Ameris Bancorp (ABCB) Expected to Announce Earnings on Monday

Ameris Bancorp (NASDAQ:ABCB) is projected to announce its earnings results after the market closes on Monday, April 28th. Analysts expect the company to announce earnings of $1.12 per share and revenue of $276.06 million for the quarter.

Ameris Bancorp Price Performance

ABCB opened at $55.98 on Friday. The stock’s 50 day moving average price is $57.15 and its 200-day moving average price is $62.67. Ameris Bancorp has a 52-week low of $45.89 and a 52-week high of $74.56. The stock has a market capitalization of $3.86 billion, a PE ratio of 10.74 and a beta of 0.87. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.00 and a current ratio of 1.02.

Ameris Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Monday, March 31st were issued a $0.20 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 1.43%. Ameris Bancorp’s dividend payout ratio (DPR) is presently 15.36%.

Insider Activity

In other news, insider Douglas D. Strange acquired 1,000 shares of Ameris Bancorp stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average price of $56.95 per share, for a total transaction of $56,950.00. Following the completion of the transaction, the insider now owns 19,403 shares in the company, valued at $1,105,000.85. The trade was a 5.43 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ABCB has been the subject of a number of recent research reports. Stephens reissued an “equal weight” rating and set a $71.00 price target on shares of Ameris Bancorp in a research report on Friday, January 31st. Piper Sandler began coverage on Ameris Bancorp in a research note on Friday, April 4th. They issued an “overweight” rating and a $74.00 price target on the stock. Piper Sandler Companies raised their price objective on Ameris Bancorp to $74.00 and gave the company a “buy” rating in a research report on Monday, April 7th. Finally, Raymond James reissued an “outperform” rating and issued a $71.00 target price (up from $67.00) on shares of Ameris Bancorp in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $73.43.

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.