Equities analysts expect Ameris Bancorp (NASDAQ:ABCB) to report $0.59 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Ameris Bancorp’s earnings. The highest EPS estimate is $0.61 and the lowest is $0.56. Ameris Bancorp reported earnings of $0.50 per share in the same quarter last year, which indicates a positive year over year growth rate of 18%. The firm is expected to announce its next earnings report before the market opens on Friday, April 21st.
On average, analysts expect that Ameris Bancorp will report full year earnings of $2.62 per share for the current financial year, with EPS estimates ranging from $2.53 to $2.70. For the next year, analysts expect that the company will report earnings of $3.19 per share, with EPS estimates ranging from $3.10 to $3.26. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Ameris Bancorp.
Ameris Bancorp (NASDAQ:ABCB) last issued its quarterly earnings data on Friday, January 20th. The bank reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. The firm had revenue of $81.55 million for the quarter, compared to analyst estimates of $86.94 million. Ameris Bancorp had a net margin of 20.91% and a return on equity of 12.84%.
A number of equities research analysts recently weighed in on the company. Stephens restated a “buy” rating on shares of Ameris Bancorp in a research note on Friday. Zacks Investment Research upgraded Ameris Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, April 14th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $50.00 price target on shares of Ameris Bancorp in a research note on Wednesday, April 5th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $42.25.
Shares of Ameris Bancorp (NASDAQ:ABCB) traded up 1.20% during trading on Tuesday, reaching $46.30. 301,091 shares of the company traded hands. The stock’s 50 day moving average price is $45.38 and its 200-day moving average price is $43.28. The stock has a market cap of $1.60 billion, a P/E ratio of 22.26 and a beta of 1.39. Ameris Bancorp has a 12 month low of $27.92 and a 12 month high of $49.50.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 10th. Investors of record on Friday, March 31st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend was Wednesday, March 29th. Ameris Bancorp’s dividend payout ratio (DPR) is presently 19.32%.
Large investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue boosted its stake in Ameris Bancorp by 7.4% in the first quarter. State of Alaska Department of Revenue now owns 4,050 shares of the bank’s stock worth $186,000 after buying an additional 280 shares during the period. Louisiana State Employees Retirement System boosted its stake in Ameris Bancorp by 6.4% in the first quarter. Louisiana State Employees Retirement System now owns 14,900 shares of the bank’s stock worth $687,000 after buying an additional 900 shares during the period. TNB Financial acquired a new stake in Ameris Bancorp during the first quarter worth $422,000. Bank of Montreal Can boosted its stake in Ameris Bancorp by 22.1% in the first quarter. Bank of Montreal Can now owns 56,194 shares of the bank’s stock worth $2,590,000 after buying an additional 10,174 shares during the period. Finally, GW&K Investment Management LLC boosted its stake in Ameris Bancorp by 8.1% in the first quarter. GW&K Investment Management LLC now owns 733,473 shares of the bank’s stock worth $33,813,000 after buying an additional 54,689 shares during the period. Institutional investors and hedge funds own 82.37% of the company’s stock.
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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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