Ameris Bancorp (NASDAQ:ABCB) Short Interest Down 7.6% in January

Ameris Bancorp (NASDAQ:ABCBGet Free Report) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 1,330,000 shares, a decline of 7.6% from the December 31st total of 1,440,000 shares. Based on an average daily volume of 411,000 shares, the days-to-cover ratio is presently 3.2 days. Currently, 2.0% of the company’s shares are sold short.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. DA Davidson reissued a “buy” rating on shares of Ameris Bancorp in a research report on Monday, January 15th. StockNews.com assumed coverage on Ameris Bancorp in a research report on Thursday, October 5th. They set a “sell” rating on the stock. Finally, Stephens reissued an “equal weight” rating and set a $53.00 target price on shares of Ameris Bancorp in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $49.00.

Check Out Our Latest Stock Analysis on Ameris Bancorp

Hedge Funds Weigh In On Ameris Bancorp

Hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP bought a new position in Ameris Bancorp in the 2nd quarter valued at $41,000. CWM LLC lifted its holdings in shares of Ameris Bancorp by 412.5% in the 2nd quarter. CWM LLC now owns 1,107 shares of the bank’s stock worth $38,000 after buying an additional 891 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Ameris Bancorp by 41.9% in the 3rd quarter. Federated Hermes Inc. now owns 1,269 shares of the bank’s stock worth $57,000 after buying an additional 375 shares during the period. State of Wyoming lifted its holdings in shares of Ameris Bancorp by 26.2% in the 4th quarter. State of Wyoming now owns 1,294 shares of the bank’s stock worth $61,000 after buying an additional 269 shares during the period. Finally, Point72 Hong Kong Ltd lifted its holdings in shares of Ameris Bancorp by 202.5% in the 1st quarter. Point72 Hong Kong Ltd now owns 2,211 shares of the bank’s stock worth $97,000 after buying an additional 1,480 shares during the period. Institutional investors own 90.98% of the company’s stock.

Ameris Bancorp Stock Performance

Shares of Ameris Bancorp stock opened at $51.96 on Wednesday. The stock’s fifty day moving average is $49.64 and its two-hundred day moving average is $43.33. The company has a market capitalization of $3.59 billion, a PE ratio of 13.32 and a beta of 1.12. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.19. Ameris Bancorp has a 52 week low of $28.33 and a 52 week high of $53.99.

Ameris Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 8th. Shareholders of record on Sunday, December 31st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.15%. The ex-dividend date was Thursday, December 28th. Ameris Bancorp’s dividend payout ratio (DPR) is presently 15.38%.

About Ameris Bancorp

(Get Free Report)

Ameris Bancorp operates as the bank holding company for Ameris Bank that provides range of banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, North Carolina, and South Carolina. It operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division, and Premium Finance Division.

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