Ameris Bancorp (ABCB) Position Trimmed by NWQ Investment Management Company LLC

NWQ Investment Management Company LLC decreased its position in shares of Ameris Bancorp (NASDAQ:ABCB) by 1.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,253,876 shares of the bank’s stock after selling 12,852 shares during the quarter. NWQ Investment Management Company LLC owned about 3.37% of Ameris Bancorp worth $60,186,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. lifted its stake in Ameris Bancorp by 8.4% in the second quarter. Ameritas Investment Partners Inc. now owns 3,188 shares of the bank’s stock valued at $154,000 after buying an additional 248 shares in the last quarter. Riverhead Capital Management LLC lifted its stake in Ameris Bancorp by 119.8% in the second quarter. Riverhead Capital Management LLC now owns 3,297 shares of the bank’s stock valued at $159,000 after buying an additional 1,797 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Ameris Bancorp by 17.7% in the second quarter. Victory Capital Management Inc. now owns 4,125 shares of the bank’s stock valued at $199,000 after buying an additional 619 shares in the last quarter. Aperio Group LLC bought a new position in Ameris Bancorp in the third quarter valued at approximately $204,000. Finally, Flinton Capital Management LLC lifted its stake in Ameris Bancorp by 101.6% in the second quarter. Flinton Capital Management LLC now owns 4,250 shares of the bank’s stock valued at $205,000 after buying an additional 2,142 shares in the last quarter. 82.01% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have weighed in on ABCB shares. Zacks Investment Research raised shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Piper Jaffray Companies set a $48.00 price target on shares of Ameris Bancorp and gave the company a “hold” rating in a research note on Friday, October 6th. ValuEngine lowered shares of Ameris Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $52.00 price objective on shares of Ameris Bancorp in a report on Thursday, October 26th. Finally, Stephens reiterated a “buy” rating and issued a $52.00 price objective on shares of Ameris Bancorp in a report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $52.25.

In other news, Director Leo J. Hill bought 1,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were acquired at an average cost of $42.75 per share, for a total transaction of $42,750.00. Following the completion of the acquisition, the director now owns 16,629 shares in the company, valued at $710,889.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.63% of the stock is owned by company insiders.

Shares of Ameris Bancorp (NASDAQ:ABCB) opened at $49.30 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.07 and a debt-to-equity ratio of 1.11. Ameris Bancorp has a fifty-two week low of $41.05 and a fifty-two week high of $51.30. The stock has a market cap of $1,852.24, a P/E ratio of 20.06 and a beta of 1.19.

Ameris Bancorp (NASDAQ:ABCB) last posted its quarterly earnings data on Thursday, October 19th. The bank reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.02). Ameris Bancorp had a net margin of 21.57% and a return on equity of 12.12%. The business had revenue of $93.85 million during the quarter, compared to analyst estimates of $96.89 million. sell-side analysts predict that Ameris Bancorp will post 2.48 EPS for the current fiscal year.

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Ameris Bancorp Profile

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.

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

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