Ameris Bancorp (ABCB) Receives Media Impact Rating of 0.13
News coverage about Ameris Bancorp (NASDAQ:ABCB) has been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ameris Bancorp earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 46.4512978076327 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- Ameris Bancorp (ABCB) to Release Earnings on Thursday (americanbankingnews.com)
- Q1 2018 Earnings Forecast for Ameris Bancorp Issued By SunTrust Banks (ABCB) (americanbankingnews.com)
- SunTrust Banks Research Analysts Raise Earnings Estimates for Ameris Bancorp (ABCB) (americanbankingnews.com)
- Ameris Bancorp (ABCB) Lowered to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Report: Developing Opportunities within Kronos Worldwide, Emerge Energy Services LP, Achaogen, Ameris, Forward Air, and Northwest Bancshares — Future Expectations, Projections Moving into 2018 (finance.yahoo.com)
A number of equities research analysts recently weighed in on ABCB shares. Stephens reissued a “buy” rating and issued a $52.00 price target on shares of Ameris Bancorp in a research report on Thursday, September 28th. Piper Jaffray Companies reissued a “neutral” rating and issued a $47.50 price target on shares of Ameris Bancorp in a research report on Thursday, October 5th. Zacks Investment Research raised shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $52.00 price target on shares of Ameris Bancorp in a research report on Thursday, October 26th. Finally, ValuEngine cut shares of Ameris Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $53.00.
Shares of Ameris Bancorp (ABCB) opened at $53.40 on Friday. Ameris Bancorp has a 1 year low of $41.05 and a 1 year high of $53.45. The firm has a market cap of $1,956.49, a price-to-earnings ratio of 23.52 and a beta of 1.20. The company has a quick ratio of 1.04, a current ratio of 1.07 and a debt-to-equity ratio of 1.11.
Ameris Bancorp (NASDAQ:ABCB) last announced its earnings results on Thursday, October 19th. The bank reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). Ameris Bancorp had a net margin of 21.57% and a return on equity of 12.12%. The business had revenue of $93.85 million during the quarter, compared to analysts’ expectations of $96.89 million. equities analysts predict that Ameris Bancorp will post 2.48 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Friday, December 29th were issued a $0.10 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.75%. Ameris Bancorp’s payout ratio is 17.62%.
In other news, insider James A. Lahaise sold 14,200 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $46.58, for a total value of $661,436.00. Following the completion of the sale, the insider now directly owns 73,986 shares of the company’s stock, valued at $3,446,267.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.63% of the stock is currently owned by corporate insiders.
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About Ameris Bancorp
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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