Ameris Bancorp operates as the bank holding company for Ameris Bank that provides range of banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, North Carolina, 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. In addition, it originates, administers, and services commercial insurance premium loans and small business administration loans. The company operates 165 full service domestic banking offices and 35 mortgage and loan production offices. Ameris Bancorp was founded in 1971 and is headquartered in Atlanta, Georgia.
Ameris Bancorp Stock Performance
Shares of ABCB opened at $48.93 on Friday. The business's fifty day moving average price is $42.99 and its 200 day moving average price is $44.60. Ameris Bancorp has a 12-month low of $38.22 and a 12-month high of $56.63. The stock has a market capitalization of $3.39 billion, a PE ratio of 10.15 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.03 and a quick ratio of 1.00.
Ameris Bancorp (NASDAQ:ABCB - Get Rating) last announced its quarterly earnings data on Tuesday, July 26th. The bank reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.11. Ameris Bancorp had a return on equity of 10.78% and a net margin of 31.45%. During the same quarter in the previous year, the firm earned $1.25 EPS. Equities research analysts forecast that Ameris Bancorp will post 4.94 EPS for the current year.
Ameris Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 8th. Investors of record on Thursday, June 30th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Wednesday, June 29th. Ameris Bancorp's dividend payout ratio (DPR) is presently 12.45%.
Wall Street Analyst Weigh In
Separately, Raymond James decreased their price target on shares of Ameris Bancorp from $50.00 to $48.00 and set an "outperform" rating for the company in a research report on Thursday, July 7th.