Analysts See $0.63 EPS for Ameris Bancorp (ABCB)

December 15, 2017 - By Michael Collier

 Analysts See $0.63 EPS for Ameris Bancorp (ABCB)
Investors sentiment increased to 1.46 in Q2 2017. Its up 0.01, from 1.45 in 2017Q1. It increased, as 9 investors sold Ameris Bancorp shares while 47 reduced holdings. 22 funds opened positions while 60 raised stakes. 29.82 million shares or 2.21% less from 30.49 million shares in 2017Q1 were reported.
Ameritas Partners accumulated 3,188 shares or 0.01% of the stock. Parkside Finance Bank & Trust & Tru has 0% invested in Ameris Bancorp (NASDAQ:ABCB) for 22 shares. Tci Wealth Advsr owns 22 shares. Maryland-based Proshare Advisors Ltd has invested 0% in Ameris Bancorp (NASDAQ:ABCB). Pennsylvania-based Emerald Mutual Fund Advisers Trust has invested 0.43% in Ameris Bancorp (NASDAQ:ABCB). Eaton Vance holds 0.02% or 154,961 shares in its portfolio. Envestnet Asset has 0% invested in Ameris Bancorp (NASDAQ:ABCB) for 1,353 shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 1,111 shares or 0% of their US portfolio. Co Bancshares has 12,305 shares. Redwood Investments Limited Liability Company invested in 204,446 shares or 0.99% of the stock. D E Shaw &, a New York-based fund reported 26,313 shares. Comml Bank Of America De has invested 0% in Ameris Bancorp (NASDAQ:ABCB). 1.26M are owned by State Street. Millrace Asset Grp reported 1.37% stake. Renaissance Technologies Ltd Liability Corporation owns 206,383 shares or 0.01% of their US portfolio.

Since September 12, 2017, it had 0 buys, and 2 insider sales for $1.13 million activity. On Tuesday, September 12 the insider Veal Jimmy D sold $429,881.

Analysts expect Ameris Bancorp (NASDAQ:ABCB) to report $0.63 EPS on January, 19.They anticipate $0.01 EPS change or 1.61 % from last quarter’s $0.62 EPS. ABCB’s profit would be $23.46 million giving it 18.63 P/E if the $0.63 EPS is correct. After having $0.63 EPS previously, Ameris Bancorp’s analysts see 0.00 % EPS growth. The stock increased 1.29% or $0.6 during the last trading session, reaching $46.95. About 97,221 shares traded. Ameris Bancorp (NASDAQ:ABCB) has risen 43.77% since December 15, 2016 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 22 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was maintained by Wood on Wednesday, August 19 with “Buy”. Cowen & Co maintained Ameris Bancorp (NASDAQ:ABCB) rating on Monday, November 2. Cowen & Co has “Outperform” rating and $30.50 target. The firm has “Hold” rating given on Monday, October 23 by Piper Jaffray. The firm earned “Neutral” rating on Thursday, October 5 by PiperJaffray. The firm has “Outperform” rating by Wood given on Friday, August 14. On Tuesday, November 28 the stock rating was maintained by SunTrust with “Buy”. The rating was maintained by Stephens on Friday, July 21 with “Buy”. The company was maintained on Thursday, September 28 by Stephens. The firm has “Outperform” rating given on Monday, November 20 by Wood. SunTrust maintained the stock with “Buy” rating in Friday, November 17 report.

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 $1.75 billion. The firm operates through four divisions: Banking Division, Retail Mortgage Division, Warehouse Lending Division, and SBA Division. It has a 20.76 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 notable recent Ameris Bancorp (NASDAQ:ABCB) news were published by: Streetinsider.com which released: “Form 4 Ameris Bancorp For: Dec 13 Filed by: LaHaise James A” on December 14, 2017, also Bizjournals.com with their article: “Sixth-largest bank in Jacksonville makes top executive changes” published on December 07, 2017, Streetinsider.com published: “Form 4 Ameris Bancorp For: Dec 06 Filed by: LaHaise James A” on December 12, 2017. More interesting news about Ameris Bancorp (NASDAQ:ABCB) were released by: Prnewswire.com and their article: “Ameris Bancorp Signs Definitive Merger Agreement to Acquire Atlantic Coast …” published on November 17, 2017 as well as Reuters.com‘s news article titled: “BRIEF-Ameris Bancorp Says Federal Deposit Insurance Corp Terminated Consent Order” with publication date: December 14, 2017.

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