Ameris Bancorp (ABCB) Expected to Announce Quarterly Earnings on Thursday

Ameris Bancorp (NASDAQ:ABCB - Get Free Report) is expected to be issuing its quarterly earnings data after the market closes on Thursday, January 30th. Analysts expect the company to announce earnings of $1.20 per share and revenue of $276,188.75 billion for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

Ameris Bancorp (NASDAQ:ABCB - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The bank reported $1.38 earnings per share for the quarter, beating analysts' consensus estimates of $1.25 by $0.13. The firm had revenue of $424.86 million for the quarter, compared to analysts' expectations of $290.60 million. Ameris Bancorp had a return on equity of 9.18% and a net margin of 20.08%. During the same period in the previous year, the firm earned $1.16 EPS. On average, analysts expect Ameris Bancorp to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Ameris Bancorp Stock Performance

Ameris Bancorp stock traded down $0.30 during midday trading on Thursday, hitting $64.19. The stock had a trading volume of 365,962 shares, compared to its average volume of 407,840. Ameris Bancorp has a 52-week low of $44.22 and a 52-week high of $74.56. The company has a market capitalization of $4.43 billion, a PE ratio of 13.37 and a beta of 1.06. The firm's fifty day moving average is $65.65 and its two-hundred day moving average is $62.53. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Ameris Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Tuesday, December 31st were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This is a boost from Ameris Bancorp's previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.25%. Ameris Bancorp's dividend payout ratio is 16.67%.

Insider Buying and Selling

In other Ameris Bancorp news, Director Robert Dale Ezzell sold 8,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $69.91, for a total transaction of $559,280.00. Following the completion of the transaction, the director now owns 27,444 shares in the company, valued at $1,918,610.04. This trade represents a 22.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. StockNews.com raised shares of Ameris Bancorp from a "sell" rating to a "hold" rating in a research note on Thursday, October 31st. Stephens increased their price objective on shares of Ameris Bancorp from $64.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Monday, October 28th. Raymond James raised shares of Ameris Bancorp from a "market perform" rating to an "outperform" rating and set a $67.00 price objective for the company in a research note on Monday, October 28th. Keefe, Bruyette & Woods increased their price objective on shares of Ameris Bancorp from $70.00 to $80.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th. Finally, Truist Financial reduced their price objective on shares of Ameris Bancorp from $73.00 to $68.00 and set a "buy" rating for the company in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $69.17.

About Ameris Bancorp

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.