$0.66 EPS Expected for Ameris Bancorp (ABCB)

September 17, 2017 - By Richard Conner

 $0.66 EPS Expected for Ameris Bancorp (ABCB)
Investors sentiment decreased to 1.31 in 2016 Q4. Its down 0.24, from 1.55 in 2016Q3. It dropped, as 10 investors sold Ameris Bancorp shares while 51 reduced holdings. 32 funds opened positions while 48 raised stakes. 27.08 million shares or 3.13% less from 27.96 million shares in 2016Q3 were reported.
State Of Alaska Department Of Revenue owns 3,770 shares or 0.02% of their US portfolio. Hsbc Public Limited Co holds 0% of its portfolio in Ameris Bancorp (NASDAQ:ABCB) for 5,866 shares. Lba Wealth Mngmt Limited Co holds 0% or 15 shares in its portfolio. Jpmorgan Chase And Com reported 181,292 shares or 0% of all its holdings. Fincl Bank Of New York Mellon Corporation holds 0.01% of its portfolio in Ameris Bancorp (NASDAQ:ABCB) for 858,621 shares. Great West Life Assurance Can has 45,602 shares for 0.01% of their portfolio. Schwab Charles Inv Mngmt holds 0.01% of its portfolio in Ameris Bancorp (NASDAQ:ABCB) for 130,934 shares. Goldman Sachs accumulated 1.03M shares or 0.01% of the stock. Vanguard Group Inc Inc stated it has 0% in Ameris Bancorp (NASDAQ:ABCB). Castine Capital Mngmt Limited Liability Co owns 214,372 shares. Massachusetts-based Rhumbline Advisers has invested 0.01% in Ameris Bancorp (NASDAQ:ABCB). Delta Asset Limited Liability Tn stated it has 0% of its portfolio in Ameris Bancorp (NASDAQ:ABCB). Janney Montgomery Scott Ltd invested in 0.03% or 43,237 shares. Royal State Bank Of Canada stated it has 0% in Ameris Bancorp (NASDAQ:ABCB). Stephens Incorporated Ar accumulated 4,905 shares or 0.01% of the stock.

Since May 1, 2017, it had 2 insider purchases, and 5 sales for $3.48 million activity. 15,000 Ameris Bancorp (NASDAQ:ABCB) shares with value of $710,685 were sold by Zember Dennis J JR. EDWARDS JON S had sold 13,033 shares worth $615,504. 14,578 shares were sold by HORTMAN EDWIN W JR, worth $690,573 on Thursday, May 4. 5,204 shares valued at $245,767 were sold by Bassett Lawton E III on Thursday, May 4. 1,060 shares were bought by McCague Elizabeth A, worth $49,820 on Monday, May 8.

Wall Street await Ameris Bancorp (NASDAQ:ABCB) to release earnings on October, 16. Analysts forecast earnings per share of $0.66, up exactly $0.05 or 8.20 % from 2014’s $0.61 EPS. The expected ABCB’s profit could reach $24.51 million giving the stock 16.42 P/E in the case that $0.66 earnings per share is reported. After posting $0.63 EPS for the previous quarter, Ameris Bancorp’s analysts now forecast 4.76 % EPS growth. The stock increased 0.35% or $0.15 on September 15, reaching $43.35. About 479,900 shares traded or 193.32% up from the average. Ameris Bancorp (NASDAQ:ABCB) has risen 43.77% since September 17, 2016 and is uptrending. It has outperformed by 27.07% the S&P500.

Ameris Bancorp (NASDAQ:ABCB) Ratings Coverage

Among 7 analysts covering Ameris Bancorp (NASDAQ:ABCB), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Ameris Bancorp had 14 analyst reports since August 14, 2015 according to SRatingsIntel. On Friday, July 21 the stock rating was maintained by Piper Jaffray with “Hold”. The rating was maintained by Piper Jaffray on Wednesday, December 23 with “Overweight”. Keefe Bruyette & Woods downgraded the stock to “Market Perform” rating in Thursday, October 29 report. The rating was maintained by Wood on Wednesday, August 19 with “Buy”. Piper Jaffray downgraded the stock to “Neutral” rating in Tuesday, April 26 report. The rating was maintained by Stephens with “Buy” on Friday, July 21. On Monday, August 24 the stock rating was downgraded by Zacks to “Hold”. Cowen & Co maintained the shares of ABCB in report on Monday, November 2 with “Outperform” rating. The rating was upgraded by Zacks on Tuesday, August 18 to “Sell”. The stock of Ameris Bancorp (NASDAQ:ABCB) has “Hold” rating given on Tuesday, September 27 by Sandler O’Neill.

Ameris Bancorp is a financial holding company. The company has market cap of $1.61 billion. The Company’s business is conducted through its banking subsidiary, Ameris Bank , which provides a range of banking services to its retail and commercial customers. It has a 18.62 P/E ratio. The Firm operates through four divisions: the Banking Division, the Retail Mortgage Division, the Warehouse Lending Division and the SBA Division.

More important recent Ameris Bancorp (NASDAQ:ABCB) news were published by: Seekingalpha.com which released: “Ameris’ (ABCB) CEO Ed Hortman on Q1 2017 Results – Earnings Call Transcript” on April 21, 2017, also Prnewswire.com published article titled: “Ameris Bancorp Announces Highly Accretive Joint Venture With USPF and an …”, Prnewswire.com published: “Ameris Bancorp Announces 2016 Financial Results” on January 20, 2017. More interesting news about Ameris Bancorp (NASDAQ:ABCB) was released by: Jaxdailyrecord.com and their article: “Ameris Bancorp optimist about growth potential” with publication date: January 30, 2017.

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