Ameris Bancorp (ABCB) Expected to Announce Quarterly Earnings on Monday

Ameris Bancorp (NASDAQ:ABCB - Get Free Report) is expected to release its earnings data after the market closes on Monday, April 28th. Analysts expect Ameris Bancorp to post earnings of $1.12 per share and revenue of $276.06 million for the quarter.

Ameris Bancorp Stock Down 1.1 %

Shares of NASDAQ:ABCB traded down $0.62 during midday trading on Friday, hitting $56.18. 35,843 shares of the stock were exchanged, compared to its average volume of 388,656. The company has a market capitalization of $3.88 billion, a PE ratio of 10.79 and a beta of 0.87. Ameris Bancorp has a 52-week low of $45.89 and a 52-week high of $74.56. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.00 and a current ratio of 1.02. The business's fifty day simple moving average is $57.36 and its two-hundred day simple moving average is $62.68.

Ameris Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 7th. Stockholders of record on Monday, March 31st were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Monday, March 31st. Ameris Bancorp's dividend payout ratio (DPR) is presently 15.36%.

Analysts Set New Price Targets

Several brokerages recently commented on ABCB. Piper Sandler Companies boosted their price target on Ameris Bancorp to $74.00 and gave the company a "buy" rating in a research note on Monday, April 7th. Raymond James reaffirmed an "outperform" rating and issued a $71.00 price objective (up previously from $67.00) on shares of Ameris Bancorp in a research note on Monday, February 3rd. Stephens reiterated an "equal weight" rating and issued a $71.00 price objective on shares of Ameris Bancorp in a report on Friday, January 31st. Finally, Piper Sandler began coverage on Ameris Bancorp in a research report on Friday, April 4th. They issued an "overweight" rating and a $74.00 price target for the company. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $73.43.

Insider Activity

In related news, insider Douglas D. Strange bought 1,000 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost of $56.95 per share, for a total transaction of $56,950.00. Following the purchase, the insider now directly owns 19,403 shares in the company, valued at $1,105,000.85. This trade represents a 5.43 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.50% of the stock is owned by company insiders.

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.