Ameris Bancorp (ABCB) To Go Ex-Dividend on September 30th

Ameris Bancorp (NASDAQ:ABCB) declared a quarterly dividend on Thursday, September 19th, NASDAQ reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.15 per share by the bank on Monday, October 7th. This represents a $0.60 annualized dividend and a yield of 0.94%. The ex-dividend date is Monday, September 30th.

Ameris Bancorp Stock Down 1.8 %

ABCB opened at $64.00 on Friday. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 15.57 and a beta of 1.02. The firm has a 50 day moving average price of $59.49 and a 200-day moving average price of $52.04. Ameris Bancorp has a twelve month low of $34.26 and a twelve month high of $65.40. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.30.

Ameris Bancorp (NASDAQ:ABCB) last announced its earnings results on Thursday, July 25th. The bank reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.03. The business 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 previous year, the business earned $0.91 EPS. Equities research analysts forecast that Ameris Bancorp will post 4.82 earnings per share for the current year.

Analysts Set New Price Targets

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

Ameris Bancorp Company Profile

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.