Ameris Bancorp (ABCB) Given Consensus Rating of “Hold” by Analysts

Shares of Ameris Bancorp (NASDAQ:ABCB) have been given an average rating of “Hold” by the seven analysts that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $52.33.

A number of equities research analysts recently weighed in on the stock. BidaskClub raised shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Keefe, Bruyette & Woods raised shares of Ameris Bancorp from a “market perform” rating to an “outperform” rating in a research note on Monday, November 20th. ValuEngine downgraded shares of Ameris Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Piper Jaffray Companies set a $50.00 target price on shares of Ameris Bancorp and gave the company a “hold” rating in a research note on Monday, October 23rd. Finally, Zacks Investment Research raised shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th.

In other Ameris Bancorp news, insider James A. Lahaise sold 14,200 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $46.58, for a total transaction of $661,436.00. Following the transaction, the insider now directly owns 73,986 shares in the company, valued at $3,446,267.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.63% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of ABCB. Schwab Charles Investment Management Inc. grew its position in Ameris Bancorp by 11.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 157,748 shares of the bank’s stock valued at $7,604,000 after acquiring an additional 15,743 shares during the last quarter. Arizona State Retirement System grew its position in Ameris Bancorp by 1.6% during the second quarter. Arizona State Retirement System now owns 19,400 shares of the bank’s stock valued at $935,000 after acquiring an additional 300 shares during the last quarter. Rhumbline Advisers grew its position in Ameris Bancorp by 3.0% during the second quarter. Rhumbline Advisers now owns 78,795 shares of the bank’s stock valued at $3,798,000 after acquiring an additional 2,299 shares during the last quarter. Legal & General Group Plc grew its position in Ameris Bancorp by 10.5% during the second quarter. Legal & General Group Plc now owns 71,894 shares of the bank’s stock valued at $3,468,000 after acquiring an additional 6,823 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in Ameris Bancorp by 66.8% during the second quarter. BNP Paribas Arbitrage SA now owns 11,274 shares of the bank’s stock valued at $543,000 after acquiring an additional 4,517 shares during the last quarter. Institutional investors and hedge funds own 81.98% of the company’s stock.

Shares of Ameris Bancorp (NASDAQ ABCB) opened at $48.75 on Friday. The firm has a market cap of $1,803.84, a P/E ratio of 21.48 and a beta of 1.19. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.07 and a quick ratio of 1.04. Ameris Bancorp has a one year low of $41.05 and a one year high of $51.30.

Ameris Bancorp (NASDAQ:ABCB) last announced its earnings results on Thursday, October 19th. The bank reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). The company had revenue of $93.85 million during the quarter, compared to analysts’ expectations of $96.89 million. Ameris Bancorp had a net margin of 21.57% and a return on equity of 12.12%. equities analysts anticipate that Ameris Bancorp will post 2.48 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Friday, December 29th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Thursday, December 28th. Ameris Bancorp’s payout ratio is currently 17.62%.

TRADEMARK VIOLATION NOTICE: “Ameris Bancorp (ABCB) Given Consensus Rating of “Hold” by Analysts” was reported by Community Financial News and is owned by of Community Financial News. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.com-unik.info/2017/12/29/ameris-bancorp-abcb-given-consensus-rating-of-hold-by-analysts.html.

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.

What are top analysts saying about Ameris Bancorp? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Ameris Bancorp and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit