Ameris Bancorp Declares Quarterly Dividend of $0.20 (NASDAQ:ABCB)

Ameris Bancorp (NASDAQ:ABCB) declared a quarterly dividend on Thursday, June 18th. Shareholders 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 yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 30th.

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

Ameris Bancorp Stock Performance

Ameris Bancorp stock opened at $87.65 on Friday. Ameris Bancorp has a fifty-two week low of $60.53 and a fifty-two week high of $90.00. The company has a market capitalization of $5.90 billion, a price-to-earnings ratio of 16.82 and a beta of 0.91. The stock has a fifty day moving average of $84.87 and a two-hundred day moving average of $80.87. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.00 and a current ratio of 1.02.

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

Institutional Investors Weigh In On Ameris Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in ABCB. NewEdge Advisors LLC lifted its position in Ameris Bancorp by 24.6% during the first quarter. NewEdge Advisors LLC now owns 10,680 shares of the bank’s stock worth $833,000 after buying an additional 2,109 shares during the period. Amundi grew its holdings in Ameris Bancorp by 65.8% in the 1st quarter. Amundi now owns 17,067 shares of the bank’s stock valued at $1,331,000 after buying an additional 6,773 shares during the period. California State Teachers Retirement System increased its stake in shares of Ameris Bancorp by 21.8% during the 1st quarter. California State Teachers Retirement System now owns 75,346 shares of the bank’s stock valued at $5,876,000 after acquiring an additional 13,486 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of Ameris Bancorp by 148.5% during the 1st quarter. Quantinno Capital Management LP now owns 34,350 shares of the bank’s stock valued at $2,679,000 after acquiring an additional 20,526 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new position in shares of Ameris Bancorp during the 1st quarter valued at about $1,809,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Ameris Bancorp Company Profile

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.