Ameris Bancorp - ABCB Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ameris Bancorp in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" ABCB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ABCB, but not buy additional shares or sell existing shares.
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3 Wall Street analysts have issued 1 year price targets for Ameris Bancorp's shares. Their ABCB share price forecasts range from $48.00 to $60.00. On average, they anticipate the company's share price to reach $55.00 in the next year. This suggests a possible upside of 3.3% from the stock's current price.
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Ameris Bancorp's stock was trading at $49.68 at the beginning of the year. Since then, ABCB shares have increased by 7.2% and is now trading at $53.26.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
View our ABCB earnings forecast.

Ameris Bancorp (NASDAQ:ABCB) released its quarterly earnings data on Thursday, October, 28th. The bank reported $1.20 EPS for the quarter, topping the consensus estimate of $1.18 by $0.02. The bank earned $239.40 million during the quarter, compared to the consensus estimate of $245.10 million. Ameris Bancorp had a net margin of 31.01% and a trailing twelve-month return on equity of 10.85%. The business's quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.69 earnings per share.

Ameris Bancorp announced a quarterly dividend on Wednesday, September 7th. Investors of record on Friday, September 30th will be given a dividend of $0.15 per share on Monday, October 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Thursday, September 29th.
Read our dividend analysis for ABCB.

Ameris Bancorp (NASDAQ:ABCB) pays an annual dividend of $0.60 per share and currently has a dividend yield of 1.14%. The dividend payout ratio is 12.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ABCB will have a dividend payout ratio of 11.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ABCB.

10 employees have rated Ameris Bancorp Chief Executive Officer H. Palmer Proctor, Jr. on Glassdoor.com. H. Palmer Proctor, Jr. has an approval rating of 66% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ameris Bancorp investors own include Energy Transfer (ET), Bank of America (BAC), Phillips 66 (PSX), Ford Motor (F), General Electric (GE), Advanced Micro Devices (AMD), CVS Health (CVS), Enterprise Products Partners (EPD), AT&T (T) and Walgreens Boots Alliance (WBA).

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

Ameris Bancorp's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (14.64%), Vanguard Group Inc. (10.59%), Dimensional Fund Advisors LP (5.23%), State Street Corp (4.27%), Bank of New York Mellon Corp (1.08%) and The Manufacturers Life Insurance Company (1.02%). Insiders that own company stock include Elizabeth A Mccague, H Palmer Proctor Jr, James A Lahaise, Jimmy D Veal, Jon S Edwards, Michael T Pierson, Nicole S Stokes, Robert P Lynch, Ross L Creasy, William D Mckendry and William Millard Choate.
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Shares of ABCB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ABCB stock can currently be purchased for approximately $53.26.

Ameris Bancorp (NASDAQ:ABCB) has a market capitalization of $3.69 billion and generates $1.07 billion in revenue each year. The bank earns $376.91 million in net income (profit) each year or $4.99 on an earnings per share basis.

The company employs 2,865 workers across the globe.

Ameris Bancorp's mailing address is 3490 PIEDMONT RD SUITE 1550, ATLANTA GA, 30305. The official website for the company is www.amerisbank.com. The bank can be reached via phone at (229) 890-1111, via email at investor.relations@slgreen.com, or via fax at 229-890-2235.