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.
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%.
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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