Amerisafe EVP Geoffrey R. Banta Unloads 4,792 Shares (AMSF)
Amerisafe (NASDAQ:AMSF) EVP Geoffrey R. Banta sold 4,792 shares of the stock on the open market in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $37.10, for a total value of $177,783.20. Following the sale, the executive vice president now directly owns 1,490 shares of the company’s stock, valued at approximately $55,279. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on AMSF shares. Analysts at Zacks reiterated a “neutral” rating on shares of Amerisafe in a research note on Friday, August 8th. They now have a $39.00 price target on the stock. Finally, analysts at Sidoti upgraded shares of Amerisafe from a “neutral” rating to a “buy” rating in a research note on Monday, June 23rd. One analyst has rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $44.75.
Shares of Amerisafe (NASDAQ:AMSF) traded up 0.89% during mid-day trading on Wednesday, hitting $37.53. 25,253 shares of the company’s stock traded hands. Amerisafe has a 1-year low of $32.42 and a 1-year high of $45.95. The stock’s 50-day moving average is $38.11 and its 200-day moving average is $40.04. The company has a market cap of $698.1 million and a P/E ratio of 13.94.
Amerisafe (NASDAQ:AMSF) last announced its earnings results on Wednesday, July 30th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.06. The company had revenue of $93.50 million for the quarter, compared to the consensus estimate of $99.20 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, analysts predict that Amerisafe will post $2.64 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Investors of record on Friday, September 12th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Wednesday, September 10th.
AMERISAFE, Inc (NASDAQ:AMSF) is an insurance holding company.
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