Wall Street analysts expect that Ameris Bancorp (NASDAQ:ABCB) will post sales of $97.72 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Ameris Bancorp’s earnings, with estimates ranging from $96.80 million to $98.64 million. Ameris Bancorp posted sales of $81.55 million in the same quarter last year, which suggests a positive year-over-year growth rate of 19.8%. The business is expected to announce its next earnings results on Friday, January 19th.

According to Zacks, analysts expect that Ameris Bancorp will report full year sales of $97.72 million for the current financial year, with estimates ranging from $373.20 million to $375.00 million. For the next financial year, analysts forecast that the company will post sales of $450.55 million per share, with estimates ranging from $445.00 million to $456.10 million. Zacks’ sales averages are an average based on a survey of research firms that follow Ameris Bancorp.

Ameris Bancorp (NASDAQ:ABCB) last posted its quarterly earnings results on Thursday, October 19th. The bank reported $0.63 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.02). The business had revenue of $93.85 million for the quarter, compared to analysts’ expectations of $96.89 million. Ameris Bancorp had a return on equity of 12.12% and a net margin of 21.57%.

ABCB has been the topic of several research reports. Keefe, Bruyette & Woods reissued a “hold” rating and set a $52.00 price target on shares of Ameris Bancorp in a research note on Thursday, October 26th. Stephens reissued a “buy” rating and set a $52.00 price target on shares of Ameris Bancorp in a research note on Thursday, September 28th. Zacks Investment Research raised shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. ValuEngine downgraded shares of Ameris Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Piper Jaffray Companies reissued a “neutral” rating and set a $47.50 price target on shares of Ameris Bancorp in a research note on Thursday, October 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Ameris Bancorp currently has a consensus rating of “Hold” and an average target price of $52.25.

Ameris Bancorp (NASDAQ:ABCB) opened at $50.10 on Tuesday. The company has a market cap of $1,852.24, a P/E ratio of 20.06 and a beta of 1.19. Ameris Bancorp has a one year low of $41.05 and a one year high of $51.30. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.07.

In other news, Director Leo J. Hill bought 1,000 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were purchased at an average price of $42.75 per share, for a total transaction of $42,750.00. Following the completion of the acquisition, the director now owns 16,629 shares of the company’s stock, valued at $710,889.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.63% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP grew its holdings in shares of Ameris Bancorp by 19.4% in the third quarter. GSA Capital Partners LLP now owns 43,265 shares of the bank’s stock worth $2,077,000 after purchasing an additional 7,040 shares during the last quarter. Maltese Capital Management LLC boosted its holdings in Ameris Bancorp by 4.0% in the third quarter. Maltese Capital Management LLC now owns 581,101 shares of the bank’s stock valued at $27,893,000 after acquiring an additional 22,201 shares in the last quarter. Castine Capital Management LLC boosted its holdings in Ameris Bancorp by 8.9% in the third quarter. Castine Capital Management LLC now owns 268,532 shares of the bank’s stock valued at $12,890,000 after acquiring an additional 21,833 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Ameris Bancorp by 13.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 178,983 shares of the bank’s stock valued at $8,592,000 after acquiring an additional 21,235 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Ameris Bancorp by 169.9% in the third quarter. JPMorgan Chase & Co. now owns 139,584 shares of the bank’s stock valued at $6,687,000 after acquiring an additional 87,876 shares in the last quarter. Hedge funds and other institutional investors own 82.01% of the company’s stock.

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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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Earnings History and Estimates for Ameris Bancorp (NASDAQ:ABCB)

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