Ameris Bancorp (NASDAQ:ABCB) Declares $0.20 Quarterly Dividend

Ameris Bancorp (NASDAQ:ABCB) declared a quarterly dividend on Thursday, June 18th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.20 per share by the bank on Monday, July 6th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 30th.

Ameris Bancorp has increased its dividend by an average of 0.1%annually over the last three years.

Ameris Bancorp Stock Performance

NASDAQ:ABCB opened at $87.65 on Friday. The company has a market cap of $5.90 billion, a P/E ratio of 16.82 and a beta of 0.91. The firm’s 50 day moving average is $84.87 and its two-hundred day moving average is $80.87. Ameris Bancorp has a fifty-two week low of $60.53 and a fifty-two week high of $90.00. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.11.

Ameris Bancorp (NASDAQ:ABCB) last announced its quarterly earnings data on Thursday, April 23rd. The bank reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.09. Ameris Bancorp had a net margin of 21.46% and a return on equity of 9.57%. The company had revenue of $314.36 million during the quarter, compared to analysts’ expectations of $309.58 million. During the same period in the previous year, the company earned $1.28 EPS. Analysts expect that Ameris Bancorp will post 4.99 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Truist Financial increased their target price on Ameris Bancorp from $85.00 to $89.00 and gave the stock a “hold” rating in a research report on Monday, April 27th. DA Davidson boosted their price target on Ameris Bancorp from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Stephens upped their price target on Ameris Bancorp from $87.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Monday, April 27th. Finally, Raymond James Financial restated an “outperform” rating and issued a $92.00 price objective on shares of Ameris Bancorp in a report on Monday, April 27th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $90.17.

Ameris Bancorp Company Profile

Ameris Bancorp is a bank holding company headquartered in Atlanta, Georgia. Through its principal subsidiary, Ameris Bank, the company offers a broad range of commercial and retail banking services to individuals, small businesses, middle market companies and agricultural customers. Its core business lines encompass deposit services, lending solutions, treasury management, mortgage origination and servicing, insurance products and wealth management.

Ameris Bancorp operates a network of branches and loan production offices across the southeastern United States, including Georgia, Alabama, Florida, North Carolina, South Carolina and Tennessee.