Ameris Bancorp (NASDAQ:ABCB) Declares Quarterly Dividend of $0.20

Ameris Bancorp (NASDAQ:ABCB) announced a quarterly dividend on Thursday, March 20th, RTT News reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.20 per share by the bank on Monday, April 7th. This represents a $0.80 dividend on an annualized basis and a yield of 1.40%.

Ameris Bancorp Price Performance

Ameris Bancorp stock opened at $57.32 on Friday. Ameris Bancorp has a 52-week low of $44.23 and a 52-week high of $74.56. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 11.00 and a beta of 1.02. The firm’s fifty day moving average is $63.15 and its 200 day moving average is $63.97. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.11.

Insider Activity

In other Ameris Bancorp news, insider Douglas D. Strange purchased 1,000 shares of the stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $56.95 per share, with a total value of $56,950.00. Following the completion of the acquisition, the insider now owns 19,403 shares in the company, valued at $1,105,000.85. The trade was a 5.43 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 5.50% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on ABCB shares. Keefe, Bruyette & Woods lifted their price target on Ameris Bancorp from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Raymond James reiterated an “outperform” rating and issued a $71.00 target price (up previously from $67.00) on shares of Ameris Bancorp in a report on Monday, February 3rd. Finally, Stephens restated an “equal weight” rating and set a $71.00 price target on shares of Ameris Bancorp in a report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $70.50.

Ameris Bancorp Company Profile

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.