Ameris Bancorp (NYSE:ABCB) Plans $0.20 Quarterly Dividend

Ameris Bancorp (NYSE:ABCB) announced a quarterly dividend on Monday, September 14th. Shareholders of record on Wednesday, September 30th will be paid a dividend of 0.20 per share by the bank on Monday, October 5th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, September 30th.

Ameris Bancorp has increased its dividend by an average of 0.1%annually over the last three years.

Ameris Bancorp Stock Performance

Shares of Ameris Bancorp stock opened at $84.75 on Wednesday. The business has a 50-day moving average price of $87.58 and a two-hundred day moving average price of $84.70. Ameris Bancorp has a 1-year low of $68.80 and a 1-year high of $93.22. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.34. The company has a market cap of $5.69 billion, a P/E ratio of 15.33 and a beta of 0.91.

Ameris Bancorp (NYSE:ABCB) last announced its quarterly earnings data on Thursday, July 23rd. The bank reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.06). Ameris Bancorp had a net margin of 21.98% and a return on equity of 10.62%. The business had revenue of $317.78 million during the quarter, compared to analyst estimates of $323.78 million. During the same period in the prior year, the firm earned $1.59 earnings per share. As a group, analysts anticipate that Ameris Bancorp will post 6.58 EPS for the current year.

Ameris Bancorp Company Profile

Ameris Bancorp is the bank holding company for Ameris Bank, a full-service community bank headquartered in Atlanta, Georgia. Through its banking subsidiary, the company provides financial products and services to individuals, families, businesses and institutions.

Ameris Bank offers deposit accounts, commercial and consumer loans, residential mortgages, home equity financing, treasury management and payment services. The bank also provides wealth management, investment and insurance-related services, along with digital and mobile banking capabilities.

Founded in 1971, Ameris Bank serves communities primarily across the southeastern United States, including Georgia, Alabama, Florida, South Carolina and North Carolina.