Ameris Bancorp Expected to Post Q2 2022 Earnings of $1.20 Per Share (NASDAQ:ABCB)

Ameris Bancorp (NASDAQ:ABCBGet Rating) – Stock analysts at DA Davidson issued their Q2 2022 earnings per share (EPS) estimates for Ameris Bancorp in a note issued to investors on Thursday, May 12th. DA Davidson analyst K. Fitzsimmons forecasts that the bank will post earnings per share of $1.20 for the quarter. DA Davidson also issued estimates for Ameris Bancorp’s FY2022 earnings at $4.86 EPS.

Ameris Bancorp (NASDAQ:ABCBGet Rating) last announced its quarterly earnings results on Tuesday, April 26th. The bank reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.09. The company had revenue of $259.50 million during the quarter, compared to analysts’ expectations of $238.97 million. Ameris Bancorp had a return on equity of 11.20% and a net margin of 31.99%. Ameris Bancorp’s revenue was down 8.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.66 EPS.

Several other research firms also recently issued reports on ABCB. Zacks Investment Research downgraded Ameris Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, March 30th. began coverage on shares of Ameris Bancorp in a report on Thursday, March 31st. They set a “hold” rating on the stock.

Ameris Bancorp stock opened at $42.50 on Friday. The stock has a 50-day moving average price of $43.59 and a two-hundred day moving average price of $48.51. Ameris Bancorp has a 12 month low of $39.67 and a 12 month high of $59.85. The company has a market capitalization of $2.95 billion, a PE ratio of 8.87 and a beta of 1.14. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 0.18.

The business also recently declared a quarterly dividend, which was paid on Friday, April 8th. Stockholders of record on Thursday, March 31st were paid a $0.15 dividend. The ex-dividend date was Wednesday, March 30th. This represents a $0.60 annualized dividend and a dividend yield of 1.41%. Ameris Bancorp’s payout ratio is 12.53%.

Several institutional investors have recently bought and sold shares of ABCB. Clearstead Advisors LLC acquired a new stake in Ameris Bancorp during the 3rd quarter valued at approximately $28,000. EverSource Wealth Advisors LLC bought a new position in Ameris Bancorp during the fourth quarter worth $29,000. Point72 Hong Kong Ltd raised its stake in Ameris Bancorp by 273.0% during the fourth quarter. Point72 Hong Kong Ltd now owns 731 shares of the bank’s stock worth $36,000 after buying an additional 535 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Ameris Bancorp by 42.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,109 shares of the bank’s stock valued at $55,000 after buying an additional 328 shares during the period. Finally, Dark Forest Capital Management LP bought a new stake in Ameris Bancorp during the third quarter valued at $59,000. 88.23% of the stock is currently owned by institutional investors.

About Ameris Bancorp (Get Rating)

Ameris Bancorp operates as the bank holding company for Ameris Bank that provides range of banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, North Carolina, and South Carolina. The company operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division, and Premium Finance Division.

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Earnings History and Estimates for Ameris Bancorp (NASDAQ:ABCB)

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