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:
- Sector: Finance
- Industry: Banks
- Sub-Industry: Regional Banks
- Symbol: NASDAQ:ABCB
- CUSIP: 03076K10
- Web: www.amerisbank.com
- Market Cap: $1.79 billion
- Outstanding Shares: 37,162,000
- 50 Day Moving Avg: $46.49
- 200 Day Moving Avg: $46.04
- 52 Week Range: $35.15 - $51.28
Sales & Book Value:
- Trailing P/E Ratio: 20.73
- Foreward P/E Ratio: 15.37
- P/E Growth: 2.38
- Annual Revenue: $338.56 million
- Price / Sales: 5.30
- Book Value: $21.06 per share
- Price / Book: 2.29
- Annual Dividend: $0.40
- Dividend Yield: 0.8%
- Net Margins: 21.57%
- Return on Equity: 12.12%
- Return on Assets: 1.25%
- Debt-to-Equity Ratio: 1.11%
- Current Ratio: 1.07%
- Quick Ratio: 1.02%
- Average Volume: 179,154 shs.
- Beta: 1.3
- Short Ratio: 5.83
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 declared a quarterly dividend on Friday, September 22nd. Investors of record on Friday, September 29th will be paid a dividend of $0.10 per share on Tuesday, October 10th. This represents a $0.40 dividend on an annualized basis and a yield of 0.83%. 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 earnings results on Thursday, October, 19th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.65 by $0.02. The firm earned $93.85 million during the quarter, compared to the consensus estimate 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 analysts have issued twelve-month price objectives for Ameris Bancorp's shares. Their forecasts range from $48.00 to $55.00. On average, they anticipate Ameris Bancorp's share price to reach $51.50 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 Popular (BPOP), Ita? CorpBanca (ITCB), Valley National Bancorp (VLY), Washington Federal (WAFD), TCF Financial Corporation (TCF), TCF Financial (TCF), Metro Bank PLC (MTRO), BancorpSouth (BXS), Glacier Bancorp (GBCI), Community Bank System (CBU), Cybg Plc (CYBG), International Bancshares Corporation (IBOC), CVB Financial Corporation (CVBF), Old National Bancorp (ONB), First Midwest Bancorp (FMBI), Astoria Financial Corporation (AF), First Interstate BancSystem (FIBK) and Towne Bank (TOWN).
Who are Ameris Bancorp's key executives?
Ameris Bancorp's management team includes the folowing people:
- Daniel B. Jeter, Independent Chairman of the Board
- Edwin W. Hortman Jr., President, Chief Executive Officer, Director
- Dennis J. Zember Jr., Chief Financial Officer, Chief Operating Officer, Executive Vice President
- Cindi H. Lewis, Executive Vice President, Chief Administrative Officer, Corporate Secretary
- Joseph B. Kissel, Executive Vice President, Chief Information Officer
- Stephen A. Melton, Executive Vice President, Chief Risk Officer
- Lawton E. Bassett III, Executive Vice President, Banking Group President, President of Bank
- Andrew B. Cheney, Executive Vice President, Chief Banking Executive
- Jon S. Edwards, Executive Vice President, Chief Credit Officer
- James A. LaHaise, Executive Vice President and Corporate Banking Executive
Who owns Ameris Bancorp stock?
Ameris Bancorp's stock is owned by a number of of institutional and retail investors. Top institutional investors include Fisher Asset Management LLC (0.31%). 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 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 Fisher Asset Management LLC. 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 include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Ameris Bancorp's stock price today?
MarketBeat Community Rating for Ameris Bancorp (NASDAQ 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.
One share of Ameris Bancorp stock can currently be purchased for approximately $48.25.
Consensus Ratings for Ameris Bancorp (NASDAQ:ABCB) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings 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). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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: ||3 Hold Ratings, 2 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.40)|
|Consensus Price Target: ||$51.50 (6.74% upside)|Consensus Price Target History for Ameris Bancorp (NASDAQ:ABCB)
Analysts' Ratings History for Ameris Bancorp (NASDAQ:ABCB)
(Data available from 10/21/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/6/2017||Piper Jaffray Companies||Set Price Target||Hold||$48.00||N/A|
|6/26/2017||Keefe, Bruyette & Woods||Reiterated Rating||Hold||$51.00||Medium|
|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|
|11/2/2015||Cowen and Company||Lower Price Target||Outperform||$41.00 -> $30.50||N/A|
Earnings History 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: $2.56
2018 EPS Consensus Estimate: $3.14
(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) |
15.81% (Based on This Year's Estimates)
12.74% (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%Insider Trades by Quarter for Ameris Bancorp (NASDAQ:ABCB)
Institutional Ownership Percentage: 82.40%
(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|| |
Headline Trends for Ameris Bancorp (NASDAQ:ABCB)
Latest Headlines for Ameris Bancorp (NASDAQ:ABCB)
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Ameris Bancorp (ABCB) Chart for Saturday, October, 21, 2017