William Blair Investment Management LLC Has $45.12 Million Stock Holdings in Ameris Bancorp $ABCB

William Blair Investment Management LLC trimmed its position in Ameris Bancorp (NASDAQ:ABCB) by 7.6% during the second quarter, Holdings Channel reports. The firm owned 697,361 shares of the bank’s stock after selling 57,197 shares during the quarter. William Blair Investment Management LLC’s holdings in Ameris Bancorp were worth $45,119,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. SageView Advisory Group LLC raised its holdings in shares of Ameris Bancorp by 2.5% in the 1st quarter. SageView Advisory Group LLC now owns 7,107 shares of the bank’s stock valued at $409,000 after purchasing an additional 176 shares during the period. State of Wyoming raised its holdings in shares of Ameris Bancorp by 8.3% in the 1st quarter. State of Wyoming now owns 2,346 shares of the bank’s stock valued at $135,000 after purchasing an additional 179 shares during the period. Verdence Capital Advisors LLC raised its holdings in shares of Ameris Bancorp by 1.9% in the 2nd quarter. Verdence Capital Advisors LLC now owns 9,535 shares of the bank’s stock valued at $617,000 after purchasing an additional 181 shares during the period. Yousif Capital Management LLC raised its holdings in shares of Ameris Bancorp by 0.8% in the 2nd quarter. Yousif Capital Management LLC now owns 24,303 shares of the bank’s stock valued at $1,572,000 after purchasing an additional 187 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in shares of Ameris Bancorp by 73.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 492 shares of the bank’s stock valued at $32,000 after purchasing an additional 208 shares during the period. 91.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, DA Davidson set a $81.00 target price on shares of Ameris Bancorp and gave the company a “buy” rating in a report on Wednesday, July 30th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $72.14.

Ameris Bancorp Stock Up 2.2%

Ameris Bancorp stock opened at $70.93 on Friday. The stock has a market cap of $4.87 billion, a P/E ratio of 13.61 and a beta of 0.94. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.11. Ameris Bancorp has a twelve month low of $48.27 and a twelve month high of $76.58. The company’s 50-day moving average price is $73.01 and its two-hundred day moving average price is $65.52.

Ameris Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 6th. Shareholders of record on Tuesday, September 30th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 30th. Ameris Bancorp’s dividend payout ratio is currently 14.08%.

Ameris Bancorp Company Profile

Ameris Bancorp operates as the bank holding company for Ameris Bank that provides range of banking services to retail and commercial customers. It operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division, and Premium Finance Division. The company offers commercial and retail checking, regular interest-bearing savings, money market, individual retirement, and certificates of deposit accounts.