Ameris Bancorp (ABCB) Shares Bought by Mesirow Financial Investment Management Equity Management

Mesirow Financial Investment Management Equity Management grew its stake in Ameris Bancorp (NASDAQ:ABCB) by 24.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 364,582 shares of the bank’s stock after buying an additional 72,144 shares during the period. Ameris Bancorp accounts for 1.5% of Mesirow Financial Investment Management Equity Management’s holdings, making the stock its 14th biggest position. Mesirow Financial Investment Management Equity Management owned 0.77% of Ameris Bancorp worth $16,662,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SeaCrest Wealth Management LLC acquired a new stake in shares of Ameris Bancorp in the second quarter worth $163,000. LPL Financial LLC acquired a new stake in shares of Ameris Bancorp in the first quarter worth $279,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Ameris Bancorp in the first quarter worth $295,000. Tower Research Capital LLC TRC acquired a new stake in shares of Ameris Bancorp in the second quarter worth $295,000. Finally, Raymond James & Associates acquired a new stake in shares of Ameris Bancorp in the second quarter worth $298,000. 78.07% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ ABCB opened at $42.33 on Tuesday. Ameris Bancorp has a 52-week low of $39.34 and a 52-week high of $59.05. The stock has a market capitalization of $1.98 billion, a PE ratio of 17.07 and a beta of 1.13. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.53.



Ameris Bancorp (NASDAQ:ABCB) last announced its earnings results on Friday, October 19th. The bank reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.01. Ameris Bancorp had a net margin of 17.99% and a return on equity of 11.14%. The business had revenue of $129.21 million for the quarter, compared to analyst estimates of $135.44 million. Research analysts predict that Ameris Bancorp will post 3.31 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 10th. Stockholders of record on Friday, September 28th were given a $0.10 dividend. The ex-dividend date was Thursday, September 27th. This represents a $0.40 annualized dividend and a dividend yield of 0.94%. Ameris Bancorp’s dividend payout ratio (DPR) is 16.13%.

Several research firms recently commented on ABCB. BidaskClub lowered shares of Ameris Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, July 13th. Stephens restated a “buy” rating and set a $62.00 price target on shares of Ameris Bancorp in a research report on Friday, July 13th. Keefe, Bruyette & Woods restated a “buy” rating and set a $61.00 price target on shares of Ameris Bancorp in a research report on Friday, July 27th. TheStreet lowered shares of Ameris Bancorp from a “b” rating to a “c+” rating in a research report on Friday, August 17th. Finally, Zacks Investment Research lowered shares of Ameris Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, September 6th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $57.67.

In related news, Director Leo J. Hill bought 2,000 shares of the company’s stock in a transaction dated Thursday, August 2nd. The shares were acquired at an average price of $48.38 per share, for a total transaction of $96,760.00. Following the completion of the transaction, the director now directly owns 18,984 shares in the company, valued at $918,445.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Elizabeth A. Mccague bought 1,000 shares of the company’s stock in a transaction dated Friday, August 24th. The stock was bought at an average price of $50.05 per share, for a total transaction of $50,050.00. Following the transaction, the director now owns 5,226 shares of the company’s stock, valued at $261,561.30. The disclosure for this purchase can be found here. 3.07% of the stock is owned by company insiders.

Ameris Bancorp Profile

Ameris Bancorp operates as the holding company for Ameris Bank that provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. The company operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, Small Business Administration Division, and Premium Finance Division.

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

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