Ameris Bancorp (NASDAQ:ABCB) is scheduled to be releasing its earnings data before the market opens on Friday, July 21st. Analysts expect Ameris Bancorp to post earnings of $0.64 per share for the quarter.

Ameris Bancorp (NASDAQ:ABCB) last announced its quarterly earnings data on Friday, April 21st. The bank reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. The business had revenue of $86.30 million during the quarter, compared to analyst estimates of $86.84 million. Ameris Bancorp had a return on equity of 12.74% and a net margin of 22.56%. On average, analysts expect Ameris Bancorp to post $2.60 EPS for the current fiscal year and $3.23 EPS for the next fiscal year.

Ameris Bancorp (NASDAQ:ABCB) opened at 47.25 on Friday. Ameris Bancorp has a 12 month low of $29.47 and a 12 month high of $49.80. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 20.62 and a beta of 1.28. The firm’s 50-day moving average price is $45.88 and its 200 day moving average price is $45.69.

The company also recently announced a quarterly dividend, which was paid on Monday, July 10th. Shareholders of record on Friday, June 30th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Wednesday, June 28th. Ameris Bancorp’s dividend payout ratio is 17.47%.

In related news, Director Elizabeth A. Mccague acquired 1,060 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was purchased at an average cost of $47.00 per share, for a total transaction of $49,820.00. Following the purchase, the director now directly owns 2,180 shares of the company’s stock, valued at approximately $102,460. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Dennis J. Zember, Jr. sold 15,000 shares of the company’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $47.38, for a total value of $710,700.00. Following the sale, the chief operating officer now owns 148,727 shares of the company’s stock, valued at $7,046,685.26. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 1,860 shares of company stock valued at $84,541 and sold 78,474 shares valued at $3,691,854. 3.63% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION NOTICE: “Ameris Bancorp (NASDAQ:ABCB) to Release Earnings on Friday” was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/07/14/ameris-bancorp-nasdaqabcb-to-release-earnings-on-friday.html.

Several brokerages have weighed in on ABCB. BidaskClub upgraded Ameris Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 30th. SunTrust Banks, Inc. upgraded Ameris Bancorp from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Wednesday, April 26th. Zacks Investment Research upgraded Ameris Bancorp from a “sell” rating to a “hold” rating in a report on Friday, April 28th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $51.00 target price on shares of Ameris Bancorp in a report on Monday, June 26th. Finally, Stephens reiterated a “buy” rating and issued a $52.00 target price on shares of Ameris Bancorp in a report on Friday, April 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $49.20.

Ameris Bancorp Company Profile

Ameris Bancorp is a financial holding company. The Company’s business is conducted through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. The Company operates through four segments: the Banking Division, the Retail Mortgage Division, the Warehouse Lending Division and the SBA Division.

Earnings History for Ameris Bancorp (NASDAQ:ABCB)

Receive News & Ratings for Ameris Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameris Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.