About Ameris Bancorp (NASDAQ:ABCB)
Ameris Bancorp is a financial holding company. The Company's business is conducted through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. The Company operates through four segments: the Banking Division, the Retail Mortgage Division, the Warehouse Lending Division and the SBA Division. The Banking Division is engaged in the delivery of financial services, which include commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division is engaged in the origination, sales and servicing of one- to four-family residential mortgage loans. The Warehouse Lending Division is engaged in the origination and servicing of warehouse lines to other businesses that are secured by underlying one- to four-family residential mortgage loans. The SBA Division is engaged in the origination, sales and servicing of small business administration (SBA) loans.
Industry, Sector and Symbol
Trailing P/E Ratio19.74
Forward P/E Ratio19.72
Sales & Book Value
Annual Sales$344.87 million
Price / Sales5.28
Cash Flow$2.79 per share
Price / Cash17.51
Book Value$21.54 per share
Price / Book2.27
Net Income$72.10 million
Return on Equity12.12%
Return on Assets1.25%
Frequently Asked Questions for Ameris Bancorp (NASDAQ:ABCB)
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 Friday, September 22nd. Shareholders of record on Friday, September 29th will be given a dividend of $0.10 per share on Tuesday, October 10th. This represents a $0.40 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Thursday, September 28th. View Ameris Bancorp's Dividend History.
How were Ameris Bancorp's earnings last quarter?
Ameris Bancorp (NASDAQ:ABCB) posted its quarterly earnings data on Thursday, October, 19th. The bank reported $0.63 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.65 by $0.02. The bank had revenue of $93.85 million for the quarter, compared to analysts' expectations of $96.89 million. Ameris Bancorp had a return on equity of 12.12% and a net margin of 21.57%. View Ameris Bancorp's Earnings History.
When will Ameris Bancorp make its next earnings announcement?
Where is Ameris Bancorp's stock going? Where will Ameris Bancorp's stock price be in 2017?
5 brokers have issued 12 month target prices for Ameris Bancorp's shares. Their forecasts range from $50.00 to $55.00. On average, they expect Ameris Bancorp's share price to reach $52.25 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 First Niagara Financial Group (FNFG), Popular (BPOP), TCF Financial Corporation (TCF), Metro Bank PLC (MTRO), Valley National Bancorp (VLY), Grupo Aval Acciones y Valores S.A. (AVAL), Glacier Bancorp (GBCI), Washington Federal (WAFD), Ita? CorpBanca (ITCB), BancorpSouth (BXS), Cybg Plc (CYBG), Community Bank System (CBU), International Bancshares Corporation (IBOC), CVB Financial Corporation (CVBF), Simmons First National Corporation (SFNC), EverBank Financial Corp (EVER), First Midwest Bancorp (FMBI) and Old National Bancorp (ONB).
Who are Ameris Bancorp's key executives?
Ameris Bancorp's management team includes the folowing people:
- Daniel B. Jeter, Independent Chairman of the Board (Age 65)
- Edwin W. Hortman Jr., President, Chief Executive Officer, Director (Age 63)
- Dennis J. Zember Jr., Chief Financial Officer, Chief Operating Officer, Executive Vice President (Age 47)
- Cindi H. Lewis, Executive Vice President, Chief Administrative Officer, Corporate Secretary (Age 63)
- Joseph B. Kissel, Executive Vice President, Chief Information Officer (Age 63)
- William McKendry, Executive Vice President, Chief Risk Officer of the Company and Ameris Bank
- Lawton E. Bassett III, Executive Vice President, Banking Group President, President of Bank (Age 48)
- Andrew B. Cheney, Executive Vice President, Chief Banking Executive (Age 67)
- Jon S. Edwards, Executive Vice President, Chief Credit Officer (Age 55)
- James A. LaHaise, Executive Vice President and Corporate Banking Executive (Age 56)
Who owns Ameris Bancorp stock?
Ameris Bancorp's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (4.10%), NWQ Investment Management Company LLC (3.37%), Ameriprise Financial Inc. (2.17%), Bank of New York Mellon Corp (1.99%), Maltese Capital Management LLC (1.56%) and Oak Ridge Investments LLC (1.46%). Company insiders that own Ameris Bancorp stock include Cindi H Lewis, Dennis J Zember Jr, Edwin W Hortman Jr, Elizabeth A Mccague, Jon S Edwards, Lawton E Bassett III, Leo J Hill and William I Jr Bowen. View Institutional Ownership Trends for Ameris Bancorp.
Who sold Ameris Bancorp stock? Who is selling Ameris Bancorp stock?
Ameris Bancorp's stock was sold by a variety of institutional investors in the last quarter, including Ameriprise Financial Inc., Allianz Asset Management GmbH, Wells Fargo & Company MN, Dimensional Fund Advisors LP, Bank of New York Mellon Corp, NWQ Investment Management Company LLC, Mesirow Financial Investment Management Equity Management and First Trust Advisors LP. Company insiders that have sold Ameris Bancorp company stock in the last year include Cindi H Lewis, Dennis J Zember Jr, Edwin W Hortman Jr, Jon S Edwards and Lawton E Bassett III. View Insider Buying and Selling for Ameris Bancorp.
Who bought Ameris Bancorp stock? Who is buying Ameris Bancorp stock?
Ameris Bancorp's stock was acquired by a variety of institutional investors in the last quarter, including Oak Ridge Investments LLC, JPMorgan Chase & Co., American Century Companies Inc., Russell Investments Group Ltd., Maltese Capital Management LLC, Castine Capital Management LLC, Schwab Charles Investment Management Inc. and Stephens Inc. AR. Company insiders that have bought Ameris Bancorp stock in the last two years include Elizabeth A Mccague, Leo J Hill and William I Jr Bowen. View Insider Buying and Selling for Ameris Bancorp.
How do I buy Ameris Bancorp stock?
Shares of Ameris Bancorp 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 Ameris Bancorp stock can currently be purchased for approximately $48.90.
How big of a company is Ameris Bancorp?
Ameris Bancorp has a market capitalization of $1.82 billion and generates $344.87 million in revenue each year. The bank earns $72.10 million in net income (profit) each year or $2.27 on an earnings per share basis. Ameris Bancorp employs 1,298 workers across the globe.
How can I contact Ameris Bancorp?
Ameris Bancorp's mailing address is 310 FIRST STREET S.E., 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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Ameris Bancorp (NASDAQ:ABCB) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 2 Hold Ratings, 3 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Buy (Score: 2.60)|
|Consensus Price Target: ||$52.25 (6.85% upside)|
Consensus Price Target History for Ameris Bancorp (NASDAQ:ABCB)
Analysts' Ratings History for Ameris Bancorp (NASDAQ:ABCB)
(Data available from 11/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/20/2017||Keefe, Bruyette & Woods||Upgrade||Market Perform -> Outperform||N/A|
|10/23/2017||Piper Jaffray Companies||Set Price Target||Hold||$50.00||N/A|
|4/26/2017||SunTrust Banks, Inc.||Upgrade||Hold -> Buy||$55.00||High|
|12/20/2016||FIG Partners||Downgrade||Outperform -> Market Perform||N/A|
|9/27/2016||Sandler O'Neill||Downgrade||Buy -> Hold||$36.00 -> $38.00||N/A|
Earnings History and Estimates Chart for Ameris Bancorp (NASDAQ:ABCB)
Earnings History by Quarter for Ameris Bancorp (NASDAQ ABCB)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/19/2017||Q3 2017||$0.65||$0.63||$96.89 million||$93.85 million||View||N/A|
|7/21/2017||Q2 2017||$0.65||$0.63||$92.71 million||$91.35 million||View||N/A|
|4/21/2017||Q1 2017||$0.58||$0.60||$86.84 million||$86.30 million||View||N/A|
|1/20/2017||Q416||$0.52||$0.52||$86.94 million||$81.55 million||View||N/A|
|10/17/2016||Q316||$0.59||$0.61||$86.40 million||$85.93 million||View||Listen|
|7/22/2016||Q216||$0.53||$0.57||$80.46 million||$82.97 million||View||Listen|
|4/22/2016||Q116||$0.47||$0.50||$75.91 million||$74.72 million||View||Listen|
|1/22/2016||Q415||$0.51||$0.47||$74.52 million||$71.03 million||View||Listen|
|10/23/2015||Q315||$0.47||$0.48||$70.21 million||$72.38 million||View||Listen|
|7/24/2015||Q215||$0.39||$0.38||$60.46 million||$64.90 million||View||Listen|
|4/23/2015||Q115||$0.39||$0.32||$57.06 million||$56.41 million||View||N/A|
|1/29/2015||Q4 2014||$0.45||$0.39||$57.45 million||$57.37 million||View||N/A|
|10/22/2014||Q3||$0.44||$0.44||$57.83 million||$57.03 million||View||N/A|
|7/22/2014||Q2 2014||$0.40||$0.32||$49.23 million||$51.08 million||View||N/A|
|4/22/2014||Q1 2014||$0.33||$0.32||$47.12 million||$47.24 million||View||N/A|
Earnings Estimates for Ameris Bancorp (NASDAQ:ABCB)
2017 EPS Consensus Estimate: $2.53
2018 EPS Consensus Estimate: $3.15
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Ameris Bancorp (NASDAQ:ABCB)
|Most Recent Dividend:||10/10/2017|
|Payout Ratio:||17.62% (Trailing 12 Months of Earnings) |
16.13% (Based on This Year's Estimates)
12.86% (Based on Next Year's Estimates)
Dividend History by Quarter for Ameris Bancorp (NASDAQ ABCB)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Ameris Bancorp (NASDAQ ABCB)
Insider Ownership Percentage: 3.63%
Institutional Ownership Percentage: 82.71%
Insider Trades by Quarter for Ameris Bancorp (NASDAQ ABCB)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/7/2017||Leo J Hill||Director||Buy||1,000||$42.75||$42,750.00|| |
|8/1/2017||William I Jr. Bowen||Director||Buy||300||$46.09||$13,827.00|| |
|6/8/2017||Cindi H Lewis||CAO||Sell||3,200||$46.00||$147,200.00|| |
|6/8/2017||Edwin W Hortman Jr||CEO||Sell||27,459||$46.69||$1,282,060.71|| |
|5/31/2017||Leo J Hill||Director||Buy||500||$43.00||$21,500.00|| |
|5/16/2017||William I Jr. Bowen||Director||Buy||300||$44.07||$13,221.00|| |
|5/8/2017||Elizabeth A Mccague||Director||Buy||1,060||$47.00||$49,820.00|| |
|5/4/2017||Edwin W Hortman Jr||CEO||Sell||14,578||$47.37||$690,559.86|| |
|5/4/2017||Jon S Edwards||EVP||Sell||13,033||$47.23||$615,548.59|| |
|5/4/2017||Lawton E Bassett III||President||Sell||5,204||$47.23||$245,784.92|| |
|5/1/2017||Dennis J Zember Jr||COO||Sell||15,000||$47.38||$710,700.00|| |
|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|| |
|5/14/2014||Cindi Lewis||CAO||Sell||2,467||$20.41||$50,351.47|| |
|4/29/2014||Jon Edwards||EVP||Sell||1,850||$21.98||$40,663.00|| |
|4/25/2014||Jimmy Veal||Director||Buy||3,180||$22.39||$71,200.20|| |
|2/21/2014||William Stern||Director||Buy||3,000||$20.28||$60,840.00|| |
|2/3/2014||Jimmy Veal||Director||Buy||2,600||$20.41||$53,066.00|| |
|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|| |
Latest Headlines for Ameris Bancorp (NASDAQ ABCB)
|Q2 2018 Earnings Estimate for Ameris Bancorp (ABCB) Issued By FIG Partners|
www.americanbankingnews.com - November 22 at 11:30 AM
|INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Investors of an Investigation Concerning Whether the Sale of Atlantic Coast Financial Corporation to Ameris Bancorp is Fair to ...|
www.businesswire.com - November 21 at 3:55 PM
|Q3 2018 EPS Estimates for Ameris Bancorp Raised by FIG Partners (ABCB)|
www.americanbankingnews.com - November 21 at 2:12 PM
|FY2017 EPS Estimates for Ameris Bancorp (ABCB) Reduced by SunTrust Banks|
www.americanbankingnews.com - November 21 at 7:58 AM
|ATLANTIC COAST FINANCIAL INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Atlantic Coast Financial Corporation|
finance.yahoo.com - November 20 at 10:00 PM
|Ameris Bancorp (ABCB) Upgraded to "Outperform" by Keefe, Bruyette & Woods|
www.americanbankingnews.com - November 20 at 9:32 PM
|Ameris Bancorp – Value Analysis (NASDAQ:ABCB) : November 20, 2017|
finance.yahoo.com - November 20 at 4:59 PM
|SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Concerning Whether the Sale of Atlantic Coast Financial Corporation to Ameris Bancorp is Fair to ...|
www.businesswire.com - November 18 at 12:58 AM
|Ameris Bancorp breached its 50 day moving average in a Bullish Manner : ABCB-US : November 17, 2017|
finance.yahoo.com - November 17 at 3:16 PM
|Atlantic Coast Bank acquired for $145 million|
finance.yahoo.com - November 17 at 3:16 PM
|Ameris Bancorp Acquires Atlantic Coast Financial for $145M|
seekingalpha.com - November 17 at 10:34 AM
|ABCB: Insiders Vs. Shorts|
www.thestreet.com - November 10 at 3:49 PM
|Ameris Bancorp (ABCB) Given Consensus Recommendation of "Hold" by Analysts|
www.americanbankingnews.com - November 9 at 7:44 AM
|Notable Two Hundred Day Moving Average Cross - ABCB|
www.nasdaq.com - November 8 at 5:16 PM
|Legato Capital Management LLC Buys iShares MSCI EAFE, InRetail Peru Corp, Dave & Buster's ...|
www.nasdaq.com - November 1 at 3:10 PM
|$97.92 Million in Sales Expected for Ameris Bancorp (ABCB) This Quarter|
www.americanbankingnews.com - October 27 at 7:59 AM
|Ameris Bancorp (ABCB) Stock Rating Reaffirmed by Keefe, Bruyette & Woods|
www.americanbankingnews.com - October 26 at 11:26 PM
|FY2017 Earnings Estimate for Ameris Bancorp Issued By FIG Partners (ABCB)|
www.americanbankingnews.com - October 26 at 10:30 AM
|ETFs with exposure to Ameris Bancorp : October 25, 2017|
finance.yahoo.com - October 25 at 4:06 PM
|Ameris Bancorp to Post Q4 2017 Earnings of $0.65 Per Share, FIG Partners Forecasts (ABCB)|
www.americanbankingnews.com - October 25 at 2:48 PM
|Piper Jaffray Companies Analysts Give Ameris Bancorp (ABCB) a $50.00 Price Target|
www.americanbankingnews.com - October 24 at 6:44 PM
|Edited Transcript of ABCB earnings conference call or presentation 19-Oct-17 2:00pm GMT|
finance.yahoo.com - October 20 at 1:22 AM
|Ameris Bancorp misses by $0.02, misses on revenue|
seekingalpha.com - October 19 at 8:20 PM
|Ameris Bancorp's (ABCB) CEO Ed Hortman on Q3 2017 Results - Earnings Call Transcript|
www.msn.com - October 19 at 8:20 PM
|Ameris Bancorp Announces Financial Results For Third Quarter 2017|
finance.yahoo.com - October 19 at 3:17 PM
|Ameris Bancorp (ABCB): What Can We Expect From This High Growth Stock?|
finance.yahoo.com - October 19 at 3:17 PM
|Ameris Bancorp (ABCB) Announces Quarterly Earnings Results|
www.americanbankingnews.com - October 19 at 11:29 AM
|Ameris Bancorp (ABCB) Receives Average Rating of "Hold" from Analysts|
www.americanbankingnews.com - October 15 at 9:00 AM
|Ameris Bancorp : ABCB-US: Dividend Analysis : September 29th, 2017 (record date) : By the numbers : October 13, 2017|
finance.yahoo.com - October 13 at 3:18 PM
|Ameris Bancorp (ABCB) Upgraded to Hold by Zacks Investment Research|
www.americanbankingnews.com - October 12 at 3:52 PM
|FIG Partners Research Analysts Lift Earnings Estimates for Ameris Bancorp (ABCB)|
www.americanbankingnews.com - October 12 at 9:34 AM
|Ameris Bancorp (ABCB) Scheduled to Post Earnings on Thursday|
www.americanbankingnews.com - October 12 at 1:24 AM
|Ameris Bancorp Reaches Analyst Target Price|
www.thestreet.com - October 11 at 3:26 PM
|Ameris Bancorp (ABCB) Expected to Announce Quarterly Sales of $96.89 Million|
www.americanbankingnews.com - October 8 at 9:38 AM
|Ameris Bancorp (ABCB) Given a $48.00 Price Target by Piper Jaffray Companies Analysts|
www.americanbankingnews.com - October 7 at 11:54 PM
|Piper Jaffray Companies Reaffirms "Neutral" Rating for Ameris Bancorp (ABCB)|
www.americanbankingnews.com - October 5 at 5:36 PM
|Ameris Bancorp Announces Date Of Third Quarter 2017 Earnings Release And Conference Call|
finance.yahoo.com - September 29 at 3:03 PM
|Ameris Bancorp (ABCB) Given "Buy" Rating at Stephens|
www.americanbankingnews.com - September 28 at 3:40 PM
|Ameris Bancorp (ABCB) Ex-Dividend Date Scheduled for September 28, 2017 - Nasdaq|
www.nasdaq.com - September 28 at 3:16 PM
|Ameris Bancorp (ABCB) to Issue $0.10 Quarterly Dividend|
www.americanbankingnews.com - September 27 at 2:08 PM
|Reviewing Ameris Bancorp (ABCB) & Its Peers|
www.americanbankingnews.com - September 23 at 10:28 PM
|Ameris Bancorp breached its 50 day moving average in a Bullish Manner : ABCB-US : September 21, 2017|
finance.yahoo.com - September 23 at 9:37 AM
|ETFs with exposure to Ameris Bancorp : September 22, 2017|
finance.yahoo.com - September 23 at 9:37 AM
|Ameris Bancorp (ABCB) Receives Consensus Recommendation of "Hold" from Analysts|
www.americanbankingnews.com - September 20 at 8:08 AM
|Ameris Bancorp (ABCB) vs. KeyCorp (KEY) Financial Analysis|
www.americanbankingnews.com - September 19 at 6:10 PM
|Ameris Bancorp (ABCB) Director Acquires $42,750.00 in Stock|
www.americanbankingnews.com - September 7 at 8:28 PM
|Ameris Bancorp :ABCB-US: Earnings Analysis: Q2, 2017 By the Numbers : September 7, 2017|
finance.yahoo.com - September 7 at 3:16 PM
|FIG Partners Brokers Reduce Earnings Estimates for Ameris Bancorp (ABCB)|
www.americanbankingnews.com - August 31 at 10:12 AM
|Ameris Bancorp (ABCB) Expected to Announce Earnings of $0.66 Per Share|
www.americanbankingnews.com - August 30 at 2:10 PM
|Ameris Bancorp (ABCB) Receives Consensus Rating of "Hold" from Brokerages|
www.americanbankingnews.com - August 26 at 8:28 AM
Ameris Bancorp (NASDAQ ABCB) Chart for Thursday, November, 23, 2017