Ameris Bancorp (ABCB) to Distribute Quarterly Dividend of $0.20 on July 6th

Ameris Bancorp (NASDAQ:ABCB) declared a quarterly dividend on Thursday, June 18th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.20 per share by the bank on Monday, July 6th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 30th.

Ameris Bancorp has raised its dividend by an average of 0.1%per year over the last three years.

Ameris Bancorp Stock Up 0.1%

ABCB stock opened at $87.65 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.11. Ameris Bancorp has a fifty-two week low of $60.53 and a fifty-two week high of $90.00. The firm’s 50-day simple moving average is $84.97 and its 200 day simple moving average is $80.92. The stock has a market cap of $5.90 billion, a PE ratio of 16.82 and a beta of 0.91.

Ameris Bancorp (NASDAQ:ABCB) last issued its quarterly earnings data on Thursday, April 23rd. The bank reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.09. The firm had revenue of $314.36 million for the quarter, compared to the consensus estimate of $309.58 million. Ameris Bancorp had a net margin of 21.46% and a return on equity of 9.57%. During the same period last year, the firm posted $1.28 EPS. As a group, sell-side analysts predict that Ameris Bancorp will post 4.99 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Raymond James Financial reaffirmed an “outperform” rating and set a $92.00 price target on shares of Ameris Bancorp in a report on Monday, April 27th. DA Davidson increased their price target on Ameris Bancorp from $94.00 to $98.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Stephens boosted their price objective on Ameris Bancorp from $87.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Monday, April 27th. Finally, Truist Financial upped their price target on shares of Ameris Bancorp from $85.00 to $89.00 and gave the company a “hold” rating in a report on Monday, April 27th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.17.

About Ameris Bancorp

Ameris Bancorp is a bank holding company headquartered in Atlanta, Georgia. Through its principal subsidiary, Ameris Bank, the company offers a broad range of commercial and retail banking services to individuals, small businesses, middle market companies and agricultural customers. Its core business lines encompass deposit services, lending solutions, treasury management, mortgage origination and servicing, insurance products and wealth management.

Ameris Bancorp operates a network of branches and loan production offices across the southeastern United States, including Georgia, Alabama, Florida, North Carolina, South Carolina and Tennessee.