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

Ameris Bancorp (NASDAQ:ABCB) will likely be posting its quarterly earnings results after the market closes on Thursday, January 30th. Analysts expect Ameris Bancorp to post earnings of $1.20 per share and revenue of $276,188.75 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Ameris Bancorp Trading Up 1.0 %

Ameris Bancorp stock opened at $65.04 on Tuesday. Ameris Bancorp has a 52 week low of $44.22 and a 52 week high of $74.56. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.03. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 13.55 and a beta of 1.06. The company has a 50 day moving average price of $65.47 and a 200 day moving average price of $62.87.

Ameris Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Tuesday, December 31st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Tuesday, December 31st. This is a boost from Ameris Bancorp’s previous quarterly dividend of $0.15. Ameris Bancorp’s dividend payout ratio (DPR) is 16.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ABCB shares. Raymond James upgraded Ameris Bancorp from a “market perform” rating to an “outperform” rating and set a $67.00 price objective for the company in a research report on Monday, October 28th. Stephens upped their price objective on shares of Ameris Bancorp from $64.00 to $67.00 and gave the company an “equal weight” rating 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 upped their price target on shares of Ameris Bancorp from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Finally, Truist Financial reduced their price objective on Ameris Bancorp from $73.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Ameris Bancorp has an average rating of “Moderate Buy” and a consensus price target of $69.17.

Insider Buying and Selling at Ameris Bancorp

In other Ameris Bancorp news, Director Robert Dale Ezzell sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $69.91, for a total value of $559,280.00. Following the sale, the director now owns 27,444 shares of the company’s stock, valued at $1,918,610.04. This trade represents a 22.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate 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.