Ameris Bancorp (NASDAQ:ABCB – Get Free Report) announced a quarterly dividend on Thursday, June 6th, Wall Street Journal reports. Investors 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 annualized dividend and a yield of 1.24%. The ex-dividend date is Friday, June 28th.
Ameris Bancorp has a dividend payout ratio of 12.3% meaning 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 Performance
NASDAQ ABCB traded up $0.26 during trading hours on Wednesday, hitting $48.24. The company’s stock had a trading volume of 20,287 shares, compared to its average volume of 346,996. Ameris Bancorp has a 12 month low of $33.21 and a 12 month high of $53.99. The company’s 50 day simple moving average is $48.22 and its two-hundred day simple moving average is $48.57. The company has a market cap of $3.33 billion, a P/E ratio of 11.67 and a beta of 1.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.04 and a quick ratio of 1.02.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the company. Piper Sandler boosted their price target on Ameris Bancorp from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. Truist Financial cut their price target on Ameris Bancorp from $60.00 to $54.00 and set a “buy” rating for the company in a research note on Monday, April 1st. StockNews.com upgraded Ameris Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Finally, Stephens restated an “equal weight” rating and set a $53.00 price target on shares of Ameris Bancorp in a research note on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.
Get Our Latest Analysis 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.
Featured Articles
- Five stocks we like better than Ameris Bancorp
- Stock Market Sectors: What Are They and How Many Are There?
- General Mills Q4 Sales Miss Expectations, Triggering Stock Drop
- What is the Australian Securities Exchange (ASX)
- Enovix Stock Rises 35% in Short-Squeeze: This Rally Has Legs
- How to Invest in Biotech Stocks
- 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.