Ameris Bancorp (ABCB) Stock Price, News & Analysis

Company Overview

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. It also provides commercial real estate, residential real estate mortgage, agricultural, and commercial and industrial loans; consumer loans, including motor vehicle, home improvement, and home equity loans, as well as loans secured by savings accounts and personal credit lines. In addition, the company originates, administers, and services commercial insurance premium loans, equipment finance loans, and small business administration loans. It operates full service domestic banking offices, and mortgage and loan production offices. The company was founded in 1971 and is headquartered in Atlanta, Georgia.

Key Stats

• Today's Range: $68.64 to $70.33
• 50-Day Range: $58.95 to $71.17
• 52-Week Range: $40.71 to $72.68
• Volume: 400,422 shs
• Average Volume: 365,429 shs
• Market Capitalization: $4.81 billion
• P/E Ratio: 14.51
• Dividend Yield: 0.86%
• Price Target: $66.67
• Consensus Rating: Moderate Buy

Ameris Bancorp Stock Analysis - MarketRank™

Ameris Bancorp scored higher than 43% of companies evaluated by MarketBeat, and ranked 719th out of 963 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Ameris Bancorp has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Ameris Bancorp has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 3.11%

Earnings Growth

Earnings for Ameris Bancorp are expected to grow by 3.11% in the coming year, from $4.83 to $4.98 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Ameris Bancorp is 14.51, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.85.

Price to Earnings Ratio vs. Sector

The P/E ratio of Ameris Bancorp is 14.51, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 28.47.

Price to Book Value per Share Ratio

Ameris Bancorp has a P/B Ratio of 1.31. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for ABCB.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Ameris Bancorp has a dividend yield of 0.86%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Ameris Bancorp does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Ameris Bancorp is 12.50%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Ameris Bancorp will have a dividend payout ratio of 12.05% next year. This indicates that Ameris Bancorp will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for ABCB.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.25

News Sentiment

Ameris Bancorp has a news sentiment score of 1.25. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.67 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Ameris Bancorp this week, compared to 3 articles on an average week.

MarketBeat Follows

Only 2 people have added Ameris Bancorp to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Ameris Bancorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $559,280.00 in company stock.

Percentage Held by Insiders

Only 5.50% of the stock of Ameris Bancorp is held by insiders.

Percentage Held by Institutions

91.64% of the stock of Ameris Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ABCB Stock Analysis - Frequently Asked Questions

How have ABCB shares performed this year?

Ameris Bancorp's stock was trading at $53.05 on January 1st, 2024. Since then, ABCB shares have increased by 31.3% and is now trading at $69.63.
View the best growth stocks for 2024 here.

How were Ameris Bancorp's earnings last quarter?

Ameris Bancorp (NASDAQ:ABCB) released its quarterly earnings results on Thursday, October, 24th. The bank reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.25 by $0.13. The bank earned $424.86 million during the quarter, compared to analysts' expectations of $290.60 million. Ameris Bancorp had a trailing twelve-month return on equity of 9.18% and a net margin of 20.08%.

Does Ameris Bancorp have any subsidiaries?

The following companies are subsidiaries of Ameris Bancorp: Atlantic Coast Financial.

Who are Ameris Bancorp's major shareholders?

Top institutional shareholders of Ameris Bancorp include Wellington Management Group LLP (5.16%), State Street Corp (4.70%), Geode Capital Management LLC (2.18%) and Principal Financial Group Inc. (1.83%). Insiders that own company stock include H Palmer Proctor Jr, James A Lahaise, Jimmy D Veal, Jon S Edwards, Nicole S Stokes, William D Mckendry, Robert Dale Ezzell, William I Jr Bowen and William Millard Choate.
View institutional ownership trends.

How do I buy shares of Ameris Bancorp?

Shares of ABCB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Ameris Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Ameris Bancorp investors own include DiamondRock Hospitality (DRH), Waste Connections (WCN), American Water Works (AWK), AUO (AUOTY), The RMR Group (RMR), iShares Micro-Cap ETF (IWC) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Ex-Dividend for 10/7 Dividend: 9/30/2024
• Dividend Payable: 10/07/2024
• Last Earnings: 10/24/2024
• Today: 11/16/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/23/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:ABCB
• CUSIP: 03076K10
• CIK: 351569
• Web: www.amerisbank.com
• Phone: (229) 890-1111
• Fax: 229-890-2235
• Employees: 2,765
• Year Founded: 1971

Price Target and Rating

• Average Stock Price Target: $66.67
• High Stock Price Target: $76.00
• Low Stock Price Target: $57.00
• Potential Upside/Downside: -4.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.83
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.80
• Trailing P/E Ratio: 14.51
• Forward P/E Ratio: 14.42
• P/E Growth: N/A
• Net Income: $269.11 million
• Net Margins: 20.08%
• Pretax Margin: 26.77%
• Return on Equity: 9.18%
• Return on Assets: 1.25%

Debt

• Debt-to-Equity Ratio: 0.13
• Current Ratio: 1.03
• Quick Ratio: 1.01

Sales & Book Value

• Annual Sales: $1.08 billion
• Price / Sales: 4.47
• Cash Flow: $4.74 per share
• Price / Cash Flow: 14.69
• Book Value: $53.30 per share
• Price / Book: 1.31

Miscellaneous

• Outstanding Shares: 69,067,000
• Free Float: 65,268,000
• Market Cap: $4.81 billion
• Optionable: Optionable
• Beta: 1.01