EPS for Ameris Bancorp (ABCB) Expected At $0.78

March 21, 2018 - By Lynda A. Deweese

 EPS for Ameris Bancorp (ABCB) Expected At $0.78
Investors sentiment decreased to 1.13 in 2017 Q3. Its down 0.33, from 1.46 in 2017Q2. It dropped, as 8 investors sold Ameris Bancorp shares while 53 reduced holdings. 16 funds opened positions while 53 raised stakes. 29.71 million shares or 0.36% less from 29.82 million shares in 2017Q2 were reported.
Envestnet Asset Management Inc reported 1,266 shares. Legal And General Grp Public Ltd Liability Com stated it has 0% of its portfolio in Ameris Bancorp (NASDAQ:ABCB). Metropolitan Life Ins Co reported 24,528 shares. Amalgamated Bank has invested 0.01% in Ameris Bancorp (NASDAQ:ABCB). Wisconsin-based 1492 Mgmt has invested 0.22% in Ameris Bancorp (NASDAQ:ABCB). Strs Ohio stated it has 0% in Ameris Bancorp (NASDAQ:ABCB). Riverhead Ltd Co invested in 3,819 shares. Millennium Ltd Com has invested 0% of its portfolio in Ameris Bancorp (NASDAQ:ABCB). 27,549 were reported by Nationwide Fund. Janney Montgomery Scott Limited Liability Corporation, a Pennsylvania-based fund reported 36,378 shares. Victory Capital Management Inc reported 4,372 shares or 0% of all its holdings. Ubs Asset Americas holds 19,877 shares or 0% of its portfolio. Castine Ltd Company reported 268,532 shares. Stieven Cap Advsr Ltd Partnership reported 100,770 shares. Prudential Financial owns 62,803 shares.

Since December 13, 2017, it had 0 buys, and 6 insider sales for $3.28 million activity. Zember Dennis J JR sold $274,059 worth of Ameris Bancorp (NASDAQ:ABCB) on Friday, February 2. $574,900 worth of Ameris Bancorp (NASDAQ:ABCB) was sold by HORTMAN EDWIN W JR. Bassett Lawton E III also sold $43,741 worth of Ameris Bancorp (NASDAQ:ABCB) on Wednesday, February 14.

Analysts expect Ameris Bancorp (NASDAQ:ABCB) to report $0.78 EPS on April, 20.They anticipate $0.18 EPS change or 30.00 % from last quarter’s $0.6 EPS. ABCB’s profit would be $29.83M giving it 18.04 P/E if the $0.78 EPS is correct. After having $0.63 EPS previously, Ameris Bancorp’s analysts see 23.81 % EPS growth. The stock decreased 0.53% or $0.3 during the last trading session, reaching $56.3. About 310,579 shares traded or 38.07% up from the average. Ameris Bancorp (NASDAQ:ABCB) has risen 43.77% since March 21, 2017 and is uptrending. It has outperformed by 27.07% the S&P500.

Ameris Bancorp (NASDAQ:ABCB) Ratings Coverage

Among 10 analysts covering Ameris Bancorp (NASDAQ:ABCB), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Ameris Bancorp had 28 analyst reports since August 14, 2015 according to SRatingsIntel. The stock of Ameris Bancorp (NASDAQ:ABCB) earned “Overweight” rating by Piper Jaffray on Wednesday, December 23. Piper Jaffray maintained the shares of ABCB in report on Monday, October 23 with “Hold” rating. Piper Jaffray maintained the stock with “Hold” rating in Friday, July 21 report. The stock of Ameris Bancorp (NASDAQ:ABCB) has “Hold” rating given on Tuesday, September 27 by Sandler O’Neill. The company was upgraded on Monday, November 20 by Keefe Bruyette & Woods. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, October 19. The firm has “Sell” rating by Zacks given on Tuesday, August 18. Wood upgraded the stock to “Outperform” rating in Monday, November 20 report. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Monday, June 26. Wood maintained Ameris Bancorp (NASDAQ:ABCB) on Wednesday, August 19 with “Buy” rating.

Ameris Bancorp operates as the holding firm for Ameris Bank that provides banking services to retail and commercial clients primarily in Georgia, Alabama, Florida, and South Carolina. The company has market cap of $2.15 billion. The firm operates through four divisions: Banking Division, Retail Mortgage Division, Warehouse Lending Division, and SBA Division. It has a 28.43 P/E ratio. It offers commercial and retail checking accounts, regular interest-bearing savings accounts, money market accounts, individual retirement accounts, and certificates of deposit.

More news for Ameris Bancorp (NASDAQ:ABCB) were recently published by: Prnewswire.com, which released: “Ameris Bancorp Announces Formal Exit From FDIC Consent Order” on December 14, 2017. Fool.com‘s article titled: “Ameris Bancorp (ABCB) Q4 2017 Earnings Conference Call Transcript” and published on January 29, 2018 is yet another important article.

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