Ameris Bancorp (NASDAQ:ABCB) Announces Quarterly Dividend of $0.15

Ameris Bancorp (NASDAQ:ABCB) announced a quarterly dividend on Thursday, September 19th, NASDAQ reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.15 per share by the bank on Monday, October 7th. This represents a $0.60 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Monday, September 30th.

Ameris Bancorp Stock Performance

Shares of NASDAQ ABCB traded down $1.14 during trading hours on Friday, reaching $64.00. The stock had a trading volume of 1,307,197 shares, compared to its average volume of 363,630. The company has a market cap of $4.42 billion, a price-to-earnings ratio of 15.66 and a beta of 1.02. Ameris Bancorp has a twelve month low of $34.26 and a twelve month high of $65.40. The business’s fifty day moving average is $59.30 and its two-hundred day moving average is $51.91. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.05 and a quick ratio of 1.03.

Ameris Bancorp (NASDAQ:ABCB) last announced 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 company had revenue of $436.03 million during the quarter, compared to analysts’ expectations of $273.67 million. During the same quarter in the prior year, the company posted $0.91 EPS. As a group, research analysts expect that Ameris Bancorp will post 4.82 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on ABCB. Truist Financial raised their price target on shares of Ameris Bancorp from $69.00 to $73.00 and gave the stock a “buy” rating in a research note on Friday. Stephens boosted their price target on Ameris Bancorp from $52.00 to $64.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods upped their price target on Ameris Bancorp from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Finally, DA Davidson lifted their price objective on Ameris Bancorp from $61.00 to $76.00 and gave the company a “buy” rating in a report on Monday, July 29th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.00.

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.