Shares of Ameris Bancorp (NYSE:ABCB – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $90.67.
Several brokerages have recently issued reports on ABCB. Piper Sandler cut their target price on shares of Ameris Bancorp from $96.00 to $92.00 and set a “neutral” rating on the stock in a report on Monday, July 27th. Weiss Ratings started coverage on shares of Ameris Bancorp in a report on Wednesday, September 2nd. They set a “buy (b)” rating for the company. Truist Financial lowered their price target on shares of Ameris Bancorp from $90.00 to $84.00 and set a “hold” rating for the company in a report on Friday. Wall Street Zen cut shares of Ameris Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, September 26th. Finally, Raymond James Financial lowered shares of Ameris Bancorp from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 1st.
Check Out Our Latest Stock Analysis on ABCB
Institutional Trading of Ameris Bancorp
Ameris Bancorp Price Performance
ABCB opened at $79.03 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.04 and a quick ratio of 1.02. The stock’s 50 day simple moving average is $84.66 and its 200 day simple moving average is $85.27. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of 14.29 and a beta of 0.96. Ameris Bancorp has a 1 year low of $68.80 and a 1 year high of $93.22.
Ameris Bancorp (NYSE:ABCB – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The bank reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.66 by ($0.06). The company had revenue of $317.78 million during the quarter, compared to the consensus estimate of $323.78 million. Ameris Bancorp had a net margin of 21.98% and a return on equity of 10.62%. During the same quarter in the previous year, the firm posted $1.59 EPS. As a group, analysts predict that Ameris Bancorp will post 6.61 earnings per share for the current year.
Ameris Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, September 30th. Ameris Bancorp’s dividend payout ratio is 14.47%.
About Ameris Bancorp
Ameris Bancorp (NYSE: ABCB) is a financial holding company whose principal subsidiary, Ameris Bank, provides banking and financial services to individuals, businesses and institutions. The bank offers deposit accounts, commercial and consumer lending, residential mortgages, treasury and payment services, wealth management and other financial solutions.
Founded in 1971, Ameris Bank has grown from a community banking institution in Georgia into a regional bank serving customers across the southeastern United States.
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