Ameris Bancorp (NASDAQ:ABCB) – FIG Partners raised their FY2016 earnings per share (EPS) estimates for Ameris Bancorp in a report issued on Monday. FIG Partners analyst C. Marinac now expects that the brokerage will post earnings of $2.30 per share for the year, up from their previous estimate of $2.25. FIG Partners also issued estimates for Ameris Bancorp’s Q4 2016 earnings at $0.62 EPS, Q2 2017 earnings at $0.63 EPS, Q3 2017 earnings at $0.68 EPS, Q4 2017 earnings at $0.70 EPS and FY2017 earnings at $2.60 EPS.
Several other equities analysts also recently weighed in on ABCB. Zacks Investment Research upgraded shares of Ameris Bancorp from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Tuesday, July 26th. Keefe, Bruyette & Woods lifted their target price on shares of Ameris Bancorp from $31.00 to $35.00 and gave the stock a “market perform” rating in a research note on Monday, July 25th. Finally, Sandler O’Neill downgraded shares of Ameris Bancorp from a “buy” rating to a “hold” rating and lifted their target price for the stock from $36.00 to $38.00 in a research note on Tuesday, September 27th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $34.30.
Shares of Ameris Bancorp (NASDAQ:ABCB) remained flat at $35.80 during trading on Tuesday. 72,046 shares of the company were exchanged. Ameris Bancorp has a one year low of $24.96 and a one year high of $36.31. The company has a market cap of $1.25 billion, a P/E ratio of 19.22 and a beta of 1.33. The stock’s 50-day moving average price is $35.29 and its 200-day moving average price is $32.22.
Ameris Bancorp (NASDAQ:ABCB) last announced its quarterly earnings results on Monday, October 17th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.02. Ameris Bancorp had a net margin of 19.56% and a return on equity of 12.02%.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 11th. Stockholders of record on Friday, September 30th were given a $0.10 dividend. This is a positive change from Ameris Bancorp’s previous quarterly dividend of $0.05. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Wednesday, September 28th. Ameris Bancorp’s dividend payout ratio (DPR) is 21.62%.
Several institutional investors have recently added to or reduced their stakes in ABCB. Teachers Advisors Inc. raised its position in Ameris Bancorp by 5.4% in the first quarter. Teachers Advisors Inc. now owns 69,408 shares of the company’s stock worth $2,053,000 after buying an additional 3,557 shares during the period. BlackRock Fund Advisors raised its position in Ameris Bancorp by 2.7% in the first quarter. BlackRock Fund Advisors now owns 1,864,546 shares of the company’s stock worth $55,153,000 after buying an additional 49,573 shares during the period. GW&K Investment Management LLC purchased a new position in Ameris Bancorp during the second quarter worth approximately $17,671,000. TIAA CREF Investment Management LLC raised its position in Ameris Bancorp by 5.5% in the first quarter. TIAA CREF Investment Management LLC now owns 140,538 shares of the company’s stock worth $4,157,000 after buying an additional 7,368 shares during the period. Finally, Texas Permanent School Fund raised its position in Ameris Bancorp by 4.1% in the first quarter. Texas Permanent School Fund now owns 22,237 shares of the company’s stock worth $658,000 after buying an additional 883 shares during the period. Institutional investors own 80.03% 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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