Ameris Bancorp to Issue Quarterly Dividend of $0.20 (NYSE:ABCB)

Ameris Bancorp (NYSE:ABCB) announced a quarterly dividend on Monday, September 14th. Shareholders of record on Wednesday, September 30th will be paid a dividend of 0.20 per share by the bank on Monday, October 5th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, September 30th.

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

Ameris Bancorp Price Performance

Shares of NYSE:ABCB opened at $84.75 on Wednesday. The firm’s 50 day moving average is $87.58 and its two-hundred day moving average is $84.70. The firm has a market capitalization of $5.69 billion, a P/E ratio of 15.33 and a beta of 0.91. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.34. Ameris Bancorp has a 52 week low of $68.80 and a 52 week high of $93.22.

Ameris Bancorp (NYSE:ABCB) last issued its quarterly earnings data on Thursday, July 23rd. The bank reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by ($0.06). Ameris Bancorp had a return on equity of 10.62% and a net margin of 21.98%.The business had revenue of $317.78 million for the quarter, compared to analyst estimates of $323.78 million. During the same quarter in the prior year, the firm posted $1.59 earnings per share. Analysts anticipate that Ameris Bancorp will post 6.58 earnings per share for the current year.

About Ameris Bancorp

Ameris Bancorp is the bank holding company for Ameris Bank, a full-service community bank headquartered in Atlanta, Georgia. Through its banking subsidiary, the company provides financial products and services to individuals, families, businesses and institutions.

Ameris Bank offers deposit accounts, commercial and consumer loans, residential mortgages, home equity financing, treasury management and payment services. The bank also provides wealth management, investment and insurance-related services, along with digital and mobile banking capabilities.

Founded in 1971, Ameris Bank serves communities primarily across the southeastern United States, including Georgia, Alabama, Florida, South Carolina and North Carolina.