Ameris Bancorp (ABCB) to Issue Quarterly Dividend of $0.20 on January 6th

Ameris Bancorp (NASDAQ:ABCB) announced a quarterly dividend on Wednesday, December 18th,Wall Street Journal reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.20 per share by the bank on Monday, January 6th. This represents a $0.80 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Tuesday, December 31st. This is an increase from Ameris Bancorp’s previous quarterly dividend of $0.15.

Ameris Bancorp Trading Down 1.4 %

Shares of ABCB opened at $63.05 on Friday. Ameris Bancorp has a twelve month low of $44.00 and a twelve month high of $74.56. The stock has a market cap of $4.35 billion, a PE ratio of 13.14 and a beta of 1.03. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.13. The business’s 50-day moving average price is $66.64 and its 200-day moving average price is $60.67.

Ameris Bancorp (NASDAQ:ABCB) last posted its earnings results on Thursday, October 24th. The bank reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.13. Ameris Bancorp had a net margin of 20.08% and a return on equity of 9.18%. The business had revenue of $424.86 million for the quarter, compared to analyst estimates of $290.60 million. During the same quarter in the prior year, the firm posted $1.16 EPS. On average, equities analysts forecast that Ameris Bancorp will post 4.83 EPS for the current fiscal year.

Analyst Ratings Changes

ABCB has been the topic of a number of research analyst reports. Truist Financial lowered their price target on Ameris Bancorp from $73.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Raymond James raised shares of Ameris Bancorp from a “market perform” rating to an “outperform” rating and set a $67.00 target price on the stock in a research note on Monday, October 28th. StockNews.com raised shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Keefe, Bruyette & Woods increased their price target on shares of Ameris Bancorp from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Finally, Stephens lifted their price objective on shares of Ameris Bancorp from $64.00 to $67.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $69.17.

Insider Transactions at Ameris Bancorp

In other news, Director Robert Dale Ezzell sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $69.91, for a total transaction of $559,280.00. Following the transaction, the director now directly owns 27,444 shares of the company’s stock, valued at approximately $1,918,610.04. This trade represents a 22.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.50% of the company’s stock.

About Ameris Bancorp

Ameris Bancorp operates as the bank holding company for Ameris Bank that provides range of banking services to retail and commercial customers. It operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division, and Premium Finance Division. The company offers commercial and retail checking, regular interest-bearing savings, money market, individual retirement, and certificates of deposit accounts.