Equities analysts expect that Ameris Bancorp (NASDAQ:ABCB) will post $0.59 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Ameris Bancorp’s earnings, with the lowest EPS estimate coming in at $0.56 and the highest estimate coming in at $0.61. Ameris Bancorp posted earnings per share of $0.50 in the same quarter last year, which suggests a positive year over year growth rate of 18%. The company is expected to issue its next quarterly earnings results before the market opens on Friday, April 21st.
According to Zacks, analysts expect that Ameris Bancorp will report full-year earnings of $2.62 per share for the current fiscal year, with EPS estimates ranging from $2.53 to $2.70. For the next fiscal year, analysts anticipate that the business will post earnings of $3.19 per share, with EPS estimates ranging from $3.10 to $3.26. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Ameris Bancorp.
Ameris Bancorp (NASDAQ:ABCB) last issued its earnings results on Friday, January 20th. The bank reported $0.52 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.52. The business earned $81.55 million during the quarter, compared to the consensus estimate of $86.94 million. Ameris Bancorp had a return on equity of 12.84% and a net margin of 20.91%.
A number of research firms recently weighed in on ABCB. Zacks Investment Research raised Ameris Bancorp from a “hold” rating to a “strong-buy” rating and set a $50.00 price objective for the company in a research report on Tuesday, January 3rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $50.00 price objective on shares of Ameris Bancorp in a research report on Wednesday, April 5th. Finally, Stephens reaffirmed a “buy” rating on shares of Ameris Bancorp in a research report on Friday. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $42.25.
Shares of Ameris Bancorp (NASDAQ:ABCB) traded up 1.20% during midday trading on Tuesday, reaching $46.30. The company’s stock had a trading volume of 301,091 shares. Ameris Bancorp has a 12-month low of $27.92 and a 12-month high of $49.50. The company’s 50-day moving average price is $45.38 and its 200 day moving average price is $43.28. The company has a market capitalization of $1.60 billion, a P/E ratio of 22.26 and a beta of 1.39.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 10th. Investors of record on Friday, March 31st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend was Wednesday, March 29th. Ameris Bancorp’s dividend payout ratio (DPR) is presently 19.32%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. bought a new position in Ameris Bancorp during the third quarter worth $124,000. State of Alaska Department of Revenue raised its position in Ameris Bancorp by 7.4% in the first quarter. State of Alaska Department of Revenue now owns 4,050 shares of the bank’s stock worth $186,000 after buying an additional 280 shares during the period. Pacad Investment Ltd. bought a new position in Ameris Bancorp during the fourth quarter worth $192,000. Dynamic Technology Lab Private Ltd bought a new position in Ameris Bancorp during the fourth quarter worth $211,000. Finally, GSA Capital Partners LLP bought a new position in Ameris Bancorp during the fourth quarter worth $279,000. 82.37% of the stock is owned by institutional investors.
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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