Ameris Bancorp (NASDAQ:ABCB) is set to announce third quarter earning results on Thursday 22nd October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, ABCB to report 3Q20 income of $ 0.89 per share.
For the full year, analysts anticipate top line of $ 1030.16 million, while looking forward to income of $ 2.48 per share bottom line.
Previous Quarter Performance
Ameris Bancorp recorded income for the second quarter of $ 0.61 per share, from the revenue of $ 284.77 million. The quarterly earnings 36.46 percent while revenues elevated 108.03 percent compared with the same quarter last year. The top line results outshined analysts by $ 64.23 million or 29.12 percent.
Stock Performance
Shares of Ameris Bancorp traded up $ 0.80 or 2.98 percent on Wednesday, reaching $ 27.65 with volume of 261.60 thousand shares. Ameris Bancorp has traded high as $ 27.78 and has cracked $ 26.85 on the downward trend
The closing price of $ 27.65, representing a 56.83 % increase from the 52 week low of $ 17.12 and a 40.2 % decrease over the 52 week high of $ 44.90.
The company has a market capital of $ 1.92 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 30th September 2020, maintained by Piper Sandler at Overweight rating, with $ 28.00 target price.
- On 23rd September 2020, upgraded by Raymond James to Strong Buy from Outperform rating.
Conference Call
Ameris Bancorp will be hosting a conference call at 9:00 AM eastern time on 23rd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.amerisbank.com
Ameris Bancorp operates as the bank holding company for Ameris Bank that provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. The company operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division, and Premium Finance Division. It offers commercial and retail checking, regular interest-bearing savings, money market, individual retirement, and certificates of deposit accounts.
