Gw&K Investment Management Reduces $1M in Ameris Bancorp ($ABCB)
Key Points
- Gw&K Investment Management changed its Ameris Bancorp ($ABCB) stake by 2.59% last quarter, cutting to 544,906 shares worth $49.28 million.
- Wall Street's consensus rating on $ABCB is Buy and an average price target of $94.17.
- $ABCB last traded around $90.43.
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Gw&K Investment Management trimmed its position in Ameris Bancorp ($ABCB) by 2.59% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 544,906 shares of Ameris Bancorp after selling 14,506 shares during the quarter. Gw&K Investment Management's holdings in Ameris Bancorp were worth $49.28 million as of its most recent filing.
Ameris Bancorp Stock Up 5.7%
Shares of Ameris Bancorp ($ABCB) traded around $90.43 on Saturday, up 5.7% for the day.
Ameris Bancorp Earnings
Ameris Bancorp Dividend
Analysts Set New Price Targets
About Ameris Bancorp
Ameris Bancorp operates as the bank holding company for Ameris Bank that provides various banking services to retail and commercial customers. It operates through four segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, and Premium Finance Division. The company offers commercial and retail checking, interest-bearing savings, money market, individual retirement, and certificates of deposit accounts. It also provides commercial real estate, residential real estate mortgage, agricultural, and commercial and industrial loans; consumer loans, including home improvement and home equity loans, as well as loans secured by savings accounts and personal credit lines. In addition, the company originates, administers, and services commercial insurance premium loans; equipment finance loans; and small business administration loans. Further, it operates full-service domestic banking offices, and mortgage and loan production offices. Ameris Bancorp was founded in 1971 and is headquartered in Atlanta, Georgia.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.