Ameris Bancorp (NASDAQ:ABCB – Get Free Report) declared a quarterly dividend on Thursday, June 6th, Wall Street Journal reports. Shareholders of record on Sunday, June 30th will be given a dividend of 0.15 per share by the bank on Monday, July 8th. This represents a $0.60 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Friday, June 28th.
Ameris Bancorp has a dividend payout ratio of 12.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ameris Bancorp to earn $4.89 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 12.3%.
Ameris Bancorp Stock Up 0.4 %
Shares of ABCB stock traded up $0.18 during trading hours on Wednesday, hitting $48.16. 24,512 shares of the company were exchanged, compared to its average volume of 347,019. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.02 and a current ratio of 1.04. Ameris Bancorp has a one year low of $33.21 and a one year high of $53.99. The business’s 50-day simple moving average is $48.22 and its two-hundred day simple moving average is $48.57. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 11.67 and a beta of 1.06.
Analyst Ratings Changes
A number of research firms recently commented on ABCB. StockNews.com upgraded shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Stephens restated an “equal weight” rating and set a $53.00 target price on shares of Ameris Bancorp in a report on Friday, April 26th. Piper Sandler increased their target price on shares of Ameris Bancorp from $55.00 to $57.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. Finally, Truist Financial cut their target price on shares of Ameris Bancorp from $60.00 to $54.00 and set a “buy” rating for the company in a research report on Monday, April 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.
Check Out Our Latest Stock Report on ABCB
About Ameris Bancorp
Ameris Bancorp operates as the bank holding company for Ameris Bank that provides range of banking services to retail and commercial customers. It operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division, and Premium Finance Division. The company offers commercial and retail checking, regular interest-bearing savings, money market, individual retirement, and certificates of deposit accounts.
Read More
- Five stocks we like better than Ameris Bancorp
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- General Mills Q4 Sales Miss Expectations, Triggering Stock Drop
- How to Invest in Tech StocksĀ and Top Tech Stocks to Consider
- Enovix Stock Rises 35% in Short-Squeeze: This Rally Has Legs
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- FedEx Stock Can Deliver a Fresh All-Time High This Year
Receive News & Ratings for Ameris Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameris Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.