Ameris Bancorp (ABCB) Shares Sold by Macquarie Group Ltd.

Macquarie Group Ltd. cut its position in Ameris Bancorp (NASDAQ:ABCB) by 44.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,567 shares of the bank’s stock after selling 13,966 shares during the quarter. Macquarie Group Ltd.’s holdings in Ameris Bancorp were worth $847,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ABCB. UBS Asset Management Americas Inc. boosted its position in shares of Ameris Bancorp by 241.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 18,909 shares of the bank’s stock valued at $872,000 after purchasing an additional 13,365 shares during the period. Parametric Portfolio Associates LLC boosted its position in shares of Ameris Bancorp by 154.0% in the 1st quarter. Parametric Portfolio Associates LLC now owns 40,344 shares of the bank’s stock valued at $1,860,000 after purchasing an additional 24,460 shares during the period. Victory Capital Management Inc. boosted its position in shares of Ameris Bancorp by 1.6% in the 1st quarter. Victory Capital Management Inc. now owns 3,506 shares of the bank’s stock valued at $162,000 after purchasing an additional 55 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in shares of Ameris Bancorp by 1.8% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 7,980 shares of the bank’s stock valued at $368,000 after purchasing an additional 140 shares during the period. Finally, OppenheimerFunds Inc. acquired a new stake in shares of Ameris Bancorp in the 1st quarter valued at about $279,000. 82.66% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Ameris Bancorp (ABCB) opened at 48.80 on Friday. The stock has a market capitalization of $1.81 billion, a P/E ratio of 20.96 and a beta of 1.30. Ameris Bancorp has a 1-year low of $35.15 and a 1-year high of $51.28. The firm’s 50-day moving average price is $47.15 and its 200 day moving average price is $46.18.

Ameris Bancorp (NASDAQ:ABCB) last issued its earnings results on Thursday, October 19th. The bank reported $0.63 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 company had revenue of $93.85 million during the quarter, compared to analyst estimates of $96.89 million. Analysts expect that Ameris Bancorp will post $2.48 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 10th. Shareholders of record on Friday, September 29th were paid 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 payout ratio is currently 17.62%.

ABCB has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $52.00 target price on shares of Ameris Bancorp in a research report on Thursday. Stephens reissued a “buy” rating and issued a $52.00 target price on shares of Ameris Bancorp in a research report on Thursday, September 28th. Zacks Investment Research raised Ameris Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. BidaskClub cut Ameris Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Piper Jaffray Companies reissued a “neutral” rating and issued a $47.50 target price on shares of Ameris Bancorp in a research report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Ameris Bancorp presently has a consensus rating of “Hold” and a consensus price target of $52.25.

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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.

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

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