Ameris Bancorp (NASDAQ:ABCB) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, January 18th. Analysts expect Ameris Bancorp to post earnings of $0.66 per share for the quarter.

Ameris Bancorp (NASDAQ:ABCB) last issued its quarterly earnings results on Thursday, October 19th. The bank reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). Ameris Bancorp had a net margin of 21.57% and a return on equity of 12.12%. The company had revenue of $93.85 million during the quarter, compared to the consensus estimate of $96.89 million. On average, analysts expect Ameris Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of Ameris Bancorp (ABCB) opened at $51.15 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.07 and a debt-to-equity ratio of 1.11. Ameris Bancorp has a 1-year low of $41.05 and a 1-year high of $51.85. The firm has a market cap of $1,890.00, a price-to-earnings ratio of 22.73 and a beta of 1.20.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Friday, December 29th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Thursday, December 28th. Ameris Bancorp’s dividend payout ratio (DPR) is presently 17.78%.

In other news, insider James A. Lahaise sold 14,200 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $46.58, for a total value of $661,436.00. Following the completion of the transaction, the insider now owns 73,986 shares in the company, valued at approximately $3,446,267.88. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.63% of the company’s stock.

A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. BidaskClub raised shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $52.00 price target on shares of Ameris Bancorp in a report on Thursday, October 26th. Piper Jaffray Companies set a $48.00 price target on shares of Ameris Bancorp and gave the company a “hold” rating in a report on Friday, October 6th. Finally, ValuEngine downgraded shares of Ameris Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $53.00.

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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.

Earnings History for Ameris Bancorp (NASDAQ:ABCB)

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