Ameris Bancorp (ABCB) Set to Announce Quarterly Earnings on Tuesday
Ameris Bancorp (NASDAQ:ABCB) will be announcing its earnings results before the market opens on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.92 per share for the quarter.
Ameris Bancorp (NASDAQ:ABCB) last announced its earnings results on Friday, January 25th. The bank reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. Ameris Bancorp had a net margin of 22.76% and a return on equity of 11.46%. The business had revenue of $131.10 million during the quarter, compared to analysts’ expectations of $130.93 million. During the same period in the prior year, the company earned $0.63 earnings per share. The business’s revenue was up 37.9% compared to the same quarter last year. On average, analysts expect Ameris Bancorp to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of NASDAQ:ABCB opened at $35.16 on Tuesday. Ameris Bancorp has a one year low of $29.97 and a one year high of $58.10. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.96 and a quick ratio of 0.95. The stock has a market capitalization of $1.69 billion, a PE ratio of 10.40 and a beta of 1.50.
A number of research analysts have recently issued reports on ABCB shares. BidaskClub upgraded shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, February 20th. Zacks Investment Research lowered shares of Ameris Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, February 22nd. SunTrust Banks upgraded shares of Ameris Bancorp from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Tuesday, January 29th. TheStreet lowered shares of Ameris Bancorp from a “b-” rating to a “c+” rating in a research note on Monday, December 24th. Finally, Piper Jaffray Companies upgraded shares of Ameris Bancorp from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $49.50 to $48.00 in a research note on Tuesday, December 18th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. Ameris Bancorp currently has a consensus rating of “Hold” and an average price target of $51.50.
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About Ameris Bancorp
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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