Ameris Bancorp (NASDAQ:ABCB – Get Free Report) released its earnings results on Thursday. The bank reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.03, Briefing.com reports. Ameris Bancorp had a return on equity of 9.07% and a net margin of 19.28%. The company had revenue of $436.03 million during the quarter, compared to the consensus estimate of $273.67 million. During the same quarter in the previous year, the company posted $0.91 EPS.
Ameris Bancorp Stock Up 2.1 %
Shares of NASDAQ:ABCB opened at $62.17 on Friday. The stock’s 50-day moving average is $50.98 and its 200 day moving average is $49.08. The company has a market cap of $4.30 billion, a PE ratio of 13.53 and a beta of 1.04. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.04 and a quick ratio of 1.02. Ameris Bancorp has a 1 year low of $34.26 and a 1 year high of $63.80.
Ameris Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, July 8th. Investors of record on Sunday, June 30th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.97%. Ameris Bancorp’s payout ratio is presently 14.60%.
Analyst Upgrades and Downgrades
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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.
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