Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Ameris Bancorp (ABCB) Share Price

News coverage about Ameris Bancorp (NASDAQ:ABCB) has trended somewhat positive on Thursday, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ameris Bancorp earned a news impact score of 0.20 on Accern’s scale. Accern also gave news articles about the bank an impact score of 45.674526557115 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media stories that may have effected Accern’s rankings:

Ameris Bancorp (NASDAQ ABCB) opened at $49.00 on Thursday. The stock has a market capitalization of $1,841.07, a P/E ratio of 19.94 and a beta of 1.19. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.07. Ameris Bancorp has a 52 week low of $41.05 and a 52 week high of $51.30.

Ameris Bancorp (NASDAQ:ABCB) last posted its quarterly 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). Ameris Bancorp had a return on equity of 12.12% and a net margin of 21.57%. The business had revenue of $93.85 million during the quarter, compared to the consensus estimate of $96.89 million. research analysts predict that Ameris Bancorp will post 2.48 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders 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 dividend yield of 0.82%. Ameris Bancorp’s dividend payout ratio (DPR) is 17.62%.

A number of brokerages have weighed in on ABCB. Zacks Investment Research raised Ameris Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Keefe, Bruyette & Woods upgraded Ameris Bancorp from a “market perform” rating to an “outperform” rating in a research note on Monday, November 20th. BidaskClub upgraded Ameris Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday. Piper Jaffray Companies set a $50.00 price target on Ameris Bancorp and gave the company a “hold” rating in a research note on Monday, October 23rd. Finally, ValuEngine downgraded Ameris Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $52.25.

In other news, insider James A. Lahaise sold 14,200 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $46.58, for a total transaction of $661,436.00. Following the sale, the insider now directly owns 73,986 shares of the company’s stock, valued at approximately $3,446,267.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.63% of the stock is owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for Ameris Bancorp (NASDAQ:ABCB)

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