Ameris Bancorp (NASDAQ:ABCB) Announces $0.20 Quarterly Dividend

Key Points

• Ameris Bancorp has declared a quarterly dividend of $0.20 per share, payable on October 6th to stockholders of record by September 30th.
• The company's stock is currently trading at $74.02, with a 52-week high of $75.46 and a market capitalization of $5.08 billion.
• Analysts rate Ameris Bancorp as a "Moderate Buy" with a consensus price target of $72.14, indicating positive growth expectations for the stock.

Ameris Bancorp (NASDAQ:ABCB - Get Free Report) announced a quarterly dividend on Monday, September 15th, RTT News reports. Stockholders of record on Tuesday, September 30th will be given a dividend of 0.20 per share by the bank on Monday, October 6th. This represents a c) annualized dividend and a dividend yield of 1.1%.

Ameris Bancorp Stock Performance

Shares of Ameris Bancorp stock traded down $0.36 on Monday, hitting $74.02. The stock had a trading volume of 469,302 shares, compared to its average volume of 423,063. Ameris Bancorp has a 52-week low of $48.27 and a 52-week high of $75.46. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.11. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 14.21 and a beta of 0.97. The company's 50 day moving average price is $69.76 and its 200 day moving average price is $62.96.

Wall Street Analysts Forecast Growth

Separately, DA Davidson set a $81.00 price objective on Ameris Bancorp and gave the company a "buy" rating in a research note on Wednesday, July 30th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Ameris Bancorp currently has a consensus rating of "Moderate Buy" and a consensus price target of $72.14.

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.

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