Ameris Bancorp

Company Profile

Ameris Bancorp had its IPO on 1994-05-19 under the ticker symbol ABCB.

The company operates in the Financial Services sector and Banks-Regional industry. Ameris Bancorp has a staff strength of 2,847 employees.

Stock update

Shares of Ameris Bancorp opened at $38.43 at the start of the last trading session i.e. 2023-03-22.

The stocks traded within a range of $36.75 - $38.71, and closed at $36.91.

This is a -4.28% slip from the previous day's closing price.

A total volume of 619,489 shares were traded at the close of the day’s session.

In the last one week, shares of Ameris Bancorp have increased by +0.46%.

Ameris Bancorp's Key Ratios

Ameris Bancorp has a market cap of $3.10 billion, indicating a price to book ratio of 1.1175 and a price to sales ratio of 3.2695.

In the last 12-months Ameris Bancorp’s revenue was $991.97 million with a gross profit of $991.97 million and an EBITDA of $0. The EBITDA ratio measures Ameris Bancorp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Ameris Bancorp’s operating margin was 46.4% while its return on assets stood at 1.42% with a return of equity of 11.24%.

In Q4, Ameris Bancorp’s quarterly earnings growth was a positive 0.9% while revenue growth was a negative 0.5%.

Ameris Bancorp’s PE and PEG Ratio

Forward PE

9.5694

Trailing PE

8.9599

PEG

2.45

Its diluted EPS in the last 12-months stands at $4.99 per share while it has a forward price to earnings multiple of 9.5694 and a PEG multiple of 2.45. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Ameris Bancorp’s profitability.

Ameris Bancorp stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 3.2695.

Ameris Bancorp stock pays annual dividends of $0.6 per share, indicating a yield of 1.29% and a payout ratio of 12.02%.

Balance sheet and cash flow metrics

Total Assets

$25.05 billion

Total Liabilities

$263.00 million

Operating Cash Flow

$0

Capital Expenditure

$200000

Dividend Payout Ratio

12.02%

Ameris Bancorp ended 2023 with $25.05 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $25.05 billion while shareholder equity stood at $3.20 billion.

Ameris Bancorp ended 2023 with $0 in deferred long-term liabilities, $263.00 million in other current liabilities, 72264000.00 in common stock, $1.31 billion in retained earnings and $1.02 billion in goodwill. Its cash balance stood at $284.57 million and cash and short-term investments were $1.78 billion. The company’s total short-term debt was $0 while long-term debt stood at $2.00 billion.

Ameris Bancorp’s total current assets stands at $0 while long-term investments were $1.75 billion and short-term investments were $1.50 billion. Its net receivables were $0 compared to accounts payable of $4.60 million and inventory worth $0.

In 2023, Ameris Bancorp's operating cash flow was $0 while its capital expenditure stood at $200000.

Comparatively, Ameris Bancorp paid $0.12 in dividends in 2023.

Other key metrics

Current Trading Price

$36.91

52-Week High

$54.0667

52-Week Low

$37.9732

Analyst Target Price

$55.3

Ameris Bancorp stock is currently trading at $36.91 per share. It touched a 52-week high of $54.0667 and a 52-week low of $54.0667. Analysts tracking the stock have a 12-month average target price of $55.3.

Its 50-day moving average was $45.97 and 200-day moving average was $46.69 The short ratio stood at 4.88 indicating a short percent outstanding of 0%.

Around 533.5% of the company’s stock are held by insiders while 9346.6% are held by institutions.