Ameris Bancorp (NASDAQ:ABCB) announced a dividend on Thursday, March 21st, Fidelity reports. Stockholders of record on Friday, March 29th will be given a dividend of 0.10 per share by the bank on Wednesday, April 10th. The ex-dividend date of this dividend is Thursday, March 28th.
Ameris Bancorp has raised its dividend by an average of 26.0% annually over the last three years. Ameris Bancorp has a dividend payout ratio of 12.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ameris Bancorp to earn $4.76 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 8.4%.
ABCB stock opened at $34.97 on Friday. Ameris Bancorp has a 1-year low of $29.97 and a 1-year high of $58.10. The company has a market capitalization of $1.68 billion, a PE ratio of 10.35 and a beta of 1.53. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.95 and a current ratio of 0.96.
Ameris Bancorp (NASDAQ:ABCB) last released its quarterly earnings data on Friday, January 25th. The bank reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. Ameris Bancorp had a return on equity of 11.46% and a net margin of 22.76%. The company had revenue of $131.10 million for the quarter, compared to analyst estimates of $130.93 million. During the same period in the prior year, the company posted $0.63 EPS. The company’s revenue was up 37.9% compared to the same quarter last year. Analysts forecast that Ameris Bancorp will post 4.11 earnings per share for the current year.
Several equities research analysts have recently weighed in on the company. Piper Jaffray Companies set a $50.00 price objective on Ameris Bancorp and gave the company a “hold” rating in a research note on Monday, November 26th. Zacks Investment Research lowered Ameris Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, February 22nd. BidaskClub upgraded Ameris Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th. SunTrust Banks upgraded Ameris Bancorp from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Tuesday, January 29th. Finally, ValuEngine lowered Ameris Bancorp from a “sell” rating to a “strong sell” rating in a research report on Friday, December 7th. Three analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $54.67.
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.
See Also: Gross Domestic Product (GDP)
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