Equities research analysts expect Ameris Bancorp (NASDAQ:ABCB) to post earnings per share of $0.63 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Ameris Bancorp’s earnings. The highest EPS estimate is $0.65 and the lowest is $0.61. Ameris Bancorp posted earnings per share of $0.62 in the same quarter last year, which suggests a positive year-over-year growth rate of 1.6%. The company is scheduled to issue its next quarterly earnings report on Friday, January 19th.
According to Zacks, analysts expect that Ameris Bancorp will report full year earnings of $2.48 per share for the current fiscal year, with EPS estimates ranging from $2.46 to $2.51. For the next year, analysts anticipate that the company will post earnings of $3.11 per share, with EPS estimates ranging from $3.00 to $3.18. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Ameris Bancorp.
Ameris Bancorp (NASDAQ:ABCB) last released its quarterly earnings data on Thursday, October 19th. The bank reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.02). The company had revenue of $93.85 million for the quarter, compared to the consensus estimate of $96.89 million. Ameris Bancorp had a net margin of 21.57% and a return on equity of 12.12%.
Ameris Bancorp (NASDAQ ABCB) traded up $0.15 during trading on Friday, hitting $49.75. 256,250 shares of the stock traded hands, compared to its average volume of 195,835. The company has a market capitalization of $1,852.24, a PE ratio of 20.06 and a beta of 1.19. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.07. Ameris Bancorp has a 52-week low of $41.05 and a 52-week high of $51.30.
In other Ameris Bancorp news, Director Leo J. Hill bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was purchased at an average cost of $42.75 per share, with a total value of $42,750.00. Following the completion of the acquisition, the director now owns 16,629 shares in the company, valued at approximately $710,889.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.63% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Ameris Bancorp by 2.6% in the second quarter. Vanguard Group Inc. now owns 2,588,877 shares of the bank’s stock valued at $124,784,000 after purchasing an additional 65,815 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Ameris Bancorp by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,559,197 shares of the bank’s stock worth $75,154,000 after buying an additional 25,010 shares during the period. State Street Corp boosted its stake in Ameris Bancorp by 7.3% during the second quarter. State Street Corp now owns 1,258,947 shares of the bank’s stock worth $60,687,000 after buying an additional 85,137 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Ameris Bancorp by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 1,217,548 shares of the bank’s stock worth $58,686,000 after buying an additional 20,713 shares during the period. Finally, Kennedy Capital Management Inc. boosted its stake in Ameris Bancorp by 10.6% during the second quarter. Kennedy Capital Management Inc. now owns 609,227 shares of the bank’s stock worth $29,365,000 after buying an additional 58,456 shares during the period. 81.99% of the stock is owned by hedge funds and other institutional investors.
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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.
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