Ameris Bancorp (ABCB) to Release Quarterly Earnings on Thursday

Key Points

• Ameris Bancorp will report quarterly results after the market closes on April 23, with analysts expecting earnings of $1.54 per share and revenue of about $309.6 million for the quarter.
• The company pays a quarterly dividend of $0.20 per share, equal to a $0.80 annualized payout and a 1.0% yield, with a dividend payout ratio of 13.33%.
• Several firms have raised price targets and the consensus rating is a “Moderate Buy” with an average target of $86.50; the stock trades at a P/E of 15.87 and a market cap of roughly $5.64 billion.

Ameris Bancorp (NASDAQ:ABCB - Get Free Report) is projected to announce its results after the market closes on Thursday, April 23rd. Analysts expect the company to announce earnings of $1.54 per share and revenue of $309.5760 million for the quarter.

Ameris Bancorp (NASDAQ:ABCB - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The bank reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.03. The firm had revenue of $309.92 million for the quarter, compared to analysts' expectations of $310.48 million. Ameris Bancorp had a return on equity of 9.57% and a net margin of 21.46%.During the same quarter last year, the business earned $1.38 EPS. On average, analysts expect Ameris Bancorp to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Ameris Bancorp Stock Down 0.2%

ABCB stock opened at $82.68 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.02 and a quick ratio of 1.00. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 15.87 and a beta of 0.93. The business's fifty day moving average price is $79.69 and its two-hundred day moving average price is $77.17. Ameris Bancorp has a fifty-two week low of $52.03 and a fifty-two week high of $87.98.

Ameris Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.80 annualized dividend and a yield of 1.0%. Ameris Bancorp's dividend payout ratio (DPR) is presently 13.33%.

Analysts Set New Price Targets

Several research analysts have weighed in on ABCB shares. Stephens increased their price objective on Ameris Bancorp from $79.00 to $87.00 and gave the stock an "equal weight" rating in a research report on Monday, February 2nd. Truist Financial increased their price objective on Ameris Bancorp from $83.00 to $86.00 and gave the stock a "hold" rating in a research report on Monday, February 2nd. DA Davidson set a $94.00 price objective on Ameris Bancorp in a research report on Monday, February 2nd. Finally, Keefe, Bruyette & Woods increased their price objective on Ameris Bancorp from $82.00 to $88.00 and gave the stock an "outperform" rating in a research report on Monday, February 2nd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $86.50.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ABCB. Measured Wealth Private Client Group LLC acquired a new stake in Ameris Bancorp in the third quarter valued at about $45,000. Danske Bank A S acquired a new stake in Ameris Bancorp in the third quarter valued at about $51,000. EverSource Wealth Advisors LLC boosted its stake in Ameris Bancorp by 432.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,716 shares of the bank's stock valued at $111,000 after buying an additional 1,394 shares in the last quarter. Focus Partners Wealth acquired a new stake in Ameris Bancorp in the third quarter valued at about $177,000. Finally, Fiduciary Group LLC acquired a new stake in Ameris Bancorp in the fourth quarter valued at about $201,000. Institutional investors own 91.60% of the company's stock.

About Ameris Bancorp

Ameris Bancorp is a bank holding company headquartered in Atlanta, Georgia. Through its principal subsidiary, Ameris Bank, the company offers a broad range of commercial and retail banking services to individuals, small businesses, middle market companies and agricultural customers. Its core business lines encompass deposit services, lending solutions, treasury management, mortgage origination and servicing, insurance products and wealth management.

Ameris Bancorp operates a network of branches and loan production offices across the southeastern United States, including Georgia, Alabama, Florida, North Carolina, South Carolina and Tennessee.

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