Ameris Bancorp (NASDAQ:ABCB) will be announcing its Q316 earnings results on Monday, October 17th. Analysts expect the company to announce earnings of $0.59 per share and revenue of $85.80 million for the quarter.
Ameris Bancorp (NASDAQ:ABCB) last issued its quarterly earnings data on Friday, July 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. Ameris Bancorp had a return on equity of 12.02% and a net margin of 19.56%. On average, analysts expect Ameris Bancorp to post $2.12 EPS for the current fiscal year and $2.52 EPS for the next fiscal year.
Shares of Ameris Bancorp (NASDAQ:ABCB) opened at 35.90 on Thursday. The stock’s 50 day moving average price is $35.15 and its 200-day moving average price is $32.06. The company has a market cap of $1.25 billion, a PE ratio of 19.27 and a beta of 1.33. Ameris Bancorp has a one year low of $24.96 and a one year high of $36.31.
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 11th. Shareholders of record on Friday, September 30th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.11%. This is an increase from Ameris Bancorp’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Wednesday, September 28th. Ameris Bancorp’s dividend payout ratio (DPR) is presently 21.62%.
Several brokerages have commented on ABCB. Zacks Investment Research raised shares of Ameris Bancorp from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Tuesday, July 26th. Sandler O’Neill downgraded shares of Ameris Bancorp from a “buy” rating to a “hold” rating and raised their price target for the company from $36.00 to $38.00 in a report on Tuesday, September 27th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Ameris Bancorp from $31.00 to $35.00 and gave the company a “market perform” rating in a report on Monday, July 25th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $34.30.
Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Ameris Bancorp by 95.9% in the second quarter. BlackRock Inc. now owns 4,042 shares of the company’s stock valued at $121,000 after buying an additional 1,979 shares during the period. Parametric Portfolio Associates LLC boosted its stake in Ameris Bancorp by 12.7% in the second quarter. Parametric Portfolio Associates LLC now owns 11,969 shares of the company’s stock valued at $355,000 after buying an additional 1,351 shares during the period. Arizona State Retirement System boosted its stake in Ameris Bancorp by 2.1% in the second quarter. Arizona State Retirement System now owns 14,500 shares of the company’s stock valued at $431,000 after buying an additional 300 shares during the period. BlackRock Advisors LLC boosted its stake in Ameris Bancorp by 7.5% in the second quarter. BlackRock Advisors LLC now owns 15,450 shares of the company’s stock valued at $459,000 after buying an additional 1,078 shares during the period. Finally, A.R.T. Advisors LLC acquired a new position in shares of Ameris Bancorp during the second quarter worth approximately $506,000. Hedge funds and other institutional investors own 80.12% 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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