Ameris Bancorp (NASDAQ:ABCB) to Issue $0.15 Quarterly Dividend

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

Ameris Bancorp Price Performance

Shares of NASDAQ:ABCB traded down $1.14 on Friday, hitting $64.00. The company’s stock had a trading volume of 1,307,197 shares, compared to its average volume of 363,630. The company has a market capitalization of $4.42 billion, a PE ratio of 15.66 and a beta of 1.02. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.05 and a quick ratio of 1.03. The company has a 50-day simple moving average of $59.30 and a 200 day simple moving average of $51.91. Ameris Bancorp has a 1 year low of $34.26 and a 1 year high of $65.40.

Ameris Bancorp (NASDAQ:ABCB) last announced its earnings results on Thursday, July 25th. The bank reported $1.17 earnings per share 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 business had revenue of $436.03 million for the quarter, compared to the consensus estimate of $273.67 million. During the same period last year, the firm posted $0.91 earnings per share. Sell-side analysts forecast that Ameris Bancorp will post 4.82 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on ABCB. DA Davidson upped their target price on shares of Ameris Bancorp from $61.00 to $76.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Truist Financial increased 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. Keefe, Bruyette & Woods boosted their target price on Ameris Bancorp from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, Stephens upped their target price on Ameris Bancorp from $52.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $67.00.

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.