Ameris Bancorp (NASDAQ:ABCB) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, January 18th. Analysts expect Ameris Bancorp to post earnings of $0.66 per share for the quarter.
Ameris Bancorp (NASDAQ:ABCB) last announced its quarterly earnings data on Thursday, October 19th. The bank reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). Ameris Bancorp had a net margin of 21.57% and a return on equity of 12.12%. The business had revenue of $93.85 million during the quarter, compared to analyst estimates of $96.89 million. On average, analysts expect Ameris Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Ameris Bancorp (ABCB) opened at $51.15 on Thursday. Ameris Bancorp has a one year low of $41.05 and a one year high of $51.85. The stock has a market cap of $1,890.00, a price-to-earnings ratio of 22.73 and a beta of 1.20. The company has a quick ratio of 1.04, a current ratio of 1.07 and a debt-to-equity ratio of 1.11.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. BidaskClub upgraded shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $52.00 target price on shares of Ameris Bancorp in a research report on Thursday, October 26th. Piper Jaffray Companies set a $48.00 target price on shares of Ameris Bancorp and gave the stock a “hold” rating in a research report on Friday, October 6th. Finally, ValuEngine cut shares of Ameris Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $53.00.
In related news, insider James A. Lahaise sold 14,200 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $46.58, for a total transaction of $661,436.00. Following the completion of the sale, the insider now owns 73,986 shares in the company, valued at approximately $3,446,267.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.63% of the company’s stock.
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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