EPS for Ameris Bancorp (ABCB) Expected At $0.87

June 19, 2018 - By Rene Maslow

Ameris Bancorp (NASDAQ:ABCB) LogoInvestors sentiment decreased to 1.15 in Q1 2018. Its down 0.27, from 1.42 in 2017Q4. It is negative, as 13 investors sold Ameris Bancorp shares while 53 reduced holdings. 20 funds opened positions while 56 raised stakes. 32.51 million shares or 8.67% more from 29.91 million shares in 2017Q4 were reported.
Piedmont Invest, North Carolina-based fund reported 8,174 shares. Envestnet Asset holds 0% or 1,430 shares in its portfolio. Salzhauer Michael reported 0.11% of its portfolio in Ameris Bancorp (NASDAQ:ABCB). Virginia Retirement Sys Et Al invested 0.01% of its portfolio in Ameris Bancorp (NASDAQ:ABCB). Ls Limited holds 1,126 shares or 0% of its portfolio. Advisory Svcs Networks Ltd Company holds 460 shares. Millrace Asset Group Incorporated owns 1.92% invested in Ameris Bancorp (NASDAQ:ABCB) for 37,500 shares. Millennium Management Limited Liability Corp reported 0.03% stake. Teacher Retirement Sys Of Texas reported 8,240 shares. D E Shaw Company Incorporated reported 13,227 shares stake. Moreover, Parametric Portfolio Ltd Company has 0% invested in Ameris Bancorp (NASDAQ:ABCB) for 35,212 shares. Nwq Inv Mgmt Limited Liability Corp holds 0.86% or 1.01M shares in its portfolio. Principal Fincl Gp has 0.02% invested in Ameris Bancorp (NASDAQ:ABCB) for 318,589 shares. Louisiana State Employees Retirement Systems has invested 0.04% in Ameris Bancorp (NASDAQ:ABCB). Stephens Inc Ar has 0% invested in Ameris Bancorp (NASDAQ:ABCB) for 2,220 shares.

Since February 2, 2018, it had 0 insider purchases, and 6 selling transactions for $2.96 million activity. The insider Zember Dennis J JR sold 5,000 shares worth $274,059. $43,741 worth of Ameris Bancorp (NASDAQ:ABCB) was sold by Bassett Lawton E III. Ezzell Robert Dale had sold 6,800 shares worth $384,880.

Analysts expect Ameris Bancorp (NASDAQ:ABCB) to report $0.87 EPS on July, 20.They anticipate $0.24 EPS change or 38.10 % from last quarter’s $0.63 EPS. ABCB’s profit would be $35.65 million giving it 16.26 P/E if the $0.87 EPS is correct. After having $0.73 EPS previously, Ameris Bancorp’s analysts see 19.18 % EPS growth. The stock increased 0.44% or $0.25 during the last trading session, reaching $56.6. About 116,600 shares traded. Ameris Bancorp (NASDAQ:ABCB) has risen 24.50% since June 19, 2017 and is uptrending. It has outperformed by 11.93% the S&P500.

Ameris Bancorp (NASDAQ:ABCB) Ratings Coverage

Among 5 analysts covering Ameris Bancorp (NASDAQ:ABCB), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Ameris Bancorp had 9 analyst reports since December 21, 2017 according to SRatingsIntel. Stephens maintained it with “Buy” rating and $6400 target in Monday, April 23 report. Keefe Bruyette & Woods maintained Ameris Bancorp (NASDAQ:ABCB) rating on Friday, April 20. Keefe Bruyette & Woods has “Buy” rating and $6300 target. The stock of Ameris Bancorp (NASDAQ:ABCB) earned “Hold” rating by Piper Jaffray on Tuesday, January 30. The firm earned “Buy” rating on Monday, February 26 by Keefe Bruyette & Woods. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, February 1. Sandler O’Neill maintained Ameris Bancorp (NASDAQ:ABCB) on Monday, January 29 with “Hold” rating. The stock has “Buy” rating by SunTrust on Monday, January 8. The firm earned “Buy” rating on Monday, April 23 by SunTrust. The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods.

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 $2.32 billion. The firm operates through four divisions: Banking Division, Retail Mortgage Division, Warehouse Lending Division, and SBA Division. It has a 26.99 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.

Ameris Bancorp (NASDAQ:ABCB) Ratings Chart

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