Ameris Bancorp (ABCB) to Distribute Quarterly Dividend of $0.20 on July 6th

Ameris Bancorp (NASDAQ:ABCB) declared a quarterly dividend on Thursday, June 18th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.20 per share by the bank on Monday, July 6th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 30th.

Ameris Bancorp has raised its dividend payment by an average of 0.1%per year over the last three years.

Ameris Bancorp Price Performance

Shares of ABCB opened at $90.92 on Friday. The stock has a market cap of $6.12 billion, a PE ratio of 17.45 and a beta of 0.91. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.00 and a current ratio of 1.02. Ameris Bancorp has a fifty-two week low of $64.30 and a fifty-two week high of $91.41. The firm’s 50-day simple moving average is $85.59 and its two-hundred day simple moving average is $81.37.

Ameris Bancorp (NASDAQ:ABCB) last released its earnings results on Thursday, April 23rd. The bank reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.09. The firm had revenue of $314.36 million during the quarter, compared to analyst estimates of $309.58 million. Ameris Bancorp had a net margin of 21.46% and a return on equity of 9.57%. During the same period last year, the business earned $1.28 earnings per share. Analysts anticipate that Ameris Bancorp will post 4.99 earnings per share for the current fiscal year.

Ameris Bancorp Company Profile

Ameris Bancorp is a bank holding company headquartered in Atlanta, Georgia. Through its principal subsidiary, Ameris Bank, the company offers a broad range of commercial and retail banking services to individuals, small businesses, middle market companies and agricultural customers. Its core business lines encompass deposit services, lending solutions, treasury management, mortgage origination and servicing, insurance products and wealth management.

Ameris Bancorp operates a network of branches and loan production offices across the southeastern United States, including Georgia, Alabama, Florida, North Carolina, South Carolina and Tennessee.