Ameris Bancorp (NASDAQ:ABCB – Get Free Report) has received a consensus recommendation of “Hold” from the seven brokerages that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $91.6667.
A number of brokerages recently issued reports on ABCB. Raymond James Financial lowered shares of Ameris Bancorp from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 1st. Stephens set a $88.00 price objective on Ameris Bancorp in a report on Monday. Truist Financial lowered their price objective on Ameris Bancorp from $92.00 to $90.00 and set a “hold” rating for the company in a research report on Tuesday. Morgan Stanley upgraded Ameris Bancorp to an “overweight” rating in a research report on Wednesday, June 24th. Finally, DA Davidson raised their price target on Ameris Bancorp from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday.
Hedge Funds Weigh In On Ameris Bancorp
Ameris Bancorp Stock Down 0.2%
ABCB opened at $87.66 on Friday. The firm has a market cap of $5.90 billion, a P/E ratio of 16.83 and a beta of 0.91. The business’s fifty day simple moving average is $88.06 and its 200 day simple moving average is $83.60. Ameris Bancorp has a 52 week low of $65.43 and a 52 week high of $93.22. 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 – Get Free Report) last announced its earnings results 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). Ameris Bancorp had a net margin of 21.46% and a return on equity of 9.57%. The firm had revenue of $317.78 million during the quarter, compared to analyst estimates of $323.78 million. During the same period in the previous year, the firm posted $1.59 EPS. As a group, equities research analysts anticipate that Ameris Bancorp will post 4.99 EPS for the current fiscal year.
Ameris Bancorp Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Tuesday, June 30th were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.80 annualized dividend and a dividend yield of 0.9%. Ameris Bancorp’s dividend payout ratio (DPR) is currently 14.47%.
About Ameris Bancorp
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.
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