Ameris Bancorp (ABCB) Earns Daily News Impact Score of 0.10
News coverage about Ameris Bancorp (NASDAQ:ABCB) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ameris Bancorp earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave media stories about the bank an impact score of 46.2757209447705 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Ameris Bancorp (ABCB) Upgraded by BidaskClub to “Hold” (americanbankingnews.com)
- Ameris Bancorp to Issue Quarterly Dividend of $0.10 (ABCB) (americanbankingnews.com)
- Analysts Expect Ameris Bancorp (ABCB) Will Announce Quarterly Sales of $97.72 Million (americanbankingnews.com)
- Analysts Expect Ameris Bancorp (ABCB) Will Post Earnings of $0.63 Per Share (americanbankingnews.com)
- Ameris Bancorp announces end of FDIC consent order (moultrieobserver.com)
Ameris Bancorp (ABCB) opened at $49.15 on Tuesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.07. The firm has a market capitalization of $1,830.00, a PE ratio of 21.84 and a beta of 1.19. Ameris Bancorp has a twelve month low of $41.05 and a twelve month high of $51.30.
Ameris Bancorp (NASDAQ:ABCB) last posted its earnings results on Thursday, October 19th. The bank reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.02). The business had revenue of $93.85 million for the quarter, compared to the consensus estimate of $96.89 million. Ameris Bancorp had a return on equity of 12.12% and a net margin of 21.57%. equities analysts predict that Ameris Bancorp will post 2.48 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.40 annualized dividend and a yield of 0.81%. Ameris Bancorp’s dividend payout ratio is presently 17.78%.
Several research analysts have recently issued reports on ABCB shares. Zacks Investment Research upgraded Ameris Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Stephens restated a “buy” rating and issued a $52.00 price target on shares of Ameris Bancorp in a research report on Thursday, September 28th. Piper Jaffray Companies restated a “neutral” rating and issued a $47.50 price target on shares of Ameris Bancorp in a research report on Thursday, October 5th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $52.00 price target on shares of Ameris Bancorp in a research report on Thursday, October 26th. Finally, ValuEngine lowered Ameris Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $52.25.
In other Ameris Bancorp news, insider James A. Lahaise sold 14,200 shares of Ameris Bancorp stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $46.58, for a total transaction of $661,436.00. Following the transaction, the insider now directly owns 73,986 shares in the company, valued at $3,446,267.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 3.63% of the company’s stock.
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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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