Ameris Bancorp (ABCB) Projected to Post Quarterly Earnings on Thursday

Ameris Bancorp (NYSE:ABCB) is projected to issue its results after the market closes on Thursday, October 22nd. Analysts expect Ameris Bancorp to post earnings of $1.68 per share and revenue of $326.66 million for the quarter.

Ameris Bancorp (NYSE:ABCB) last released its earnings results on Thursday, July 23rd. The bank reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.06). The firm had revenue of $317.78 million for the quarter, compared to the consensus estimate of $323.78 million. Ameris Bancorp had a return on equity of 10.62% and a net margin of 21.98%. During the same quarter last year, the company posted $1.59 EPS. On average, analysts expect Ameris Bancorp to post $6.61 EPS for the current fiscal year and $7.02 EPS for the next fiscal year.

Ameris Bancorp Stock Performance

ABCB opened at $80.73 on Wednesday. The business’s 50-day moving average price is $83.41 and its two-hundred day moving average price is $85.37. Ameris Bancorp has a 1 year low of $69.58 and a 1 year high of $93.22. The company has a market capitalization of $5.42 billion, a price-to-earnings ratio of 14.60 and a beta of 0.96. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.04 and a quick ratio of 1.02.

Ameris Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Wednesday, September 30th were issued a dividend of $0.20 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.80 annualized dividend and a yield of 1.0%. Ameris Bancorp’s dividend payout ratio is presently 14.47%.

Wall Street Analyst Weigh In

ABCB has been the subject of a number of analyst reports. Weiss Ratings started coverage on shares of Ameris Bancorp in a research report on Wednesday, September 2nd. They issued a “buy (b)” rating for the company. Wall Street Zen lowered shares of Ameris Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, September 26th. Stephens set a $88.00 price target on shares of Ameris Bancorp in a research report on Monday, July 27th. Raymond James Financial cut shares of Ameris Bancorp from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 1st. Finally, Morgan Stanley upgraded shares of Ameris Bancorp to an “overweight” rating in a research note on Wednesday, June 24th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.67.

Ameris Bancorp Company Profile

Ameris Bancorp (NYSE: ABCB) is a bank holding company and the parent company of Ameris Bank, a full-service financial institution serving individuals, businesses and communities primarily across the southeastern United States.

Ameris Bank offers a range of banking products and services, including checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial and industrial lending, commercial real estate financing, treasury management and wealth management services.