Marshall Wace North America L.P. acquired a new stake in shares of Ameris Bancorp (NASDAQ:ABCB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 178,542 shares of the bank’s stock, valued at approximately $8,570,000. Marshall Wace North America L.P. owned approximately 0.48% of Ameris Bancorp at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its stake in Ameris Bancorp by 71.9% in the first quarter. Fisher Asset Management LLC now owns 82,669 shares of the bank’s stock valued at $3,811,000 after buying an additional 34,578 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Ameris Bancorp by 1.8% in the first quarter. Municipal Employees Retirement System of Michigan now owns 7,980 shares of the bank’s stock valued at $368,000 after buying an additional 140 shares in the last quarter. Mendon Capital Advisors Corp raised its stake in Ameris Bancorp by 28.8% in the first quarter. Mendon Capital Advisors Corp now owns 515,030 shares of the bank’s stock valued at $23,743,000 after buying an additional 115,030 shares in the last quarter. Next Century Growth Investors LLC bought a new stake in Ameris Bancorp during the first quarter valued at $14,552,000. Finally, BlackRock Inc. raised its stake in Ameris Bancorp by 83,097.4% in the first quarter. BlackRock Inc. now owns 4,668,206 shares of the bank’s stock valued at $215,205,000 after buying an additional 4,662,595 shares in the last quarter. Institutional investors own 84.55% of the company’s stock.

Ameris Bancorp (ABCB) opened at 44.40 on Friday. The stock has a 50 day moving average price of $45.76 and a 200 day moving average price of $46.17. The firm has a market capitalization of $1.65 billion, a P/E ratio of 19.07 and a beta of 1.27. Ameris Bancorp has a one year low of $33.80 and a one year high of $51.28.

Ameris Bancorp (NASDAQ:ABCB) last issued its quarterly earnings results on Friday, July 21st. The bank reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.02. The company had revenue of $91.35 million during the quarter, compared to the consensus estimate of $92.71 million. Ameris Bancorp had a return on equity of 12.52% and a net margin of 22.66%. On average, equities analysts predict that Ameris Bancorp will post $2.55 EPS for the current fiscal year.

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Several research analysts have recently commented on ABCB shares. ValuEngine raised Ameris Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research downgraded Ameris Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, July 26th. Stephens reissued a “buy” rating and issued a $54.00 target price on shares of Ameris Bancorp in a report on Friday, July 21st. BidaskClub downgraded Ameris Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $48.00 target price on shares of Ameris Bancorp in a report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $49.33.

In other news, CAO Cindi H. Lewis sold 3,200 shares of the stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $46.00, for a total value of $147,200.00. Following the transaction, the chief accounting officer now owns 70,578 shares of the company’s stock, valued at approximately $3,246,588. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Edwin W. Hortman, Jr. sold 27,459 shares of the stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $46.69, for a total transaction of $1,282,060.71. Following the completion of the transaction, the chief executive officer now directly owns 207,725 shares in the company, valued at approximately $9,698,680.25. The disclosure for this sale can be found here. 3.63% of the stock is owned by corporate insiders.

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

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