Equities analysts forecast that Ameris Bancorp (NASDAQ:ABCB) will post $132.17 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Ameris Bancorp’s earnings, with estimates ranging from $130.90 million to $133.10 million. Ameris Bancorp reported sales of $93.09 million in the same quarter last year, which indicates a positive year-over-year growth rate of 42%. The firm is expected to issue its next quarterly earnings report before the market opens on Friday, January 25th.
According to Zacks, analysts expect that Ameris Bancorp will report full year sales of $467.00 million for the current year, with estimates ranging from $465.70 million to $468.90 million. For the next fiscal year, analysts expect that the company will post sales of $772.70 million, with estimates ranging from $765.20 million to $780.20 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Ameris Bancorp.
Ameris Bancorp (NASDAQ:ABCB) last issued its quarterly earnings data on Friday, October 19th. The bank reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.01. Ameris Bancorp had a net margin of 17.99% and a return on equity of 11.14%. The firm had revenue of $129.21 million during the quarter, compared to the consensus estimate of $135.44 million.
Shares of ABCB traded up $0.29 during mid-day trading on Friday, hitting $35.10. 1,476 shares of the company’s stock were exchanged, compared to its average volume of 373,417. Ameris Bancorp has a 52 week low of $29.97 and a 52 week high of $59.05. The stock has a market capitalization of $1.64 billion, a PE ratio of 14.10 and a beta of 1.39. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.53.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 10th. Investors of record on Monday, December 31st were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, December 28th. This represents a $0.40 dividend on an annualized basis and a yield of 1.14%. Ameris Bancorp’s dividend payout ratio (DPR) is 16.13%.
A number of large investors have recently made changes to their positions in ABCB. BlackRock Inc. increased its stake in Ameris Bancorp by 14.6% in the second quarter. BlackRock Inc. now owns 5,583,722 shares of the bank’s stock valued at $297,890,000 after acquiring an additional 710,335 shares during the last quarter. NWQ Investment Management Company LLC increased its stake in Ameris Bancorp by 50.3% in the third quarter. NWQ Investment Management Company LLC now owns 1,403,449 shares of the bank’s stock valued at $60,840,000 after acquiring an additional 469,897 shares during the last quarter. Vanguard Group Inc increased its stake in Ameris Bancorp by 10.6% in the third quarter. Vanguard Group Inc now owns 4,275,269 shares of the bank’s stock valued at $195,381,000 after acquiring an additional 411,255 shares during the last quarter. Vanguard Group Inc. increased its stake in Ameris Bancorp by 10.6% in the third quarter. Vanguard Group Inc. now owns 4,275,269 shares of the bank’s stock valued at $195,381,000 after acquiring an additional 411,255 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in Ameris Bancorp in the third quarter valued at approximately $16,104,000. 84.41% of the stock is currently owned by institutional investors and hedge funds.
Ameris Bancorp Company Profile
Ameris Bancorp operates as the holding company for Ameris Bank that provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. The company operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, Small Business Administration Division, and Premium Finance Division.
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