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NASDAQ:ABCBAmeris Bancorp Stock Price, Forecast & News

$24.23
-0.55 (-2.22 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$23.46
Now: $24.23
$24.85
50-Day Range
$18.52
MA: $22.85
$26.73
52-Week Range
$17.12
Now: $24.23
$44.90
Volume720,254 shs
Average Volume447,594 shs
Market Capitalization$1.68 billion
P/E Ratio10.58
Dividend Yield2.48%
Beta1.52
Ameris Bancorp operates as the bank 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, SBA Division, and Premium Finance Division. It offers commercial and retail checking, regular interest-bearing savings, money market, individual retirement, and certificates of deposit accounts. 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 125 domestic banking offices and 16 loan production offices. Ameris Bancorp was founded in 1971 and is headquartered in Moultrie, Georgia.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.6Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.19 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:ABCB
CUSIP03076K10
Phone404-639-6500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$834.51 million
Cash Flow$3.54 per share
Book Value$35.10 per share

Profitability

Net Income$161.44 million

Miscellaneous

Employees2,722
Market Cap$1.68 billion
Next Earnings Date7/24/2020 (Estimated)
OptionableOptionable

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Ameris Bancorp (NASDAQ:ABCB) Frequently Asked Questions

How has Ameris Bancorp's stock been impacted by COVID-19 (Coronavirus)?

Ameris Bancorp's stock was trading at $25.74 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ABCB stock has decreased by 5.9% and is now trading at $24.23. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Ameris Bancorp?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ameris Bancorp in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Ameris Bancorp.

When is Ameris Bancorp's next earnings date?

Ameris Bancorp is scheduled to release its next quarterly earnings announcement on Friday, July 24th 2020. View our earnings forecast for Ameris Bancorp.

How were Ameris Bancorp's earnings last quarter?

Ameris Bancorp (NASDAQ:ABCB) issued its quarterly earnings data on Thursday, April, 23rd. The bank reported $0.56 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.76 by $0.20. The bank had revenue of $202.32 million for the quarter, compared to analyst estimates of $205.45 million. Ameris Bancorp had a return on equity of 9.91% and a net margin of 15.38%. During the same period in the prior year, the business posted $0.90 EPS. View Ameris Bancorp's earnings history.

How often does Ameris Bancorp pay dividends? What is the dividend yield for Ameris Bancorp?

Ameris Bancorp announced a quarterly dividend on Monday, March 23rd. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.15 per share on Friday, April 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Monday, March 30th. View Ameris Bancorp's dividend history.

What price target have analysts set for ABCB?

5 brokers have issued 1-year target prices for Ameris Bancorp's stock. Their forecasts range from $25.00 to $53.00. On average, they expect Ameris Bancorp's share price to reach $36.60 in the next twelve months. This suggests a possible upside of 51.1% from the stock's current price. View analysts' price targets for Ameris Bancorp.

Has Ameris Bancorp been receiving favorable news coverage?

News headlines about ABCB stock have been trending somewhat positive on Sunday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Ameris Bancorp earned a coverage optimism score of 2.0 on InfoTrie's scale. They also gave media coverage about the bank a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutAmeris Bancorp.

Are investors shorting Ameris Bancorp?

Ameris Bancorp saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,850,000 shares, a drop of 8.9% from the April 30th total of 2,030,000 shares. Based on an average trading volume of 507,700 shares, the days-to-cover ratio is presently 3.6 days. Currently, 2.8% of the shares of the company are sold short. View Ameris Bancorp's Current Options Chain.

Who are some of Ameris Bancorp's key competitors?

What other stocks do shareholders of Ameris Bancorp own?

Who are Ameris Bancorp's key executives?

Ameris Bancorp's management team includes the following people:
  • Mr. Dennis J. Zember Jr., Pres, CEO & Director (Age 49)
  • Ms. Nicole S. Stokes, Exec. VP & CFO (Age 45)
  • Mr. James Allan LaHaise III, Exec. VP & Chief Strategy Officer (Age 58)
  • Mr. Lawton E. Bassett III, Exec. VP & Banking Group Pres (Age 50)
  • Ms. Cindi H. Lewis, Exec. VP, Chief Admin. Officer & Corp. Sec. (Age 65)

What is Ameris Bancorp's stock symbol?

Ameris Bancorp trades on the NASDAQ under the ticker symbol "ABCB."

Who are Ameris Bancorp's major shareholders?

Ameris Bancorp's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.71%), State Street Corp (3.67%), Wellington Management Group LLP (3.41%), Jennison Associates LLC (2.31%), Polaris Capital Management LLC (1.61%) and The Manufacturers Life Insurance Company (1.46%). Company insiders that own Ameris Bancorp stock include Elizabeth A Mccague, H Palmer Proctor Jr, James A Lahaise, Leo J Hill, Michael T Pierson, Robert P Lynch, Ross L Creasy and William I Jr Bowen. View institutional ownership trends for Ameris Bancorp.

Which institutional investors are selling Ameris Bancorp stock?

ABCB stock was sold by a variety of institutional investors in the last quarter, including RMB Capital Management LLC, BlackRock Inc., Mendon Capital Advisors Corp, Rice Hall James & Associates LLC, NWQ Investment Management Company LLC, Morgan Stanley, Morgan Stanley, and Wellington Management Group LLP. View insider buying and selling activity for Ameris Bancorp.

Which institutional investors are buying Ameris Bancorp stock?

ABCB stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Philadelphia Financial Management of San Francisco LLC, Invesco Ltd., Jennison Associates LLC, BHZ Capital Management LP, State Street Corp, and Penn Capital Management Co. Inc.. Company insiders that have bought Ameris Bancorp stock in the last two years include Elizabeth A Mccague, H Palmer Proctor Jr, Leo J Hill, Michael T Pierson, Robert P Lynch, Ross L Creasy, and William I Jr Bowen. View insider buying and selling activity for Ameris Bancorp.

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, Robinhood, Fidelity, and Charles Schwab.

What is Ameris Bancorp's stock price today?

One share of ABCB stock can currently be purchased for approximately $24.23.

How big of a company is Ameris Bancorp?

Ameris Bancorp has a market capitalization of $1.68 billion and generates $834.51 million in revenue each year. The bank earns $161.44 million in net income (profit) each year or $3.80 on an earnings per share basis. Ameris Bancorp employs 2,722 workers across the globe.

What is Ameris Bancorp's official website?

The official website for Ameris Bancorp is www.amerisbank.com.

How can I contact Ameris Bancorp?

Ameris Bancorp's mailing address is 3490 PIEDMONT RD SUITE 1550, ATLANTA GA, 30305. The bank can be reached via phone at 404-639-6500 or via email at [email protected]

This page was last updated on 5/31/2020 by MarketBeat.com Staff

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