Ameris Bancorp (ABCB) Set to Announce Earnings on Thursday

Ameris Bancorp (NASDAQ:ABCB) is scheduled to be releasing its earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.06 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Ameris Bancorp (NASDAQ:ABCB) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.05). The firm had revenue of $262.35 million for the quarter, compared to analysts’ expectations of $267.23 million. Ameris Bancorp had a return on equity of 8.30% and a net margin of 17.67%. On average, analysts expect Ameris Bancorp to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Ameris Bancorp Price Performance

Shares of NASDAQ:ABCB opened at $44.51 on Thursday. Ameris Bancorp has a 52 week low of $28.33 and a 52 week high of $53.99. The company has a 50-day moving average price of $46.65 and a 200 day moving average price of $45.78. The company has a market cap of $3.07 billion, a P/E ratio of 11.41 and a beta of 1.05. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.19.

Ameris Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 8th. Stockholders of record on Sunday, March 31st were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Wednesday, March 27th. Ameris Bancorp’s dividend payout ratio (DPR) is 15.38%.

Analysts Set New Price Targets

ABCB has been the topic of a number of recent analyst reports. DA Davidson reiterated a “buy” rating on shares of Ameris Bancorp in a research report on Monday, January 15th. StockNews.com cut shares of Ameris Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Truist Financial decreased their price objective on shares of Ameris Bancorp from $60.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, April 1st. Finally, Stephens reaffirmed an “equal weight” rating and issued a $53.00 target price on shares of Ameris Bancorp in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $50.25.

Insider Buying and Selling at Ameris Bancorp

In other Ameris Bancorp news, insider Jon S. Edwards sold 7,500 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $47.35, for a total transaction of $355,125.00. Following the completion of the transaction, the insider now directly owns 59,691 shares in the company, valued at approximately $2,826,368.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ameris Bancorp

A number of large investors have recently bought and sold shares of the stock. Captrust Financial Advisors raised its holdings in shares of Ameris Bancorp by 3.1% in the third quarter. Captrust Financial Advisors now owns 6,691 shares of the bank’s stock worth $299,000 after acquiring an additional 202 shares during the last quarter. AQR Capital Management LLC raised its stake in Ameris Bancorp by 3.3% in the 3rd quarter. AQR Capital Management LLC now owns 7,668 shares of the bank’s stock valued at $294,000 after purchasing an additional 246 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Ameris Bancorp by 2.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 11,111 shares of the bank’s stock valued at $380,000 after purchasing an additional 251 shares in the last quarter. State of Wyoming lifted its holdings in Ameris Bancorp by 26.2% in the 4th quarter. State of Wyoming now owns 1,294 shares of the bank’s stock valued at $61,000 after purchasing an additional 269 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of Ameris Bancorp by 5.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,470 shares of the bank’s stock worth $187,000 after purchasing an additional 280 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Ameris Bancorp Company Profile

Ameris Bancorp operates as the bank holding company for Ameris Bank that provides range of banking services to retail and commercial customers. It operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division, and Premium Finance Division. The company offers commercial and retail checking, regular interest-bearing savings, money market, individual retirement, and certificates of deposit accounts.