Equities analysts expect Ameris Bancorp (NASDAQ:ABCB) to post earnings per share (EPS) of $0.86 for the current quarter, according to Zacks. Three analysts have provided estimates for Ameris Bancorp’s earnings, with estimates ranging from $0.84 to $0.88. Ameris Bancorp reported earnings per share of $0.63 in the same quarter last year, which suggests a positive year over year growth rate of 36.5%. The company is scheduled to issue its next earnings report on Friday, July 20th.
According to Zacks, analysts expect that Ameris Bancorp will report full year earnings of $3.48 per share for the current year, with EPS estimates ranging from $3.39 to $3.56. For the next fiscal year, analysts anticipate that the firm will post earnings of $4.28 per share, with EPS estimates ranging from $4.26 to $4.29. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Ameris Bancorp.
Ameris Bancorp (NASDAQ:ABCB) last issued its quarterly earnings data on Friday, April 20th. The bank reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.05). The company had revenue of $95.27 million for the quarter, compared to the consensus estimate of $100.49 million. Ameris Bancorp had a return on equity of 12.09% and a net margin of 19.19%.
ABCB has been the subject of a number of recent research reports. BidaskClub raised Ameris Bancorp from a “buy” rating to a “strong-buy” rating in a report on Friday, March 9th. Zacks Investment Research lowered Ameris Bancorp from a “hold” rating to a “sell” rating in a report on Monday, March 12th. ValuEngine lowered Ameris Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, April 18th. SunTrust Banks decreased their price objective on Ameris Bancorp from $65.00 to $60.00 and set a “buy” rating for the company in a report on Monday, April 23rd. Finally, Stephens reissued a “buy” rating on shares of Ameris Bancorp in a report on Monday, April 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $55.00.
Shares of ABCB opened at $53.35 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.02 and a quick ratio of 1.00. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 21.51 and a beta of 1.20. Ameris Bancorp has a 52 week low of $41.05 and a 52 week high of $59.05.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 10th. Stockholders of record on Friday, June 29th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, June 28th. Ameris Bancorp’s dividend payout ratio is presently 16.13%.
In other news, Director Robert Dale Ezzell sold 6,800 shares of the company’s stock in a transaction that occurred on Monday, May 21st. The stock was sold at an average price of $56.60, for a total value of $384,880.00. Following the completion of the transaction, the director now directly owns 32,772 shares of the company’s stock, valued at $1,854,895.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.07% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Mason Street Advisors LLC grew its holdings in shares of Ameris Bancorp by 9.6% in the first quarter. Mason Street Advisors LLC now owns 10,609 shares of the bank’s stock valued at $561,000 after acquiring an additional 926 shares in the last quarter. Flinton Capital Management LLC grew its holdings in shares of Ameris Bancorp by 19.0% in the fourth quarter. Flinton Capital Management LLC now owns 6,188 shares of the bank’s stock valued at $298,000 after acquiring an additional 986 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Ameris Bancorp by 45.8% in the fourth quarter. Bank of Montreal Can now owns 3,188 shares of the bank’s stock valued at $153,000 after acquiring an additional 1,002 shares in the last quarter. Virtus Fund Advisers LLC grew its holdings in shares of Ameris Bancorp by 20.5% in the fourth quarter. Virtus Fund Advisers LLC now owns 6,334 shares of the bank’s stock valued at $306,000 after acquiring an additional 1,078 shares in the last quarter. Finally, Monarch Partners Asset Management LLC grew its holdings in shares of Ameris Bancorp by 1.8% in the first quarter. Monarch Partners Asset Management LLC now owns 65,905 shares of the bank’s stock valued at $3,486,000 after acquiring an additional 1,175 shares in the last quarter. 87.72% of the stock is owned by institutional investors.
Ameris Bancorp Company Profile
Ameris Bancorp operates as the holding company for Ameris Bank that provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. The company operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, Small Business Administration Division, and Premium Finance Division.
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