Ameris Bancorp (NASDAQ:ABCB) – Investment analysts at SunTrust Banks reduced their Q3 2017 earnings per share (EPS) estimates for Ameris Bancorp in a note issued to investors on Tuesday. SunTrust Banks analyst J. Demba now forecasts that the bank will earn $0.67 per share for the quarter, down from their previous forecast of $0.70. SunTrust Banks currently has a “Buy” rating and a $55.00 target price on the stock. SunTrust Banks also issued estimates for Ameris Bancorp’s FY2017 earnings at $2.55 EPS and Q2 2018 earnings at $0.78 EPS.

A number of other equities analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a report on Friday, April 28th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $50.00 price target on shares of Ameris Bancorp in a report on Wednesday, April 5th. BidaskClub upgraded shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Stephens reiterated a “buy” rating and issued a $52.00 price target on shares of Ameris Bancorp in a report on Friday, April 21st. Finally, ValuEngine upgraded shares of Ameris Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $49.33.

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Ameris Bancorp (ABCB) opened at 46.15 on Wednesday. The stock has a market cap of $1.72 billion, a PE ratio of 19.82 and a beta of 1.28. Ameris Bancorp has a 12-month low of $32.35 and a 12-month high of $51.28. The firm has a 50 day moving average of $47.52 and a 200-day moving average of $46.09.

Ameris Bancorp (NASDAQ:ABCB) last posted its quarterly earnings results on Friday, July 21st. The bank reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.02. The company had revenue of $91.35 million during the quarter, compared to analysts’ expectations of $92.71 million. Ameris Bancorp had a return on equity of 12.52% and a net margin of 22.66%.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 10th. Shareholders of record on Friday, June 30th were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, June 28th. This represents a $0.40 annualized dividend and a yield of 0.87%. Ameris Bancorp’s dividend payout ratio (DPR) is currently 17.09%.

In other Ameris Bancorp news, COO Dennis J. Zember, Jr. sold 15,000 shares of the firm’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $47.38, for a total transaction of $710,700.00. Following the completion of the transaction, the chief operating officer now directly owns 148,727 shares in the company, valued at approximately $7,046,685.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Cindi H. Lewis sold 3,200 shares of the firm’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $46.00, for a total transaction of $147,200.00. Following the transaction, the chief accounting officer now owns 70,578 shares of the company’s stock, valued at $3,246,588. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 1,860 shares of company stock valued at $84,541 and have sold 78,474 shares valued at $3,691,854. Company insiders own 3.63% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. New York State Teachers Retirement System increased its position in Ameris Bancorp by 1.4% in the fourth quarter. New York State Teachers Retirement System now owns 14,898 shares of the bank’s stock valued at $650,000 after buying an additional 200 shares during the period. GSA Capital Partners LLP acquired a new position in Ameris Bancorp during the fourth quarter valued at $279,000. Two Sigma Investments LP acquired a new position in Ameris Bancorp during the fourth quarter valued at $781,000. AQR Capital Management LLC increased its position in Ameris Bancorp by 7.1% in the fourth quarter. AQR Capital Management LLC now owns 41,669 shares of the bank’s stock valued at $1,817,000 after buying an additional 2,745 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its position in Ameris Bancorp by 56.9% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 11,300 shares of the bank’s stock valued at $493,000 after buying an additional 4,100 shares during the period. Hedge funds and other institutional investors own 84.23% of the company’s stock.

About Ameris Bancorp

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.

Earnings History and Estimates for Ameris Bancorp (NASDAQ:ABCB)

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