Ameris Bancorp (ABCB) Set to Announce Quarterly Earnings on Thursday

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

Ameris Bancorp (NASDAQ:ABCB) last announced its quarterly earnings results on Thursday, July 25th. The bank reported $1.17 EPS for the quarter, topping the consensus estimate of $1.14 by $0.03. The business had revenue of $436.03 million for the quarter, compared to analysts’ expectations of $273.67 million. Ameris Bancorp had a net margin of 19.28% and a return on equity of 8.97%. During the same quarter in the previous year, the company earned $0.91 EPS. 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 Stock Up 2.6 %

Shares of NASDAQ ABCB opened at $66.30 on Thursday. The firm’s 50-day moving average price is $60.60 and its 200-day moving average price is $53.94. The company has a current ratio of 1.05, a quick ratio of 1.03 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of 16.13 and a beta of 1.01. Ameris Bancorp has a 12-month low of $34.26 and a 12-month high of $66.45.

Ameris Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Monday, September 30th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Monday, September 30th. Ameris Bancorp’s dividend payout ratio is 14.60%.

Analyst Upgrades and Downgrades

ABCB has been the topic of a number of recent analyst reports. Truist Financial increased their price objective on shares of Ameris Bancorp from $69.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. DA Davidson raised their target price on shares of Ameris Bancorp from $61.00 to $76.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Stephens raised their target price on shares of Ameris Bancorp from $52.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Ameris Bancorp from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Two research 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, the stock has an average rating of “Moderate Buy” and an average price target 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.