Ameris Bancorp (ABCB) Scheduled to Post Earnings on Thursday

Ameris Bancorp (NASDAQ:ABCB) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Ameris Bancorp to post earnings of $1.06 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Ameris Bancorp (NASDAQ:ABCB) last released its earnings results on Thursday, January 25th. The bank reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.05). Ameris Bancorp had a net margin of 17.67% and a return on equity of 8.30%. The business had revenue of $262.35 million for the quarter, compared to analyst estimates of $267.23 million. On average, analysts expect Ameris Bancorp to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Ameris Bancorp Stock Performance

Ameris Bancorp stock opened at $46.77 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.19. Ameris Bancorp has a 1 year low of $28.33 and a 1 year high of $53.99. The company has a market cap of $3.23 billion, a PE ratio of 11.99 and a beta of 1.05. The company’s 50-day moving average is $46.52 and its two-hundred day moving average is $46.01.

Ameris Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 8th. Shareholders of record on Sunday, March 31st were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.28%. Ameris Bancorp’s payout ratio is presently 15.38%.

Insider Activity

In related news, insider Jon S. Edwards sold 7,500 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $47.35, for a total transaction of $355,125.00. Following the completion of the sale, the insider now directly owns 59,691 shares of the company’s stock, valued at approximately $2,826,368.85. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 5.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Truist Financial cut their target price on shares of Ameris Bancorp from $60.00 to $54.00 and set a “buy” rating on the stock in a research report on Monday, April 1st. Stephens reaffirmed an “equal weight” rating and issued a $53.00 price target on shares of Ameris Bancorp in a research note on Tuesday, January 30th. StockNews.com cut Ameris Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Finally, DA Davidson reaffirmed a “buy” rating on shares of Ameris Bancorp in a research note on Monday, January 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ameris Bancorp currently has an average rating of “Hold” and a consensus target price of $50.25.

About Ameris Bancorp

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.