Ameris Bancorp Declares Quarterly Dividend of $0.15 (NASDAQ:ABCB)

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 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Monday, September 30th.

Ameris Bancorp Price Performance

NASDAQ ABCB opened at $61.32 on Friday. The firm’s 50 day moving average is $59.85 and its 200-day moving average is $52.58. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $4.24 billion, a PE ratio of 14.92 and a beta of 1.02. Ameris Bancorp has a 12-month low of $34.26 and a 12-month high of $65.40.

Ameris Bancorp (NASDAQ:ABCB) last issued its quarterly earnings results on Thursday, July 25th. The bank reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.03. Ameris Bancorp had a net margin of 19.28% and a return on equity of 8.97%. The firm had revenue of $436.03 million for the quarter, compared to analyst estimates of $273.67 million. During the same period in the previous year, the business earned $0.91 EPS. Equities research analysts anticipate that Ameris Bancorp will post 4.82 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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