Shares of Ameris Bancorp (NASDAQ:ABCB) have been assigned an average rating of “Buy” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $53.25.
A number of research analysts have recently issued reports on ABCB shares. Keefe, Bruyette & Woods restated a “hold” rating and issued a $52.00 price target on shares of Ameris Bancorp in a research report on Thursday, October 26th. Stephens restated a “buy” rating and issued a $52.00 price target on shares of Ameris Bancorp in a research report on Thursday, September 28th. Zacks Investment Research upgraded shares of Ameris Bancorp from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research report on Tuesday, January 2nd. BidaskClub downgraded shares of Ameris Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Finally, ValuEngine downgraded shares of Ameris Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th.
In related news, insider James A. Lahaise sold 14,200 shares of Ameris Bancorp stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $46.58, for a total value of $661,436.00. Following the sale, the insider now directly owns 73,986 shares in the company, valued at approximately $3,446,267.88. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 3.63% of the company’s stock.
Ameris Bancorp (NASDAQ ABCB) opened at $53.80 on Tuesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.07 and a quick ratio of 1.04. Ameris Bancorp has a 52-week low of $41.05 and a 52-week high of $53.95. The stock has a market cap of $2,004.89, a PE ratio of 23.70 and a beta of 1.20.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Friday, December 29th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.40 annualized dividend and a yield of 0.74%. Ameris Bancorp’s dividend payout ratio is presently 17.62%.
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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