Ameris Bancorp (NASDAQ:ABCB) is set to announce its earnings results before the market opens on Thursday, January 18th. Analysts expect the company to announce earnings of $0.66 per share for the quarter.
Ameris Bancorp (NASDAQ:ABCB) last issued its quarterly earnings results on Thursday, October 19th. The bank reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). The firm had revenue of $93.85 million for the quarter, compared to analysts’ expectations of $96.89 million. Ameris Bancorp had a net margin of 21.57% and a return on equity of 12.12%. On average, analysts expect Ameris Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of Ameris Bancorp (NASDAQ ABCB) opened at $53.10 on Wednesday. The stock has a market capitalization of $1,988.14, a PE ratio of 23.39 and a beta of 1.20. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.07. Ameris Bancorp has a 1-year low of $41.05 and a 1-year high of $53.85.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Friday, December 29th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.75%. Ameris Bancorp’s dividend payout ratio (DPR) is 17.62%.
A number of analysts recently issued reports on the company. Zacks Investment Research raised Ameris Bancorp from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Tuesday, January 2nd. Stephens reissued a “buy” rating and set a $52.00 price objective on shares of Ameris Bancorp in a report on Thursday, September 28th. Keefe, Bruyette & Woods raised Ameris Bancorp from a “market perform” rating to an “outperform” rating in a report on Monday, November 20th. BidaskClub raised Ameris Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Finally, Piper Jaffray Companies set a $50.00 price objective on Ameris Bancorp and gave the stock a “hold” rating in a report on Monday, October 23rd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $53.00.
In related news, insider James A. Lahaise sold 14,200 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $46.58, for a total transaction of $661,436.00. Following the sale, the insider now owns 73,986 shares of the company’s stock, valued at approximately $3,446,267.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.63% of the company’s stock.
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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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