Perella Weinberg chairman Peter A. Weinberg sells $3.58m in stockQuest Partners LLC decreased its position in Ameris Bancorp ( NASDAQ:ABCB – Free Report ) by 82.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,391 shares of the bank’s stock after selling 44,787 shares during the quarter. Quest Partners LLC’s holdings in Ameris Bancorp were worth $586,000 at the end of the most recent reporting period. Other institutional investors have also recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. acquired a new stake in shares of Ameris Bancorp during the second quarter worth approximately $33,000. Blue Trust Inc. raised its position in Ameris Bancorp by 249.5% in the 3rd quarter. Blue Trust Inc. now owns 713 shares of the bank’s stock valued at $44,000 after purchasing an additional 509 shares during the last quarter. GAMMA Investing LLC boosted its stake in Ameris Bancorp by 66.1% in the second quarter. GAMMA Investing LLC now owns 819 shares of the bank’s stock worth $41,000 after purchasing an additional 326 shares in the last quarter. CWM LLC grew its holdings in shares of Ameris Bancorp by 33.5% during the second quarter. CWM LLC now owns 1,310 shares of the bank’s stock worth $66,000 after purchasing an additional 329 shares during the last quarter. Finally, US Bancorp DE increased its stake in shares of Ameris Bancorp by 3,396.4% in the third quarter. US Bancorp DE now owns 1,923 shares of the bank’s stock valued at $120,000 after buying an additional 1,868 shares in the last quarter. 91.64% of the stock is owned by institutional investors. Ameris Bancorp Trading Up 2.9 % NASDAQ ABCB opened at $71.79 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Ameris Bancorp has a 12 month low of $41.00 and a 12 month high of $72.68. The company has a market capitalization of $4.96 billion, a PE ratio of 14.96 and a beta of 1.01. The stock has a 50-day simple moving average of $64.38 and a 200 day simple moving average of $57.50. Ameris Bancorp Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Monday, September 30th. Ameris Bancorp’s payout ratio is presently 12.50%. Insiders Place Their Bets In related news, Director Robert Dale Ezzell sold 8,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $69.91, for a total transaction of $559,280.00. Following the completion of the transaction, the director now owns 27,444 shares in the company, valued at approximately $1,918,610.04. This represents a 22.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . Corporate insiders own 5.50% of the company’s stock. Analyst Ratings Changes ABCB has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of Ameris Bancorp from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. StockNews.com raised shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Truist Financial decreased their price objective on Ameris Bancorp from $73.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Stephens boosted their target price on Ameris Bancorp from $64.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Finally, Raymond James upgraded Ameris Bancorp from a “market perform” rating to an “outperform” rating and set a $67.00 price target on the stock in a report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Ameris Bancorp currently has an average rating of “Moderate Buy” and an average target price of $66.67. View Our Latest Report on Ameris Bancorp Ameris Bancorp Company Profile ( Free Report ) 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. Further Reading Receive News & Ratings for Ameris Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameris Bancorp and related companies with MarketBeat.com's FREE daily email newsletter .Chief 'disappointed' to see clean water used as a political tactic by Conservatives
Alphabet -owned Waymo announced Monday that it will start testing its autonomous vehicles in Tokyo in early 2025, the company's first step toward international expansion. > Philadelphia news 24/7: Watch NBC10 free wherever you are Waymo hasn't committed to start commercial service in Tokyo yet, but the robotaxi developer will partner with Japan's largest taxi operator, Nihon Kotsu, and taxi app GO to start testing its Jaguar I-PACE vehicles in Tokyo's streets. To start, Nihon Kotsu drivers will manually operate the Waymo vehicles to map key areas of the Japanese capital, including Minato, Shinjuku, Shibuya, Chiyoda, Chūō, Shinagawa, and Kōtō. Data from the manned test drives will help train the company's AI systems. Waymo will also test its robotaxis on a closed course in the U.S. built to mimic driving conditions in Japan. This is the first phase of the partnerships, which will last several quarters, Waymo told CNBC, adding that it expects to remain in Japan for an extended period. "Our upcoming road trip to Tokyo gives us the chance to work alongside local partners, government officials, and community groups to understand the new landscape," Waymo said in a statement. "We'll learn how Waymo can serve Tokyo's residents and become a beneficial part of the city's transportation ecosystem." Nihon Kotsu will oversee the management and servicing of Waymo's vehicles in Japan, the companies said. Waymo announced a series of expansions across the U.S. in 2024. Earlier this month, the company announced new testing in Miami in 2025, it made its driverless ride hail service available across Los Angeles in November, and in September, it announced planned expansions into Austin and Atlanta in partnership with Uber . The move into Japan marks the company's first in a left-hand traffic market. Both the Japanese national government and Tokyo Metropolitan government see driverless technology as a potential boon to the country's aging population, according to research by the World Economic Forum . Tokyo has designated certain areas as "test zones" for self-driving cars hoping to hasten the arrival of safe driverless transportation systems there. Several developers are working on autonomous vehicles in Japan, including local startup Tier IV and ZMP, a robotics company that is testing delivery vehicles and buses in Tokyo. Monet Technologies, which is partly owned by Toyota , announced plans to test a self-driving taxi service in Tokyo's Odaiba district earlier this year. Waymo's Japan expansion announcement comes a week after General Motors announced it was abandoning its Cruise robotaxi division . Honda, an outside investor in Cruise, told CNBC that it aimed to launch a driverless ride-hail service in Japan in early 2026 but would re-assess those plans and make adjustments if needed. Prior to GM's retreat from robotaxis, Cruise had been one of Waymo's primary domestic competitors. WATCH: GM pulls the plug on robotaxi plan
Netflix getting set to air NFL on Christmas DayBy MIKE CATALINI, Associated Press TRENTON, N.J. — A large number of mysterious drones have been reported flying over New Jersey and across the eastern U.S., sparking speculation and concern over where they came from and why. New Jersey Gov. Phil Murphy and U.S. Sen. Andy Kim have both gone out on drone hunts, hoping for answers. The FBI, Homeland Security, state police and other agencies are investigating. Murphy and law enforcement officials have stressed that the drones don’t appear to be a threat to public safety, but many state and municipal lawmakers have nonetheless called for stricter rules about who can fly the unmanned aircraft — and to be allowed to shoot them out of the sky. Dozens of witnesses have reported seeing drones statewide since mid-November, including near the Picatinny Arsenal, a military research and manufacturing facility, and over President-elect Donald Trump’s golf course in Bedminster. Murphy, a Democrat, said Monday that equipment supplied by the federal government has yielded little new information. He declined to describe the equipment except to say it was powerful and could even “mitigate” the drones, though he added that’s not currently legal on U.S. soil. The state tallied 12 sightings Saturday and just one on Sunday. Murphy urged Congress to give states more authority to deal with the drones. The growing anxiety among some residents is not lost on the Biden administration, which has faced criticism from Trump for not dealing with the matter more aggressively. White House national security spokesman John Kirby on Monday said the federal government has yet to identify any public safety or national security risks from reported drone sightings in the northeast, saying officials believe they were lawfully flown drones, planes or even stars. “There are more than 1 million drones that are lawfully registered with the Federal Aviation Administration here in the United States,” Kirby said. “And there are thousands of commercial, hobbyist and law enforcement drones that are lawfully in the sky on any given day. That is the ecosystem that we are dealing with.” The federal government has deployed personnel and advanced technology to investigate the reports in New Jersey and other states, and is evaluating each tip reported by citizens, he said. The FBI received more than 5,000 tips in recent weeks, he added, with only “about 100” deemed credible enough to require additional investigation. Authorities say they do not know. The Department of Homeland Security and FBI said they have no evidence that the aircraft pose “a national security or public safety threat or have a foreign nexus.” Speculation has nevertheless raged online, with some expressing concerns that the drones could be part of a nefarious plot by foreign agents. Officials stress that ongoing investigations have found no evidence to support such concerns, but U.S. Rep Chris Smith, a Republican, on Saturday echoed such speculation. “The elusive maneuvering of these drones suggests a major military power sophistication that begs the question whether they have been deployed to test our defense capabilities — or worse — by violent dictatorships, perhaps maybe Russia, or China, or Iran, or North Korea,” he said. On Monday, Pentagon spokesperson Maj. Gen. Pat Ryder cast doubt on the idea that the drones are engaged in intelligence gathering, given how loud and bright they are. He said about 1 million drones are registered drones in the U.S. and about 8,000 flying on any given day. Pentagon spokeswoman Sabrina Singh has said the aircraft are not U.S. military drones. Drones flying around Wright-Patterson Air Force Base near Dayton, Ohio, forced base officials to close its airspace for about four hours late Friday into early Saturday, said Robert Purtiman, a base spokesperson. It was the first time drones had been spotted at the base, one of the largest in the world, and no sightings have been reported since, Purtiman said Monday. He said the drones had no impact on any facilities on the base. Trump has said he believes the government knows more than it’s saying. “Let the public know, and now. Otherwise, shoot them down!!!” he posted on Truth Social. Kim said he’s heard no support for the notion the government is hiding anything. He said a lack of faith in institutions is playing a key part in the saga. “Nothing that I’m seeing, nothing that I’ve engaged in gives me any impression of that nature. But like, I get it, some people won’t believe me, right? Because that’s the level of distrust that we face,” Kim said Monday. Sen. Richard Blumenthal of Connecticut last week called for the drones to be “shot down.” Rep. Smith urged the Pentagon to authorize the use of force to bring down one or more drones to try to figure out who deployed them. The objects could be downed over the ocean or in an unpopulated area on land, Smith said Saturday. “Why can’t we bag at least one of these drones and get to the bottom of it?” Smith said.
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