Ameris Bancorp (NASDAQ:ABCB) Announces $0.20 Quarterly Dividend

Ameris Bancorp (NASDAQ:ABCB) announced a quarterly dividend on Monday, December 15th. Shareholders of record on Wednesday, December 31st will be paid a dividend of 0.20 per share by the bank on Monday, January 5th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, December 31st.

Ameris Bancorp has increased its dividend by an average of 0.1%annually over the last three years.

Ameris Bancorp Stock Up 0.6%

NASDAQ:ABCB opened at $78.46 on Tuesday. Ameris Bancorp has a twelve month low of $48.27 and a twelve month high of $78.99. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 15.06 and a beta of 1.00. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.11. The stock’s 50 day moving average price is $74.03 and its two-hundred day moving average price is $70.48.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ABCB shares. Truist Financial began coverage on Ameris Bancorp in a report on Tuesday, November 25th. They issued a “hold” rating and a $80.00 target price for the company. Keefe, Bruyette & Woods boosted their price target on Ameris Bancorp from $78.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. DA Davidson initiated coverage on Ameris Bancorp in a research note on Tuesday, November 25th. They issued a “buy” rating and a $87.00 price objective for the company. Raymond James Financial reissued an “outperform” rating and set a $80.00 target price (up from $73.00) on shares of Ameris Bancorp in a report on Wednesday, October 29th. Finally, Piper Sandler set a $84.00 price target on shares of Ameris Bancorp in a research note on Wednesday, October 29th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $78.57.

Ameris Bancorp Company Profile

Ameris Bancorp operates as the bank holding company for Ameris Bank that provides range of banking services to retail and commercial customers. It operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division, and Premium Finance Division. The company offers commercial and retail checking, regular interest-bearing savings, money market, individual retirement, and certificates of deposit accounts.