Ameris Bancorp (ABCB) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ameris Bancorp in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ABCB shares.
View ABCB analyst ratings or view top-rated stocks.

6 Wall Street research analysts have issued twelve-month price objectives for Ameris Bancorp's shares. Their ABCB share price forecasts range from $38.00 to $54.00. On average, they anticipate the company's stock price to reach $45.40 in the next year. This suggests a possible upside of 43.9% from the stock's current price.
View analysts price targets for ABCB or view top-rated stocks among Wall Street analysts.

Ameris Bancorp's stock was trading at $47.14 at the start of the year. Since then, ABCB shares have decreased by 33.1% and is now trading at $31.56.
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Ameris Bancorp saw a increase in short interest in May. As of May 15th, there was short interest totaling 2,120,000 shares, an increase of 28.5% from the April 30th total of 1,650,000 shares. Based on an average trading volume of 528,800 shares, the days-to-cover ratio is presently 4.0 days. Currently, 3.2% of the shares of the stock are short sold.
View Ameris Bancorp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our ABCB earnings forecast.

Ameris Bancorp (NASDAQ:ABCB) released its quarterly earnings data on Friday, April, 28th. The bank reported $0.86 EPS for the quarter, missing analysts' consensus estimates of $1.20 by $0.34. The bank had revenue of $267.70 million for the quarter, compared to analyst estimates of $264.36 million. Ameris Bancorp had a trailing twelve-month return on equity of 9.94% and a net margin of 25.82%. The firm's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.08 earnings per share.

Ameris Bancorp announced a quarterly dividend on Friday, March 17th. Shareholders of record on Friday, March 31st will be paid a dividend of $0.15 per share on Monday, April 10th. This represents a $0.60 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Thursday, March 30th.
Read our dividend analysis for ABCB.

ETFs with the largest weight of Ameris Bancorp (NASDAQ:ABCB) stock in their portfolio include Invesco KBW Regional Banking ETF (KBWR), First Trust NASDAQ ABA Community Bank Index Fund (QABA), Invesco S&P SmallCap Financials ETF (PSCF), ETC 6 Meridian Small Cap Equity ETF (SIXS), SPDR S&P Regional Banking ETF (KRE), SPDR S&P Bank ETF (KBE), First Trust Nasdaq Bank ETF (FTXO) and

Ameris Bancorp (NASDAQ:ABCB) pays an annual dividend of $0.60 per share and currently has a dividend yield of 1.85%. The dividend payout ratio is 12.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ABCB will have a dividend payout ratio of 13.16% 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 retail and institutional investors. Top institutional investors include BlackRock Inc. (14.78%), Wellington Management Group LLP (7.01%), Dimensional Fund Advisors LP (5.67%), State Street Corp (4.49%), American Century Companies Inc. (3.29%) and Principal Financial Group Inc. (2.83%). Insiders that own company stock include Elizabeth A Mccague, H Palmer Proctor Jr, James A Lahaise, Jimmy D Veal, Jon S Edwards, Nicole S Stokes, William D Mckendry, William I Jr Bowen 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 $31.56.

Ameris Bancorp (NASDAQ:ABCB) has a market capitalization of $2.19 billion and generates $1.18 billion in revenue each year. The bank earns $346.54 million in net income (profit) each year or $4.69 on an earnings per share basis.

The company employs 2,847 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.