Ameris Bancorp (ABCB) Receives $56.75 Average PT from Analysts
Shares of Ameris Bancorp (NASDAQ:ABCB) have been assigned a consensus rating of “Hold” from the ten ratings firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $56.75.
A number of analysts have issued reports on the stock. ValuEngine cut shares of Ameris Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. BidaskClub upgraded shares of Ameris Bancorp from a “strong sell” rating to a “sell” rating in a research note on Monday. Stephens set a $58.00 target price on shares of Ameris Bancorp and gave the company a “buy” rating in a research note on Monday, December 17th. Zacks Investment Research cut shares of Ameris Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Sandler O’Neill upgraded shares of Ameris Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, December 19th.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlueMountain Capital Management LLC acquired a new stake in shares of Ameris Bancorp in the third quarter worth $102,000. First Interstate Bank lifted its stake in shares of Ameris Bancorp by 37.3% in the third quarter. First Interstate Bank now owns 5,765 shares of the bank’s stock worth $263,000 after buying an additional 1,565 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Ameris Bancorp in the third quarter worth $263,000. Tower Research Capital LLC TRC acquired a new stake in shares of Ameris Bancorp in the second quarter worth $295,000. Finally, Raymond James & Associates acquired a new stake in shares of Ameris Bancorp in the second quarter worth $298,000. Hedge funds and other institutional investors own 84.41% of the company’s stock.
Ameris Bancorp (NASDAQ:ABCB) last announced its quarterly earnings data on Friday, October 19th. The bank reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.01. Ameris Bancorp had a net margin of 17.99% and a return on equity of 11.14%. The firm had revenue of $129.21 million for the quarter, compared to the consensus estimate of $135.44 million. On average, equities research analysts predict that Ameris Bancorp will post 3.3 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 10th. Shareholders of record on Monday, December 31st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Friday, December 28th. Ameris Bancorp’s dividend payout ratio (DPR) is presently 16.13%.
Ameris Bancorp Company Profile
Ameris Bancorp operates as the holding company for Ameris Bank that provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. The company operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, Small Business Administration Division, and Premium Finance Division.
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