Ameris Bancorp (ABCB) To Go Ex-Dividend on September 28th
Ameris Bancorp (NASDAQ:ABCB) declared a quarterly dividend on Friday, September 9th. Shareholders of record on Friday, September 30th will be given a dividend of 0.10 per share on Tuesday, October 11th. This represents a $0.40 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Wednesday, September 28th. This is a boost from Ameris Bancorp’s previous quarterly dividend of $0.05.
Shares of Ameris Bancorp (NASDAQ:ABCB) opened at 35.46 on Friday. The company has a market cap of $1.24 billion, a P/E ratio of 19.03 and a beta of 1.29. The stock’s 50 day moving average price is $34.44 and its 200-day moving average price is $31.39. Ameris Bancorp has a 12 month low of $24.96 and a 12 month high of $36.20.
Ameris Bancorp (NASDAQ:ABCB) last announced its quarterly earnings results on Friday, July 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. Ameris Bancorp had a return on equity of 12.02% and a net margin of 19.56%. Equities research analysts expect that Ameris Bancorp will post $2.12 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Ameris Bancorp by 95.9% in the second quarter. BlackRock Inc. now owns 4,042 shares of the company’s stock worth $121,000 after buying an additional 1,979 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in Ameris Bancorp by 12.7% in the second quarter. Parametric Portfolio Associates LLC now owns 11,969 shares of the company’s stock worth $355,000 after buying an additional 1,351 shares in the last quarter. Arizona State Retirement System increased its position in Ameris Bancorp by 2.1% in the second quarter. Arizona State Retirement System now owns 14,500 shares of the company’s stock worth $431,000 after buying an additional 300 shares in the last quarter. BlackRock Advisors LLC increased its position in Ameris Bancorp by 7.5% in the second quarter. BlackRock Advisors LLC now owns 15,450 shares of the company’s stock worth $459,000 after buying an additional 1,078 shares in the last quarter. Finally, A.R.T. Advisors LLC purchased a new position in Ameris Bancorp during the second quarter worth $506,000. 80.12% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have weighed in on the company. Zacks Investment Research raised Ameris Bancorp from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a report on Tuesday, July 26th. Keefe, Bruyette & Woods lifted their target price on Ameris Bancorp from $31.00 to $35.00 and gave the company a “market perform” rating in a report on Monday, July 25th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $32.90.
Ameris Bancorp Company Profile
Ameris Bancorp is a financial holding company. The Company’s business is conducted through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. The Company operates through four segments: the Banking Division, the Retail Mortgage Division, the Warehouse Lending Division and the SBA Division.
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