DA Davidson Weighs in on Ameris Bancorp Q2 Earnings

Ameris Bancorp (NASDAQ:ABCB - Free Report) - Analysts at DA Davidson issued their Q2 2025 earnings per share (EPS) estimates for Ameris Bancorp in a note issued to investors on Thursday, May 1st. DA Davidson analyst M. Navas expects that the bank will post earnings per share of $1.31 for the quarter. The consensus estimate for Ameris Bancorp's current full-year earnings is $4.99 per share. DA Davidson also issued estimates for Ameris Bancorp's FY2025 earnings at $5.45 EPS and FY2026 earnings at $5.95 EPS.

ABCB has been the subject of a number of other reports. Stephens restated an "equal weight" rating and issued a $63.00 price target on shares of Ameris Bancorp in a research report on Tuesday, April 29th. Piper Sandler Companies upped their price target on shares of Ameris Bancorp to $74.00 and gave the company a "buy" rating in a report on Monday, April 7th. Raymond James cut their target price on Ameris Bancorp from $71.00 to $65.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Finally, Piper Sandler initiated coverage on Ameris Bancorp in a report on Friday, April 4th. They set an "overweight" rating and a $74.00 price objective for the company. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $71.43.

Ameris Bancorp Trading Up 0.1 %

ABCB traded up $0.08 on Friday, hitting $59.73. The company had a trading volume of 60,765 shares, compared to its average volume of 395,770. The business's fifty day simple moving average is $56.49 and its 200 day simple moving average is $62.42. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.11. Ameris Bancorp has a 12-month low of $45.89 and a 12-month high of $74.56. The company has a market cap of $4.12 billion, a PE ratio of 11.46 and a beta of 0.91.

Ameris Bancorp (NASDAQ:ABCB - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The bank reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.16. Ameris Bancorp had a net margin of 21.46% and a return on equity of 9.57%. The company had revenue of $285.86 million for the quarter, compared to the consensus estimate of $276.06 million. During the same quarter in the prior year, the firm earned $1.10 earnings per share. Ameris Bancorp's revenue was up 7.0% on a year-over-year basis.

Hedge Funds Weigh In On Ameris Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in ABCB. Barclays PLC raised its stake in shares of Ameris Bancorp by 107.7% during the 3rd quarter. Barclays PLC now owns 140,001 shares of the bank's stock worth $8,735,000 after acquiring an additional 72,599 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Ameris Bancorp by 4.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,263,487 shares of the bank's stock valued at $78,829,000 after purchasing an additional 55,473 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Ameris Bancorp by 9.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 728,253 shares of the bank's stock worth $45,436,000 after purchasing an additional 60,448 shares in the last quarter. GAMMA Investing LLC grew its stake in Ameris Bancorp by 17.9% during the 4th quarter. GAMMA Investing LLC now owns 1,332 shares of the bank's stock worth $83,000 after buying an additional 202 shares during the last quarter. Finally, Moody National Bank Trust Division increased its position in Ameris Bancorp by 9.3% during the 4th quarter. Moody National Bank Trust Division now owns 14,611 shares of the bank's stock valued at $914,000 after buying an additional 1,248 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company's stock.

Insider Buying and Selling at Ameris Bancorp

In related news, insider Douglas D. Strange purchased 1,000 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of $56.95 per share, for a total transaction of $56,950.00. Following the acquisition, the insider now owns 19,403 shares of the company's stock, valued at $1,105,000.85. The trade was a 5.43 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.50% of the company's stock.

Ameris Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 7th. Investors of record on Monday, March 31st were issued a $0.20 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 1.34%. Ameris Bancorp's payout ratio is currently 14.81%.

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.