Ameris Bancorp (ABCB) Scheduled to Post Earnings on Thursday
Ameris Bancorp (NASDAQ:ABCB) is scheduled to post its quarterly earnings results before the market opens on Thursday, October 19th. Analysts expect Ameris Bancorp to post earnings of $0.66 per share for the quarter.
Ameris Bancorp (NASDAQ:ABCB) last issued its earnings results on Friday, July 21st. The bank reported $0.63 earnings per share (EPS) 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 analyst estimates of $92.71 million. Ameris Bancorp had a net margin of 22.66% and a return on equity of 12.52%. On average, analysts expect Ameris Bancorp to post $2.53 EPS for the current fiscal year and $3.15 EPS for the next fiscal year.
Shares of Ameris Bancorp (NASDAQ ABCB) opened at 50.70 on Thursday. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 21.78 and a beta of 1.30. Ameris Bancorp has a 52 week low of $35.01 and a 52 week high of $51.28. The firm’s 50 day moving average is $45.48 and its 200-day moving average is $45.86.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 10th. Investors of record on Friday, September 29th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.79%. Ameris Bancorp’s payout ratio is 17.09%.
ABCB has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Ameris Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, July 26th. Piper Jaffray Companies set a $48.00 price objective on shares of Ameris Bancorp and gave the stock a “hold” rating in a report on Friday, October 6th. Stephens restated a “buy” rating and set a $54.00 price objective on shares of Ameris Bancorp in a report on Friday, July 21st. BidaskClub lowered shares of Ameris Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $51.00 price objective on shares of Ameris Bancorp in a report on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $51.50.
In related news, Director Leo J. Hill acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were acquired at an average cost of $42.75 per share, for a total transaction of $42,750.00. Following the completion of the acquisition, the director now directly owns 16,629 shares in the company, valued at approximately $710,889.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.63% of the company’s stock.
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.
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