Ameris Bancorp Announces Quarterly Dividend of $0.20 (NYSE:ABCB)

Ameris Bancorp (NYSE:ABCB) announced a quarterly dividend on Monday, September 14th. Stockholders of record on Wednesday, September 30th will be paid a dividend of 0.20 per share by the bank on Monday, October 5th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, September 30th.

Ameris Bancorp has raised its dividend by an average of 0.1%per year over the last three years.

Ameris Bancorp Stock Down 0.1%

NYSE:ABCB opened at $84.75 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.02 and a current ratio of 1.04. The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 15.33 and a beta of 0.91. Ameris Bancorp has a one year low of $68.80 and a one year high of $93.22. The stock has a 50-day simple moving average of $87.58 and a 200 day simple moving average of $84.70.

Ameris Bancorp (NYSE:ABCB) last announced its quarterly earnings data on Thursday, July 23rd. The bank reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by ($0.06). The firm had revenue of $317.78 million for the quarter, compared to analyst estimates of $323.78 million. Ameris Bancorp had a net margin of 21.98% and a return on equity of 10.62%. During the same quarter in the previous year, the company earned $1.59 EPS. Sell-side analysts predict that Ameris Bancorp will post 6.58 EPS for the current fiscal year.

About Ameris Bancorp

Ameris Bancorp is the bank holding company for Ameris Bank, a full-service community bank headquartered in Atlanta, Georgia. Through its banking subsidiary, the company provides financial products and services to individuals, families, businesses and institutions.

Ameris Bank offers deposit accounts, commercial and consumer loans, residential mortgages, home equity financing, treasury management and payment services. The bank also provides wealth management, investment and insurance-related services, along with digital and mobile banking capabilities.

Founded in 1971, Ameris Bank serves communities primarily across the southeastern United States, including Georgia, Alabama, Florida, South Carolina and North Carolina.