Ameris Bancorp (ABCB) to Release Quarterly Earnings on Thursday

Ameris Bancorp (NASDAQ:ABCB) is anticipated to release its earnings data after the market closes on Thursday, January 30th. Analysts expect Ameris Bancorp to post earnings of $1.20 per share and revenue of $276.19 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Ameris Bancorp Trading Down 0.2 %

NASDAQ:ABCB opened at $64.95 on Wednesday. The stock has a fifty day moving average price of $65.40 and a 200 day moving average price of $62.94. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Ameris Bancorp has a 12-month low of $44.22 and a 12-month high of $74.56. The firm has a market cap of $4.49 billion, a PE ratio of 13.53 and a beta of 1.06.

Ameris Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Tuesday, December 31st were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.23%. This is a positive change from Ameris Bancorp’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, December 31st. Ameris Bancorp’s dividend payout ratio is presently 16.67%.

Analysts Set New Price Targets

A number of research firms have weighed in on ABCB. Truist Financial cut their price target on Ameris Bancorp from $73.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Stephens increased their price objective on Ameris Bancorp from $64.00 to $67.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. StockNews.com upgraded shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. Raymond James raised shares of Ameris Bancorp from a “market perform” rating to an “outperform” rating and set a $67.00 price objective on the stock in a research report on Monday, October 28th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Ameris Bancorp from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Two 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.17.

Insider Buying and Selling at Ameris Bancorp

In other news, Director Robert Dale Ezzell sold 8,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $69.91, for a total value of $559,280.00. Following the completion of the transaction, the director now owns 27,444 shares in the company, valued at $1,918,610.04. This trade represents a 22.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.50% of the stock is owned by corporate insiders.

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.