Ameris Bancorp (ABCB) to Release Earnings on Thursday

Ameris Bancorp (NASDAQ:ABCB) is anticipated to post its quarterly earnings results after the market closes on Thursday, January 30th. Analysts expect Ameris Bancorp to post earnings of $1.20 per share and revenue of $276.19 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Ameris Bancorp Stock Down 0.2 %

Ameris Bancorp stock opened at $64.95 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.03 and a quick ratio of 1.01. The stock has a market capitalization of $4.49 billion, a PE ratio of 13.53 and a beta of 1.06. The business has a 50 day simple moving average of $65.40 and a 200-day simple moving average of $62.94. Ameris Bancorp has a 12 month low of $44.22 and a 12 month high of $74.56.

Ameris Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Tuesday, December 31st were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.23%. The ex-dividend date was Tuesday, December 31st. This is a positive change from Ameris Bancorp’s previous quarterly dividend of $0.15. Ameris Bancorp’s payout ratio is presently 16.67%.

Insider Buying and Selling at Ameris Bancorp

In related news, Director Robert Dale Ezzell sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $69.91, for a total value of $559,280.00. Following the transaction, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ABCB. Stephens boosted their target price on shares of Ameris Bancorp from $64.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. StockNews.com raised Ameris Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Raymond James raised Ameris Bancorp from a “market perform” rating to an “outperform” rating and set a $67.00 price target on the stock in a research note on Monday, October 28th. Keefe, Bruyette & Woods increased their price objective on Ameris Bancorp from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Finally, Truist Financial lowered their target price on shares of Ameris Bancorp from $73.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ameris Bancorp currently has an average rating of “Moderate Buy” and a consensus target price of $69.17.

Ameris Bancorp Company Profile

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.