Ameris Bancorp (NASDAQ:ABCB) Given Price Target Of $35.5


As per Ameris Bancorp (NASDAQ:ABCB)’s news release on 2016-06-23, its shareholders will get cash dividend of $0.05 per share. The recent press release updated on the record date and payout date, which stands at 2016-06-30 and 2016-07-11, respectively.

The stock will commence trading ex-dividend from 2016-06-28, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Ameris Bancorp (NASDAQ:ABCB) disbursed $0.05 in dividend compared to distribution of $0.05, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 33.3333%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Ameris Bancorp (NASDAQ:ABCB) to attain a price target of $35.5. It is an average estimate figure given by 4 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $37. The low price range is set at $35 for next year while the arithmetic mean is seen at 2.5.

Eyeing Earnings Ameris Bancorp (NASDAQ:ABCB) is likely to post quarterly numbers around 2016-10-28 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.59 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Ameris Bancorp (NASDAQ:ABCB) earnings came at $0.57 suggesting a deviation of $0.05. The brokerages targeted EPS of $0.52 for the quarter.

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