Ameris Bancorp (NASDAQ:ABCB) Declares $0.20 Quarterly Dividend

Ameris Bancorp (NASDAQ:ABCB) declared a quarterly dividend on Thursday, March 19th. Shareholders of record on Tuesday, March 31st will be given a dividend of 0.20 per share by the bank on Monday, April 6th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, March 31st.

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

Ameris Bancorp Stock Up 1.0%

Shares of NASDAQ:ABCB opened at $74.77 on Friday. The company has a market capitalization of $5.08 billion, a price-to-earnings ratio of 14.35 and a beta of 0.97. The company has a 50 day moving average of $80.25 and a two-hundred day moving average of $76.51. Ameris Bancorp has a 52-week low of $48.27 and a 52-week high of $87.98. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.11.

Ameris Bancorp (NASDAQ:ABCB) last posted its earnings results on Thursday, January 29th. The bank reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. The business had revenue of $309.92 million for the quarter, compared to analysts’ expectations of $310.48 million. Ameris Bancorp had a net margin of 21.46% and a return on equity of 9.57%. During the same period in the previous year, the company posted $1.38 earnings per share. As a group, analysts forecast that Ameris Bancorp will post 4.99 earnings per share for the current fiscal year.

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.