Ameris BancorpABCB
ABCB
About: Ameris Bancorp is a bank holding company that operates through Ameris Bank, its subsidiary. The company operates branches in Georgia, Alabama, Florida, and South Carolina. It offers traditional banking services such as business banking, personal banking, checking, savings, mobile banking, and others. The bank is organized into five segments: banking, retail mortgage, warehouse lending, SBA, and premium finance. The company generates most of its revenue from the banking segment. Ameris intends to acquire banks in its geographic region to increase its market share and expand beyond its current market.
Employees: 2,765
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
88% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 26
84% more call options, than puts
Call options by funds: $287K | Put options by funds: $156K
33% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 4 (+1) [Q3]
22% more capital invested
Capital invested by funds: $3.18B [Q2] → $3.86B (+$685M) [Q3]
11% more repeat investments, than reductions
Existing positions increased: 105 | Existing positions reduced: 95
9% more funds holding
Funds holding: 269 [Q2] → 292 (+23) [Q3]
1.74% less ownership
Funds ownership: 91.65% [Q2] → 89.91% (-1.74%) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$67
7%
upside
Avg. target
$72
14%
upside
High target
$80
27%
upside
3 analyst ratings
2 positive
67%
1 neutral
33%
0 negative
0%
Keefe, Bruyette & Woods Catherine Mealor 69% 1-year accuracy 24 / 35 met price target | 27%upside $80 | Outperform Maintained | 4 Dec 2024 |
Stephens & Co. Tyler Stafford 0 / 0 met price target | 7%upside $67 | Equal-Weight Maintained | 28 Oct 2024 |
Truist Securities Brandon King 93% 1-year accuracy 51 / 55 met price target | 8%upside $68 | Buy Maintained | 28 Oct 2024 |
Financial journalist opinion
Based on 3 articles about ABCB published over the past 30 days
Positive
Zacks Investment Research
1 day ago
Ameris Bancorp Rewards Shareholders With a 33.3% Dividend Hike
ABCB announces a 33.3% hike in its quarterly dividend to 20 cents per share. A solid liquidity and capital position will help sustain capital distributions.
Neutral
Business Wire
2 days ago
Ameris Bancorp Announces Increase in Quarterly Dividend
ATLANTA--(BUSINESS WIRE)--The board of directors of Ameris Bancorp (NYSE: ABCB) (the “Company”) has declared a dividend of $0.20 per share of the Company's common stock, which represents an increase of $0.05, or 33.3%, per share compared with the previous quarterly dividend of $0.15 per share. The common stock dividend is payable on January 6, 2025, to shareholders of record as of December 31, 2024. About Ameris Bancorp Ameris Bancorp is the parent of Ameris Bank, a state-chartered bank headqua.
Neutral
PRNewsWire
1 week ago
Waste-to-Value Pioneer Nexus W2V Secures $140MM Investment & Announces Construction of Flagship RNG Facility in Indiana
The company plans to roll out cost-competitive waste remediation solutions to communities across North America, beginning in Indiana CHICAGO , Dec. 10, 2024 /PRNewswire/ -- Nexus W2V , a leading developer of waste-to-value infrastructure projects, announced the closing of an anchor $75 million structured equity commitment from Orion Infrastructure Capital ("OIC"). With additional investment from Nexus Holdings, Khasma Capital , Sterling Bank and Ameris Bank , Nexus W2V has issued notice to proceed with the construction of its flagship facility, the Kingsbury Bioenergy Complex in La Porte, Indiana, which will turn source-separated organics into renewable natural gas (RNG).
Neutral
Business Wire
1 month ago
Emily Dawkins Named as Florida President of Ameris Bank
ATLANTA--(BUSINESS WIRE)--Ameris Bank announced today that Emily Dawkins has joined the company as Florida president of Ameris Bank. In this role, Dawkins will be responsible for the continued development and expansion of Ameris Bank's presence throughout Florida, while also accelerating the bank's commitment to commercial and individual customers through its expansive commercial lending, treasury and traditional banking offerings. Dawkins replaces Brian Parks, who has been promoted to head of.
Neutral
Business Wire
1 month ago
Ameris Bank Names Brian Parks Head of Wholesale Banking
ATLANTA--(BUSINESS WIRE)--Ameris Bank has promoted Brian Parks to the newly created role of head of Wholesale Banking, reporting to Ameris Bank President Lawton Bassett. Parks will be based in Atlanta and oversee Treasury Management, Industry Specialty Banking, Commercial Real Estate & Capital Markets, and Corporate Banking, as well as the metro Atlanta market. Parks joined Ameris in 2020 as regional president covering the majority of the company's Florida markets spanning from Jacksonville.
Neutral
Seeking Alpha
1 month ago
Ameris Bancorp (ABCB) Q3 2024 Earnings Call Transcript
Ameris Bancorp (NYSE:ABCB ) Q3 2024 Earnings Conference Call October 25, 2024 9:00 AM ET Company Participants Nicole Stokes - CFO Palmer Proctor - CEO Doug Strange - CCO Conference Call Participants Will Jones - KBW Christopher Marinac - Janney Russell Gunther - Stephens Manuel Navas - D.A. Davidson David Feaster - Raymond James Brandon King - Truist Securities Operator Good day, and welcome to the Ameris Bancorp Third Quarter Earnings Conference Call.
Positive
Zacks Investment Research
1 month ago
Ameris Bancorp (ABCB) Reports Q3 Earnings: What Key Metrics Have to Say
The headline numbers for Ameris Bancorp (ABCB) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Positive
Zacks Investment Research
1 month ago
Ameris Bancorp (ABCB) Q3 Earnings Top Estimates
Ameris Bancorp (ABCB) came out with quarterly earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $1.16 per share a year ago.
Neutral
Business Wire
1 month ago
Ameris Bancorp Announces Financial Results for Third Quarter 2024
ATLANTA--(BUSINESS WIRE)--Ameris Bancorp (NYSE: ABCB) (the “Company”) today reported net income of $99.2 million, or $1.44 per diluted share, for the quarter ended September 30, 2024, compared with $80.1 million, or $1.16 per diluted share, for the quarter ended September 30, 2023. Excluding the gain on sale of MSRs and natural disaster expenses, adjusted net income(1) was $95.2 million, or $1.38 per diluted share, for the quarter ended September 30, 2024, compared with $80.1 million, or $1.16.
Neutral
Zacks Investment Research
1 month ago
Ameris Bancorp (ABCB) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Evaluate the expected performance of Ameris Bancorp (ABCB) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
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