Ameris Bancorp (ABCB) Scheduled to Post Earnings on Thursday

Ameris Bancorp (NASDAQ:ABCB) is set to announce its earnings results after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $1.26 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Ameris Bancorp (NASDAQ:ABCB) last released its quarterly earnings data on Thursday, July 25th. The bank reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.03. The business had revenue of $436.03 million for the quarter, compared to the consensus estimate of $273.67 million. Ameris Bancorp had a return on equity of 8.97% and a net margin of 19.28%. During the same quarter in the previous year, the company posted $0.91 EPS. On average, analysts expect Ameris Bancorp to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Ameris Bancorp Stock Up 0.8 %

NASDAQ ABCB opened at $62.89 on Wednesday. The stock has a 50 day moving average price of $61.10 and a 200-day moving average price of $54.37. Ameris Bancorp has a one year low of $34.26 and a one year high of $66.51. The company has a market capitalization of $4.35 billion, a P/E ratio of 15.30 and a beta of 1.01. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.03 and a current ratio of 1.05.

Ameris Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 30th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.60 annualized dividend and a yield of 0.95%. Ameris Bancorp’s dividend payout ratio (DPR) is currently 14.60%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Stephens upped their target price on shares of Ameris Bancorp from $52.00 to $64.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Truist Financial upped their price objective on Ameris Bancorp from $69.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Keefe, Bruyette & Woods lifted their target price on Ameris Bancorp from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Finally, DA Davidson boosted their target price on Ameris Bancorp from $61.00 to $76.00 and gave the company a “buy” rating in a research 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’s stock. According to data from MarketBeat.com, the company 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.