News coverage about Ameris Bancorp (NASDAQ:ABCB) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ameris Bancorp earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 46.4512978076327 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Ameris Bancorp (ABCB) to Release Earnings on Thursday (americanbankingnews.com)
- Q1 2018 Earnings Forecast for Ameris Bancorp Issued By SunTrust Banks (ABCB) (americanbankingnews.com)
- SunTrust Banks Research Analysts Raise Earnings Estimates for Ameris Bancorp (ABCB) (americanbankingnews.com)
- Ameris Bancorp (ABCB) Lowered to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Report: Developing Opportunities within Kronos Worldwide, Emerge Energy Services LP, Achaogen, Ameris, Forward Air, and Northwest Bancshares — Future Expectations, Projections Moving into 2018 (finance.yahoo.com)
Ameris Bancorp (ABCB) opened at $53.40 on Friday. The company has a market cap of $1,956.49, a price-to-earnings ratio of 23.52 and a beta of 1.20. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.07 and a quick ratio of 1.04. Ameris Bancorp has a 12 month low of $41.05 and a 12 month high of $53.45.
Ameris Bancorp (NASDAQ:ABCB) last posted its quarterly earnings results on Thursday, October 19th. The bank reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.02). The business had revenue of $93.85 million during the quarter, compared to analyst estimates of $96.89 million. Ameris Bancorp had a return on equity of 12.12% and a net margin of 21.57%. sell-side analysts forecast that Ameris Bancorp will post 2.48 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Friday, December 29th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.40 annualized dividend and a dividend yield of 0.75%. Ameris Bancorp’s dividend payout ratio (DPR) is currently 17.62%.
Several equities analysts have commented on ABCB shares. ValuEngine downgraded shares of Ameris Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Piper Jaffray Companies set a $48.00 price target on shares of Ameris Bancorp and gave the stock a “hold” rating in a research note on Friday, October 6th. BidaskClub downgraded shares of Ameris Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $52.00 price target on shares of Ameris Bancorp in a research note on Thursday, October 26th. Finally, Zacks Investment Research upgraded shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Ameris Bancorp currently has an average rating of “Buy” and a consensus target price of $53.00.
In other news, insider James A. Lahaise sold 14,200 shares of Ameris Bancorp stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $46.58, for a total transaction of $661,436.00. Following the completion of the sale, the insider now directly owns 73,986 shares of the company’s stock, valued at approximately $3,446,267.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.63% of the stock is currently owned by insiders.
About Ameris Bancorp
Ameris Bancorp is a financial holding company. The Company’s business is conducted through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. The Company operates through four segments: the Banking Division, the Retail Mortgage Division, the Warehouse Lending Division and the SBA Division.
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