Ameris Bancorp (ABCB) Scheduled to Post Earnings on Thursday

Ameris Bancorp (NASDAQ:ABCB) is scheduled to release its earnings data after the market closes on Thursday, April 25th. Analysts expect Ameris Bancorp to post earnings of $1.06 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Ameris Bancorp (NASDAQ:ABCB) last posted its earnings results on Thursday, January 25th. The bank reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.05). Ameris Bancorp had a return on equity of 8.30% and a net margin of 17.67%. The company had revenue of $262.35 million during the quarter, compared to the consensus estimate of $267.23 million. On average, analysts expect Ameris Bancorp to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Ameris Bancorp Trading Up 1.1 %

NASDAQ:ABCB opened at $46.77 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.19. Ameris Bancorp has a 12 month low of $28.33 and a 12 month high of $53.99. The company has a market cap of $3.23 billion, a PE ratio of 11.99 and a beta of 1.05. The company has a 50 day simple moving average of $46.52 and a two-hundred day simple moving average of $46.01.

Ameris Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 8th. Stockholders of record on Sunday, March 31st were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Wednesday, March 27th. Ameris Bancorp’s payout ratio is 15.38%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ABCB. Truist Financial cut their price objective on shares of Ameris Bancorp from $60.00 to $54.00 and set a “buy” rating for the company in a research report on Monday, April 1st. Stephens reaffirmed an “equal weight” rating and issued a $53.00 target price on shares of Ameris Bancorp in a report on Tuesday, January 30th. StockNews.com downgraded shares of Ameris Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. Finally, DA Davidson reaffirmed a “buy” rating on shares of Ameris Bancorp in a report on Monday, January 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Ameris Bancorp currently has an average rating of “Hold” and a consensus price target of $50.25.

Insiders Place Their Bets

In other Ameris Bancorp news, insider Jon S. Edwards sold 7,500 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $47.35, for a total value of $355,125.00. Following the sale, the insider now owns 59,691 shares in the company, valued at approximately $2,826,368.85. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.60% 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.