Ameris Bancorp (ABCB) to Issue Quarterly Dividend of $0.20 on January 5th

Ameris Bancorp (NASDAQ:ABCB) declared a quarterly dividend on Monday, December 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of 0.20 per share by the bank on Monday, January 5th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, December 31st.

Ameris Bancorp has increased its dividend by an average of 0.1%annually over the last three years.

Ameris Bancorp Price Performance

Shares of NASDAQ:ABCB opened at $76.07 on Monday. The stock has a market capitalization of $5.20 billion, a P/E ratio of 14.60 and a beta of 1.00. The business has a 50-day moving average of $74.81 and a two-hundred day moving average of $71.45. Ameris Bancorp has a fifty-two week low of $48.27 and a fifty-two week high of $78.99. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.02 and a quick ratio of 1.00.

Ameris Bancorp declared that its board has approved a share buyback plan on Monday, October 20th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the bank to reacquire up to 4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Ameris Bancorp Company Profile

Ameris Bancorp is a bank holding company headquartered in Atlanta, Georgia. Through its principal subsidiary, Ameris Bank, the company offers a broad range of commercial and retail banking services to individuals, small businesses, middle market companies and agricultural customers. Its core business lines encompass deposit services, lending solutions, treasury management, mortgage origination and servicing, insurance products and wealth management.

Ameris Bancorp operates a network of branches and loan production offices across the southeastern United States, including Georgia, Alabama, Florida, North Carolina, South Carolina and Tennessee.