Ameris Bancorp (NASDAQ:ABCB) Announces Quarterly Dividend of $0.20

Ameris Bancorp (NASDAQ:ABCB) declared a quarterly dividend on Thursday, March 20th, RTT News reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.20 per share by the bank on Monday, April 7th. This represents a $0.80 annualized dividend and a dividend yield of 1.40%.

Ameris Bancorp Trading Down 1.3 %

Shares of ABCB stock traded down $0.75 on Thursday, hitting $57.32. The stock had a trading volume of 720,937 shares, compared to its average volume of 423,689. The company’s 50 day moving average price is $63.23 and its 200-day moving average price is $64.01. Ameris Bancorp has a 1 year low of $44.22 and a 1 year high of $74.56. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.02 and a quick ratio of 1.00. The firm has a market capitalization of $3.96 billion, a P/E ratio of 11.00 and a beta of 1.02.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ABCB shares. Stephens reiterated an “equal weight” rating and set a $71.00 price target on shares of Ameris Bancorp in a research note on Friday, January 31st. Raymond James reaffirmed an “outperform” rating and set a $71.00 target price (up from $67.00) on shares of Ameris Bancorp in a research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods raised their price target on shares of Ameris Bancorp from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Ameris Bancorp has an average rating of “Moderate Buy” and a consensus price target of $70.50.

Insider Buying and Selling

In other Ameris Bancorp news, insider Douglas D. Strange bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average price of $56.95 per share, with a total value of $56,950.00. Following the completion of the acquisition, the insider now directly owns 19,403 shares of the company’s stock, valued at $1,105,000.85. This represents a 5.43 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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.