About Ameris Bancorp (NASDAQ:ABCB)
Ameris Bancorp operates as the holding company for Ameris Bank that provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. The company operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, Small Business Administration Division, and Premium Finance Division. It offers commercial and retail checking accounts, regular interest-bearing savings accounts, money market accounts, individual retirement accounts, and certificates of deposit. The company also provides commercial real estate, residential real estate mortgage, agricultural, and commercial and industrial loans; consumer loans, including motor vehicle, home improvement, and home equity loans, as well as loans secured by savings accounts and small unsecured personal credit lines; and municipal and commercial insurance premium finance loans. It operates 97 domestic banking offices and 13 loan production offices. Ameris Bancorp was founded in 1971 and is headquartered in Moultrie, Georgia.
Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNASDAQ:ABCB
CUSIP03076K10
Phone229-890-1111
Debt
Debt-to-Equity Ratio0.42%
Current Ratio0.98%
Quick Ratio0.95%
Price-To-Earnings
Trailing P/E Ratio20.91
Forward P/E Ratio14.89
P/E GrowthN/A
Sales & Book Value
Annual Sales$398.80 million
Price / Sales5.06
Cash Flow$2.7040 per share
Price / Cash19.49
Book Value$21.61 per share
Price / Book2.44
Profitability
EPS (Most Recent Fiscal Year)$2.48
Net Income$73.54 million
Net Margins18.44%
Return on Equity11.73%
Return on Assets1.23%
Miscellaneous
Employees1,460
Outstanding Shares38,320,000
Ameris Bancorp (NASDAQ:ABCB) Frequently Asked Questions
What is Ameris Bancorp's stock symbol?
Ameris Bancorp trades on the NASDAQ under the ticker symbol "ABCB."
How often does Ameris Bancorp pay dividends? What is the dividend yield for Ameris Bancorp?
Ameris Bancorp announced a quarterly dividend on Thursday, March 22nd. Stockholders of record on Friday, March 30th will be given a dividend of $0.10 per share on Tuesday, April 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Wednesday, March 28th. View Ameris Bancorp's Dividend History.
How were Ameris Bancorp's earnings last quarter?
Ameris Bancorp (NASDAQ:ABCB) issued its quarterly earnings results on Friday, January, 26th. The bank reported $0.63 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.63. The bank had revenue of $89.90 million for the quarter, compared to the consensus estimate of $96.28 million. Ameris Bancorp had a net margin of 18.44% and a return on equity of 11.73%. The company's quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the business earned $0.63 EPS. View Ameris Bancorp's Earnings History.
When is Ameris Bancorp's next earnings date?
What price target have analysts set for ABCB?
5 brokers have issued 12-month target prices for Ameris Bancorp's shares. Their predictions range from $50.00 to $65.00. On average, they expect Ameris Bancorp's stock price to reach $55.20 in the next twelve months. View Analyst Ratings for Ameris Bancorp.
Who are some of Ameris Bancorp's key competitors?
Some companies that are related to Ameris Bancorp include Chemical Bank (CHFC), First Hawaiian Bank (FHB), Home Bancshares (HOMB), Associated Banc (ASB), United Bankshares (UBSI), Bank of Hawaii (BOH), Glacier Bancorp (GBCI), First Financial Bankshares (FFIN), Cathay General Bancorp (CATY), Columbia Banking System (COLB), South State Bank (SSB), BancorpSouth Bank (BXS), International Bancshares (IBOC), United Community Bank (UCBI), CVB Financial (CVBF), Union Bankshares (UBSH), Great Western Bancorp (GWB) and ServisFirst Bancshares (SFBS).
Who are Ameris Bancorp's key executives?
Ameris Bancorp's management team includes the folowing people:
- Mr. Edwin W. Hortman Jr., Exec. Chairman, Pres & CEO (Age 64)
- Mr. Dennis J. Zember Jr., Exec. VP & COO (Age 48)
- Mr. Joseph B. Kissel, Chief Information Officer, EVP, Chief Information Officer of Ameris Bank and EVP of Ameris Bank (Age 64)
- Mr. Stephen A. Melton J.D., Exec. VP & Gen. Counsel (Age 67)
- Mr. Andrew B. Cheney, Non-Employee Advisor (Age 68)
Has Ameris Bancorp been receiving favorable news coverage?
News coverage about ABCB stock has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ameris Bancorp earned a news impact score of 0.24 on Accern's scale. They also gave media headlines about the bank an impact score of 45.65 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
How do I buy shares of Ameris Bancorp?
Shares of ABCB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Ameris Bancorp's stock price today?
One share of ABCB stock can currently be purchased for approximately $52.70.
How big of a company is Ameris Bancorp?
Ameris Bancorp has a market capitalization of $1.99 billion and generates $398.80 million in revenue each year. The bank earns $73.54 million in net income (profit) each year or $2.48 on an earnings per share basis. Ameris Bancorp employs 1,460 workers across the globe.
How can I contact Ameris Bancorp?
Ameris Bancorp's mailing address is 310 FIRST ST. SE, MOULTRIE GA, 31776. The bank can be reached via phone at 229-890-1111 or via email at [email protected]
MarketBeat Community Rating for Ameris Bancorp (ABCB)
MarketBeat's community ratings are surveys of what our community members think about Ameris Bancorp and other stocks. Vote "Outperform" if you believe ABCB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ABCB will underperform the S&P 500 over the long term. You may vote once every thirty days.
Ameris Bancorp (NASDAQ:ABCB) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
5 Wall Street analysts have issued ratings and price targets for Ameris Bancorp in the last 12 months. Their average twelve-month price target is $55.20, suggesting that the stock has a possible upside of 4.74%. The high price target for ABCB is $65.00 and the low price target for ABCB is $50.00. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Hold |
| Consensus Rating Score: | 2.60 | 2.60 | 2.75 | 2.40 |
| Ratings Breakdown: | 0 Sell Rating(s)
2 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $55.20 | $55.20 | $52.25 | $51.50 |
| Price Target Upside: | 4.74% upside | 0.18% upside | 11.65% upside | 5.86% upside |
Ameris Bancorp (NASDAQ:ABCB) Consensus Price Target History
Ameris Bancorp (NASDAQ:ABCB) Analyst Ratings History
Show:
(Data available from 4/19/2016 forward)
Ameris Bancorp (NASDAQ:ABCB) Dividend Information
Ameris Bancorp pays an annual dividend of $0.40 per share, with a dividend yield of 0.76%. ABCB's most recent quarterly dividend payment was Tuesday, April 10. Ameris Bancorp pays out 16.13% of its earnings out as a dividend.
| Most Recent Dividend: | 4/10/2018 |
| Annual Dividend: | $0.40 |
| Dividend Yield: | 0.76% |
| Payout Ratio: | 16.13% (Trailing 12 Months of Earnings)
11.30% (Based on This Year's Estimates)
9.66% (Based on Next Year's Estimates)
|
Ameris Bancorp (NASDAQ:ABCB) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/22/2018 | quarterly | $0.10 | 0.74% | 3/28/2018 | 3/30/2018 | 4/10/2018 |
| 12/14/2017 | Quarterly | $0.10 | 0.81% | 12/28/2017 | 12/29/2017 | 1/10/2018 |
| 9/22/2017 | Quarterly | $0.10 | 0.89% | 9/28/2017 | 9/29/2017 | 10/10/2017 |
| 6/23/2017 | quarterly | $0.10 | 0.86% | 6/28/2017 | 6/30/2017 | 7/10/2017 |
| 3/27/2017 | quarterly | $0.10 | 0.9% | 3/29/2017 | 3/31/2017 | 4/10/2017 |
| 12/16/2016 | quarterly | $0.10 | 0.89% | 12/28/2016 | 12/30/2016 | 1/10/2017 |
| 9/9/2016 | quarterly | $0.10 | 1.12% | 9/28/2016 | 9/30/2016 | 10/11/2016 |
| 6/24/2016 | quarterly | $0.05 | 0.69% | 6/28/2016 | 6/30/2016 | 7/11/2016 |
| 3/24/2016 | quarterly | $0.05 | 0.69% | 3/29/2016 | 3/31/2016 | 4/11/2016 |
| 12/23/2015 | quarterly | $0.05 | 0.59% | 12/29/2015 | 12/31/2015 | 1/11/2016 |
| 9/15/2015 | quarterly | $0.05 | 0.72% | 9/28/2015 | 9/30/2015 | 10/9/2015 |
| 6/23/2015 | quarterly | $0.05 | 0.77% | 6/26/2015 | 6/30/2015 | 7/10/2015 |
| 3/24/2015 | quarterly | $0.05 | 0.76% | 3/27/2015 | 3/31/2015 | 4/10/2015 |
| 12/23/2014 | quarterly | $0.05 | 0.78% | 12/29/2014 | 12/31/2014 | 1/9/2015 |
| 9/24/2014 | quarterly | $0.05 | 0.9% | 9/26/2014 | 9/30/2014 | 10/10/2014 |
| 6/27/2014 | quarterly | $0.05 | 0.93% | 7/2/2014 | 7/7/2014 | 7/15/2014 |
(Data available from 1/1/2013 forward)
Ameris Bancorp (NASDAQ ABCB) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 3.07%
Institutional Ownership Percentage: 83.09%
Ameris Bancorp (NASDAQ ABCB) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/12/2018 | Edwin W Hortman Jr | Insider | Sell | 10,000 | $57.49 | $574,900.00 | |  |
| 3/7/2018 | Edwin W Hortman Jr | Insider | Sell | 20,336 | $56.41 | $1,147,153.76 | 246,961 | |
| 2/28/2018 | Edwin W Hortman Jr | CEO | Sell | 10,000 | $53.58 | $535,800.00 | 256,961 | |
| 2/14/2018 | Lawton E Bassett III | President | Sell | 823 | $53.15 | $43,742.45 | 19,408 | |
| 2/2/2018 | Dennis J Zember Jr | COO | Sell | 5,000 | $54.81 | $274,050.00 | 156,063 | |
| 12/13/2017 | James A Lahaise | Insider | Sell | 14,200 | $46.58 | $661,436.00 | 73,986 | |
| 9/7/2017 | Leo J Hill | Director | Buy | 1,000 | $42.75 | $42,750.00 | 16,629 | |
| 8/1/2017 | William I Jr. Bowen | Director | Buy | 300 | $46.09 | $13,827.00 | 10,515 | |
| 6/8/2017 | Cindi H Lewis | CAO | Sell | 3,200 | $46.00 | $147,200.00 | 70,578 | |
| 6/8/2017 | Edwin W Hortman Jr | CEO | Sell | 27,459 | $46.69 | $1,282,060.71 | 207,725 | |
| 5/31/2017 | Leo J Hill | Director | Buy | 500 | $43.00 | $21,500.00 | 16,419 | |
| 5/16/2017 | William I Jr. Bowen | Director | Buy | 300 | $44.07 | $13,221.00 | 10,265 | |
| 5/8/2017 | Elizabeth A Mccague | Director | Buy | 1,060 | $47.00 | $49,820.00 | 2,180 | |
| 5/4/2017 | Edwin W Hortman Jr | CEO | Sell | 14,578 | $47.37 | $690,559.86 | 234,664 | |
| 5/4/2017 | Jon S Edwards | EVP | Sell | 13,033 | $47.23 | $615,548.59 | 50,757 | |
| 5/4/2017 | Lawton E Bassett III | President | Sell | 5,204 | $47.23 | $245,784.92 | 32,214 | |
| 5/1/2017 | Dennis J Zember Jr | COO | Sell | 15,000 | $47.38 | $710,700.00 | 148,727 | |
| 6/8/2015 | Cindi H Lewis | CAO | Sell | 2,056 | $25.92 | $53,291.52 | | |
| 6/5/2015 | William I Jr. Bowen | Director | Buy | 2,100 | $25.56 | $53,676.00 | | |
| 5/6/2015 | Leo J Hill | Director | Buy | 1,000 | $24.50 | $24,500.00 | | |
| 5/4/2015 | Jon S Edwards | EVP | Sell | 4,500 | $24.72 | $111,240.00 | | |
| 10/29/2014 | James A Lahaise | EVP | Sell | 11,733 | $24.38 | $286,050.54 | | |
| 6/13/2014 | Robert Dale Ezzell | Director | Buy | 2,747 | $21.78 | $59,829.66 | | |
| 5/20/2014 | Leo Hill | Director | Buy | 3,056 | $19.74 | $60,325.44 | 8,056 | |
| 5/14/2014 | Cindi Lewis | CAO | Sell | 2,467 | $20.41 | $50,351.47 | 54,945 | |
| 4/29/2014 | Jon Edwards | EVP | Sell | 1,850 | $21.98 | $40,663.00 | 50,437 | |
| 4/25/2014 | Jimmy Veal | Director | Buy | 3,180 | $22.39 | $71,200.20 | 73,017 | |
| 2/21/2014 | William Stern | Director | Buy | 3,000 | $20.28 | $60,840.00 | 3,698 | |
| 2/3/2014 | Jimmy Veal | Director | Buy | 2,600 | $20.41 | $53,066.00 | 71,337 | |
| 11/5/2013 | Brooks Sheldon | Director | Buy | 4,000 | $18.16 | $72,640.00 | | |
| 10/23/2013 | Leo J Hill | Director | Buy | 1,500 | $17.93 | $26,895.00 | | |
| 6/7/2013 | Jon S Edwards | EVP | Sell | 3,701 | $16.42 | $60,770.42 | | |
| 3/14/2013 | Leo J Hill | Director | Buy | 1,438 | $14.20 | $20,419.60 | | |
(Data available from 1/1/2013 forward)
Ameris Bancorp (NASDAQ ABCB) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | $0.78 EPS Expected for Ameris Bancorp (ABCB) This Quarter
www.americanbankingnews.com - April 18 at 7:08 PM |
| Ameris Bancorp (ABCB) Stock Rating Lowered by BidaskClub
www.americanbankingnews.com - April 18 at 6:54 PM |
| Ameris Bancorp (ABCB) Cut to "Hold" at ValuEngine
www.americanbankingnews.com - April 18 at 1:56 PM |
| Ameris Bancorp (ABCB) Lowered to "Hold" at BidaskClub
www.americanbankingnews.com - April 18 at 10:07 AM |
| Ameris Bancorp (ABCB) Cut to "Strong Sell" at BidaskClub
www.americanbankingnews.com - April 15 at 2:21 PM |
| Ameris Bancorp (ABCB) Set to Announce Quarterly Earnings on Friday
www.americanbankingnews.com - April 13 at 1:11 AM |
| Ameris Bancorp (ABCB) Given Consensus Rating of "Buy" by Analysts
www.americanbankingnews.com - April 8 at 7:50 AM |
 | Ameris Bancorp Announces Date Of First Quarter 2018 Earnings Release And Conference Call
finance.yahoo.com - April 6 at 4:58 PM |
| Zacks Investment Research Upgrades Ameris Bancorp (ABCB) to "Hold"
www.americanbankingnews.com - April 3 at 4:48 PM |
| $100.49 Million in Sales Expected for Ameris Bancorp (ABCB) This Quarter
www.americanbankingnews.com - April 3 at 2:29 AM |
| Zacks: Brokerages Anticipate Ameris Bancorp (ABCB) Will Post Earnings of $0.78 Per Share
www.americanbankingnews.com - April 1 at 7:14 PM |
| ValuEngine Downgrades Ameris Bancorp (ABCB) to Hold
www.americanbankingnews.com - March 31 at 4:56 PM |
| Ameris Bancorp (ABCB) Upgraded to Buy at Zacks Investment Research
www.americanbankingnews.com - March 31 at 12:07 PM |
| Zacks Investment Research Upgrades Ameris Bancorp (ABCB) to Buy
www.americanbankingnews.com - March 29 at 9:36 PM |
| Ameris Bancorp (ABCB) Downgraded by BidaskClub to Buy
www.americanbankingnews.com - March 27 at 5:10 PM |
| Ameris Bancorp (ABCB) Upgraded at BidaskClub
www.americanbankingnews.com - March 26 at 10:06 AM |
| Ameris Bancorp Plans Quarterly Dividend of $0.10 (ABCB)
www.americanbankingnews.com - March 22 at 6:08 PM |
| Brokerages Expect Ameris Bancorp (ABCB) Will Announce Quarterly Sales of $100.49 Million
www.americanbankingnews.com - March 17 at 3:40 AM |
| Ameris Bancorp (ABCB) Receives Average Recommendation of "Buy" from Analysts
www.americanbankingnews.com - March 14 at 7:41 AM |
| Ameris Bancorp (ABCB) Insider Edwin W. Hortman, Jr. Sells 10,000 Shares
www.americanbankingnews.com - March 13 at 7:32 PM |
| Ameris Bancorp (ABCB) Downgraded to Sell at Zacks Investment Research
www.americanbankingnews.com - March 12 at 4:30 PM |
| Ameris Bancorp (ABCB) Stock Rating Upgraded by BidaskClub
www.americanbankingnews.com - March 10 at 7:42 PM |
| Ameris Bancorp (ABCB) Insider Sells $1,147,153.76 in Stock
www.americanbankingnews.com - March 8 at 12:12 PM |
| Ameris Bancorp (ABCB) Raised to "Buy" at ValuEngine
www.americanbankingnews.com - March 6 at 12:54 AM |
| Arizona State Retirement System Acquires 43,276 Shares of Ameris Bancorp (ABCB)
www.americanbankingnews.com - March 5 at 4:34 AM |
| Citadel Advisors LLC Takes Position in Ameris Bancorp (ABCB)
www.americanbankingnews.com - March 4 at 5:18 AM |
| Ameris Bancorp (ABCB) Files 10-K for the Fiscal Year Ended on December 31, 2017
finance.yahoo.com - March 3 at 9:03 AM |
| Next Century Growth Investors LLC Has $13.94 Million Stake in Ameris Bancorp (ABCB)
www.americanbankingnews.com - March 2 at 5:58 PM |
| Ameris Bancorp (ABCB) is Kennedy Capital Management Inc.'s 7th Largest Position
www.americanbankingnews.com - March 2 at 5:24 PM |
| Ameris Bancorp (ABCB) CEO Edwin W. Hortman, Jr. Sells 10,000 Shares
www.americanbankingnews.com - March 2 at 12:14 PM |
| Eaton Vance Management Has $8.79 Million Position in Ameris Bancorp (ABCB)
www.americanbankingnews.com - March 1 at 9:28 AM |
| Analysts Expect Ameris Bancorp (ABCB) Will Announce Quarterly Sales of $100.49 Million
www.americanbankingnews.com - February 28 at 3:50 AM |
| Ameris Bancorp (ABCB) Lowered to Hold at Zacks Investment Research
www.americanbankingnews.com - February 27 at 5:10 PM |
| Ameris Bancorp (ABCB) Given Average Rating of "Buy" by Analysts
www.americanbankingnews.com - February 17 at 8:46 AM |
| Lawton E. Bassett III Sells 823 Shares of Ameris Bancorp (ABCB) Stock
www.americanbankingnews.com - February 15 at 12:26 PM |
| Brokerages Anticipate Ameris Bancorp (ABCB) Will Post Quarterly Sales of $100.49 Million
www.americanbankingnews.com - February 12 at 8:32 AM |
| Dennis J. Zember, Jr. Sells 5,000 Shares of Ameris Bancorp (ABCB) Stock
www.americanbankingnews.com - February 2 at 3:14 PM |
| SunTrust Banks Comments on Ameris Bancorp's Q1 2018 Earnings (ABCB)
www.americanbankingnews.com - February 2 at 9:24 AM |
| Q3 2018 EPS Estimates for Ameris Bancorp (ABCB) Lowered by Analyst
www.americanbankingnews.com - February 1 at 11:30 AM |
| SunTrust Banks Analysts Raise Earnings Estimates for Ameris Bancorp (ABCB)
www.americanbankingnews.com - January 30 at 7:42 AM |
| Ameris Bancorp's (ABCB) "Hold" Rating Reiterated at Sandler O'Neill
www.americanbankingnews.com - January 30 at 12:18 AM |
 | Ameris Bancorp (ABCB) Q4 2017 Earnings Conference Call Transcript
www.fool.com - January 29 at 3:27 PM |
| Ameris Bancorp (ABCB) Price Target Increased to $65.00 by Analysts at SunTrust Banks
www.americanbankingnews.com - January 29 at 9:06 AM |
| Ameris Bancorp to Acquire the Remainder of US Premium Finance
finance.yahoo.com - January 28 at 4:25 PM |
| [$$] Ameris to Buy PE-Backed Hamilton State Bancshares in $405.7 Million Deal
finance.yahoo.com - January 26 at 4:13 PM |
| Ameris Bancorp (ABCB) Posts Earnings Results
www.americanbankingnews.com - January 26 at 9:32 AM |
 | Ameris Bancorp (ABCB) to Acquire Remainder of US Premium Finance
www.streetinsider.com - January 26 at 9:30 AM |
 | Ameris Bancorp Announces 2017 Financial Results
www.prnewswire.com - January 26 at 7:45 AM |
| Ameris Bancorp Signs Definitive Merger Agreement to Acquire Hamilton State Bancshares, Inc.
www.prnewswire.com - January 26 at 7:45 AM |
| $0.63 Earnings Per Share Expected for Ameris Bancorp (ABCB) This Quarter
www.americanbankingnews.com - January 24 at 1:20 AM |
Ameris Bancorp (NASDAQ:ABCB) SEC Filings
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Ameris Bancorp (NASDAQ:ABCB) Income Statement, Balance Sheet and Cash Flow Statement
Ameris Bancorp (NASDAQ ABCB) Stock Chart for Thursday, April, 19, 2018
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