Ameris Bancorp (NASDAQ:ABCB) Declares Quarterly Dividend of $0.15

Ameris Bancorp (NASDAQ:ABCB) declared a quarterly dividend on Thursday, September 19th, NASDAQ reports. Investors of record on Monday, September 30th will be given a dividend of 0.15 per share by the bank on Monday, October 7th. This represents a $0.60 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Monday, September 30th.

Ameris Bancorp Stock Performance

NASDAQ ABCB opened at $61.32 on Friday. The firm has a 50-day moving average price of $59.85 and a two-hundred day moving average price of $52.58. Ameris Bancorp has a 12-month low of $34.26 and a 12-month high of $65.40. The company has a market capitalization of $4.24 billion, a P/E ratio of 14.92 and a beta of 1.02. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.30.

Ameris Bancorp (NASDAQ:ABCB) last issued its quarterly earnings results on Thursday, July 25th. The bank reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.03. Ameris Bancorp had a return on equity of 8.97% and a net margin of 19.28%. The business had revenue of $436.03 million during the quarter, compared to analysts’ expectations of $273.67 million. During the same period in the previous year, the company posted $0.91 earnings per share. Analysts anticipate that Ameris Bancorp will post 4.82 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. DA Davidson increased their target price on Ameris Bancorp from $61.00 to $76.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Truist Financial increased their price objective on shares of Ameris Bancorp from $69.00 to $73.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Stephens boosted their target price on shares of Ameris Bancorp from $52.00 to $64.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Ameris Bancorp from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Ameris Bancorp has a consensus rating of “Moderate Buy” and an average price target of $67.00.

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.