Ameris Bancorp (NASDAQ:ABCB – Get Free Report) has been given a consensus rating of “Moderate Buy” by the five research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $63.20.
ABCB has been the topic of several recent analyst reports. Stephens lifted their price target on shares of Ameris Bancorp from $52.00 to $64.00 and gave the company an “equal weight” rating in a report on Monday. Keefe, Bruyette & Woods lifted 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. Truist Financial decreased their price target on shares of Ameris Bancorp from $60.00 to $54.00 and set a “buy” rating for the company in a research note on Monday, April 1st. Piper Sandler lifted their price objective on Ameris Bancorp from $55.00 to $57.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. Finally, DA Davidson raised their target price on Ameris Bancorp from $61.00 to $76.00 and gave the company a “buy” rating in a research note on Monday.
Check Out Our Latest Research Report on Ameris Bancorp
Hedge Funds Weigh In On Ameris Bancorp
Ameris Bancorp Trading Down 0.8 %
Shares of Ameris Bancorp stock traded down $0.51 on Monday, hitting $61.20. The stock had a trading volume of 73,260 shares, compared to its average volume of 363,978. The stock’s 50-day simple moving average is $50.98 and its two-hundred day simple moving average is $49.05. Ameris Bancorp has a one year low of $34.26 and a one year high of $64.88. 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 stock has a market cap of $4.23 billion, a price-to-earnings ratio of 14.89 and a beta of 1.04.
Ameris Bancorp (NASDAQ:ABCB – Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The bank reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $273.67 million. During the same quarter in the previous year, the company earned $0.91 earnings per share. As a group, sell-side analysts predict that Ameris Bancorp will post 4.58 EPS for the current year.
Ameris Bancorp Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, July 8th. Shareholders of record on Sunday, June 30th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.98%. The ex-dividend date was Friday, June 28th. Ameris Bancorp’s dividend payout ratio is currently 14.60%.
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.
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