Ameris Bancorp (NASDAQ:ABCB) Plans Quarterly Dividend of $0.20

Ameris Bancorp (NASDAQ:ABCB) announced a quarterly dividend on Thursday, June 18th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.20 per share by the bank on Monday, July 6th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Tuesday, June 30th.

Ameris Bancorp has raised its dividend payment by an average of 0.1%per year over the last three years.

Ameris Bancorp Stock Performance

Shares of Ameris Bancorp stock opened at $87.65 on Friday. The business has a 50-day simple moving average of $84.87 and a 200 day simple moving average of $80.87. Ameris Bancorp has a one year low of $60.53 and a one year high of $90.00. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.02 and a quick ratio of 1.00. The firm has a market capitalization of $5.90 billion, a price-to-earnings ratio of 16.82 and a beta of 0.91.

Ameris Bancorp (NASDAQ:ABCB) last announced its quarterly earnings results on Thursday, April 23rd. The bank reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.09. Ameris Bancorp had a return on equity of 9.57% and a net margin of 21.46%.The business had revenue of $314.36 million for the quarter, compared to analyst estimates of $309.58 million. During the same quarter in the prior year, the company earned $1.28 earnings per share. On average, research analysts anticipate that Ameris Bancorp will post 4.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Truist Financial upped their target price on Ameris Bancorp from $85.00 to $89.00 and gave the stock a “hold” rating in a research report on Monday, April 27th. Raymond James Financial restated an “outperform” rating and set a $92.00 price target on shares of Ameris Bancorp in a research note on Monday, April 27th. DA Davidson boosted their price target on shares of Ameris Bancorp from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, Stephens upped their price objective on shares of Ameris Bancorp from $87.00 to $90.00 and gave the stock an “equal weight” rating in a report on Monday, April 27th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.17.

About Ameris Bancorp

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.