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.
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.
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.
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.