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

Ameris Bancorp (NASDAQ:ABCB) announced a quarterly dividend on Monday, December 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of 0.20 per share by the bank on Monday, January 5th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Wednesday, December 31st.

Ameris Bancorp has raised its dividend payment by an average of 0.1%per year over the last three years.

Ameris Bancorp Stock Up 0.6%

ABCB stock opened at $78.46 on Tuesday. The stock has a 50-day simple moving average of $74.03 and a two-hundred day simple moving average of $70.48. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.11. Ameris Bancorp has a twelve month low of $48.27 and a twelve month high of $78.99. The firm has a market capitalization of $5.36 billion, a PE ratio of 15.06 and a beta of 1.00.

Wall Street Analyst Weigh In

ABCB has been the topic of a number of research analyst reports. Raymond James Financial restated an “outperform” rating and issued a $80.00 target price (up from $73.00) on shares of Ameris Bancorp in a research note on Wednesday, October 29th. Piper Sandler set a $84.00 price objective on shares of Ameris Bancorp in a research report on Wednesday, October 29th. Truist Financial initiated coverage on shares of Ameris Bancorp in a research report on Tuesday, November 25th. They set a “hold” rating and a $80.00 target price for the company. DA Davidson started coverage on shares of Ameris Bancorp in a report on Tuesday, November 25th. They issued a “buy” rating and a $87.00 price target on the stock. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Ameris Bancorp from $78.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Ameris Bancorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.57.

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.