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

Ameris Bancorp (NASDAQ:ABCB) is scheduled to release its earnings data after the market closes on Thursday, October 24th. Analysts expect Ameris Bancorp to post earnings of $1.26 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Ameris Bancorp (NASDAQ:ABCB) last released its quarterly earnings data on Thursday, July 25th. The bank reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.03. The company had revenue of $436.03 million during the quarter, compared to analyst estimates of $273.67 million. Ameris Bancorp had a net margin of 19.28% and a return on equity of 8.97%. During the same period in the prior year, the firm earned $0.91 earnings per share. On average, analysts expect Ameris Bancorp to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Ameris Bancorp Trading Up 0.8 %

NASDAQ ABCB opened at $62.89 on Wednesday. Ameris Bancorp has a one year low of $34.26 and a one year high of $66.51. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.03 and a current ratio of 1.05. The company has a market capitalization of $4.35 billion, a price-to-earnings ratio of 15.30 and a beta of 1.01. The company’s 50-day simple moving average is $61.10 and its two-hundred day simple moving average is $54.37.

Ameris Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.95%. The ex-dividend date was Monday, September 30th. Ameris Bancorp’s payout ratio is 14.60%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Stephens increased their target price on Ameris Bancorp from $52.00 to $64.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods raised their price objective on Ameris Bancorp from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Truist Financial boosted their target price on shares of Ameris Bancorp from $69.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Finally, DA Davidson increased their price target on shares of Ameris Bancorp from $61.00 to $76.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $67.00.

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.