Ameris Bancorp (NASDAQ:ABCB – Get Free Report) issued its quarterly earnings data on Thursday. The bank reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.13, Briefing.com reports. Ameris Bancorp had a return on equity of 8.97% and a net margin of 19.28%. The company had revenue of $424.86 million for the quarter, compared to analyst estimates of $290.60 million. During the same quarter last year, the company posted $1.16 earnings per share.
Ameris Bancorp Stock Down 2.8 %
Shares of Ameris Bancorp stock opened at $61.25 on Friday. Ameris Bancorp has a one year low of $34.76 and a one year high of $66.51. The company has a market cap of $4.23 billion, a P/E ratio of 14.90 and a beta of 1.01. 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 firm has a fifty day moving average of $61.54 and a two-hundred day moving average of $54.74.
Ameris Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were given a $0.15 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.60 dividend on an annualized basis and a yield of 0.98%. Ameris Bancorp’s dividend payout ratio (DPR) is 14.60%.
Analyst Ratings Changes
View Our Latest Stock Analysis on ABCB
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.
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