Q1 2018 Earnings Forecast for Amerisafe, Inc. (AMSF) Issued By SunTrust Banks

Amerisafe, Inc. (NASDAQ:AMSF) – SunTrust Banks issued their Q1 2018 earnings per share estimates for Amerisafe in a research report issued on Thursday. SunTrust Banks analyst M. Hughes expects that the insurance provider will post earnings per share of $0.86 for the quarter. SunTrust Banks has a “Buy” rating and a $69.00 price objective on the stock. SunTrust Banks also issued estimates for Amerisafe’s Q2 2018 earnings at $0.86 EPS, Q3 2018 earnings at $0.86 EPS, Q4 2018 earnings at $0.87 EPS and FY2018 earnings at $3.45 EPS.

A number of other research firms have also recently commented on AMSF. B. Riley reissued a “buy” rating on shares of Amerisafe in a research note on Monday, November 6th. Boenning Scattergood reissued a “hold” rating on shares of Amerisafe in a research note on Thursday, October 26th. FBR & Co reissued a “buy” rating on shares of Amerisafe in a research note on Wednesday, October 25th. Finally, BidaskClub cut Amerisafe from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $66.00.

Amerisafe (AMSF) opened at $62.00 on Monday. The company has a market capitalization of $1,193.13, a price-to-earnings ratio of 18.45 and a beta of 0.88. Amerisafe has a 12 month low of $51.20 and a 12 month high of $69.40.

Amerisafe (NASDAQ:AMSF) last released its earnings results on Wednesday, October 25th. The insurance provider reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.08. The business had revenue of $92.90 million for the quarter, compared to analysts’ expectations of $92.04 million. Amerisafe had a return on equity of 13.92% and a net margin of 17.07%. The firm’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 earnings per share.

Several institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. boosted its holdings in shares of Amerisafe by 9.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 92,925 shares of the insurance provider’s stock worth $5,725,000 after purchasing an additional 7,680 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Amerisafe by 186.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 14,300 shares of the insurance provider’s stock worth $881,000 after purchasing an additional 9,300 shares during the period. Thomson Horstmann & Bryant Inc. boosted its holdings in shares of Amerisafe by 11.4% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 15,391 shares of the insurance provider’s stock worth $948,000 after purchasing an additional 1,575 shares during the period. GSA Capital Partners LLP boosted its holdings in shares of Amerisafe by 166.6% during the third quarter. GSA Capital Partners LLP now owns 34,131 shares of the insurance provider’s stock worth $1,986,000 after purchasing an additional 21,331 shares during the period. Finally, Sterling Capital Management LLC boosted its holdings in shares of Amerisafe by 15.8% during the third quarter. Sterling Capital Management LLC now owns 31,779 shares of the insurance provider’s stock worth $1,850,000 after purchasing an additional 4,340 shares during the period. Institutional investors own 99.99% of the company’s stock.

In other news, CEO G. Janelle Frost sold 1,728 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $66.74, for a total transaction of $115,326.72. Following the transaction, the chief executive officer now directly owns 54,322 shares of the company’s stock, valued at $3,625,450.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.20% of the stock is currently owned by company insiders.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, December 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.29%. Amerisafe’s dividend payout ratio (DPR) is currently 23.81%.

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Amerisafe Company Profile

Amerisafe, Inc is an insurance holding company. The Company is engaged in providing workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, and agriculture. It is engaged in underwriting the workers’ compensation exposures inherent in these industries.

Earnings History and Estimates for Amerisafe (NASDAQ:AMSF)

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