Mizuho Trust & Banking Co. Ltd. maintained its position in Ameris Bancorp (NASDAQ:ABCB) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 157,600 shares of the company’s stock at the end of the third quarter. Mizuho Trust & Banking Co. Ltd. owned 0.45% of Ameris Bancorp worth $5,508,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PineBridge Investments L.P. boosted its position in Ameris Bancorp by 3.4% in the second quarter. PineBridge Investments L.P. now owns 3,514 shares of the company’s stock valued at $104,000 after buying an additional 116 shares during the last quarter. BlackRock Inc. boosted its position in Ameris Bancorp by 95.9% in the second quarter. BlackRock Inc. now owns 4,042 shares of the company’s stock valued at $121,000 after buying an additional 1,979 shares during the last quarter. Mason Street Advisors LLC bought a new position in Ameris Bancorp during the second quarter valued at approximately $162,000. Commerce Bank bought a new position in Ameris Bancorp during the second quarter valued at approximately $263,000. Finally, BNP Paribas Arbitrage SA boosted its position in Ameris Bancorp by 123.5% in the second quarter. BNP Paribas Arbitrage SA now owns 8,941 shares of the company’s stock valued at $266,000 after buying an additional 4,940 shares during the last quarter. 82.31% of the stock is owned by hedge funds and other institutional investors.
Shares of Ameris Bancorp (NASDAQ:ABCB) remained flat at $44.45 during mid-day trading on Thursday. The stock had a trading volume of 162,954 shares. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 22.33 and a beta of 1.30. Ameris Bancorp has a 12-month low of $24.96 and a 12-month high of $44.55. The company’s 50 day moving average price is $37.94 and its 200-day moving average price is $33.82.
Ameris Bancorp (NASDAQ:ABCB) last issued its earnings results on Monday, October 17th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.02. Ameris Bancorp had a return on equity of 12.31% and a net margin of 20.46%. On average, analysts expect that Ameris Bancorp will post $2.15 earnings per share for the current year.
Several research analysts recently commented on the company. Zacks Investment Research cut Ameris Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. Sandler O’Neill downgraded Ameris Bancorp from a “buy” rating to a “hold” rating and lifted their price target for the stock from $36.00 to $38.00 in a report on Tuesday, September 27th.
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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