Sheets Smith Wealth Management Reduces Stake in Ameris Bancorp (ABCB)

Since the start of the New Year, Ameris Bancorp (NASDAQ:ABCB) shares have seen a move of 8.03%. The firm purchased 34,826 shares of the bank's stock, valued at approximately $1,605,000. BlackRock Inc.'s holdings in Ameris Bancorp were worth $215,205,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company.

Sheets Smith Wealth Management lowered its position in Ameris Bancorp (NASDAQ:ABCB) by 4.2% during the second quarter, according to its most recent disclosure with the SEC. First Interstate Bank now owns 3,845 shares of the bank's stock valued at $177,000 after buying an additional 310 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its position in shares of Ameris Bancorp by 1.4% in the fourth quarter. LS Investment Advisors LLC now owns 2,901 shares of the bank's stock valued at $134,000 after buying an additional 1,620 shares during the last quarter. LS Investment Advisors LLC increased its position in shares of Ameris Bancorp by 126.5% in the first quarter. Louisiana State Employees Retirement System raised its position in shares of Ameris Bancorp by 6.4% in the first quarter. Victory Capital Management Inc. now owns 3,506 shares of the bank's stock worth $162,000 after buying an additional 55 shares in the last quarter. Arcus Capital Partners LLC boosted its position in shares of Ameris Bancorp by 3.1% in the first quarter.

At the moment 6 analysts are watching Ameris Bancorp (NASDAQ:ABCB), 1 rate it "Buy", 1 "Outperform", 4 "Underperform", 0 "Sell", while 0 "Hold". Wood maintained Ameris Bancorp (NASDAQ:ABCB) on Wednesday, August 19 with "Buy" rating. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 20.49 and a beta of 1.28. The firm's 50-day moving average is $45.88 and its 200-day moving average is $45.69.

Ameris Bancorp (NASDAQ:ABCB) last released its earnings results on Friday, April 21st. Ameris Bancorp had 12 analyst reports since August 14, 2015 according to SRatingsIntel. The company had revenue of $86.30 million for the quarter, compared to analysts' expectations of $86.84 million. On average, equities research analysts anticipate that Ameris Bancorp will post $2.60 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 10th. Shareholders of record on Friday, June 30th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Wednesday, June 28th. If you are viewing this news story on another site, it was copied illegally and republished in violation of USA and global trademark & copyright law. If you are viewing this piece on another publication, it was stolen and reposted in violation of USA and worldwide copyright legislation. The legal version of this news story can be viewed at https://www.chaffeybreeze.com/2017/07/22/ameris-bancorp-nasdaqabcb-earning-somewhat-favorable-media-coverage-study-shows-updated-updated.html.

A number of equities research analysts have commented on the company. Stephens reaffirmed a "buy" rating and set a $52.00 price target on shares of Ameris Bancorp in a research note on Friday, April 21st. ValuEngine upgraded Ameris Bancorp from a "hold" rating to a "buy" rating in a research report on Friday, June 2nd. BidaskClub upgraded shares of Ameris Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, June 30th. As per Monday, June 26, the company rating was maintained by Keefe Bruyette & Woods. Zacks Investment Research upgraded Ameris Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, April 14th.

9/27/2016-Sandler O'Neill was Downgraded by analysts at Sandler O'Neill from a "Buy " rating to a " Hold" rating. The stock has an average rating of "Hold" and an average price target of $49.33. EVP & CAO Cindi H. Lewis sold 3,200 shares at an average price of $46.00 on Thursday the 8th. The shares were sold at an average price of $47.38, for a total value of $710,700.00. Institutional investors and hedge funds own 84.17% of the company's stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1,060 shares valued at $49,820 were bought by McCague Elizabeth A on Monday, May 8. The stock was sold at an average price of $46.69, for a total value of $1,282,060.71. Swiss Fincl Bank owns 54,464 shares for 0% of their portfolio. Following the completion of the transaction, the executive vice president now owns 50,757 shares in the company, valued at approximately $2,397,253.11. In the last 90 days, insiders have acquired 1,860 shares of company stock valued at $84,541 and have sold 78,474 shares valued at $3,691,854.

On 12/16/2016 Ameris Bancorp announced a quarterly dividend of $0.10 0.89% with an ex dividend date of 12/28/2016 which will be payable on 1/10/2017.

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