Ameris Bancorp (ABCB) to Release Earnings on Friday

Ameris Bancorp (NASDAQ:ABCB) is scheduled to be releasing its earnings data before the market opens on Friday, January 26th. Analysts expect Ameris Bancorp to post earnings of $0.63 per share for the quarter.

Ameris Bancorp (NASDAQ:ABCB) last issued its earnings results on Thursday, October 19th. The bank reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate 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 analyst estimates 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.

Ameris Bancorp (ABCB) opened at $53.35 on Friday. 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 52 week low of $41.05 and a 52 week high of $53.85. The company has a market capitalization of $1,990.00, a P/E ratio of 23.71 and a beta of 1.20.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Friday, December 29th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.75%. Ameris Bancorp’s payout ratio is currently 17.78%.

ABCB has been the subject of several analyst reports. Zacks Investment Research upgraded Ameris Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. BidaskClub upgraded Ameris Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $52.00 price objective on shares of Ameris Bancorp in a research report on Thursday, October 26th. Piper Jaffray Companies set a $48.00 price objective on Ameris Bancorp and gave the stock a “hold” rating in a research report on Friday, October 6th. Finally, ValuEngine downgraded Ameris Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $53.00.

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

COPYRIGHT VIOLATION WARNING: “Ameris Bancorp (ABCB) to Release Earnings on Friday” was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another website, it was illegally stolen and republished in violation of U.S. and international copyright law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2018/01/19/ameris-bancorp-abcb-to-release-earnings-on-friday.html.

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.

Earnings History 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.

Leave a Reply