Ameris Bancorp (NASDAQ:ABCB) to Issue $0.20 Quarterly Dividend

Ameris Bancorp (NASDAQ:ABCB) declared a quarterly dividend on Thursday, March 20th, RTT News reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.20 per share by the bank on Monday, April 7th. This represents a $0.80 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Monday, March 31st.

Ameris Bancorp Trading Up 0.4 %

Shares of NASDAQ:ABCB opened at $57.69 on Friday. Ameris Bancorp has a 12-month low of $44.23 and a 12-month high of $74.56. The company has a market capitalization of $3.98 billion, a PE ratio of 11.07 and a beta of 1.02. The business has a 50 day moving average of $63.11 and a two-hundred day moving average of $63.94. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.11.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ABCB shares. Raymond James reiterated an “outperform” rating and set a $71.00 target price (up previously from $67.00) on shares of Ameris Bancorp in a research report on Monday, February 3rd. Keefe, Bruyette & Woods raised 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, Stephens restated an “equal weight” rating and issued a $71.00 target price on shares of Ameris Bancorp in a report on Friday, January 31st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Ameris Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $70.50.

Insider Activity at Ameris Bancorp

In related news, insider Douglas D. Strange acquired 1,000 shares of Ameris Bancorp stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average cost of $56.95 per share, for a total transaction of $56,950.00. Following the acquisition, the insider now owns 19,403 shares in the company, valued at approximately $1,105,000.85. This represents a 5.43 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 5.50% of the stock is owned by 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.