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

Ameris Bancorp (NASDAQ:ABCB) announced a quarterly dividend on Thursday, March 20th, RTT News reports. Stockholders 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 annualized dividend and a dividend yield of 1.40%.

Ameris Bancorp Stock Performance

Shares of ABCB 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 stock has a market cap of $3.96 billion, a PE ratio of 11.00 and a beta of 1.02. The business has a 50-day simple moving average of $63.15 and a 200-day simple moving average of $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.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Ameris Bancorp

In other Ameris Bancorp news, insider Douglas D. Strange acquired 1,000 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was bought at an average price of $56.95 per share, for a total transaction of $56,950.00. Following the acquisition, the insider now owns 19,403 shares in the company, valued at approximately $1,105,000.85. The trade was a 5.43 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 5.50% of the stock is currently owned by insiders.

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.