Ameris Bancorp (ABCB) Projected to Release Quarterly Earnings on Thursday

Ameris Bancorp (NYSE:ABCB) is anticipated to announce its results after the market closes on Thursday, October 22nd. Analysts expect Ameris Bancorp to announce earnings of $1.68 per share and revenue of $326.66 million for the quarter.

Ameris Bancorp (NYSE:ABCB) last released its earnings results on Thursday, July 23rd. The bank reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.06). Ameris Bancorp had a return on equity of 10.62% and a net margin of 21.98%. The firm had revenue of $317.78 million for the quarter, compared to the consensus estimate of $323.78 million. During the same quarter in the previous year, the firm earned $1.59 EPS. On average, analysts expect Ameris Bancorp to post $6.61 EPS for the current fiscal year and $7.02 EPS for the next fiscal year.

Ameris Bancorp Trading Down 0.7%

Shares of ABCB opened at $79.18 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.34. Ameris Bancorp has a 12-month low of $69.58 and a 12-month high of $93.22. The firm has a market capitalization of $5.31 billion, a PE ratio of 14.32 and a beta of 0.96. The stock’s fifty day simple moving average is $83.56 and its 200-day simple moving average is $85.36.

Ameris Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Wednesday, September 30th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Wednesday, September 30th. Ameris Bancorp’s dividend payout ratio (DPR) is presently 14.47%.

Wall Street Analyst Weigh In

ABCB has been the subject of several recent research reports. Morgan Stanley raised Ameris Bancorp to an “overweight” rating in a report on Wednesday, June 24th. Wall Street Zen lowered shares of Ameris Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, September 26th. Stephens set a $88.00 target price on shares of Ameris Bancorp in a research note on Monday, July 27th. Weiss Ratings assumed coverage on shares of Ameris Bancorp in a research report on Wednesday, September 2nd. They set a “buy (b)” rating for the company. Finally, DA Davidson boosted their price target on shares of Ameris Bancorp from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $90.67.

About Ameris Bancorp

Ameris Bancorp (NYSE: ABCB) is a bank holding company and the parent company of Ameris Bank, a full-service financial institution serving individuals, businesses and communities primarily across the southeastern United States.

Ameris Bank offers a range of banking products and services, including checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial and industrial lending, commercial real estate financing, treasury management and wealth management services.