Ameris Bancorp (NASDAQ:ABCB) – Investment analysts at FIG Partners dropped their Q2 2018 earnings per share estimates for shares of Ameris Bancorp in a research note issued to investors on Wednesday, June 20th. FIG Partners analyst C. Marinac now forecasts that the bank will post earnings of $0.86 per share for the quarter, down from their previous forecast of $0.88. FIG Partners also issued estimates for Ameris Bancorp’s FY2018 earnings at $3.51 EPS and Q3 2019 earnings at $1.11 EPS.
Ameris Bancorp (NASDAQ:ABCB) last announced its quarterly earnings data on Friday, April 20th. The bank reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.05). Ameris Bancorp had a return on equity of 12.09% and a net margin of 19.19%. The company had revenue of $95.27 million for the quarter, compared to analyst estimates of $100.49 million.
A number of other equities research analysts have also recently commented on ABCB. BidaskClub cut Ameris Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Monday, June 18th. ValuEngine cut Ameris Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, June 12th. Zacks Investment Research cut Ameris Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, May 16th. Finally, Stephens reaffirmed a “buy” rating on shares of Ameris Bancorp in a research note on Monday, April 23rd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Ameris Bancorp presently has a consensus rating of “Buy” and an average price target of $55.00.
Shares of Ameris Bancorp opened at $56.70 on Friday, Marketbeat reports. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.74. Ameris Bancorp has a 12 month low of $41.05 and a 12 month high of $59.05. The firm has a market cap of $2.21 billion, a P/E ratio of 22.86 and a beta of 1.20.
Large investors have recently bought and sold shares of the business. Optimum Investment Advisors acquired a new position in Ameris Bancorp in the first quarter valued at about $116,000. SG Americas Securities LLC acquired a new position in Ameris Bancorp in the first quarter valued at about $124,000. Bank of Montreal Can grew its stake in Ameris Bancorp by 45.8% in the fourth quarter. Bank of Montreal Can now owns 3,188 shares of the bank’s stock valued at $153,000 after acquiring an additional 1,002 shares during the period. Kovack Advisors Inc. acquired a new position in Ameris Bancorp in the first quarter valued at about $203,000. Finally, Elkfork Partners LLC acquired a new position in Ameris Bancorp in the fourth quarter valued at about $246,000. 87.72% of the stock is owned by hedge funds and other institutional investors.
In other Ameris Bancorp news, Director Robert Dale Ezzell sold 6,800 shares of the business’s stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $56.60, for a total value of $384,880.00. Following the completion of the transaction, the director now directly owns 32,772 shares of the company’s stock, valued at $1,854,895.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.07% of the stock is currently owned by insiders.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 10th. Shareholders of record on Friday, June 29th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.71%. Ameris Bancorp’s payout ratio is 16.13%.
Ameris Bancorp Company Profile
Ameris Bancorp operates as the holding company for Ameris Bank that provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. The company operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, Small Business Administration Division, and Premium Finance Division.
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