Equities analysts expect Ameris Bancorp (NASDAQ:ABCB) to announce earnings of $0.69 per share for the current quarter, Zacks reports. Two analysts have provided estimates for Ameris Bancorp’s earnings. The highest EPS estimate is $0.70 and the lowest is $0.66. Ameris Bancorp posted earnings of $0.61 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 13.1%. The business is scheduled to announce its next quarterly earnings report on Friday, July 21st.

On average, analysts expect that Ameris Bancorp will report full-year earnings of $2.59 per share for the current fiscal year, with EPS estimates ranging from $2.54 to $2.62. For the next fiscal year, analysts forecast that the business will report earnings of $3.19 per share, with EPS estimates ranging from $3.10 to $3.25. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that cover Ameris Bancorp.

Ameris Bancorp (NASDAQ:ABCB) last announced its earnings results on Friday, July 21st. The bank reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $91.35 million for the quarter, compared to the consensus estimate of $92.71 million. Ameris Bancorp had a net margin of 22.66% and a return on equity of 12.52%.

Several research firms recently commented on ABCB. BidaskClub raised shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. SunTrust Banks, Inc. raised shares of Ameris Bancorp from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Wednesday, April 26th. Stephens reaffirmed a “buy” rating and issued a $54.00 price target on shares of Ameris Bancorp in a research note on Friday. Zacks Investment Research raised shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, April 28th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $48.00 price target on shares of Ameris Bancorp in a research note on Friday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $49.33.

Shares of Ameris Bancorp (NASDAQ:ABCB) traded up 0.32% during midday trading on Monday, hitting $47.10. 254,661 shares of the stock were exchanged. Ameris Bancorp has a 12 month low of $30.79 and a 12 month high of $51.28. The stock has a market cap of $1.75 billion, a P/E ratio of 20.23 and a beta of 1.28. The firm has a 50 day moving average of $47.16 and a 200-day moving average of $46.01.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 10th. Shareholders of record on Friday, June 30th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Wednesday, June 28th. Ameris Bancorp’s dividend payout ratio (DPR) is 17.09%.

TRADEMARK VIOLATION WARNING: This news story was originally posted by American Banking News and is owned by of American Banking News. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international trademark and copyright law. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/07/24/ameris-bancorp-abcb-expected-to-announce-earnings-of-0-69-per-share.html.

In other Ameris Bancorp news, COO Dennis J. Zember, Jr. sold 15,000 shares of the firm’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $47.38, for a total transaction of $710,700.00. Following the transaction, the chief operating officer now owns 148,727 shares of the company’s stock, valued at approximately $7,046,685.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edwin W. Hortman, Jr. sold 14,578 shares of the firm’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $47.37, for a total transaction of $690,559.86. Following the transaction, the chief executive officer now directly owns 234,664 shares in the company, valued at approximately $11,116,033.68. The disclosure for this sale can be found here. In the last three months, insiders have acquired 1,860 shares of company stock worth $84,541 and have sold 78,474 shares worth $3,691,854. Company insiders own 3.63% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Fisher Asset Management LLC boosted its stake in Ameris Bancorp by 71.9% in the first quarter. Fisher Asset Management LLC now owns 82,669 shares of the bank’s stock worth $3,811,000 after buying an additional 34,578 shares in the last quarter. Mendon Capital Advisors Corp boosted its stake in Ameris Bancorp by 28.8% in the first quarter. Mendon Capital Advisors Corp now owns 515,030 shares of the bank’s stock worth $23,743,000 after buying an additional 115,030 shares in the last quarter. Bank of Montreal Can boosted its stake in Ameris Bancorp by 22.1% in the first quarter. Bank of Montreal Can now owns 56,194 shares of the bank’s stock worth $2,590,000 after buying an additional 10,174 shares in the last quarter. TNB Financial purchased a new stake in Ameris Bancorp during the first quarter worth $422,000. Finally, Macquarie Group Ltd. boosted its stake in Ameris Bancorp by 62.0% in the fourth quarter. Macquarie Group Ltd. now owns 39,306 shares of the bank’s stock worth $1,714,000 after buying an additional 15,044 shares in the last quarter. 84.23% of the stock is currently owned by institutional investors and hedge funds.

About Ameris Bancorp

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.

Get a free copy of the Zacks research report on Ameris Bancorp (ABCB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates 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.