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 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ABCB shares.
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3 Wall Street research analysts have issued 1 year price targets for Ameris Bancorp's stock. Their ABCB share price forecasts range from $48.00 to $62.00. On average, they anticipate the company's share price to reach $56.67 in the next year. This suggests a possible upside of 21.8% from the stock's current price.
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Ameris Bancorp's stock was trading at $47.14 at the beginning of the year. Since then, ABCB shares have decreased by 1.3% and is now trading at $46.52.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
View our ABCB earnings forecast.

Ameris Bancorp (NASDAQ:ABCB) released its earnings results on Friday, January, 27th. The bank reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by $0.17. The bank had revenue of $272.49 million for the quarter, compared to analyst estimates of $281.13 million. Ameris Bancorp had a net margin of 29.41% and a trailing twelve-month return on equity of 10.63%. The company's revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.17 earnings per share.

Ameris Bancorp declared a quarterly dividend on Monday, December 12th. Shareholders of record on Saturday, December 31st will be paid a dividend of $0.15 per share on Monday, January 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, December 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 1.29%. 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 11.39% 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 a number of retail and institutional investors. Top institutional shareholders include Congress Asset Management Co. MA (0.54%), Ceredex Value Advisors LLC (0.36%), PL Capital Advisors LLC (0.35%), Peregrine Capital Management LLC (0.33%), Allspring Global Investments Holdings LLC (0.29%) and State of Alaska Department of Revenue (0.07%). Insiders that own company stock include Elizabeth A Mccague, H Palmer Proctor Jr, 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.
View institutional ownership trends.

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 $46.52.

Ameris Bancorp (NASDAQ:ABCB) has a market capitalization of $3.23 billion and generates $1.18 billion in revenue each year. The bank earns $346.54 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.