Ameris Bancorp (NASDAQ:ABCB) insider James A. Lahaise sold 14,200 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $46.58, for a total transaction of $661,436.00. Following the completion of the sale, the insider now owns 73,986 shares of the company’s stock, valued at $3,446,267.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Ameris Bancorp (ABCB) opened at $48.30 on Friday. Ameris Bancorp has a 1-year low of $41.05 and a 1-year high of $51.30. The stock has a market cap of $1,725.66, a P/E ratio of 18.69 and a beta of 1.19. The company has a current ratio of 1.07, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11.
Ameris Bancorp (NASDAQ:ABCB) last released its earnings results on Thursday, October 19th. The bank reported $0.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $96.89 million. sell-side analysts predict that Ameris Bancorp will post 2.48 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. lifted its holdings in shares of Ameris Bancorp by 8.4% during the second quarter. Ameritas Investment Partners Inc. now owns 3,188 shares of the bank’s stock valued at $154,000 after purchasing an additional 248 shares during the last quarter. Riverhead Capital Management LLC increased its position in shares of Ameris Bancorp by 119.8% during the second quarter. Riverhead Capital Management LLC now owns 3,297 shares of the bank’s stock valued at $159,000 after acquiring an additional 1,797 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Ameris Bancorp by 17.7% during the second quarter. Victory Capital Management Inc. now owns 4,125 shares of the bank’s stock valued at $199,000 after acquiring an additional 619 shares in the last quarter. Aperio Group LLC bought a new stake in shares of Ameris Bancorp during the third quarter valued at approximately $204,000. Finally, Flinton Capital Management LLC increased its position in shares of Ameris Bancorp by 101.6% during the second quarter. Flinton Capital Management LLC now owns 4,250 shares of the bank’s stock valued at $205,000 after acquiring an additional 2,142 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.
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.
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