1,797 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Ameris Bancorp by 1.6% during the first quarter. Victory Capital Management Inc. now owns 3,506 shares of the bank’s stock worth $162,000 after purchasing an additional 55 shares in the last quarter. Flinton Capital Management LLC lifted its stake in Ameris Bancorp by 101.6% during the second quarter. Flinton Capital Management LLC now owns 4,250 shares of the bank’s stock worth $205,000 after purchasing an additional 2,142 shares in the last quarter. Finally, Amalgamated Bank acquired a new position in Ameris Bancorp during the first quarter worth $210,000. Institutional investors own 82.40% of the company’s stock.

A number of research analysts have commented on ABCB shares. BidaskClub upgraded Ameris Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Zacks Investment Research upgraded Ameris Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Keefe, Bruyette & Woods restated a “hold” rating and set a $51.00 price target on shares of Ameris Bancorp in a research note on Monday, June 26th. Stephens restated a “buy” rating and set a $54.00 price target on shares of Ameris Bancorp in a research note on Friday, July 21st. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $48.00 price objective on shares of Ameris Bancorp in a research note on Friday, July 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $51.50.

In other news, Director Leo J. Hill acquired 1,000 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were purchased at an average price of $42.75 per share, for a total transaction of $42,750.00. Following the acquisition, the director now directly owns 16,629 shares of the company’s stock, valued at approximately $710,889.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.63% of the company’s stock.

WARNING: This piece was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/16/6148-shares-in-ameris-bancorp-abcb-purchased-by-susquehanna-international-group-llp.html.

Shares of Ameris Bancorp (NASDAQ:ABCB) opened at 49.30 on Monday. The stock has a 50 day moving average price of $45.83 and a 200 day moving average price of $45.94. Ameris Bancorp has a 52 week low of $35.15 and a 52 week high of $51.28. The firm has a market capitalization of $1.83 billion, a PE ratio of 21.18 and a beta of 1.29.

Ameris Bancorp (NASDAQ:ABCB) last announced its quarterly earnings results on Friday, July 21st. The bank reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). Ameris Bancorp had a return on equity of 12.52% and a net margin of 22.66%. The business had revenue of $91.35 million for the quarter, compared to analysts’ expectations of $92.71 million. Equities analysts forecast that Ameris Bancorp will post $2.53 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 10th. Shareholders of record on Friday, September 29th were issued a $0.10 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.82%. Ameris Bancorp’s dividend payout ratio is currently 17.09%.

About Ameris Bancorp

A number of other large investors have also recently added to or reduced their stakes in ABCB. Ameritas Investment Partners Inc. acquired a new position in Ameris Bancorp during the first quarter worth $136,000. Riverhead Capital Management LLC lifted its stake in Ameris Bancorp by 119.8% during the second quarter. Riverhead Capital Management LLC now owns 3,297 shares of the bank’s stock worth $159,000 after purchasing an additional 1,797 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Ameris Bancorp by 1.6% during the first quarter. Victory Capital Management Inc. now owns 3,506 shares of the bank’s stock worth $162,000 after purchasing an additional 55 shares in the last quarter. Flinton Capital Management LLC lifted its stake in Ameris Bancorp by 101.6% during the second quarter. Flinton Capital Management LLC now owns 4,250 shares of the bank’s stock worth $205,000 after purchasing an additional 2,142 shares in the last quarter. Finally, Amalgamated Bank acquired a new position in Ameris Bancorp during the first quarter worth $210,000. Institutional investors own 82.40% of the company’s stock.

A number of research analysts have commented on ABCB shares. BidaskClub upgraded Ameris Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Zacks Investment Research upgraded Ameris Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Keefe, Bruyette & Woods restated a “hold” rating and set a $51.00 price target on shares of Ameris Bancorp in a research note on Monday, June 26th. Stephens restated a “buy” rating and set a $54.00 price target on shares of Ameris Bancorp in a research note on Friday, July 21st. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $48.00 price objective on shares of Ameris Bancorp in a research note on Friday, July 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $51.50.

In other news, Director Leo J. Hill acquired 1,000 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were purchased at an average price of $42.75 per share, for a total transaction of $42,750.00. Following the acquisition, the director now directly owns 16,629 shares of the company’s stock, valued at approximately $710,889.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.63% of the company’s stock.

WARNING: This piece was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/16/6148-shares-in-ameris-bancorp-abcb-purchased-by-susquehanna-international-group-llp.html.

Shares of Ameris Bancorp (NASDAQ:ABCB) opened at 49.30 on Monday. The stock has a 50 day moving average price of $45.83 and a 200 day moving average price of $45.94. Ameris Bancorp has a 52 week low of $35.15 and a 52 week high of $51.28. The firm has a market capitalization of $1.83 billion, a PE ratio of 21.18 and a beta of 1.29.

Ameris Bancorp (NASDAQ:ABCB) last announced its quarterly earnings results on Friday, July 21st. The bank reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). Ameris Bancorp had a return on equity of 12.52% and a net margin of 22.66%. The business had revenue of $91.35 million for the quarter, compared to analysts’ expectations of $92.71 million. Equities analysts forecast that Ameris Bancorp will post $2.53 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 10th. Shareholders of record on Friday, September 29th were issued a $0.10 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.82%. Ameris Bancorp’s dividend payout ratio is currently 17.09%.

About Ameris Bancorp

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.

Want to see what other hedge funds are holding ABCB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ameris Bancorp (NASDAQ:ABCB).

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

Receive News & Ratings for Ameris Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameris Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply