Ameris Bancorp (NASDAQ:ABCB) – Equities researchers at SunTrust Banks decreased their FY2017 earnings estimates for shares of Ameris Bancorp in a research report issued to clients and investors on Monday. SunTrust Banks analyst J. Demba now anticipates that the bank will earn $2.46 per share for the year, down from their previous forecast of $2.47. SunTrust Banks also issued estimates for Ameris Bancorp’s Q4 2017 earnings at $0.61 EPS, Q1 2018 earnings at $0.68 EPS, Q2 2018 earnings at $0.76 EPS, Q4 2018 earnings at $0.88 EPS, FY2018 earnings at $3.18 EPS and FY2019 earnings at $3.80 EPS.

A number of other analysts have also recently weighed in on ABCB. Keefe, Bruyette & Woods raised Ameris Bancorp from a “market perform” rating to an “outperform” rating in a research report on Monday. BidaskClub cut Ameris Bancorp from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Stephens reaffirmed a “buy” rating and set a $52.00 price target on shares of Ameris Bancorp in a research report on Thursday, September 28th. ValuEngine lowered Ameris Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Zacks Investment Research upgraded Ameris Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Ameris Bancorp currently has a consensus rating of “Hold” and a consensus target price of $52.25.

TRADEMARK VIOLATION NOTICE: This piece was first posted by Watch List News and is owned by of Watch List News. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of US & international copyright laws. The correct version of this piece can be read at https://www.watchlistnews.com/ameris-bancorp-abcb-forecasted-to-post-fy2017-earnings-of-2-46-per-share/1721776.html.

Shares of Ameris Bancorp (NASDAQ:ABCB) opened at $48.90 on Tuesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.07 and a quick ratio of 1.04. The firm has a market capitalization of $1,822.46, a price-to-earnings ratio of 19.74 and a beta of 1.19. Ameris Bancorp has a 52-week low of $41.05 and a 52-week high of $51.28.

Ameris Bancorp (NASDAQ:ABCB) last issued its quarterly earnings results on Thursday, October 19th. The bank reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). The company had revenue of $93.85 million during the quarter, compared to analysts’ expectations of $96.89 million. Ameris Bancorp had a return on equity of 12.12% and a net margin of 21.57%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Ameris Bancorp by 2.6% in the second quarter. Vanguard Group Inc. now owns 2,588,877 shares of the bank’s stock valued at $124,784,000 after purchasing an additional 65,815 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Ameris Bancorp by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,559,197 shares of the bank’s stock worth $75,154,000 after buying an additional 25,010 shares during the last quarter. State Street Corp increased its holdings in Ameris Bancorp by 7.3% during the second quarter. State Street Corp now owns 1,258,947 shares of the bank’s stock worth $60,687,000 after buying an additional 85,137 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Ameris Bancorp by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 1,217,548 shares of the bank’s stock worth $58,686,000 after buying an additional 20,713 shares during the last quarter. Finally, Kennedy Capital Management Inc. increased its holdings in Ameris Bancorp by 10.6% during the second quarter. Kennedy Capital Management Inc. now owns 609,227 shares of the bank’s stock worth $29,365,000 after buying an additional 58,456 shares during the last quarter. Institutional investors own 82.71% of the company’s stock.

In other Ameris Bancorp news, Director Leo J. Hill acquired 1,000 shares of the stock in a transaction dated Thursday, September 7th. The shares were bought at an average cost of $42.75 per share, for a total transaction of $42,750.00. Following the completion of the acquisition, the director now directly owns 16,629 shares of the company’s stock, valued at $710,889.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.63% of the stock is owned by company insiders.

Ameris Bancorp Company Profile

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.

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

Receive News & Ratings for Ameris Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameris Bancorp and related companies with Analyst Ratings Network's FREE daily email newsletter.