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27900.0 | 2018-10-10 00:00:00 UTC | Mute Trading Activities to Hurt JPMorgan (JPM) Q3 Earnings | ABCB | https://www.nasdaq.com/articles/mute-trading-activities-to-hurt-jpmorgan-jpm-q3-earnings-2018-10-10 | nan | nan | After a stellar first-half 2018 performance driven by substantial volatility, client activity remained on a lower side. So, this will likely have an adverse impact on JPMorgan 's JPM trading revenues in the third quarter. As trading revenues constitute almost one-fifth of the bank's top line, this is expected to have an adverse impact on its results scheduled to be announced on Oct 12.
In the first half, higher inflation expectation, tightening of monetary policy by the Fed, the U.S.-China trade war and a sharp sell-off in the tech sector incited volatility. However, developments like further escalation in the trade warand some other geo-political tensions in the third quarter were not enough to lead to a significant rise in client activity.
Further, at an investors' conference in September, JPMorgan's CFO, Marianne Lake projected trading revenues to decline in the mid-single digit range, mainly due to the impact of tax overhaul on some of the bank's markets businesses. Notably, excluding the impact of the tax hit, trading revenues are still expected to be lower by a few percentage points on a year-over-year basis.
Also, the Zacks Consensus Estimate for equity trading revenues of $1.43 billion reflects a plunge of 27% from the prior quarter. Further, per the consensus estimate, fixed income trading revenues will likely be down 2% sequentially to $3.39 billion.
Apart from this, here are some of the other major factors that will likely influence JPMorgan's third-quarter results:
Dismal investment banking performance: Seasonality hurt investment banking revenues in the third quarter. Also, global equity markets slowed down with fears of a full blown trade war weighing on companies' plans to raise capital by issuing shares. Nonetheless, JPMorgan's top position in the market is expected to provide some respite, which may result in a slight increase in equity underwriting fees.
Further, rise in interest rates is likely to have slowed down companies' involvement in debt issuance activities. As debt origination fees account for about half of total investment banking fees for JPMorgan, this is expected to have an adverse impact on investment banking revenues to some extent.
Also, decline in global M&A deal volume in the third quarter will likely hamper the company's advisory fees to some extent. Nevertheless, JPMorgan's top position in garnering global investment banking fees, and the strong M&A deal pipeline over the prior quarters are likely provide the bank some leverage in the to-be-reported quarter.
Management projects investment banking fees to be relatively stable in the quarter on a year- over-year basis.
Notably, the consensus estimate for total banking revenues (of which investment banking revenues constitutes a major portion) of $3.06 billion indicated 11.4% decline from the prior quarter.
Decent net interest income growth: A slight improvement in lending scenario - mainly in the areas of commercial and industrial, and consumer - will likely lead to an increase in net interest income (NII). A rise in interest rates (in June and September) will offer some support despite flattening of the yield curve and steadily increasing deposit betas in the third quarter.
Also, the Zacks Consensus Estimate for average interest earning assets of $2.23 trillion for the third quarter indicates a slight sequential increase. This along with modest lending activities is projected to boost the company's NII in the to-be-reported quarter.
Slowdown in mortgage banking: With the refinance boom almost coming to its end, a big help is not expected from this segment. Further, home equity loan portfolio is likely to decline in the to-be-reported quarter. As JPMorgan hasn't bulked up its mortgage banking businesses since the last recession, it is expected to witness muted growth in the same.
Lesser scope of cost containment: As the majority of unnecessary expenses have already been cut by the bank, expense reduction will not likely be a major support. Also, as JPMorgan's plan to enter newer markets by opening branches is already a work in progress, operating expenses are likely to remain on the higher side. Further, increased investment in technology to strengthen digital offerings will result in a rise in costs.
Here is what our quantitative model predicts:
We cannot conclusively predict that JPMorgan is likely to beat the Zacks Consensus Estimate this time as it doesn't have the right combination of two key ingredients - a positive Earnings ESP and Zacks Rank #3 (Hold) or higher.
You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Earnings ESP: The Earnings ESP for JPMorgan is 0.00%.
Zacks Rank: JPMorgan carries a Zacks Rank #3. This increases the predictive power of ESP, but we need to have positive Earnings ESP to be sure of this.
The Zacks Consensus Estimate for earnings of $2.23 reflects 26.7% growth on a year-over-year basis. Further, the consensus estimate for sales of $27.5 billion shows 8.4% increase from the prior-year quarter.
JPMorgan Chase & Co. Price and EPS Surprise
JPMorgan Chase & Co. Price and EPS Surprise | JPMorgan Chase & Co. Quote
Stocks That Warrant a Look
Here are a few bank stocks that you may want to consider, as our model shows that these have the right combination of elements for an earnings beat this time around:
M&T Bank Corporation MTB is scheduled to release results on Oct 17. It has an Earnings ESP of +0.39% and a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
The Earnings ESP for Hancock Whitney Corporation HWC is +0.79% and it carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on Oct 16.
Ameris Bancorp ABCB is scheduled to release results on Oct 19. The company, which carries a Zacks Rank of 3, has an Earnings ESP of +1.11%.
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Ameris Bancorp (ABCB): Free Stock Analysis Report
Hancock Whitney Corporation (HWC): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris Bancorp ABCB is scheduled to release results on Oct 19. Click to get this free report JPMorgan Chase & Co. (JPM): Free Stock Analysis Report M&T Bank Corporation (MTB): Free Stock Analysis Report Ameris Bancorp (ABCB): Free Stock Analysis Report Hancock Whitney Corporation (HWC): Free Stock Analysis Report To read this article on Zacks.com click here. In the first half, higher inflation expectation, tightening of monetary policy by the Fed, the U.S.-China trade war and a sharp sell-off in the tech sector incited volatility. | Click to get this free report JPMorgan Chase & Co. (JPM): Free Stock Analysis Report M&T Bank Corporation (MTB): Free Stock Analysis Report Ameris Bancorp (ABCB): Free Stock Analysis Report Hancock Whitney Corporation (HWC): Free Stock Analysis Report To read this article on Zacks.com click here. Ameris Bancorp ABCB is scheduled to release results on Oct 19. Notably, the consensus estimate for total banking revenues (of which investment banking revenues constitutes a major portion) of $3.06 billion indicated 11.4% decline from the prior quarter. | Click to get this free report JPMorgan Chase & Co. (JPM): Free Stock Analysis Report M&T Bank Corporation (MTB): Free Stock Analysis Report Ameris Bancorp (ABCB): Free Stock Analysis Report Hancock Whitney Corporation (HWC): Free Stock Analysis Report To read this article on Zacks.com click here. Ameris Bancorp ABCB is scheduled to release results on Oct 19. Nevertheless, JPMorgan's top position in garnering global investment banking fees, and the strong M&A deal pipeline over the prior quarters are likely provide the bank some leverage in the to-be-reported quarter. | Ameris Bancorp ABCB is scheduled to release results on Oct 19. Click to get this free report JPMorgan Chase & Co. (JPM): Free Stock Analysis Report M&T Bank Corporation (MTB): Free Stock Analysis Report Ameris Bancorp (ABCB): Free Stock Analysis Report Hancock Whitney Corporation (HWC): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, the consensus estimate for total banking revenues (of which investment banking revenues constitutes a major portion) of $3.06 billion indicated 11.4% decline from the prior quarter. |
27901.0 | 2018-10-10 00:00:00 UTC | The Small Business, Big Investment Stock Basket | ABCB | https://www.nasdaq.com/articles/small-business-big-investment-stock-basket-2018-10-10 | nan | nan | The U.S. has millions of small businesses. In fact, they make up the large majority of all businesses in the country while employing close to half of all workers, too. But this is one sector of the economy where opportunities for investors can be tough to find.
In this Motley Fool video, senior analyst Jason Moser unveils his take on how to invest in small businesses, and why a stock basket has its advantages when investors want exposure to a long-term trend.
A full transcript follows the video.
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Jason Moser: Hi! I'm Jason Moser, senior analyst here with The Motley Fool. This is the Small Business Big Investment basket. Now, what is the basket approach? The basket approach is identifying a long-term trend that you believe will affect the world in a big way, and then investing in it via four to six companies that you believe will lead the way in that trend.
Why baskets? I get this question a lot. There are a number of different reasons, I believe. No. 1, it's the trend. We talk about investing in these big trends, large and growing market opportunities. Those are the attractive investments that we as investors are looking for. There are also many winners when it comes to baskets. When we're talking about these long-term trends, why not benefit from multiple players in the space as opposed to trying to just pick one winner? Also, from the risk management perspective, this gives us equal-weight exposure that spans the risk spectrum from low to high. So, we're getting our eggs in a few different baskets there from an attractive risk perspective. And ultimately, the goal is to invest in good businesses that we feel comfortable holding indefinitely as a group.
Now, why small business? Well, according to the U.S. Census Bureau, small business in the United States employed almost half of our workforce in 2015, and that number continues to grow. It's an important market, a growing market, and I think it's an opportunity for investors.
Stock one in the basket is Etsy (NASDAQ: ETSY) . Etsy is an e-commerce platform that connects local suppliers and producers with buyers across the country. Even from their own 10-K, by shopping on etsy.com, Etsy buyers are supporting creative entrepreneurs in their local communities and around the world. Why do I think it's basket-worthy? Well, I think that Etsy has great brand recognition. It's still growing. A very capital-light business model. They don't carry any inventory on the balance sheet. It really boils down to the power of the network. Already nice and profitable, cash flow positive, a holistic solution and a company that is existing very successfully in an Amazon world today.
The second company in the basket is Ameris Bancorp (NASDAQ: ABCB) . Ameris Bancorp might not be familiar to most. It's just a small community bank that's based in Moultrie, Georgia. I picked this company back in 2011. Since then, it's up over 425%. Why is it basket-worthy? I believe its seasoned leadership keeps the bank's roots as a community bank. This affects everything that they do. It's part of the culture of the business. Even though it's a small bank today at a $2.5 billion market cap, there's still plenty of opportunity for them to grow. Back during the financial crisis, the FDIC saw Ameris Bancorp as a partner in helping roll up some of the failed institutions that resulted from the financial crisis. This gave them a lot of risk-free ways to grow their deposits and assets over time. I think this is something that stands to continue over the next five years and beyond.
The third basket holding is TripAdvisor (NASDAQ: TRIP) . This is the world's largest travel site, linking up travelers to local accommodations, experiences, and restaurants worldwide. They had a little bit of a strategy bungle a few years back with instant booking, but I think they finally turned the corner. From a platform perspective, it's still as engaging as ever, growing users, growing reviews. Hey, listen, perhaps you're in Paris and you want to stop by the Eiffel Tower. Maybe you're here in Washington D.C. and you want to see the Washington Monument. Or maybe you're like me, you're in the Bahamas and you want to take your kids to go swimming with the pigs on Pig Island. TripAdvisor can help you get to all of those places and more.
The next holding is Markel (NYSE: MKL) Insurance. Markel is a name that every Fool here probably knows by now. It's our baby Berkshire . I think that with a specialty insurer like Markel, they're writing business that others simply can't, at least as effectively. We're talking about things like weddings, camps, horse farms, bouncy houses. There's also the Markel Venture side of the business, as well, which gives us additional exposure to small businesses in the form of bakery equipment or even dredging and beyond.
The fifth and final holding of the basket is Square (NYSE: SQ) . Square brings financial and merchant services to local economies everywhere via their hardware and software ecosystem. Leadership in Jack Dorsey and Sarah Friar are proving to be very forward-thinking. I think there's tremendous brand recognition among the small business community as an ideal holistic solution. Let's not forget about the Square Capital side of the business, as well, which helps provide another avenue for financing for these small businesses beyond the traditional vehicles like the Small Business Administration. Tremendous market opportunity in payments. I think Square has a lot of room to run here. That's why it's part of this basket.
That's our Small Business Big Investment basket. To recap, we've got Etsy, Ameris Bancorp, TripAdvisor, Markel, and Square.
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Jason Moser owns shares of Markel, Square, and TripAdvisor. The Motley Fool owns shares of and recommends Amazon, Etsy, Markel, Square, and TripAdvisor. The Motley Fool has the following options: short January 2019 $80 calls on Square. The Motley Fool recommends Berkshire Hathaway (B shares). The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The second company in the basket is Ameris Bancorp (NASDAQ: ABCB) . In this Motley Fool video, senior analyst Jason Moser unveils his take on how to invest in small businesses, and why a stock basket has its advantages when investors want exposure to a long-term trend. Well, according to the U.S. Census Bureau, small business in the United States employed almost half of our workforce in 2015, and that number continues to grow. | The second company in the basket is Ameris Bancorp (NASDAQ: ABCB) . In this Motley Fool video, senior analyst Jason Moser unveils his take on how to invest in small businesses, and why a stock basket has its advantages when investors want exposure to a long-term trend. Jason Moser owns shares of Markel, Square, and TripAdvisor. | The second company in the basket is Ameris Bancorp (NASDAQ: ABCB) . In this Motley Fool video, senior analyst Jason Moser unveils his take on how to invest in small businesses, and why a stock basket has its advantages when investors want exposure to a long-term trend. This is the Small Business Big Investment basket. | The second company in the basket is Ameris Bancorp (NASDAQ: ABCB) . In this Motley Fool video, senior analyst Jason Moser unveils his take on how to invest in small businesses, and why a stock basket has its advantages when investors want exposure to a long-term trend. This is the Small Business Big Investment basket. |
27902.0 | 2018-10-02 00:00:00 UTC | Insiders Now Seeing Red With ABCB At New 52-Week Low | ABCB | https://www.nasdaq.com/articles/insiders-now-seeing-red-abcb-new-52-week-low-2018-10-02 | nan | nan | In trading on Tuesday, shares of Ameris Bancorp (Symbol: ABCB) touched a new 52-week low of $44.65/share. That's a $14.40 share price drop, or -24.39% decline from the 52-week high of $59.05 set back on 03/12/2018. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for ABCB that means the stock would have to gain 32.25% to get back to the 52-week high. For a move like that, Ameris Bancorp would need fundamental strength at the business level.
Here's a rhetorical question: Who knows more about fundamentals at the business level than the company's own insiders? So let's take a look to see whether any company insiders were taking the other side of the trade as ABCB shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. As summarized by the table below, ABCB has seen 3 different instances of insiders buying over the past six months.
In the short run, while the new 52-week low suggests the stock is at the cheapest price and perhaps therefore the best bargain it has been over the last 52 weeks, the low print also means anyone who has purchased the stock over that timeframe is staring at an unrealized loss. Oftentimes, that factor drives a stock's technical analysis metrics by creating overhead resistance, with investors who bought higher now anxious to reverse their trade once they are back to breakeven. The chart below shows where ABCB has traded over the past year, with the 50-day and 200-day moving averages included.
Time will tell whether the insider purchases foretell a future rebound for ABCB shares, which are presently showing a last trade of $44.71/share, slightly above the new 52-week low.
Ten Bargains You Can Buy Cheaper Than The Insiders Did »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of Ameris Bancorp (Symbol: ABCB) touched a new 52-week low of $44.65/share. Time will tell whether the insider purchases foretell a future rebound for ABCB shares, which are presently showing a last trade of $44.71/share, slightly above the new 52-week low. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for ABCB that means the stock would have to gain 32.25% to get back to the 52-week high. | In trading on Tuesday, shares of Ameris Bancorp (Symbol: ABCB) touched a new 52-week low of $44.65/share. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for ABCB that means the stock would have to gain 32.25% to get back to the 52-week high. So let's take a look to see whether any company insiders were taking the other side of the trade as ABCB shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. | Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for ABCB that means the stock would have to gain 32.25% to get back to the 52-week high. So let's take a look to see whether any company insiders were taking the other side of the trade as ABCB shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. Time will tell whether the insider purchases foretell a future rebound for ABCB shares, which are presently showing a last trade of $44.71/share, slightly above the new 52-week low. | Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for ABCB that means the stock would have to gain 32.25% to get back to the 52-week high. So let's take a look to see whether any company insiders were taking the other side of the trade as ABCB shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. In trading on Tuesday, shares of Ameris Bancorp (Symbol: ABCB) touched a new 52-week low of $44.65/share. |
27903.0 | 2018-09-26 00:00:00 UTC | Ameris Bancorp (ABCB) Ex-Dividend Date Scheduled for September 27, 2018 | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-abcb-ex-dividend-date-scheduled-september-27-2018-2018-09-26 | nan | nan | Ameris Bancorp ( ABCB ) will begin trading ex-dividend on September 27, 2018. A cash dividend payment of $0.1 per share is scheduled to be paid on October 10, 2018. Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 9th quarter that ABCB has paid the same dividend. At the current stock price of $47.1, the dividend yield is .85%.
The previous trading day's last sale of ABCB was $47.1, representing a -20.24% decrease from the 52 week high of $59.05 and a 5.25% increase over the 52 week low of $44.75.
ABCB is a part of the Finance sector, which includes companies such as J P Morgan Chase & Co ( JPM ) and Bank of America Corporation ( BAC ). ABCB's current earnings per share, an indicator of a company's profitability, is $1.72. Zacks Investment Research reports ABCB's forecasted earnings growth in 2018 as 33.67%, compared to an industry average of 31.2%.
For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ABCB through an Exchange Traded Fund [ETF]?
The following ETF(s) have ABCB as a top-10 holding:
Invesco DWA Financial Momentum ETF ( PFI )
Direxion Daily Regional Banks Bull 3X Shares ( DPST ).
The top-performing ETF of this group is PFI with an decrease of -0.68% over the last 100 days. It also has the highest percent weighting of ABCB at 1.11%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABCB is a part of the Finance sector, which includes companies such as J P Morgan Chase & Co ( JPM ) and Bank of America Corporation ( BAC ). Zacks Investment Research reports ABCB's forecasted earnings growth in 2018 as 33.67%, compared to an industry average of 31.2%. For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. | ABCB's current earnings per share, an indicator of a company's profitability, is $1.72. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ameris Bancorp ( ABCB ) will begin trading ex-dividend on September 27, 2018. | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. The following ETF(s) have ABCB as a top-10 holding: Invesco DWA Financial Momentum ETF ( PFI ) Direxion Daily Regional Banks Bull 3X Shares ( DPST ). | ABCB's current earnings per share, an indicator of a company's profitability, is $1.72. The following ETF(s) have ABCB as a top-10 holding: Invesco DWA Financial Momentum ETF ( PFI ) Direxion Daily Regional Banks Bull 3X Shares ( DPST ). Ameris Bancorp ( ABCB ) will begin trading ex-dividend on September 27, 2018. |
27904.0 | 2018-09-24 00:00:00 UTC | Cost-Saving Initiatives to Boost Ameris Bancorp's Efficiency | ABCB | https://www.nasdaq.com/articles/cost-saving-initiatives-to-boost-ameris-bancorps-efficiency-2018-09-24 | nan | nan | Ameris BancorpABCB has announced its plans to undertake cost-saving initiatives in a bid to lower annual operating expenses. As part of its efforts, the company intends to consolidate certain branches and trim data-processing fees. These efforts will help the bank slash costs by $20 million in 2019.
These initiatives will enable Ameris Bancorp to reinvest the savings for achieving its long-term growth targets without impacting earnings in 2018 and 2019. Also, these will help the bank increase its loan and deposit growth by pursuing a new commercial lending and deposit sales strategy. Moreover, this move will assist the company in investing in risk and data management.
Considering the fact that Ameris Bancorp's operating expenses witnessed a compound annual growth rate of 17.4% over the last five years (2013-2017), the above-mentioned move is a strategic fit for the company. Further, while the company's buyout of Atlantic Coast Financial Corporation resulted in $15.7 million of cost savings, Hamilton State Bancshares' acquisition will likely result in savings of $15.3 million, once it is fully integrated.
Talking about the impact of these initiatives, Dennis J. Zember, Jr., Ameris Bancorp's president and chief executive officer, stated, "We have invested substantially in mobile and on-line delivery systems that increasingly mirror our customers' behaviors. The convenience that we provide customers with these products and services, combined with the proximity to other Ameris Bank branches, gives me confidence that we are not impacting our growth rates or our ability to deliver an exceptional customer experience."
Despite the positives, shares of Ameris Bancorp fell 1.5%, following the announcement.
Nonetheless, the bank has witnessed loan growth over the last five years. This, along with the cost-efficiency measures, is anticipated to combat the negative investor sentiment resulting from the bank's decreasing net interest margin.
The company's shares have rallied 7.2% over the past year compared with 15.6% growth recorded by the industry .
Currently, Ameris Bancorp carries a Zacks Rank #3 (Hold).
Key Picks
A few better-ranked stocks in the same space are CBTX, Inc. CBTX , The First Bancshares, Inc. FBMS and American National Bankshares, Inc. AMNB . While CBTX and The First Bancshares flaunt a Zacks Rank of 1 (Strong Buy), American National carries a Zacks Rank of 2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Over the last 60 days, the Zacks Consensus Estimate for CBTX's current-year earnings has been revised 8% upward. Its share price has gained 29.6% in the past year.
The First Bancshares' earnings estimates for 2018 have been revised 2.3% upward over the past 60 days. Its shares have rallied 35.9% in a year's time.
Over the last 60 days, American National's 2018 earnings estimate moved 3.5% north. Over the past year, its share price has appreciated 1.4%.
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American National Bankshares, Inc. (AMNB): Free Stock Analysis Report
Ameris Bancorp (ABCB): Free Stock Analysis Report
The First Bancshares, Inc. (FBMS): Free Stock Analysis Report
CBTX, Inc. (CBTX): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris BancorpABCB has announced its plans to undertake cost-saving initiatives in a bid to lower annual operating expenses. Click to get this free report American National Bankshares, Inc. (AMNB): Free Stock Analysis Report Ameris Bancorp (ABCB): Free Stock Analysis Report The First Bancshares, Inc. (FBMS): Free Stock Analysis Report CBTX, Inc. (CBTX): Free Stock Analysis Report To read this article on Zacks.com click here. Considering the fact that Ameris Bancorp's operating expenses witnessed a compound annual growth rate of 17.4% over the last five years (2013-2017), the above-mentioned move is a strategic fit for the company. | Click to get this free report American National Bankshares, Inc. (AMNB): Free Stock Analysis Report Ameris Bancorp (ABCB): Free Stock Analysis Report The First Bancshares, Inc. (FBMS): Free Stock Analysis Report CBTX, Inc. (CBTX): Free Stock Analysis Report To read this article on Zacks.com click here. Ameris BancorpABCB has announced its plans to undertake cost-saving initiatives in a bid to lower annual operating expenses. Considering the fact that Ameris Bancorp's operating expenses witnessed a compound annual growth rate of 17.4% over the last five years (2013-2017), the above-mentioned move is a strategic fit for the company. | Click to get this free report American National Bankshares, Inc. (AMNB): Free Stock Analysis Report Ameris Bancorp (ABCB): Free Stock Analysis Report The First Bancshares, Inc. (FBMS): Free Stock Analysis Report CBTX, Inc. (CBTX): Free Stock Analysis Report To read this article on Zacks.com click here. Ameris BancorpABCB has announced its plans to undertake cost-saving initiatives in a bid to lower annual operating expenses. Considering the fact that Ameris Bancorp's operating expenses witnessed a compound annual growth rate of 17.4% over the last five years (2013-2017), the above-mentioned move is a strategic fit for the company. | Ameris BancorpABCB has announced its plans to undertake cost-saving initiatives in a bid to lower annual operating expenses. Click to get this free report American National Bankshares, Inc. (AMNB): Free Stock Analysis Report Ameris Bancorp (ABCB): Free Stock Analysis Report The First Bancshares, Inc. (FBMS): Free Stock Analysis Report CBTX, Inc. (CBTX): Free Stock Analysis Report To read this article on Zacks.com click here. These efforts will help the bank slash costs by $20 million in 2019. |
27905.0 | 2018-07-12 00:00:00 UTC | Ameris Bancorp Enters Oversold Territory (ABCB) | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-enters-oversold-territory-abcb-2018-07-12 | nan | nan | Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Thursday, shares of Ameris Bancorp (Symbol: ABCB) entered into oversold territory, hitting an RSI reading of 28.4, after changing hands as low as $51.25 per share. By comparison, the current RSI reading of the S&P 500 ETF ( SPY ) is 62.4. A bullish investor could look at ABCB's 28.4 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ABCB shares:
Looking at the chart above, ABCB's low point in its 52 week range is $41.05 per share, with $59.05 as the 52 week high point - that compares with a last trade of $51.20.
Find out what 9 other oversold stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Thursday, shares of Ameris Bancorp (Symbol: ABCB) entered into oversold territory, hitting an RSI reading of 28.4, after changing hands as low as $51.25 per share. A bullish investor could look at ABCB's 28.4 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ABCB shares: Looking at the chart above, ABCB's low point in its 52 week range is $41.05 per share, with $59.05 as the 52 week high point - that compares with a last trade of $51.20. | The chart below shows the one year performance of ABCB shares: Looking at the chart above, ABCB's low point in its 52 week range is $41.05 per share, with $59.05 as the 52 week high point - that compares with a last trade of $51.20. In trading on Thursday, shares of Ameris Bancorp (Symbol: ABCB) entered into oversold territory, hitting an RSI reading of 28.4, after changing hands as low as $51.25 per share. A bullish investor could look at ABCB's 28.4 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. | In trading on Thursday, shares of Ameris Bancorp (Symbol: ABCB) entered into oversold territory, hitting an RSI reading of 28.4, after changing hands as low as $51.25 per share. The chart below shows the one year performance of ABCB shares: Looking at the chart above, ABCB's low point in its 52 week range is $41.05 per share, with $59.05 as the 52 week high point - that compares with a last trade of $51.20. A bullish investor could look at ABCB's 28.4 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. | In trading on Thursday, shares of Ameris Bancorp (Symbol: ABCB) entered into oversold territory, hitting an RSI reading of 28.4, after changing hands as low as $51.25 per share. A bullish investor could look at ABCB's 28.4 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ABCB shares: Looking at the chart above, ABCB's low point in its 52 week range is $41.05 per share, with $59.05 as the 52 week high point - that compares with a last trade of $51.20. |
27906.0 | 2018-07-11 00:00:00 UTC | ABCB Crosses Below Key Moving Average Level | ABCB | https://www.nasdaq.com/articles/abcb-crosses-below-key-moving-average-level-2018-07-11 | nan | nan | In trading on Wednesday, shares of Ameris Bancorp (Symbol: ABCB) crossed below their 200 day moving average of $52.13, changing hands as low as $51.85 per share. Ameris Bancorp shares are currently trading down about 1.7% on the day. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average:
Looking at the chart above, ABCB's low point in its 52 week range is $41.05 per share, with $59.05 as the 52 week high point - that compares with a last trade of $52.15.
Click here to find out which 9 other stocks recently crossed below their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Wednesday, shares of Ameris Bancorp (Symbol: ABCB) crossed below their 200 day moving average of $52.13, changing hands as low as $51.85 per share. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average: Looking at the chart above, ABCB's low point in its 52 week range is $41.05 per share, with $59.05 as the 52 week high point - that compares with a last trade of $52.15. Click here to find out which 9 other stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Wednesday, shares of Ameris Bancorp (Symbol: ABCB) crossed below their 200 day moving average of $52.13, changing hands as low as $51.85 per share. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average: Looking at the chart above, ABCB's low point in its 52 week range is $41.05 per share, with $59.05 as the 52 week high point - that compares with a last trade of $52.15. Click here to find out which 9 other stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Wednesday, shares of Ameris Bancorp (Symbol: ABCB) crossed below their 200 day moving average of $52.13, changing hands as low as $51.85 per share. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average: Looking at the chart above, ABCB's low point in its 52 week range is $41.05 per share, with $59.05 as the 52 week high point - that compares with a last trade of $52.15. Click here to find out which 9 other stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Wednesday, shares of Ameris Bancorp (Symbol: ABCB) crossed below their 200 day moving average of $52.13, changing hands as low as $51.85 per share. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average: Looking at the chart above, ABCB's low point in its 52 week range is $41.05 per share, with $59.05 as the 52 week high point - that compares with a last trade of $52.15. Click here to find out which 9 other stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. |
27907.0 | 2018-07-03 00:00:00 UTC | Ameris (ABCB) Completes Hamilton State Bancshares Merger | ABCB | https://www.nasdaq.com/articles/ameris-abcb-completes-hamilton-state-bancshares-merger-2018-07-03 | nan | nan | Ameris BancorpABCB recently completed the acquisition of Hamilton State Bancshares, Inc., in an effort to expand into the Atlanta markets. Consequently, Hamilton State Bank, the banking subsidiary of Hamilton has been merged with Ameris' subsidiary, Ameris Bank.
Hamilton, with nearly $1.8 billion in assets, conducted its operations through almost 28 banking locations.
At the time of the announcement of the deal, Edwin W. Hortman, Jr., the executive chairman, president and CEO of Ameris stated, "Atlanta is the largest market in Georgia and one of the largest markets in the entire Southeast. While we have had a small presence in Atlanta for a number of years, we have been looking for an opportunity to expand our presence in this important market."
He added, "We believe that partnering with Bob and his team and the low-cost core deposit franchise that they have built is a fantastic way to jump start our Atlanta strategy."
Now, with the acquisition of Hamilton, the combined company will have nearly 1.4 billion of deposits in the Atlanta metropolitan area. Moreover, the bank has become the 13th largest bank within the Atlanta markets.
Notably, following the acquisition, shares of Ameris have gained nearly 1.8%.
At the time of the announcement of the merger, the deal was valued at $405.7 million.
Per the terms of the agreement, which remains the same as before, each shareholder of Hamilton's common stock and each restricted stock unit are entitled to receive $0.93 in cash and 0.16 shares of Ameris common stock. Notably, the cash payment will be in lieu of fractional shares of Ameris common stock.
Along with the deal closure, Ameris also announced that it is likely to release its second-quarter 2018 results on Jul 27, before the market opens.
Shares of Ameris have gained 10.2% in a year's time, marginally outperforming the industry 's growth of 8.4%.
The stock currently has a Zacks Rank #4 (Sell).
A few better-ranked stocks from the same industry are Capstar Financial Holdings, Inc. CSTR , Community Trust Bancorp, Inc. CTBI and FCB Financial Holdings, Inc. FCB .
Over the past 60 days, Capstar Financial has witnessed an upward earnings estimate revision of 2.7% for the current year. Over the past year, its share price has risen 5.4%. The stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Over the past 60 days, Community Trust Bancorp's earnings estimates have been revised 1.8% upward for the current year. Additionally, its share price has increased 14.2% over the past 12 months. It currently carries a Zacks Rank #2 (Buy).
FCB Financial also has a Zacks Rank of 2. Over the past 60 days, its earnings estimates for 2018 have been marginally revised upward. Shares of the company have rallied 22.1% in a year's time.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris BancorpABCB recently completed the acquisition of Hamilton State Bancshares, Inc., in an effort to expand into the Atlanta markets. Click to get this free report Community Trust Bancorp, Inc. (CTBI): Free Stock Analysis Report Ameris Bancorp (ABCB): Free Stock Analysis Report FCB Financial Holdings, Inc. (FCB): Free Stock Analysis Report Capstar Financial Holdings Inc. (CSTR): Free Stock Analysis Report To read this article on Zacks.com click here. He added, "We believe that partnering with Bob and his team and the low-cost core deposit franchise that they have built is a fantastic way to jump start our Atlanta strategy." | Click to get this free report Community Trust Bancorp, Inc. (CTBI): Free Stock Analysis Report Ameris Bancorp (ABCB): Free Stock Analysis Report FCB Financial Holdings, Inc. (FCB): Free Stock Analysis Report Capstar Financial Holdings Inc. (CSTR): Free Stock Analysis Report To read this article on Zacks.com click here. Ameris BancorpABCB recently completed the acquisition of Hamilton State Bancshares, Inc., in an effort to expand into the Atlanta markets. A few better-ranked stocks from the same industry are Capstar Financial Holdings, Inc. CSTR , Community Trust Bancorp, Inc. CTBI and FCB Financial Holdings, Inc. FCB . | Click to get this free report Community Trust Bancorp, Inc. (CTBI): Free Stock Analysis Report Ameris Bancorp (ABCB): Free Stock Analysis Report FCB Financial Holdings, Inc. (FCB): Free Stock Analysis Report Capstar Financial Holdings Inc. (CSTR): Free Stock Analysis Report To read this article on Zacks.com click here. Ameris BancorpABCB recently completed the acquisition of Hamilton State Bancshares, Inc., in an effort to expand into the Atlanta markets. Consequently, Hamilton State Bank, the banking subsidiary of Hamilton has been merged with Ameris' subsidiary, Ameris Bank. | Ameris BancorpABCB recently completed the acquisition of Hamilton State Bancshares, Inc., in an effort to expand into the Atlanta markets. Click to get this free report Community Trust Bancorp, Inc. (CTBI): Free Stock Analysis Report Ameris Bancorp (ABCB): Free Stock Analysis Report FCB Financial Holdings, Inc. (FCB): Free Stock Analysis Report Capstar Financial Holdings Inc. (CSTR): Free Stock Analysis Report To read this article on Zacks.com click here. Now, with the acquisition of Hamilton, the combined company will have nearly 1.4 billion of deposits in the Atlanta metropolitan area. |
27908.0 | 2018-06-27 00:00:00 UTC | Ameris Bancorp (ABCB) Ex-Dividend Date Scheduled for June 28, 2018 | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-abcb-ex-dividend-date-scheduled-june-28-2018-2018-06-27 | nan | nan | Ameris Bancorp ( ABCB ) will begin trading ex-dividend on June 28, 2018. A cash dividend payment of $0.1 per share is scheduled to be paid on July 10, 2018. Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 8th quarter that ABCB has paid the same dividend. At the current stock price of $55.35, the dividend yield is .72%.
The previous trading day's last sale of ABCB was $55.35, representing a -6.27% decrease from the 52 week high of $59.05 and a 34.84% increase over the 52 week low of $41.05.
ABCB is a part of the Finance sector, which includes companies such as J P Morgan Chase & Co ( JPM ) and Bank of America Corporation ( BAC ). ABCB's current earnings per share, an indicator of a company's profitability, is $2.1. Zacks Investment Research reports ABCB's forecasted earnings growth in 2018 as 40.22%, compared to an industry average of 31.1%.
For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ABCB through an Exchange Traded Fund [ETF]?
The following ETF(s) have ABCB as a top-10 holding:
Direxion Daily Regional Banks Bull 3X Shares ( DPST ).
The top-performing ETF of this group is DPST with an decrease of -8.11% over the last 100 days.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABCB is a part of the Finance sector, which includes companies such as J P Morgan Chase & Co ( JPM ) and Bank of America Corporation ( BAC ). Zacks Investment Research reports ABCB's forecasted earnings growth in 2018 as 40.22%, compared to an industry average of 31.1%. The following ETF(s) have ABCB as a top-10 holding: Direxion Daily Regional Banks Bull 3X Shares ( DPST ). | ABCB's current earnings per share, an indicator of a company's profitability, is $2.1. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ameris Bancorp ( ABCB ) will begin trading ex-dividend on June 28, 2018. | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of ABCB was $55.35, representing a -6.27% decrease from the 52 week high of $59.05 and a 34.84% increase over the 52 week low of $41.05. For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. | ABCB's current earnings per share, an indicator of a company's profitability, is $2.1. Ameris Bancorp ( ABCB ) will begin trading ex-dividend on June 28, 2018. Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. |
27909.0 | 2018-05-30 00:00:00 UTC | Ameris Bancorp Completes Atlantic Coast Financial Buyout | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-completes-atlantic-coast-financial-buyout-2018-05-30 | nan | nan | Last week, Ameris BancorpABCB closed the acquisition of Atlantic Coast Financial Corporation for roughly $145 million (in aggregate). Per the terms, Atlantic Coast Financial shareholders will receive $1.39 in cash and 0.17 shares of Ameris Bancorp for each outstanding share of Atlantic Coast Financial.
The deal, announced in November 2017, also resulted in the merger of Ameris Bank (banking subsidiary of Ameris Bancorp) with Atlantic Coast Financial's subsidiary, Atlantic Coast Bank. This further expanded Ameris Bancorp's footprint in Jacksonville, FL (eight branches) and Southeast Georgia (four branches).
At the time of announcement of deal, Ameris Bancorp noted that the combined entity will have branch network in four states with nearly $8.6 billion in assets and $6.9 billion in loans.
Further, at that time, Edwin W. Hortman, Jr., President and CEO of Ameris Bancorp said, "We view this transaction as an extension of our plan to build scale in Northeast Florida. With a combined $1.5 billion deposits in the Jacksonville MSA, the addition of Atlantic Coast will solidify us as Northeast Florida's premier community bank."
Road Ahead
Given the strong liquidity position, Ameris Bancorp has been growing through acquisitions. In January 2018, it announced a stock cum cash transaction to acquire Georgia-based Hamilton State Bancshares, Inc. for nearly $406 million. This is the biggest deal (in terms of value) announced by Ameris Bancorp to date.
Further, over the past years, inorganic expansion strategy seems to be supporting Ameris Bancorp's growth. Since 2013, the bank has acquired Prosperity Banking Company, Coastal Bankshares, Inc., Merchants & Southern Banks of Florida, Inc. and Jacksonville Bancorp, Inc. These buyouts have aided the company in expanding its footprint in Florida and Georgia.
Ameris Bancorp's inorganic growth efforts have also cheered investors. The stock has rallied 26.9% in the past year, outperforming the industry 's rise of 19.4%.
Ameris Bancorp currently carries a Zacks Rank #3 (Hold).
Stocks Worth a Look
Associated Banc-Corp ASB has witnessed upward earnings estimate revision of 10.7% over the past 60 days for the current year. Also, its share price has increased 7.1% so far this year. The stock sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Commerce Bancshares, Inc.'s CBSH earnings estimates for 2018 have been revised 7.4% upward over the past 60 days. The Zacks Rank #1 stock has gained 14.5% year to date.
Synovus Financial Corp. SNV has witnessed upward earnings estimate revision of nearly 1% over the past 60 days for 2018. This Zacks Rank #2 (Buy) stock has rallied 11.4% so far this year.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Last week, Ameris BancorpABCB closed the acquisition of Atlantic Coast Financial Corporation for roughly $145 million (in aggregate). Click to get this free report Commerce Bancshares, Inc. (CBSH): Free Stock Analysis Report Associated Banc-Corp (ASB): Free Stock Analysis Report Synovus Financial Corp. (SNV): Free Stock Analysis Report Ameris Bancorp (ABCB): Free Stock Analysis Report To read this article on Zacks.com click here. Further, at that time, Edwin W. Hortman, Jr., President and CEO of Ameris Bancorp said, "We view this transaction as an extension of our plan to build scale in Northeast Florida. | Click to get this free report Commerce Bancshares, Inc. (CBSH): Free Stock Analysis Report Associated Banc-Corp (ASB): Free Stock Analysis Report Synovus Financial Corp. (SNV): Free Stock Analysis Report Ameris Bancorp (ABCB): Free Stock Analysis Report To read this article on Zacks.com click here. Last week, Ameris BancorpABCB closed the acquisition of Atlantic Coast Financial Corporation for roughly $145 million (in aggregate). The deal, announced in November 2017, also resulted in the merger of Ameris Bank (banking subsidiary of Ameris Bancorp) with Atlantic Coast Financial's subsidiary, Atlantic Coast Bank. | Click to get this free report Commerce Bancshares, Inc. (CBSH): Free Stock Analysis Report Associated Banc-Corp (ASB): Free Stock Analysis Report Synovus Financial Corp. (SNV): Free Stock Analysis Report Ameris Bancorp (ABCB): Free Stock Analysis Report To read this article on Zacks.com click here. Last week, Ameris BancorpABCB closed the acquisition of Atlantic Coast Financial Corporation for roughly $145 million (in aggregate). Per the terms, Atlantic Coast Financial shareholders will receive $1.39 in cash and 0.17 shares of Ameris Bancorp for each outstanding share of Atlantic Coast Financial. | Last week, Ameris BancorpABCB closed the acquisition of Atlantic Coast Financial Corporation for roughly $145 million (in aggregate). Click to get this free report Commerce Bancshares, Inc. (CBSH): Free Stock Analysis Report Associated Banc-Corp (ASB): Free Stock Analysis Report Synovus Financial Corp. (SNV): Free Stock Analysis Report Ameris Bancorp (ABCB): Free Stock Analysis Report To read this article on Zacks.com click here. Per the terms, Atlantic Coast Financial shareholders will receive $1.39 in cash and 0.17 shares of Ameris Bancorp for each outstanding share of Atlantic Coast Financial. |
27910.0 | 2018-05-17 00:00:00 UTC | The 3 Stocks on the MFM Team's Radar | ABCB | https://www.nasdaq.com/articles/3-stocks-mfm-teams-radar-2018-05-17 | nan | nan | In this segment from Motley Fool Money , host Chris Hill asks senior analysts Jason Moser, Matt Argersinger, and Ron Gross to discuss the companies they have their eyes on. Listen in to find out why they picked Healthcare Services Group (NASDAQ: HCSG) , Ameris Bancorp (NASDAQ: ABCB) , and MercadoLibre (NASDAQ: MELI) .
A full transcript follows the video.
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Chris Hill: Let's get to the stocks on our radar this week. Our man behind the glass, Steve Broido, is going to hit you with a question. Ron Gross, you're up first. What are you looking at this week?
Ron Gross: Steve, do you like tires -- no, I'm just kidding. I've got Healthcare Services Group, ticker HCSG. Housekeeping and nutritional services for 3,500 facilities such as hospitals, retirement homes, nursing homes. Really long history of profitability, recently expanded into food services. It's a very fragmented industry, but they're kind of the big guns here. They've increased their dividend for 58 consecutive quarters. That dividend now stands at a 2% yield, and I think the stock still has some nice upside to it.
Hill: Steve, question about Healthcare Services Group?
Steve Broido: How did you find this thing?
Gross: [laughs] This is recent recommendation in the Total Income service.
Hill: Jason Moser, what are you looking at?
Jason Moser: Sure. Going to jump back down to Georgia for Ameris Bancorp, ticker ABCB. Little $2 billion market cap bank that just keeps on growing. It's really been a story of total assets. The FDIC saw this as a worthy partner back in the days of the financial crisis to help cleanse the banking system of bad business. They've grown that total assets base from around $2.5 billion in 2010, it's going to be about $11.5 billion by the end of this year with a couple of acquisitions that are rolling in. Just a well-managed little bank. At the time, you'd have been crazy to invest your money in a small-cap Georgia bank. That was Ground Zero at the time. But, man, these guys have really made it work. The stock has just been on a tear since that financial crisis, up about 400%, and I really don't see any reason for it to stop.
Hill: Steve, Ameris Bancorp?
Broido: We hear a lot about this war on cash. Is this bank affected in any way?
Moser: They have ATMs, Steve. They have ATMs.
Hill: Matt Argersinger, what are you looking at?
Argersinger: I'm going to be a bit of a [...], I'm sticking with MercadoLibre, ticker MELI. I think you have to take a look if you haven't in the past. It's down almost 25% from its recent high. Recent results were outstanding. And I know I talked about Argentina, I'm a little worried about that. But I think management's strategy of really focusing on free shipping, payments, user loyalty, even if it's costing margin in the short-term ... it's a company that you just want to take a look at. And, Jason said, I think Amazon lost out on Flipkart. MercadoLibre is sitting out there, shiny trophy potential.
Hill: Steve, question about MercadoLibre?
Broido: When we talk about shipping in Latin America, who does this shipping? Is it a national postal service like we have here combined with private shippers?
Argersinger: Wow. I believe there are national postal services like we have in the United States, but for MercadoLibre, they use a network of commercial private shippers that go between countries in Latin America for a lot of their shipping.
Hill: Three very different businesses, Steve. Do you have one you want to add to your watchlist?
Broido: I think I'm going with Ron's weird healthcare company.
Gross: [laughs] There's nothing weird about it!
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Chris Hill owns shares of AMZN. Jason Moser has no position in any of the stocks mentioned. Matthew Argersinger owns shares of AMZN and MercadoLibre. Ron Gross owns shares of AMZN. Steve Broido owns shares of AMZN. The Motley Fool owns shares of and recommends AMZN and MercadoLibre. The Motley Fool recommends Healthcare Services Group. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Listen in to find out why they picked Healthcare Services Group (NASDAQ: HCSG) , Ameris Bancorp (NASDAQ: ABCB) , and MercadoLibre (NASDAQ: MELI) . Going to jump back down to Georgia for Ameris Bancorp, ticker ABCB. In this segment from Motley Fool Money , host Chris Hill asks senior analysts Jason Moser, Matt Argersinger, and Ron Gross to discuss the companies they have their eyes on. | Listen in to find out why they picked Healthcare Services Group (NASDAQ: HCSG) , Ameris Bancorp (NASDAQ: ABCB) , and MercadoLibre (NASDAQ: MELI) . Going to jump back down to Georgia for Ameris Bancorp, ticker ABCB. In this segment from Motley Fool Money , host Chris Hill asks senior analysts Jason Moser, Matt Argersinger, and Ron Gross to discuss the companies they have their eyes on. | Listen in to find out why they picked Healthcare Services Group (NASDAQ: HCSG) , Ameris Bancorp (NASDAQ: ABCB) , and MercadoLibre (NASDAQ: MELI) . Going to jump back down to Georgia for Ameris Bancorp, ticker ABCB. In this segment from Motley Fool Money , host Chris Hill asks senior analysts Jason Moser, Matt Argersinger, and Ron Gross to discuss the companies they have their eyes on. | Listen in to find out why they picked Healthcare Services Group (NASDAQ: HCSG) , Ameris Bancorp (NASDAQ: ABCB) , and MercadoLibre (NASDAQ: MELI) . Going to jump back down to Georgia for Ameris Bancorp, ticker ABCB. Gross: [laughs] This is recent recommendation in the Total Income service. |
27911.0 | 2018-03-27 00:00:00 UTC | Ameris Bancorp (ABCB) Ex-Dividend Date Scheduled for March 28, 2018 | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-abcb-ex-dividend-date-scheduled-march-28-2018-2018-03-27 | nan | nan | Ameris Bancorp ( ABCB ) will begin trading ex-dividend on March 28, 2018. A cash dividend payment of $0.1 per share is scheduled to be paid on April 10, 2018. Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 7th quarter that ABCB has paid the same dividend.
The previous trading day's last sale of ABCB was $53.75, representing a -8.98% decrease from the 52 week high of $59.05 and a 30.94% increase over the 52 week low of $41.05.
ABCB is a part of the Finance sector, which includes companies such as J P Morgan Chase & Co ( JPM ) and Bank of America Corporation ( BAC ). ABCB's current earnings per share, an indicator of a company's profitability, is $1.99. Zacks Investment Research reports ABCB's forecasted earnings growth in 2018 as 40.52%, compared to an industry average of 29.2%.
For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ABCB through an Exchange Traded Fund [ETF]?
The following ETF(s) have ABCB as a top-10 holding:
PowerShares DWA Financial Momentum Portfolio ( PFI )
Direxion Daily Regional Banks Bull 3X Shares ( DPST ).
The top-performing ETF of this group is DPST with an increase of 15.04% over the last 100 days. PFI has the highest percent weighting of ABCB at 1.66%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABCB is a part of the Finance sector, which includes companies such as J P Morgan Chase & Co ( JPM ) and Bank of America Corporation ( BAC ). Zacks Investment Research reports ABCB's forecasted earnings growth in 2018 as 40.52%, compared to an industry average of 29.2%. The following ETF(s) have ABCB as a top-10 holding: PowerShares DWA Financial Momentum Portfolio ( PFI ) Direxion Daily Regional Banks Bull 3X Shares ( DPST ). | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ameris Bancorp ( ABCB ) will begin trading ex-dividend on March 28, 2018. | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. The following ETF(s) have ABCB as a top-10 holding: PowerShares DWA Financial Momentum Portfolio ( PFI ) Direxion Daily Regional Banks Bull 3X Shares ( DPST ). | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. Ameris Bancorp ( ABCB ) will begin trading ex-dividend on March 28, 2018. This marks the 7th quarter that ABCB has paid the same dividend. |
27912.0 | 2018-01-29 00:00:00 UTC | Ameris Bancorp (ABCB) Q4 2017 Earnings Conference Call Transcript | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-abcb-q4-2017-earnings-conference-call-transcript-2018-01-29 | nan | nan | Ameris Bancorp (NASDAQ: ABCB)
Q4 2017 Earnings Conference Call
Jan. 26, 2018 10:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Hello, everyone, and welcome to the Ameris Bancorp Fourth-Quarter 2017 Financial Results Conference Call. All participants will be in the listen-only mode. Should you need assistance, please signal a conference specialist by pressing the * key followed by 0. After today's presentation, there will be an opportunity to ask questions.
To ask a question, you may press *, then 1 on your telephone keypad. To withdraw your question, please press *, then 2. Please note that this event is being recorded. I would now like to turn the conference over to Nicole Stokes.
Please go ahead.
Nicole Stokes -- Chief Financial Officer
Thank you, Steven, and thank you for all who joined our call today. During the call, we will be referencing the press releases and the financial highlights that are available on the Investor Relations section of our website at amerisbanc.com. I'm joined today by Ed Hortman, our executive chairman, president, and CEO; and Dennis Zember, our executive vice president and chief operating officer. Ed will make opening comments about the quarter and the acquisition announcement made this morning, I'll spend some time going over the details of the financial results, and then Dennis will further discuss the acquisitions and our strategy going forward.
Before we begin, I need to remind everybody that our comments may include forward-looking statements. These statements are subject to risks and uncertainties and the actual results could vary materially. We will list some of the factors that might cause results to differ in our press release and in our SEC filings, which are available on our website. We do not assume any obligation to update or [Inaudible] our forward-looking statements as a result of new information, early developments, or otherwise, except as required by law.
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Also during the call, we will discuss certain non-GAAP financial measures in reference to our company's performance. You can see our reconciliation of these measures and GAAP financial measures in the appendix to our presentation. And with that, I'll turn it over to Ed Hortman for opening comments.
Ed Hortman -- Executive Chairman, Chief Executive Officer of Ameris Bancorp
Thank you, Nicole, and good morning, everyone. Not to correct Nicole but I will add that Dennis Zember is also the CEO of Ameris Bank and is the chief operating officer of the company, and Nicole, who you just heard, our new chief financial officer, has assumed the new role today after her much-deserved promotion on January 1, 2018. So, I'll make some opening comments about the quarter and then discuss the acquisition announcement that was made earlier today.Before I do that, I want to talk a little about your BSA and AMA program. The last investor call we had on November 17, I told you that we had a very high degree of confidence that the consent order was going to be lifted soon, and I'm proud to say that the order was officially listed on December 14, 2017, less than one year after we entered into the order.
I want to reinforce how proud I am of our team and our whole company for coming together and working through the consent order in record time. Not only did we comply with the order but we built the scalable program that's positioned to feed our needs as we continue to grow the bank. And additionally, we achieved that without losing our focus on our core bank and continued our positive momentum delivering outstanding financial results. For the fourth quarter, we reported operating earnings of $0.63 per share, which excludes adjustment of $0.36 attributable to reevaluation for deferred-tax assets from the lower federal tax rates as well as a few small items, merger charges, final expenses related to BSA, and a loss on the sale of a portion of the mortgage pool.
Including these charges we reported earnings of $9.2 million, or $0.24 per share. For the full year 2017, our operating earnings were $92.3 million, compared to $80.6 million in 2016. I really like the way we grew earnings in 2017, managing just a slight uptick in the margin, [Inaudible] credit cost and a very small decrease in operating efficiency despite continuing to invest where we needed to continue to grow our company. We grew earnings the way we anticipated by relying on our growth engine and managing as tight as we could on the operating expenses.
This was a challenging year, with the margin pressures from the flat yield curve and the normal operating expense pressures a fast-growing bank faces, but we managed through that and posted impressive operating results and stable-to-improving operating ratios across the board. Nicole will talk more about our earnings for the year and the quarter in a moment. So, I'll shift quickly to the other announcements we made this morning. First, we're on track with our Atlantic Coast transaction with our application submitted and being worked by the regulatory agencies.
I still anticipate that this will close on time near the end of the first quarter of 2018. Today, we're announcing that we've negotiated to buy the remainder of US Premium Finance, which we've been operating together with [Inaudible] for the past year. The vast majority of lift in earnings per share came when we entered into the joint marketing agreement, and this transaction will only slightly impact our earnings per share in 2019 that is increasingly accreted over the coming years with its impressive growth rate. Bill has agreed to continue working with us for an extended period to help us keep building the business and we're excited to be in this position with him and his outstanding team.
Lastly, we announced morning signing of a definitive agreement with Hamilton State Bank shares in Atlanta. This acquisition is important for several reasons. First, the deal will take us over $10 billion at closing and our economics on the deal were strong enough to more than pay for that cost using our normally conservative estimates and modeling assumptions. Second, maybe more importantly, the deal leverages us in one of the best markets in the Southeast.
We're already growing at a very respectable pace and this deal and this market assures our investors that our attractive growth rates will continue for the foreseeable future. Dennis will talk more about our vision for Atlanta shortly but as we put this deal together, I was remembering the success we've had executing our vision for our company's growth in the past decade with attractive deals and hard work and my confidence is really bolstered that this vision for the Atlanta market will be really meaningful for us and investors as we move forward. Lastly about the integration, Hamilton State operates a community bank model which fits very nicely with the Ameris Bank model and we believe will help in quick and effective integration of their employees and customers. We anticipate that this deal will close sometime in the third quarter this year after the appropriate regulatory approvals are received and the conversion will be completed soon thereafter.
Nicole, I'll stop here and turn the call over to you to review the financial results.
Nicole Stokes -- Chief Financial Officer
Thank you. As Ed mentioned earlier, we're reporting earnings of $0.24 per share and operating earnings of $0.63 per share for the fourth quarter, which excludes the $13.4 million tax expense or $0.36 per share attributable to the deferred-tax remeasurement related to the change in our future tax rate as well as a few small items that are discussed in detail in our press release. Outside of these charges we recorded operating net income of approximately $23.6 million, or $0.63 per share, compared to $22.5 million, or $0.63, in the same quarter last year. For the full year, we grew our operating earnings by 25%, to $2.48.
Our full year-to-date operating earnings [Inaudible] the same amounts for the quarter, and there's a reconciliation at the early part of the press release that you can reference that we detail out those numbers. During the fourth quarter, we recorded a reduction in our deferred-tax asset, or DTA, of $13.4 million, or $0.36 per share. That was due to the passing of the Tax Cut and Jobs Act. We expect that the lower tax rate will increase our EPS by about $0.44 to $0.46 per share in 2018, meaning about a nine-month earn-back on this write-off.
We do expect a slightly lower margin going forward from the impact of our [Inaudible] book by approximately 6 basis points and I considered all this in our EPS adjustment that we're projecting. During the fourth quarter, we sold approximately $120 million of the purchased loan pool that will be yielding around $290, expecting to reinvest those funds in loan products at the current production yield, which is about 200 basis points higher. The loan sale impacted earnings by about $475,000 during the fourth quarter because of accelerated amortization but it gives us some room on the loan-to-deposit ratio and positions us for a stronger margin and return on asset once those funds are reinvested, which we believe will be about a quarter. One of the key metrics we've focused on in 2017 is the operating efficiency ratio.
Our operating efficiency ratio for the fourth quarter was 60.88 and the ratio of the full year was 60.27. This is an improvement compared to our 2016 operating ratio of 61.55. However, we continue to press for a better ratio at the sub-60 level on a consistent basis. We believe the additional USPF purchase along with the efficiency we gained from our recently announced acquisitions of Atlantic Coast and Hamilton will get us where we want to be.
Our operating ROA for the year came in at 126, down from the 132 that we reported in 2016. The main driver in our slightly low ROA was mortgage's lower overall contribution to earnings, given the core bank's outside growth during the year. Our return on tangible common equity was $13.91 in the fourth quarter, compared to $17.25 for the same period last year. Its decline is attributable to our increased capital levels, as we have over $158 million more capital, or a 24% increase this year over last year.
Part of that increase comes from capital raised in the first quarter of this year and the remainder is due to our earning stream less dividends paid to shareholders. Our net-interest margin exclusive of accretion improved by 5 basis points during 2017 from 374 in 2016 to 379 in '17. For the year, our yield on loans increased by 13 basis points while our total cost of deposits increased by 60 basis points. We're going to talk about loan and deposit growth in a minute, but I want to mention here how important this increase in margin is considering how we grew the balance sheet organically during 2017 in the current interest rate environment.
The spreads between short- and long-term rates continue to tighten. So, I'm very pleased with our bankers and the effort that they've made to produce these positive results on our margin in this rate environment. Our impact on margin due to incremental asset growth is 469, which is exceptionally good in our current rate environment. Moving on to noninterest expense, noninterest expense increased $16.1 million in 2017.
However, if you remove some of those unusual items, like merger charges, Hurricane Irma, and also we have $14 million of expenses in the premium finance division in '17 that we didn't have in 2016. When you exclude those items, our noninterest expense actually increased only $7.5 million, or 3.7%. Of that increase, retail mortgage, warehouse lending, and SBA lines of business accounted for 41% of that increase. So, excluding those lines of business, our noninterest expense increased almost $4.4 million, or 2.8%.
While I know some of that was technical, my point here is that we were able to spend money where we needed to spend, such as [Inaudible] the strength in BSA group and building the infrastructure of the new equipment-finance division while controlling expenses in other parts of the bank. On the balance sheet side, we grew earning assets by $1 billion to $7.3 billion. We grew core deposits by approximately $665 million as well, with a good bit of that growth coming in the fourth quarter. The fact that we handled this many customers and this much growth and still moved a few basis points higher on the margin is commendable.
Going forward we expect the same amount of growth in 2018 except that we believe the momentum we're developing on the deposit side will come closer to fully funding our loan growth. We continue to see a fairly even split of growth between the lines of business that we operate versus the core bank. We still believe that this is sustainable going into 2018. As far as geography, our strongest and fastest-growing markets have been the Atlanta MSA, which supports the announcement we're making today.
For the year we also had really strong growth in Tallahassee, St. Augustine, Jacksonville, Florida, as well as Greenville, Charleston, and Columbia in South Carolina. Just a few comments on asset quality. Our asset quality remained strong, as our [Inaudible] net charge-off ratio was 12 basis points of total loans and 13 basis points of nonpurchased loans.
Our nonperforming assets as a percentage of total assets decreased to 68 basis points and we were able to reduce our nonperforming assets by $11.4 million, or over 17%, during 2017.With that, Dennis, I'll turn the call over to you for details on our acquisitions and continued strategy.
Dennis Zember -- Chief Executive Officer of Ameris Bank, Chief Operating Officer of Ameris Bancorp
Great. Thank you, Nicole, I'm going to be referencing the investor presentation that we filed this morning as an 8-K and it can be found again on the SEC's website or on our website at amerisbank.com. Let's start with the acquisition of the remainder of US Premium Finance. Our agreement to purchase the business, I believe, is a win-win for us and the company's owners.
In total, including the 5% that we purchased at the end of 2016, our purchase price of approximately $77 million equates to about 5.8 times what we expect 2018 earnings to be from this division. Ed mentioned and I'll second how pleased we've been with the division's growth, the quality of their sales and support staff, the depth of the relationships they have with their insurance agency customers, their consistently strong asset quality, their historical growth rate. Ed mentioned that the additional purchase will not materially affect our go-forward EPS since most of the benefit is already in our earnings, but the purchase will move almost all of the management fee out of our expense load and should reduce our efficiency ratio by about 100 basis points and increase our return on assets accordingly. We're also announcing the acquisition of Hamilton State Bank today.
We've been talking to Hamilton for a couple of years, all along developing our vision for being a significant player in the Atlanta market. We believe that there's real incremental value that we can build for our shareholders with this vision and the acquisition of Hamilton positions us to start realizing that quickly. The deal terms are 90% stock and 10% cash. Shareholders of Hamilton will receive 0.16 shares of Ameris stock and about $0.93 per share of cash.
Using our stock price as of last night, the shareholders of Hamilton will save about $9.47 per share, which work out to roughly about 2.05 times potential book. Our economics are pretty attractive. The deal is break-even to tangible book value and about 3% to 4% accretive to earnings after considering all of the costs and lost revenue for going over $10 billion. Outside of that and on a stand-alone basis, the deal would have been about 6% to 7% accretive to our 2019 EPS estimates.
Our strategy to hit these economics are very realistic and we expect very it's doable. Three main assumptions to discuss here: First, we're assuming growth of the acquired balance sheet of 10%. Nicole mentioned how strong our Atlanta bank is and in Atlanta already we have an outstanding commercial bank that consistently exceeds all of our growth and production goals. Their growth alone in 2017 would have amounted to about 75% of the forecasted pro forma growth that we have for this market and this deal.
Secondly, we're assuming cost savings of 35%, which can be achieved almost entirely with back-room consolidation and for which we have a road map to achieve. We're modeling and are confident that we can complete the conversion and integration before year-end and that 2019 will be a clean year with respect to our operating expense run rate. Lastly, we are assuming virtually no revenue synergies. This is our strong suit, especially in Atlanta, where we have our mortgage, SBA, and Premium Finance groups headquartered.
There's no doubt in my mind that these groups and our commercial bank will work together well and that our footprint here will afford us the opportunity to move the needle on noninterest income. Other financial metrics of the deal support our enthusiasm as well. Our pro forma capital levels after both deals are about 8.1% TCE, climbing to about 8.6% by the end of the year. The deal is slightly accretive to our net-interest margin by a few basis points and importantly it lowers our pro forma loan-to-deposit ratio by about 200 basis points.
Once we've done integrating, the deal will be accretive to our return on assets, our efficiency ratio, and our credit quality. Lastly, before I turn the call back to the operator, let me talk a little about going over $10 billion and give you some assurances on what that means for Ameris Bank and how prepared we are. First, we have been preparing and planning to go over $10 billion for almost two years. Last year's pause on M&A and our intense investment in compliance, BSA infrastructure, and systems better positions us today for being successful in this new chapter.
I look across the company, we are modeling about $1.5 million of additional operating expense, almost all of that centered in data-management and credit-analyst roles that would support the DFAST testing and modeling that we are already well under way with. Outside of that, all the cost of going over $10 billion are already baked into our current run rate. So, with that, I'll turn it back over to Steven for any questions.
Questions and Answers:
Operator
Thank you, sir. We will now begin the question-and-answer session. To ask a question, you may press *, then 1 on your touchtone phone. If you are using a speakerphone, please pick up your handset before pressing the keys.
To withdraw your question, please press *, then 2. And our first question comes from Brady Gailey with KBW. Please go ahead.
Brady Gailey -- KBW -- Analyst
Hey, good morning, guys. So, maybe let's start with talking about the kind of five-year vision for a robust community bank in Atlanta that you talk about in the slides. So, you have $1.4 billion in Atlanta deposits right now. Where are you in Atlanta assets and do you have a goal in mind? Do you want to be $5 billion or some number five years out when you think about the Atlanta market?
Ed Hortman -- Executive Chairman, Chief Executive Officer of Ameris Bancorp
Brady, this is Ed. Thank you. Right now in Atlanta we have about $0.5 billion of total assets before this deal and it's almost all commercially oriented assets. I think when we say when we want to be material, when we look across Atlanta, we want to be material in enough of Atlanta so that we have a recognizable brand.
I think that's probably is something closer to $4 billion to 5 billion of total assets. We think, given our growth rate, that we can probably get half of that with just organic growth and probably another half of that with M&A opportunities that we think exist in Atlanta.
Brady Gailey -- KBW -- Analyst
OK. All right, that's all. And then, I think, when Hamilton raised some capital, they brought on some private equity holders. Can you just remind us how much of Hamilton is private equity-owned and if there's any sort of agreements or lock-up with those shareholders?
Ed Hortman -- Executive Chairman, Chief Executive Officer of Ameris Bancorp
About two-thirds of the shareholder base is private equity. As far as lock-ups, I don't believe we have, we do not have any formal lock-ups. I don't think we have any formal lock-ups. We've had quite a few conversations with them and got to understand their time horizons and have been comfortable with that.
Brady Gailey -- KBW -- Analyst
All right. Just lastly on capital, with this deal TCE will be kind of knocked back down into the 8% range. I know you guys accrete capital at a very fast pace just in your profitability nowadays, but just any update on how you're thinking about capital, would you like to have a little more excess capital for future M&A or do you think that you'll just let your capital kind of grow organically post-deal-close?
Ed Hortman -- Executive Chairman, Chief Executive Officer of Ameris Bancorp
I think what we want to do is see tangible capital growth by about 9%. I think the 9%, especially given how active we want to be in M&A, I think it's important that we stay on upper 8s, low 9s on TCE. The deferred-tax asset write-off and the final acquisition of US Premium Finance negatively affected that, but both of those sort of accrete capital back pretty quickly. I think what we do is probably stand close to pat on the dividend and just accrete capital all the way back.
Again, by the end of the year we think we're gonna be about 860. So, probably early next year we should see getting back close to about the 9% range.
Brady Gailey -- KBW -- Analyst
OK, great. Thanks for the color. Congrats on the deals.
Operator
Our next question comes from Jennifer Demba with SunTrust. Please go ahead.
Jennifer Demba -- SunTrust -- Analyst
Good morning. How long does the Hamilton State acquisition keep you on the M&A sidelines as you integrate this transaction?
Ed Hortman -- Executive Chairman, Chief Executive Officer of Ameris Bancorp
Jennifer, typically the way we look at that is, how long does it take us internally to prepare and then how long does it take to do the [Inaudible] conversion and complete all that integration? And I think one thing that helps us with Hamilton, and I mentioned it in my comment, was being very similar, like-minded about how we treat customers and how we approach customers, and the community bank model will help expedite the culture transition. So, I would expect as soon as we get the conversion done, we would be mentally prepared to be [Inaudible]. So, to really answer your question, we would continue to have conversations through the process and hopefully in 2019 we will greenlight ourselves to execute another opportunity.
Jennifer Demba -- SunTrust -- Analyst
OK. You've got an ambitious goal for Atlanta bank size. Do you anticipate adding any de novo branches inside, more inside the city limits or the business centers inside Atlanta?
Ed Hortman -- Executive Chairman, Chief Executive Officer of Ameris Bancorp
I appreciate you saying that but we don't think it's too ambitious. From what we've done in the past, we think that's really reasonable, and our expectation is we'll use the branches that we have and our business bankers. As you probably know, Hamilton kind of circles around Atlanta, not a lot of downtown presence. What we have now in Atlanta is midtown.
So, it'll complement each other but I don't think you'll see us doing a lot of de novo branching, no.
Jennifer Demba -- SunTrust -- Analyst
Thank you very much.
Operator
Our next question comes from Will Curtis with Piper Jaffray. Please go ahead.
Will Curtis -- Piper Jaffray -- Analyst
Hey, good morning, everyone. Maybe just talk a little bit about the earnings. The other expenses, I believe, you mentioned in the release, the increase is related to the Premium Finance. So, curious if there was anything else that may have been a little unusual this quarter in that line and how you're thinking about that line going forward?
Nicole Stokes -- Chief Financial Officer
So, in the, you mean the noninterest expense?
Will Curtis -- Piper Jaffray -- Analyst
Correct.
Nicole Stokes -- Chief Financial Officer
So are you asking about the items that were already excluded, some of those in the first table, such as the merger-related charges? And then we have that reconciliation in the press release. Maybe I'm not understanding your question, I'm sorry.
Will Curtis -- Piper Jaffray -- Analyst
Sure. I mean, I guess when I back those out, I've got other expenses at around a little over $11 million.
Nicole Stokes -- Chief Financial Officer
So, you backed out the US Premium Finance as well? And then we also have the build-out of the equipment-finance division that we had in 2017 that we did not have in 2016 and then we also have the strengthening of the BSA Group. So, on our financial tables where we exclude the BSA charges, we're only excluding the one-time charges to get it out of the consent order, like the look-back expense. We did not exclude the ongoing costs of building out that staff and that group. So, that increased in '17 versus '16.
Will Curtis -- Piper Jaffray -- Analyst
OK. And then maybe kind of sticking with expenses, are you guys planning on accelerating any planned projects, reinvesting any of the tax savings that may add to the expense base outside of the deals that you guys have pending?
Ed Hortman -- Executive Chairman, Chief Executive Officer of Ameris Bancorp
As of right now, Will, we don't. As of right now, we intend to just accrete capital back with that but for right now, no. Outside of the, any strategies or infrastructure field to accommodate the $10 billion cost, no, we don't.
Will Curtis -- Piper Jaffray -- Analyst
OK. And then maybe, Nicole, just to clarify the comment on kind of around the margins. You mentioned that the reinvestment will add 3 basis points and you expect that to be done in a quarter. Is that first quarter or is that second quarter when we will see that?
Nicole Stokes -- Chief Financial Officer
Probably by the second quarter to see all of that flow back in.
Will Curtis -- Piper Jaffray -- Analyst
OK and then you have the 6 basis point negative tax adjustment. All right. OK, that's it for me. Thank you.
Nicole Stokes -- Chief Financial Officer
Great. Thank you.
Operator
Once again, if you have a question, please press *, then 1 on your telephone keypad. And our next question comes from Christopher Marinac with FIG Partners. Please go ahead.
Christopher Marinac -- FIG Partners -- Analyst
Hey, thanks. Good morning. Just wanted to ask the Durbin Crossing [Inaudible] the curve for you or the Durbin charge should begin in the third quarter of '19. Is that right?
Ed Hortman -- Executive Chairman, Chief Executive Officer of Ameris Bancorp
That's right.
Christopher Marinac -- FIG Partners -- Analyst
OK, that's what I thought. And then from a strategic standpoint, I know you're talking in the slides a little bit about the sort of metro versus nonmetro. But can you talk a little about the loan side? How much in Atlanta are you doing that is closer to the city center? It's kind of like getting a look back to Jenny's question a few minutes ago.
Ed Hortman -- Executive Chairman, Chief Executive Officer of Ameris Bancorp
How much of our lending right now is in the Atlanta market?
Christopher Marinac -- FIG Partners -- Analyst
Correct and I guess, if you really refined it closer in to where midtown is and also to the sort of the main thoroughfares and in the marketplace.
Ed Hortman -- Executive Chairman, Chief Executive Officer of Ameris Bancorp
Our Atlanta group focus is really in DeKalb, Fulton, and Cobb counties. The vast majority of everything we do is in those markets. Really the further out you go, all of our lenders live probably 2 or 3 miles from our office there in midtown. The majority of the growth is definitely inside the perimeter.
Some of it, again, I'll tell you, is out in the Cobb County area but the vast majority is there in town.
Christopher Marinac -- FIG Partners -- Analyst
OK. So, with Hamilton's footprint as the map shown in the presentation, does that push the lending further out or do you simply use that as a funding mechanism to keep doing what you're doing with the current lending strategy?
Ed Hortman -- Executive Chairman, Chief Executive Officer of Ameris Bancorp
Exactly. I think we'll use that primarily as a funding mechanism. I think we anticipate being able to be very aggressive on the deposit side with a much larger footprint in Atlanta, which we've not been able to do. Hamilton does lending kind of in lines of business.
So, it's similar to what we do on the line-of-business side around here. We will do lending in some of those markets but the majority of our lending will continue to be focused the way we have it right now and we'll use that footprint for kind of really intense efforts on deposit-gather.
Christopher Marinac -- FIG Partners -- Analyst
Got it, OK. And then just from the timing standpoint, could you remind us of the sort of integration and systems conversions on Atlantic Coast and then how the timing will go with Hamilton?
Nicole Stokes -- Chief Financial Officer
Right now we have the regulatory approval pending. We still believe it will close in the first quarter, late in the first quarter. We have a data conversion plan for the second quarter. And then Hamilton we expect to close in the third quarter and then we'll start working on that conversion plan and typically it's [Inaudible] possible after the legal close.
Christopher Marinac -- FIG Partners -- Analyst
OK. So, hopefully, by year-end you'll have that one done so that finishes the year. OK, got it.
Ed Hortman -- Executive Chairman, Chief Executive Officer of Ameris Bancorp
Chris, historically, we've been able to do those conversions within 90 days and being the end of the year, it might be a little tricky but we would expect it to be within 90 days, which is what we've accomplished in every other transaction.
Christopher Marinac -- FIG Partners -- Analyst
OK. And there's still capacity to do additional transactions. You obviously just time it differently in terms of what you do with something else down the road?
Ed Hortman -- Executive Chairman, Chief Executive Officer of Ameris Bancorp
Exactly. It's not quite as easy as it sounds. There's an awful lot of work that goes into mapping and work ahead of time. So, it's very detailed and time-consuming but, as you know, with the number of deals that we've done, we have the procedure down fairly well and typically don't run into any big problems.
So, we'd expect it to be smooth.
Christopher Marinac -- FIG Partners -- Analyst
Sounds good, guys. Thank you for additional color. Appreciate it.
Ed Hortman -- Executive Chairman, Chief Executive Officer of Ameris Bancorp
Thank you.
Operator
And as a reminder, if you'd like to ask a question, please press *, then 1 on your telephone keypad. And our next question comes from Tyler Stafford from Stephens. Please go ahead.
Tyler Stafford -- Stephens -- Analyst
Hey, good morning, guys. Nice quarter and congratulations on the deal. I just hopped on a couple of minutes ago, so I apologize if you've already covered any of this. In terms of Hamilton, can you just talk about the revenue synergy potential here? What could be kind of incremental to the EPS accretion that you guys laid out that's not embedded in that?
Ed Hortman -- Executive Chairman, Chief Executive Officer of Ameris Bancorp
There are several things. One is, we get a good bit of our SBA opportunity from our existing branch network and from our existing bankers. So, we think there's a real opportunity there. The big opportunity is mortgage.
Hamilton has a pretty successful and pretty profitable reach on residential construction. When you look across Atlanta, there's several reports that showed them No. 3 or 4 in residential lending. Everybody on the call knows what percentage of our residential lending we capture in our mortgage group.
It's very high. So, I think that alone provides a pretty significant lift. If you look at what we do in Savannah, Jacksonville, St. Augustine, really all over South Carolina, we're No. 1 or 2 in mortgage originations in all of those markets, and that's what we expect in Atlanta. Although our group is headquartered in Atlanta, we do most of our mortgage production outside of that. So, this is all sort of a de novo opportunity for us. Hamilton does not have a very strong mortgage banking activity.
And so, we think that alone is pretty profitable. One more thing, Tyler. If you go back to all the other deals we've done, we really never model in mortgage revenues, we never model in SBA revenues, service charge synergy. We get those in virtually every deal.
And so, if there was one deal that I think we could have justified, it probably would have been this one.
Tyler Stafford -- Stephens -- Analyst
Got it. OK, helpful. Thanks. Dennis, on the USPF, can you just remind us of the mechanics now that you own 100% of that? What the financial impact on Ameris will be that we should see on our side?
Dennis Zember -- Chief Executive Officer of Ameris Bank, Chief Operating Officer of Ameris Bancorp
Right now we pay somewhere between $5.5 million and $6 million of management fees, which will be going away and in 2018. So, the pre-tax impact would probably be $5.5 million to $6 million. Nicole's confirming. And then the after-tax aspect of that.
Really that's the only difference and that's in the other noninterest expense line, I guess, that Will was asking about earlier. So, that's how we're forecasting the decrease in operating efficiency. From a revenue standpoint there's not going to be a margin or revenue lift because, again, all those revenues are already coming to us. Now that we're the 100% owner, we're not going to have to pay the management fees.
Tyler Stafford -- Stephens -- Analyst
OK, got it. And then all in with ACFC and Hamilton. Again, apologize if you already covered this. Is your loan-to-deposit ratio moving down or, I guess, stayed now, call it, in the low 90s?
Ed Hortman -- Executive Chairman, Chief Executive Officer of Ameris Bancorp
Yeah. As of the end of the year, our pro forma loan-to-deposit ratio with Atlantic Coast was about 93.5 and pro forma with Hamilton dropped about 200 basis points.
Tyler Stafford -- Stephens -- Analyst
Got it, OK. And then on the loan growth outlook side of things, the 15%-plus loan growth, can you just talk about the portfolios, I guess, the mix of that that you expect to see this year. What portfolios are going to kind of make up that 15%-plus growth?
Ed Hortman -- Executive Chairman, Chief Executive Officer of Ameris Bancorp
Yeah. I'll start with US Premium Finance. I think we would see just as much growth as we saw last year or about. I would say US Premium Finance and equipment finance will be probably about 25% to 30% of the growth.
I think that the core bank, what we do kind of commercially, just our bread-and-butter commercial real estate will probably end up being about higher which is about what it was this year. We're a little better on consumer than we've been, not that we're going to develop a lot of momentum there, but consumer and residential lending probably will make up the difference there, probably another 15% to 20%.
Tyler Stafford -- Stephens -- Analyst
OK. And just last within that, the mortgage loan pool expectations, could we see more one-off sales or will that just kind of naturally cash-flow off?
Nicole Stokes -- Chief Financial Officer
We think that that will naturally cash-flow off, going forward.
Tyler Stafford -- Stephens -- Analyst
Got it. OK, that's it for me. Thanks again.
Nicole Stokes -- Chief Financial Officer
Great, thank you.
Operator
There are no further questions at this time. I'd like to turn the conference back over Dennis Zember for any closing remarks.
Dennis Zember -- Chief Executive Officer of Ameris Bank, Chief Operating Officer of Ameris Bancorp
All right, thank you again for all that joined us. If you have any questions or comments, please feel free to call or email me or Ed or Nicole. Thank you. Have a great day.
Duration: 40 minutes
Call Participants:
Nicole Stokes -- Chief Financial Officer
Ed Hortman -- Executive Chairman of Ameris Bank, Chief Executive Officer of Ameris Bancorp
Dennis Zember -- Chief Executive Officer of Ameris Bank, Chief Operating Officer of Ameris Bancorp
Brady Gailey -- KBW -- Analyst
Jennifer Demba -- SunTrust -- Analyst
Will Curtis -- Piper Jaffray -- Analyst
Christopher Marinac -- FIG Partners -- Analyst
Tyler Stafford -- Stephens -- Analyst
More ABCB analysis
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see ourTerms and Conditionsfor additional details, including our Obligatory Capitalized Disclaimers of Liability.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris Bancorp (NASDAQ: ABCB) Q4 2017 Earnings Conference Call Jan. 26, 2018 10:00 a.m. Duration: 40 minutes Call Participants: Nicole Stokes -- Chief Financial Officer Ed Hortman -- Executive Chairman of Ameris Bank, Chief Executive Officer of Ameris Bancorp Dennis Zember -- Chief Executive Officer of Ameris Bank, Chief Operating Officer of Ameris Bancorp Brady Gailey -- KBW -- Analyst Jennifer Demba -- SunTrust -- Analyst Will Curtis -- Piper Jaffray -- Analyst Christopher Marinac -- FIG Partners -- Analyst Tyler Stafford -- Stephens -- Analyst More ABCB analysis This article is a transcript of this conference call produced for The Motley Fool. For the fourth quarter, we reported operating earnings of $0.63 per share, which excludes adjustment of $0.36 attributable to reevaluation for deferred-tax assets from the lower federal tax rates as well as a few small items, merger charges, final expenses related to BSA, and a loss on the sale of a portion of the mortgage pool. | Duration: 40 minutes Call Participants: Nicole Stokes -- Chief Financial Officer Ed Hortman -- Executive Chairman of Ameris Bank, Chief Executive Officer of Ameris Bancorp Dennis Zember -- Chief Executive Officer of Ameris Bank, Chief Operating Officer of Ameris Bancorp Brady Gailey -- KBW -- Analyst Jennifer Demba -- SunTrust -- Analyst Will Curtis -- Piper Jaffray -- Analyst Christopher Marinac -- FIG Partners -- Analyst Tyler Stafford -- Stephens -- Analyst More ABCB analysis This article is a transcript of this conference call produced for The Motley Fool. Ameris Bancorp (NASDAQ: ABCB) Q4 2017 Earnings Conference Call Jan. 26, 2018 10:00 a.m. Dennis Zember -- Chief Executive Officer of Ameris Bank, Chief Operating Officer of Ameris Bancorp Great. | Duration: 40 minutes Call Participants: Nicole Stokes -- Chief Financial Officer Ed Hortman -- Executive Chairman of Ameris Bank, Chief Executive Officer of Ameris Bancorp Dennis Zember -- Chief Executive Officer of Ameris Bank, Chief Operating Officer of Ameris Bancorp Brady Gailey -- KBW -- Analyst Jennifer Demba -- SunTrust -- Analyst Will Curtis -- Piper Jaffray -- Analyst Christopher Marinac -- FIG Partners -- Analyst Tyler Stafford -- Stephens -- Analyst More ABCB analysis This article is a transcript of this conference call produced for The Motley Fool. Ameris Bancorp (NASDAQ: ABCB) Q4 2017 Earnings Conference Call Jan. 26, 2018 10:00 a.m. Dennis Zember -- Chief Executive Officer of Ameris Bank, Chief Operating Officer of Ameris Bancorp Great. | Duration: 40 minutes Call Participants: Nicole Stokes -- Chief Financial Officer Ed Hortman -- Executive Chairman of Ameris Bank, Chief Executive Officer of Ameris Bancorp Dennis Zember -- Chief Executive Officer of Ameris Bank, Chief Operating Officer of Ameris Bancorp Brady Gailey -- KBW -- Analyst Jennifer Demba -- SunTrust -- Analyst Will Curtis -- Piper Jaffray -- Analyst Christopher Marinac -- FIG Partners -- Analyst Tyler Stafford -- Stephens -- Analyst More ABCB analysis This article is a transcript of this conference call produced for The Motley Fool. Ameris Bancorp (NASDAQ: ABCB) Q4 2017 Earnings Conference Call Jan. 26, 2018 10:00 a.m. After today's presentation, there will be an opportunity to ask questions. |
27913.0 | 2018-01-26 00:00:00 UTC | Financial Sector Update for 01/26/2018: JPM, BAC, WFC, C, USB, ETFC, COF, ABCB, SMMF | ABCB | https://www.nasdaq.com/articles/financial-sector-update-01262018-jpm-bac-wfc-c-usb-etfc-cof-abcb-smmf-2018-01-26 | nan | nan | Top Financial Shares:
JPM: +0.3%
BAC: +0.2%
WFC: flat
C: +0.4%
USB: +0.1%
Financial shares were positive in pre-market trading on Friday, as investors turned their focus on US President Donald Trump's speech to the World Economic Forum in Davos, as well as the gross domestic product for Q4.
Q4 GDP was 2.6%, which missed expectations for 2.9 due mainly to lower inventory production and larger trade deficit. Despite falling short of forecasts, the number still indicates a healthy economy, with readings of 3% over the past two quarters.
Expected movers:
- E*TRADE Financial ( ETFC ): down 4% after reporting Q4 revenue beat; acquired retail brokerage accounts from Capital One Financial Corporation ( COF )
- Summit Financial ( SMMF ): detailed the impact of the tax reform on its Q4 EPS, reported revenue below expectations
Other news:
- Ameris Bancorp ( ABCB ): reported Q4 adjusted earnings above Street estimates but missed on revenue; signed a definitive deal to acquire Hamilton State Bancshares Inc., the parent company for Hamilton State Bank
News from overseas:
- Aberforth Smaller Companies Trust PLC (ASL/LN) said its total return in 2017 outperformed that of its benchmark index, as the trust benefitted from the global synchronisation of economic recovery
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Expected movers: - E*TRADE Financial ( ETFC ): down 4% after reporting Q4 revenue beat; acquired retail brokerage accounts from Capital One Financial Corporation ( COF ) - Summit Financial ( SMMF ): detailed the impact of the tax reform on its Q4 EPS, reported revenue below expectations Other news: - Ameris Bancorp ( ABCB ): reported Q4 adjusted earnings above Street estimates but missed on revenue; signed a definitive deal to acquire Hamilton State Bancshares Inc., the parent company for Hamilton State Bank News from overseas: - Aberforth Smaller Companies Trust PLC (ASL/LN) said its total return in 2017 outperformed that of its benchmark index, as the trust benefitted from the global synchronisation of economic recovery The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Financial shares were positive in pre-market trading on Friday, as investors turned their focus on US President Donald Trump's speech to the World Economic Forum in Davos, as well as the gross domestic product for Q4. Q4 GDP was 2.6%, which missed expectations for 2.9 due mainly to lower inventory production and larger trade deficit. | Expected movers: - E*TRADE Financial ( ETFC ): down 4% after reporting Q4 revenue beat; acquired retail brokerage accounts from Capital One Financial Corporation ( COF ) - Summit Financial ( SMMF ): detailed the impact of the tax reform on its Q4 EPS, reported revenue below expectations Other news: - Ameris Bancorp ( ABCB ): reported Q4 adjusted earnings above Street estimates but missed on revenue; signed a definitive deal to acquire Hamilton State Bancshares Inc., the parent company for Hamilton State Bank News from overseas: - Aberforth Smaller Companies Trust PLC (ASL/LN) said its total return in 2017 outperformed that of its benchmark index, as the trust benefitted from the global synchronisation of economic recovery The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Top Financial Shares: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Expected movers: - E*TRADE Financial ( ETFC ): down 4% after reporting Q4 revenue beat; acquired retail brokerage accounts from Capital One Financial Corporation ( COF ) - Summit Financial ( SMMF ): detailed the impact of the tax reform on its Q4 EPS, reported revenue below expectations Other news: - Ameris Bancorp ( ABCB ): reported Q4 adjusted earnings above Street estimates but missed on revenue; signed a definitive deal to acquire Hamilton State Bancshares Inc., the parent company for Hamilton State Bank News from overseas: - Aberforth Smaller Companies Trust PLC (ASL/LN) said its total return in 2017 outperformed that of its benchmark index, as the trust benefitted from the global synchronisation of economic recovery The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Despite falling short of forecasts, the number still indicates a healthy economy, with readings of 3% over the past two quarters. All rights reserved. | Expected movers: - E*TRADE Financial ( ETFC ): down 4% after reporting Q4 revenue beat; acquired retail brokerage accounts from Capital One Financial Corporation ( COF ) - Summit Financial ( SMMF ): detailed the impact of the tax reform on its Q4 EPS, reported revenue below expectations Other news: - Ameris Bancorp ( ABCB ): reported Q4 adjusted earnings above Street estimates but missed on revenue; signed a definitive deal to acquire Hamilton State Bancshares Inc., the parent company for Hamilton State Bank News from overseas: - Aberforth Smaller Companies Trust PLC (ASL/LN) said its total return in 2017 outperformed that of its benchmark index, as the trust benefitted from the global synchronisation of economic recovery The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Top Financial Shares: WFC: flat |
27914.0 | 2018-01-26 00:00:00 UTC | Financial Sector Update for 01/26/2018: EQIX, ETFC, ABCB, SMMF, COF | ABCB | https://www.nasdaq.com/articles/financial-sector-update-01262018-eqix-etfc-abcb-smmf-cof-2018-01-26 | nan | nan | (Corrects second to last sentence in last paragraph saying E*Trade Financial ( ETFC ) missed EPS estimates. ETFC did not miss EPS estimates. It actually reported Q4 EPS of $0.48, which included $0.16 per share related to tax reform and other items, compared with the prior-year period's $0.46 per share. Analysts polled by Capital IQ were expecting GAAP and non-GAAP EPS of $0.61. A correct version follows.)
Top Financial Stocks
JPM +0.23%
BAC +0.20%
WFC +0.20%
C +0.60%
USB +0.03%
Financial stocks added to slight earlier gains, with the NYSE Financial Sector Index rising more than 0.3% while financial companies in the S&P 500 Index were adding almost 0.6%. Elsewhere, the Philadelphia Housing Sector Index was down about 0.2%.
In economic news:
Q4 GDP was 2.6%, which missed expectations for 2.9%, due mainly to lower inventory production and larger trade deficit. Despite falling short of forecasts, the number still indicates a healthy economy, with readings of 3% over the past two quarters.
Among financial stocks moving on news:
- Equinix ( EQIX ) was little changed in late Friday trade, reversing all of a 2% drop to a session low of $432.01 a share that followed the real estate investment trust's last night saying CEO Steve Smith resigned after admitting to "exercising poor judgment with respect to an employee matter." The company did not provide additional details, although it stressed the move was not related to its operations or financial condition. Executive board chairman and former Equinix chief executive Peter Van Camp was named interim CEO during the search for a permanent replacement.
In other sector news:
+ Ameris Bancorp ( ABCB ) climbed to a new record high on Friday, rising more than 6% to a best-ever $56.85 a share, after the company announced a deal to purchase Hamilton State Bancshares for $405.7 mln. The transaction is expected to close in Q3, subject to regulatory approvals and other customary closing conditions. The bank also reported adjusted Q4 net income of $0.63 per share, matching its year-ago non-GAAP profit and also in-line with Street views. Revenue slipped about 0.9% to $93.1 mln and missed the $96.3 mln consensus call.
- Summit Financial ( SMMF ) dropped almost 4% after the compant said it earned $0.19 per share during the three months ended Dec. 31, including a $0.28 per share one-time charge linked to federal tax changes. Total revenue rose 29.7% year over year to $21.4 mln. Analysts polled by Capital IQ were expecting GAAP and non-GAAP earning of $0.53 per share on $23.2 mln in revenue.
- E*Trade Financial ( ETFC ) has pared more than half of a 5% decline that followed the brokerage company's Friday morning acquiring more than 1 mln retail brokerage account from Capital One Financial Corp ( COF ) for $170 mln, upstaging better-than-expected Q4 revenue. It expects the transaction will have a neutral effect on FY18 earnings and adding about $0.06 per share to its net income next year. The company also reported Q4 EPS of $0.48, which included $0.16 per share related to tax reform and other items, compared with the prior-year period's $0.46 per share. Analysts polled by Capital IQ were expecting GAAP and non-GAAP EPS of $0.61. Revenue grew 25.1% year over year to $637 mln, topping the $629 mln analyst consensus.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In other sector news: + Ameris Bancorp ( ABCB ) climbed to a new record high on Friday, rising more than 6% to a best-ever $56.85 a share, after the company announced a deal to purchase Hamilton State Bancshares for $405.7 mln. Among financial stocks moving on news: - Equinix ( EQIX ) was little changed in late Friday trade, reversing all of a 2% drop to a session low of $432.01 a share that followed the real estate investment trust's last night saying CEO Steve Smith resigned after admitting to "exercising poor judgment with respect to an employee matter." The bank also reported adjusted Q4 net income of $0.63 per share, matching its year-ago non-GAAP profit and also in-line with Street views. | In other sector news: + Ameris Bancorp ( ABCB ) climbed to a new record high on Friday, rising more than 6% to a best-ever $56.85 a share, after the company announced a deal to purchase Hamilton State Bancshares for $405.7 mln. It actually reported Q4 EPS of $0.48, which included $0.16 per share related to tax reform and other items, compared with the prior-year period's $0.46 per share. Analysts polled by Capital IQ were expecting GAAP and non-GAAP earning of $0.53 per share on $23.2 mln in revenue. | In other sector news: + Ameris Bancorp ( ABCB ) climbed to a new record high on Friday, rising more than 6% to a best-ever $56.85 a share, after the company announced a deal to purchase Hamilton State Bancshares for $405.7 mln. Financial stocks added to slight earlier gains, with the NYSE Financial Sector Index rising more than 0.3% while financial companies in the S&P 500 Index were adding almost 0.6%. Analysts polled by Capital IQ were expecting GAAP and non-GAAP earning of $0.53 per share on $23.2 mln in revenue. | In other sector news: + Ameris Bancorp ( ABCB ) climbed to a new record high on Friday, rising more than 6% to a best-ever $56.85 a share, after the company announced a deal to purchase Hamilton State Bancshares for $405.7 mln. Financial stocks added to slight earlier gains, with the NYSE Financial Sector Index rising more than 0.3% while financial companies in the S&P 500 Index were adding almost 0.6%. Analysts polled by Capital IQ were expecting GAAP and non-GAAP earning of $0.53 per share on $23.2 mln in revenue. |
27915.0 | 2018-01-26 00:00:00 UTC | Financial Sector Update for 01/26/2018: EQIX, ETFC, ABCB, SMMF, COF | ABCB | https://www.nasdaq.com/articles/financial-sector-update-01262018-eqix-etfc-abcb-smmf-cof-2018-01-26-0 | nan | nan | Top Financial Stocks
JPM +0.23%
BAC +0.20%
WFC +0.20%
C +0.60%
USB +0.03%
Financial stocks added to slight earlier gains, with the NYSE Financial Sector Index rising more than 0.3% while financial companies in the S&P 500 Index were adding almost 0.6%. Elsewhere, the Philadelphia Housing Sector Index was down about 0.2%.
In economic news:
Q4 GDP was 2.6%, which missed expectations for 2.9%, due mainly to lower inventory production and larger trade deficit. Despite falling short of forecasts, the number still indicates a healthy economy, with readings of 3% over the past two quarters.
Among financial stocks moving on news:
- Equinix ( EQIX ) was little changed in late Friday trade, reversing all of a 2% drop to a session low of $432.01 a share that followed the real estate investment trust's last night saying CEO Steve Smith resigned after admitting to "exercising poor judgment with respect to an employee matter." The company did not provide additional details, although it stressed the move was not related to its operations or financial condition. Executive board chairman and former Equinix chief executive Peter Van Camp was named interim CEO during the search for a permanent replacement.
In other sector news:
+ Ameris Bancorp ( ABCB ) climbed to a new record high on Friday, rising more than 6% to a best-ever $56.85 a share, after the company announced a deal to purchase Hamilton State Bancshares for $405.7 mln. The transaction is expected to close in Q3, subject to regulatory approvals and other customary closing conditions. The bank also reported adjusted Q4 net income of $0.63 per share, matching its year-ago non-GAAP profit and also in-line with Street views. Revenue slipped about 0.9% to $93.1 mln and missed the $96.3 mln consensus call.
- Summit Financial ( SMMF ) dropped almost 4% after the compant said it earned $0.19 per share during the three months ended Dec. 31, including a $0.28 per share one-time charge linked to federal tax changes. Total revenue rose 29.7% year over year to $21.4 mln. Analysts polled by Capital IQ were expecting GAAP and non-GAAP earning of $0.53 per share on $23.2 mln in revenue.
- E*Trade Financial ( ETFC ) has pared more than half of a 5% decline that followed the brokerage company's Friday morning acquiring more than 1 mln retail brokerage account from Capital One Financial Corp ( COF ) for $170 mln, upstaging better-than-expected Q4 revenue. It expects the transaction will have a neutral effect on FY18 earnings and adding about $0.06 per share to its net income next year. The company also reported Q4 EPS of $0.48, trailing the $0.61 per share Street view. Revenue grew 25.1% year over year to $637 mln, topping the $629 mln analyst consensus.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In other sector news: + Ameris Bancorp ( ABCB ) climbed to a new record high on Friday, rising more than 6% to a best-ever $56.85 a share, after the company announced a deal to purchase Hamilton State Bancshares for $405.7 mln. Among financial stocks moving on news: - Equinix ( EQIX ) was little changed in late Friday trade, reversing all of a 2% drop to a session low of $432.01 a share that followed the real estate investment trust's last night saying CEO Steve Smith resigned after admitting to "exercising poor judgment with respect to an employee matter." The bank also reported adjusted Q4 net income of $0.63 per share, matching its year-ago non-GAAP profit and also in-line with Street views. | In other sector news: + Ameris Bancorp ( ABCB ) climbed to a new record high on Friday, rising more than 6% to a best-ever $56.85 a share, after the company announced a deal to purchase Hamilton State Bancshares for $405.7 mln. Financial stocks added to slight earlier gains, with the NYSE Financial Sector Index rising more than 0.3% while financial companies in the S&P 500 Index were adding almost 0.6%. Among financial stocks moving on news: - Equinix ( EQIX ) was little changed in late Friday trade, reversing all of a 2% drop to a session low of $432.01 a share that followed the real estate investment trust's last night saying CEO Steve Smith resigned after admitting to "exercising poor judgment with respect to an employee matter." | In other sector news: + Ameris Bancorp ( ABCB ) climbed to a new record high on Friday, rising more than 6% to a best-ever $56.85 a share, after the company announced a deal to purchase Hamilton State Bancshares for $405.7 mln. Financial stocks added to slight earlier gains, with the NYSE Financial Sector Index rising more than 0.3% while financial companies in the S&P 500 Index were adding almost 0.6%. Among financial stocks moving on news: - Equinix ( EQIX ) was little changed in late Friday trade, reversing all of a 2% drop to a session low of $432.01 a share that followed the real estate investment trust's last night saying CEO Steve Smith resigned after admitting to "exercising poor judgment with respect to an employee matter." | In other sector news: + Ameris Bancorp ( ABCB ) climbed to a new record high on Friday, rising more than 6% to a best-ever $56.85 a share, after the company announced a deal to purchase Hamilton State Bancshares for $405.7 mln. Financial stocks added to slight earlier gains, with the NYSE Financial Sector Index rising more than 0.3% while financial companies in the S&P 500 Index were adding almost 0.6%. Revenue slipped about 0.9% to $93.1 mln and missed the $96.3 mln consensus call. |
27916.0 | 2018-01-26 00:00:00 UTC | Financial Sector Update for 01/26/2018: ETFC,ABCB,SMMF | ABCB | https://www.nasdaq.com/articles/financial-sector-update-01262018-etfcabcbsmmf-2018-01-26 | nan | nan | Top Financial Stocks
JPM -0.09%
BAC -0.03%
WFC +0.05%
C +0.23%
USB -0.12%
Financial stocks were slightly higher Friday, with the NYSE Financial Sector Index rising just 0.1% while financial companies in the S&P 500 Index were adding almost 0.3% in value. Elsewhere, the Philadelphia Housing Sector Index was down about 0.2%.
In economic news:
Q4 GDP was 2.6%, which missed expectations for 2.9 due mainly to lower inventory production and larger trade deficit. Despite falling short of forecasts, the number still indicates a healthy economy, with readings of 3% over the past two quarters.
Among financial stocks moving on news:
- E*Trade Financial ( ETFC ) has pared more than half of a 5% decline that followed the brokerage company Friday morning acquiring more than 1 million retail brokerage accounts from Capital One Financial Corp ( COF ) for $170 million, upstaging better-than-expected Q4 revenue. E*Trade said the acquired accounts held more than 18 billion in customer assets, including about $1.9 billion in customer cash and around $200 million in customer margin balances. The company is expecting the transaction will have a neutral effect on FY18 earnings and add about $0.06 per share to its net income next year.
Separately, E*Trade reported Q4 net income of $0.48 per share, up $0.02 from year-ago levels and including a $0.16 per share negative impact from recently enacted tax legislation. Analysts, on average, were expecting GAAP and non-GAAP earnings of $0.61 per share. Revenue grew 25.1% year over year to $637 million, topping the $629 million analyst consensus.
In other sector news:
+ Ameris Bancorp ( ABCB ) climbed to a record high on Friday, rising over 6% to a best-ever $56.85 a share, after announcing a deal to purchase Hamilton State Bancshares for $405.7 million. The transactions is expected to close in Q3, subject to regulatory approvals and other customary closing conditions. The bank also reported adjusted Q4 net income of $0.63 per share, matching its year-ago non-GAAP profit and also in-line with Street views. Revenue slipped about 0.9% to $93.1 million and missed the $96.3 million consensus call.
- Summit Financial ( SMMF ) dropped almost 4% Friday after earning $0.19 per share during the three months ended Dec. 31, which includes a $0.28 per share one-time charge linked to federal tax changes. Total revenue rose 29.7% year over year to $21.4 million. Analysts polled by Capital IQ were expecting GAAP and non-GAAP earning of $0.53 per share on $23.2 million in revenue.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In other sector news: + Ameris Bancorp ( ABCB ) climbed to a record high on Friday, rising over 6% to a best-ever $56.85 a share, after announcing a deal to purchase Hamilton State Bancshares for $405.7 million. In economic news: Q4 GDP was 2.6%, which missed expectations for 2.9 due mainly to lower inventory production and larger trade deficit. The bank also reported adjusted Q4 net income of $0.63 per share, matching its year-ago non-GAAP profit and also in-line with Street views. | In other sector news: + Ameris Bancorp ( ABCB ) climbed to a record high on Friday, rising over 6% to a best-ever $56.85 a share, after announcing a deal to purchase Hamilton State Bancshares for $405.7 million. Financial stocks were slightly higher Friday, with the NYSE Financial Sector Index rising just 0.1% while financial companies in the S&P 500 Index were adding almost 0.3% in value. Among financial stocks moving on news: - E*Trade Financial ( ETFC ) has pared more than half of a 5% decline that followed the brokerage company Friday morning acquiring more than 1 million retail brokerage accounts from Capital One Financial Corp ( COF ) for $170 million, upstaging better-than-expected Q4 revenue. | In other sector news: + Ameris Bancorp ( ABCB ) climbed to a record high on Friday, rising over 6% to a best-ever $56.85 a share, after announcing a deal to purchase Hamilton State Bancshares for $405.7 million. Financial stocks were slightly higher Friday, with the NYSE Financial Sector Index rising just 0.1% while financial companies in the S&P 500 Index were adding almost 0.3% in value. Among financial stocks moving on news: - E*Trade Financial ( ETFC ) has pared more than half of a 5% decline that followed the brokerage company Friday morning acquiring more than 1 million retail brokerage accounts from Capital One Financial Corp ( COF ) for $170 million, upstaging better-than-expected Q4 revenue. | In other sector news: + Ameris Bancorp ( ABCB ) climbed to a record high on Friday, rising over 6% to a best-ever $56.85 a share, after announcing a deal to purchase Hamilton State Bancshares for $405.7 million. Financial stocks were slightly higher Friday, with the NYSE Financial Sector Index rising just 0.1% while financial companies in the S&P 500 Index were adding almost 0.3% in value. The company is expecting the transaction will have a neutral effect on FY18 earnings and add about $0.06 per share to its net income next year. |
27917.0 | 2018-01-25 00:00:00 UTC | Pre-Market Earnings Report for January 26, 2018 : ABBV, HON, NEE, CL, APD, COL, LEA, GNTX, HRC, POL, NEP, ABCB | ABCB | https://www.nasdaq.com/articles/pre-market-earnings-report-january-26-2018-abbv-hon-nee-cl-apd-col-lea-gntx-hrc-pol-nep | nan | nan | The following companies are expected to report earnings prior to market open on 01/26/2018. Visit our Earnings Calendar for a full list of expected earnings releases.
AbbVie Inc. ( ABBV ) is reporting for the quarter ending December 31, 2017. The large cap pharmaceutical company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.44. This value represents a 20.00% increase compared to the same quarter last year. In the past year ABBV has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2017 Price to Earnings ratio for ABBV is 18.98 vs. an industry ratio of 17.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Honeywell International Inc. ( HON ) is reporting for the quarter ending December 31, 2017. The diversified operations company's consensus earnings per share forecast from the 9 analysts that follow the stock is $1.84. This value represents a 5.75% increase compared to the same quarter last year. In the past year HON has met analyst expectations twice and beat the expectations the other two quarters. Zacks Investment Research reports that the 2017 Price to Earnings ratio for HON is 22.53 vs. an industry ratio of 29.10.
NextEra Energy, Inc. ( NEE ) is reporting for the quarter ending December 31, 2017. The electric power utilities company's consensus earnings per share forecast from the 6 analysts that follow the stock is $1.31. This value represents a 8.26% increase compared to the same quarter last year. NEE missed the consensus earnings per share in the 4th calendar quarter of 2016 by -6.2%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for NEE is 22.41 vs. an industry ratio of 18.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Colgate-Palmolive Company ( CL ) is reporting for the quarter ending December 31, 2017. The cleaning company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.75. This value represents a no change for the same quarter last year. In the past year CL has met analyst expectations three times and beat the expectations the other quarter. Zacks Investment Research reports that the 2017 Price to Earnings ratio for CL is 26.76 vs. an industry ratio of 23.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Air Products and Chemicals, Inc. ( APD ) is reporting for the quarter ending December 31, 2017. The chemical company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.66. This value represents a 12.93% increase compared to the same quarter last year. APD missed the consensus earnings per share in the 4th calendar quarter of 2016 by -0.68%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for APD is 24.30 vs. an industry ratio of 19.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Rockwell Collins, Inc. ( COL ) is reporting for the quarter ending December 31, 2017. The aerospace and defense company's consensus earnings per share forecast from the 6 analysts that follow the stock is $1.53. This value represents a 27.50% increase compared to the same quarter last year. In the past year COL has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2018 Price to Earnings ratio for COL is 19.33 vs. an industry ratio of -14.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Lear Corporation ( LEA ) is reporting for the quarter ending December 31, 2017. The auto (truck) company's consensus earnings per share forecast from the 8 analysts that follow the stock is $4.25. This value represents a 11.84% increase compared to the same quarter last year. In the past year LEA has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 4.21%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for LEA is 11.40 vs. an industry ratio of 14.80.
Gentex Corporation ( GNTX ) is reporting for the quarter ending December 31, 2017. The auto (truck) company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.32. This value represents a 3.23% increase compared to the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for GNTX is 17.95 vs. an industry ratio of 14.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Hill-Rom Holdings Inc ( HRC ) is reporting for the quarter ending December 31, 2017. The medical products company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.79. This value represents a 5.33% increase compared to the same quarter last year. In the past year HRC has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2018 Price to Earnings ratio for HRC is 20.58 vs. an industry ratio of -56.60, implying that they will have a higher earnings growth than their competitors in the same industry.
PolyOne Corporation ( POL ) is reporting for the quarter ending December 31, 2017. The plastics company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.39. This value represents a 2.63% increase compared to the same quarter last year. In the past year POL has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2017 Price to Earnings ratio for POL is 20.52 vs. an industry ratio of 18.70, implying that they will have a higher earnings growth than their competitors in the same industry.
NextEra Energy Partners, LP ( NEP ) is reporting for the quarter ending December 31, 2017. The alternative energy company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.26. This value represents a 71.43% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for NEP is 45.88 vs. an industry ratio of 120.30.
Ameris Bancorp ( ABCB ) is reporting for the quarter ending December 31, 2017. The banks (southeast) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.63. This value represents a 1.61% increase compared to the same quarter last year. The last two quarters ABCB had negative earnings surprises; the latest report they missed by -3.08%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for ABCB is 21.59 vs. an industry ratio of 16.30, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris Bancorp ( ABCB ) is reporting for the quarter ending December 31, 2017. The last two quarters ABCB had negative earnings surprises; the latest report they missed by -3.08%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for ABCB is 21.59 vs. an industry ratio of 16.30, implying that they will have a higher earnings growth than their competitors in the same industry. | Ameris Bancorp ( ABCB ) is reporting for the quarter ending December 31, 2017. The last two quarters ABCB had negative earnings surprises; the latest report they missed by -3.08%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for ABCB is 21.59 vs. an industry ratio of 16.30, implying that they will have a higher earnings growth than their competitors in the same industry. | Ameris Bancorp ( ABCB ) is reporting for the quarter ending December 31, 2017. The last two quarters ABCB had negative earnings surprises; the latest report they missed by -3.08%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for ABCB is 21.59 vs. an industry ratio of 16.30, implying that they will have a higher earnings growth than their competitors in the same industry. | Ameris Bancorp ( ABCB ) is reporting for the quarter ending December 31, 2017. The last two quarters ABCB had negative earnings surprises; the latest report they missed by -3.08%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for ABCB is 21.59 vs. an industry ratio of 16.30, implying that they will have a higher earnings growth than their competitors in the same industry. |
27918.0 | 2018-01-16 00:00:00 UTC | Stocks Showing Improved Relative Strength: Ameris Bancorp | ABCB | https://www.nasdaq.com/articles/stocks-showing-improved-relative-strength-ameris-bancorp-2018-01-16 | nan | nan | Ameris Bancorp ( ABCB ) had its Relative Strength ( RS ) Rating upgraded from 65 to 71 Tuesday -- a welcome improvement, but still below the 80 or better score you prefer to see.
[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matched up against all other stocks.
Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves. See if Ameris Bancorp can continue to rebound and hit that benchmark.
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Ameris Bancorp is still inside a buying range after breaking past a 51.40 buy point in a flat base . Once a stock moves 5% or higher beyond the original entry, it's considered out of a proper buy zone.
Ameris Bancorp showed 2% earnings growth in the latest quarterly report. Revenue rose 13%. The company is expected to report its latest earnings and sales numbers on or around Jan. 20.
Ameris Bancorp holds the No. 9 rank among its peers in the Banks-Southeast industry group. FCB Financial ( FCB ), Synovus Financial ( SNV ) and FB Financial ( FBK ) are among the top 5 highly rated stocks within the group.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris Bancorp ( ABCB ) had its Relative Strength ( RS ) Rating upgraded from 65 to 71 Tuesday -- a welcome improvement, but still below the 80 or better score you prefer to see. Once a stock moves 5% or higher beyond the original entry, it's considered out of a proper buy zone. Ameris Bancorp showed 2% earnings growth in the latest quarterly report. | Ameris Bancorp ( ABCB ) had its Relative Strength ( RS ) Rating upgraded from 65 to 71 Tuesday -- a welcome improvement, but still below the 80 or better score you prefer to see. Why Should You Use IBD's Relative Strength Rating? How Relative Strength Line Can Help You Judge A Stock The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris Bancorp ( ABCB ) had its Relative Strength ( RS ) Rating upgraded from 65 to 71 Tuesday -- a welcome improvement, but still below the 80 or better score you prefer to see. [ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matched up against all other stocks. How Relative Strength Line Can Help You Judge A Stock The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris Bancorp ( ABCB ) had its Relative Strength ( RS ) Rating upgraded from 65 to 71 Tuesday -- a welcome improvement, but still below the 80 or better score you prefer to see. Ameris Bancorp showed 2% earnings growth in the latest quarterly report. Ameris Bancorp holds the No. |
27919.0 | 2017-11-30 00:00:00 UTC | Ameris Bancorp Trying To Close In On Key Technical Measure | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-trying-close-key-technical-measure-2017-11-30 | nan | nan | Ameris Bancorp ( ABCB ) had its Relative Strength ( RS ) Rating upgraded from 64 to 72 Thursday -- a welcome improvement, but still below the 80 or higher score you look for.
[ibd-display-video id=2368044 width=50 float=left autostart=true] This proprietary rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the best stocks often have an 80 or better RS Rating as they launch their biggest climbs. See if Ameris Bancorp can continue to show renewed price strength and clear that threshold.
See How IBD Helps You Make More Money In Stocks
Ameris Bancorp is trying to complete a cup with handle with a 51.38 buy point . See if the stock can clear the breakout price in volume at least 40% higher than normal.
Ameris Bancorp showed 2% earnings growth last quarter, while sales growth came in at 13%.
Ameris Bancorp earns the No. 15 rank among its peers in the Banks-Southeast industry group. First Bancorp ( FBNC ), Entegra Financial ( ENFC ) and Servisfirst Bancshares ( SFBS ) are among the top 5 highly rated stocks within the group.
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IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris Bancorp ( ABCB ) had its Relative Strength ( RS ) Rating upgraded from 64 to 72 Thursday -- a welcome improvement, but still below the 80 or higher score you look for. See How IBD Helps You Make More Money In Stocks Ameris Bancorp is trying to complete a cup with handle with a 51.38 buy point . First Bancorp ( FBNC ), Entegra Financial ( ENFC ) and Servisfirst Bancshares ( SFBS ) are among the top 5 highly rated stocks within the group. | Ameris Bancorp ( ABCB ) had its Relative Strength ( RS ) Rating upgraded from 64 to 72 Thursday -- a welcome improvement, but still below the 80 or higher score you look for. Ameris Bancorp showed 2% earnings growth last quarter, while sales growth came in at 13%. IBD Stock Rating Upgrades: Rising Relative Strength Why Should You Use IBD's Relative Strength Rating? | Ameris Bancorp ( ABCB ) had its Relative Strength ( RS ) Rating upgraded from 64 to 72 Thursday -- a welcome improvement, but still below the 80 or higher score you look for. IBD Stock Rating Upgrades: Rising Relative Strength Why Should You Use IBD's Relative Strength Rating? How Relative Strength Line Can Help You Judge A Stock The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris Bancorp ( ABCB ) had its Relative Strength ( RS ) Rating upgraded from 64 to 72 Thursday -- a welcome improvement, but still below the 80 or higher score you look for. See if Ameris Bancorp can continue to show renewed price strength and clear that threshold. IBD Stock Rating Upgrades: Rising Relative Strength Why Should You Use IBD's Relative Strength Rating? |
27920.0 | 2017-11-08 00:00:00 UTC | Notable Two Hundred Day Moving Average Cross - ABCB | ABCB | https://www.nasdaq.com/articles/notable-two-hundred-day-moving-average-cross-abcb-2017-11-08 | nan | nan | In trading on Wednesday, shares of Ameris Bancorp (Symbol: ABCB) crossed below their 200 day moving average of $46.26, changing hands as low as $46.15 per share. Ameris Bancorp shares are currently trading off about 0.5% on the day. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average:
Looking at the chart above, ABCB's low point in its 52 week range is $35.15 per share, with $51.28 as the 52 week high point - that compares with a last trade of $46.30.
According to the ETF Finder at ETF Channel, ABCB makes up 1.27% of the PowerShares DWA Financial Momentum Portfolio ETF (Symbol: PFI) which is trading lower by about 0.1% on the day Wednesday.
Click here to find out which 9 other stocks recently crossed below their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Wednesday, shares of Ameris Bancorp (Symbol: ABCB) crossed below their 200 day moving average of $46.26, changing hands as low as $46.15 per share. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average: Looking at the chart above, ABCB's low point in its 52 week range is $35.15 per share, with $51.28 as the 52 week high point - that compares with a last trade of $46.30. According to the ETF Finder at ETF Channel, ABCB makes up 1.27% of the PowerShares DWA Financial Momentum Portfolio ETF (Symbol: PFI) which is trading lower by about 0.1% on the day Wednesday. | In trading on Wednesday, shares of Ameris Bancorp (Symbol: ABCB) crossed below their 200 day moving average of $46.26, changing hands as low as $46.15 per share. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average: Looking at the chart above, ABCB's low point in its 52 week range is $35.15 per share, with $51.28 as the 52 week high point - that compares with a last trade of $46.30. According to the ETF Finder at ETF Channel, ABCB makes up 1.27% of the PowerShares DWA Financial Momentum Portfolio ETF (Symbol: PFI) which is trading lower by about 0.1% on the day Wednesday. | In trading on Wednesday, shares of Ameris Bancorp (Symbol: ABCB) crossed below their 200 day moving average of $46.26, changing hands as low as $46.15 per share. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average: Looking at the chart above, ABCB's low point in its 52 week range is $35.15 per share, with $51.28 as the 52 week high point - that compares with a last trade of $46.30. According to the ETF Finder at ETF Channel, ABCB makes up 1.27% of the PowerShares DWA Financial Momentum Portfolio ETF (Symbol: PFI) which is trading lower by about 0.1% on the day Wednesday. | In trading on Wednesday, shares of Ameris Bancorp (Symbol: ABCB) crossed below their 200 day moving average of $46.26, changing hands as low as $46.15 per share. According to the ETF Finder at ETF Channel, ABCB makes up 1.27% of the PowerShares DWA Financial Momentum Portfolio ETF (Symbol: PFI) which is trading lower by about 0.1% on the day Wednesday. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average: Looking at the chart above, ABCB's low point in its 52 week range is $35.15 per share, with $51.28 as the 52 week high point - that compares with a last trade of $46.30. |
27921.0 | 2017-11-03 00:00:00 UTC | Investment Counselors Of Maryland Llc Buys Minerals Technologies Inc, PRA Group Inc, El Paso ... | ABCB | https://www.nasdaq.com/articles/investment-counselors-maryland-llc-buys-minerals-technologies-inc-pra-group-inc-el-paso | nan | nan | Investment Counselors Of Maryland Llc
New Purchases: MTX , EE , NCS , DRQ, FCN, ANIP, UBSH, DLR, SABR,
Added Positions:PRAA, CRZO, ACXM, BANC, SBCF, AMN, KRG, RRGB, WLL, ATKR,
Reduced Positions:GLT, ROG, NOVT, WGO, SP, NX, BIO, RBC, IDA, MRTN,
Sold Out:NWE, KALU, SGBK, ALG, MTRN, ESIO, LVLT, MBUU, FUL, DFT,
For the details of INVESTMENT COUNSELORS OF MARYLAND LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=INVESTMENT+COUNSELORS+OF+MARYLAND+LLC
These are the top 5 holdings of INVESTMENT COUNSELORS OF MARYLAND LLC
Sterling Bancorp ( STL ) - 1,064,995 shares, 1.34% of the total portfolio. Shares reduced by 5.14%
McDermott International Inc ( MDR ) - 3,520,005 shares, 1.31% of the total portfolio. Shares reduced by 4.52%
Heritage Financial Corp ( HFWA ) - 845,820 shares, 1.27% of the total portfolio. Shares reduced by 6.94%
Ameris Bancorp ( ABCB ) - 514,293 shares, 1.26% of the total portfolio. Shares reduced by 0.34%
Mitel Networks Corp ( MITL ) - 2,938,337 shares, 1.26% of the total portfolio. Shares reduced by 1.38%
New Purchase: Minerals Technologies Inc (MTX)
Investment Counselors Of Maryland Llc initiated holdings in Minerals Technologies Inc. The purchase prices were between $62.95 and $75.6, with an estimated average price of $68.52. The stock is now traded at around $71.70. The impact to the portfolio due to this purchase was 0.74%. The holdings were 206,325 shares as of 2017-09-30.
New Purchase: El Paso Electric Co (EE)
Investment Counselors Of Maryland Llc initiated holdings in El Paso Electric Co. The purchase prices were between $50.5 and $56.35, with an estimated average price of $53.57. The stock is now traded at around $57.85. The impact to the portfolio due to this purchase was 0.68%. The holdings were 241,970 shares as of 2017-09-30.
New Purchase: NCI Building Systems Inc (NCS)
Investment Counselors Of Maryland Llc initiated holdings in NCI Building Systems Inc. The purchase prices were between $13.25 and $18.15, with an estimated average price of $16.57. The stock is now traded at around $15.80. The impact to the portfolio due to this purchase was 0.62%. The holdings were 783,625 shares as of 2017-09-30.
New Purchase: Dril-Quip Inc (DRQ)
Investment Counselors Of Maryland Llc initiated holdings in Dril-Quip Inc. The purchase prices were between $36.2 and $52.05, with an estimated average price of $43.62. The stock is now traded at around $43.85. The impact to the portfolio due to this purchase was 0.45%. The holdings were 200,400 shares as of 2017-09-30.
New Purchase: FTI Consulting Inc (FCN)
Investment Counselors Of Maryland Llc initiated holdings in FTI Consulting Inc. The purchase prices were between $31.93 and $36.38, with an estimated average price of $33.68. The stock is now traded at around $42.28. The impact to the portfolio due to this purchase was 0.27%. The holdings were 149,852 shares as of 2017-09-30.
New Purchase: ANI Pharmaceuticals Inc (ANIP)
Investment Counselors Of Maryland Llc initiated holdings in ANI Pharmaceuticals Inc. The purchase prices were between $43.46 and $51.55, with an estimated average price of $47.6. The stock is now traded at around $59.58. The impact to the portfolio due to this purchase was 0.16%. The holdings were 61,412 shares as of 2017-09-30.
Added: PRA Group Inc (PRAA)
Investment Counselors Of Maryland Llc added to the holdings in PRA Group Inc by 376.41%. The purchase prices were between $26.4 and $40.05, with an estimated average price of $33.53. The stock is now traded at around $27.95. The impact to the portfolio due to this purchase was 0.71%. The holdings were 617,790 shares as of 2017-09-30.
Added: Carrizo Oil & Gas Inc (CRZO)
Investment Counselors Of Maryland Llc added to the holdings in Carrizo Oil & Gas Inc by 45.96%. The purchase prices were between $11.38 and $18.4, with an estimated average price of $14.63. The stock is now traded at around $17.98. The impact to the portfolio due to this purchase was 0.31%. The holdings were 1,110,818 shares as of 2017-09-30.
Added: Acxiom Corp (ACXM)
Investment Counselors Of Maryland Llc added to the holdings in Acxiom Corp by 49.18%. The purchase prices were between $21.85 and $27.14, with an estimated average price of $24.58. The stock is now traded at around $27.35. The impact to the portfolio due to this purchase was 0.3%. The holdings were 721,589 shares as of 2017-09-30.
Added: Banc of California Inc (BANC)
Investment Counselors Of Maryland Llc added to the holdings in Banc of California Inc by 56.99%. The purchase prices were between $17.15 and $22.1, with an estimated average price of $19.74. The stock is now traded at around $21.15. The impact to the portfolio due to this purchase was 0.28%. The holdings were 718,095 shares as of 2017-09-30.
Added: Seacoast Banking Corp of Florida (SBCF)
Investment Counselors Of Maryland Llc added to the holdings in Seacoast Banking Corp of Florida by 67.19%. The purchase prices were between $20.79 and $24.68, with an estimated average price of $23.17. The stock is now traded at around $25.00. The impact to the portfolio due to this purchase was 0.27%. The holdings were 546,800 shares as of 2017-09-30.
Added: AMN Healthcare Services Inc (AMN)
Investment Counselors Of Maryland Llc added to the holdings in AMN Healthcare Services Inc by 25.81%. The purchase prices were between $35.55 and $45.45, with an estimated average price of $38.1. The stock is now traded at around $40.65. The impact to the portfolio due to this purchase was 0.24%. The holdings were 491,119 shares as of 2017-09-30.
Sold Out: NorthWestern Corp (NWE)
Investment Counselors Of Maryland Llc sold out the holdings in NorthWestern Corp. The sale prices were between $57.42 and $61.77, with an estimated average price of $59.71.
Sold Out: Kaiser Aluminum Corp (KALU)
Investment Counselors Of Maryland Llc sold out the holdings in Kaiser Aluminum Corp. The sale prices were between $90.1 and $103.04, with an estimated average price of $96.14.
Sold Out: Stonegate Bank (SGBK)
Investment Counselors Of Maryland Llc sold out the holdings in Stonegate Bank. The sale prices were between $44.62 and $51.62, with an estimated average price of $47.31.
Sold Out: Alamo Group Inc (ALG)
Investment Counselors Of Maryland Llc sold out the holdings in Alamo Group Inc. The sale prices were between $88.72 and $107.03, with an estimated average price of $93.37.
Sold Out: Materion Corp (MTRN)
Investment Counselors Of Maryland Llc sold out the holdings in Materion Corp. The sale prices were between $37 and $42.8, with an estimated average price of $38.23.
Sold Out: Electro Scientific Industries Inc (ESIO)
Investment Counselors Of Maryland Llc sold out the holdings in Electro Scientific Industries Inc. The sale prices were between $8.32 and $13.94, with an estimated average price of $10.74.
Warning! GuruFocus has detected 6 Warning Signs with PRAA. Click here to check it out.
PRAA 15-Year Financial Data
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This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shares reduced by 6.94% Ameris Bancorp ( ABCB ) - 514,293 shares, 1.26% of the total portfolio. Investment Counselors Of Maryland Llc New Purchases: MTX , EE , NCS , DRQ, FCN, ANIP, UBSH, DLR, SABR, Added Positions:PRAA, CRZO, ACXM, BANC, SBCF, AMN, KRG, RRGB, WLL, ATKR, Reduced Positions:GLT, ROG, NOVT, WGO, SP, NX, BIO, RBC, IDA, MRTN, Sold Out:NWE, KALU, SGBK, ALG, MTRN, ESIO, LVLT, MBUU, FUL, DFT, For the details of INVESTMENT COUNSELORS OF MARYLAND LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=INVESTMENT+COUNSELORS+OF+MARYLAND+LLC These are the top 5 holdings of INVESTMENT COUNSELORS OF MARYLAND LLC Sterling Bancorp ( STL ) - 1,064,995 shares, 1.34% of the total portfolio. Added: Carrizo Oil & Gas Inc (CRZO) Investment Counselors Of Maryland Llc added to the holdings in Carrizo Oil & Gas Inc by 45.96%. | Shares reduced by 6.94% Ameris Bancorp ( ABCB ) - 514,293 shares, 1.26% of the total portfolio. Investment Counselors Of Maryland Llc New Purchases: MTX , EE , NCS , DRQ, FCN, ANIP, UBSH, DLR, SABR, Added Positions:PRAA, CRZO, ACXM, BANC, SBCF, AMN, KRG, RRGB, WLL, ATKR, Reduced Positions:GLT, ROG, NOVT, WGO, SP, NX, BIO, RBC, IDA, MRTN, Sold Out:NWE, KALU, SGBK, ALG, MTRN, ESIO, LVLT, MBUU, FUL, DFT, For the details of INVESTMENT COUNSELORS OF MARYLAND LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=INVESTMENT+COUNSELORS+OF+MARYLAND+LLC These are the top 5 holdings of INVESTMENT COUNSELORS OF MARYLAND LLC Sterling Bancorp ( STL ) - 1,064,995 shares, 1.34% of the total portfolio. New Purchase: El Paso Electric Co (EE) Investment Counselors Of Maryland Llc initiated holdings in El Paso Electric Co. | Shares reduced by 6.94% Ameris Bancorp ( ABCB ) - 514,293 shares, 1.26% of the total portfolio. Investment Counselors Of Maryland Llc New Purchases: MTX , EE , NCS , DRQ, FCN, ANIP, UBSH, DLR, SABR, Added Positions:PRAA, CRZO, ACXM, BANC, SBCF, AMN, KRG, RRGB, WLL, ATKR, Reduced Positions:GLT, ROG, NOVT, WGO, SP, NX, BIO, RBC, IDA, MRTN, Sold Out:NWE, KALU, SGBK, ALG, MTRN, ESIO, LVLT, MBUU, FUL, DFT, For the details of INVESTMENT COUNSELORS OF MARYLAND LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=INVESTMENT+COUNSELORS+OF+MARYLAND+LLC These are the top 5 holdings of INVESTMENT COUNSELORS OF MARYLAND LLC Sterling Bancorp ( STL ) - 1,064,995 shares, 1.34% of the total portfolio. Shares reduced by 1.38% New Purchase: Minerals Technologies Inc (MTX) Investment Counselors Of Maryland Llc initiated holdings in Minerals Technologies Inc. | Shares reduced by 6.94% Ameris Bancorp ( ABCB ) - 514,293 shares, 1.26% of the total portfolio. Investment Counselors Of Maryland Llc New Purchases: MTX , EE , NCS , DRQ, FCN, ANIP, UBSH, DLR, SABR, Added Positions:PRAA, CRZO, ACXM, BANC, SBCF, AMN, KRG, RRGB, WLL, ATKR, Reduced Positions:GLT, ROG, NOVT, WGO, SP, NX, BIO, RBC, IDA, MRTN, Sold Out:NWE, KALU, SGBK, ALG, MTRN, ESIO, LVLT, MBUU, FUL, DFT, For the details of INVESTMENT COUNSELORS OF MARYLAND LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=INVESTMENT+COUNSELORS+OF+MARYLAND+LLC These are the top 5 holdings of INVESTMENT COUNSELORS OF MARYLAND LLC Sterling Bancorp ( STL ) - 1,064,995 shares, 1.34% of the total portfolio. Shares reduced by 1.38% New Purchase: Minerals Technologies Inc (MTX) Investment Counselors Of Maryland Llc initiated holdings in Minerals Technologies Inc. |
27922.0 | 2017-09-27 00:00:00 UTC | Ameris Bancorp (ABCB) Ex-Dividend Date Scheduled for September 28, 2017 | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-abcb-ex-dividend-date-scheduled-september-28-2017-2017-09-27 | nan | nan | Ameris Bancorp ( ABCB ) will begin trading ex-dividend on September 28, 2017. A cash dividend payment of $0.1 per share is scheduled to be paid on October 10, 2017. Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 5th quarter that ABCB has paid the same dividend. At the current stock price of $45.45, the dividend yield is .88%.
The previous trading day's last sale of ABCB was $45.45, representing a -11.36% decrease from the 52 week high of $51.28 and a 34.47% increase over the 52 week low of $33.80.
ABCB is a part of the Finance sector, which includes companies such as J P Morgan Chase & Co ( JPM ) and Wells Fargo & Company ( WFC ). ABCB's current earnings per share, an indicator of a company's profitability, is $2.34. Zacks Investment Research reports ABCB's forecasted earnings growth in 2017 as 10.14%, compared to an industry average of 10.4%.
For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ABCB through an Exchange Traded Fund [ETF]?
The following ETF(s) have ABCB as a top-10 holding:
Direxion Daily Regional Banks Bull 3X Shares ( DPST ).
The top-performing ETF of this group is DPST with an decrease of -2.61% over the last 100 days.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports ABCB's forecasted earnings growth in 2017 as 10.14%, compared to an industry average of 10.4%. The following ETF(s) have ABCB as a top-10 holding: Direxion Daily Regional Banks Bull 3X Shares ( DPST ). | ABCB's current earnings per share, an indicator of a company's profitability, is $2.34. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ameris Bancorp ( ABCB ) will begin trading ex-dividend on September 28, 2017. | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of ABCB was $45.45, representing a -11.36% decrease from the 52 week high of $51.28 and a 34.47% increase over the 52 week low of $33.80. For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. | ABCB's current earnings per share, an indicator of a company's profitability, is $2.34. Ameris Bancorp ( ABCB ) will begin trading ex-dividend on September 28, 2017. Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. |
27923.0 | 2017-09-26 00:00:00 UTC | Ex-Dividend Reminder: National Health Investors, Spirit Realty Capital and Ameris Bancorp | ABCB | https://www.nasdaq.com/articles/ex-dividend-reminder-national-health-investors-spirit-realty-capital-and-ameris-bancorp | nan | nan | Looking at the universe of stocks we cover at Dividend Channel , on 9/28/17, National Health Investors, Inc. (Symbol: NHI), Spirit Realty Capital, Inc (Symbol: SRC), and Ameris Bancorp (Symbol: ABCB) will all trade ex-dividend for their respective upcoming dividends. National Health Investors, Inc. will pay its quarterly dividend of $0.95 on 11/10/17, Spirit Realty Capital, Inc will pay its quarterly dividend of $0.18 on 10/13/17, and Ameris Bancorp will pay its quarterly dividend of $0.10 on 10/10/17. As a percentage of NHI's recent stock price of $76.50, this dividend works out to approximately 1.24%, so look for shares of National Health Investors, Inc. to trade 1.24% lower - all else being equal - when NHI shares open for trading on 9/28/17. Similarly, investors should look for SRC to open 2.13% lower in price and for ABCB to open 0.22% lower, all else being equal.
Below are dividend history charts for NHI, SRC, and ABCB, showing historical dividends prior to the most recent ones declared.
National Health Investors, Inc. (Symbol: NHI) :
Spirit Realty Capital, Inc (Symbol: SRC) :
Ameris Bancorp (Symbol: ABCB) :
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 4.97% for National Health Investors, Inc., 8.53% for Spirit Realty Capital, Inc , and 0.89% for Ameris Bancorp.
In Tuesday trading, National Health Investors, Inc. shares are currently down about 0.5%, Spirit Realty Capital, Inc shares are up about 0.1%, and Ameris Bancorp shares are down about 0.3% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Looking at the universe of stocks we cover at Dividend Channel , on 9/28/17, National Health Investors, Inc. (Symbol: NHI), Spirit Realty Capital, Inc (Symbol: SRC), and Ameris Bancorp (Symbol: ABCB) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for SRC to open 2.13% lower in price and for ABCB to open 0.22% lower, all else being equal. Below are dividend history charts for NHI, SRC, and ABCB, showing historical dividends prior to the most recent ones declared. | Looking at the universe of stocks we cover at Dividend Channel , on 9/28/17, National Health Investors, Inc. (Symbol: NHI), Spirit Realty Capital, Inc (Symbol: SRC), and Ameris Bancorp (Symbol: ABCB) will all trade ex-dividend for their respective upcoming dividends. National Health Investors, Inc. (Symbol: NHI) : Spirit Realty Capital, Inc (Symbol: SRC) : Ameris Bancorp (Symbol: ABCB) : In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for SRC to open 2.13% lower in price and for ABCB to open 0.22% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel , on 9/28/17, National Health Investors, Inc. (Symbol: NHI), Spirit Realty Capital, Inc (Symbol: SRC), and Ameris Bancorp (Symbol: ABCB) will all trade ex-dividend for their respective upcoming dividends. National Health Investors, Inc. (Symbol: NHI) : Spirit Realty Capital, Inc (Symbol: SRC) : Ameris Bancorp (Symbol: ABCB) : In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for SRC to open 2.13% lower in price and for ABCB to open 0.22% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel , on 9/28/17, National Health Investors, Inc. (Symbol: NHI), Spirit Realty Capital, Inc (Symbol: SRC), and Ameris Bancorp (Symbol: ABCB) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for SRC to open 2.13% lower in price and for ABCB to open 0.22% lower, all else being equal. Below are dividend history charts for NHI, SRC, and ABCB, showing historical dividends prior to the most recent ones declared. |
27924.0 | 2017-07-06 00:00:00 UTC | Insiders Buy the Holdings of VFH ETF | ABCB | https://www.nasdaq.com/articles/insiders-buy-holdings-vfh-etf-2017-07-06 | nan | nan | A look at the weighted underlying holdings of the Vanguard Financials ETF ( VFH ) shows an impressive 12.0% of holdings on a weighted basis have experienced insider buying within the past six months.
Ameris Bancorp (Symbol: ABCB), which makes up 0.05% of the Vanguard Financials ETF ( VFH ), has seen 3 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $3,151,523 worth of ABCB, making it the #182 largest holding. The table below details the recent insider buying activity observed at ABCB:
ABCB - last trade: $49.05 - Recent Insider Buys:
And First Midwest Bancorp, Inc. (Symbol: FMBI), the #196 largest holding among components of the Vanguard Financials ETF ( VFH ), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $3,373,987 worth of FMBI, which represents approximately 0.05% of the ETF's total assets at last check. The recent insider buying activity observed at FMBI is detailed in the table below:
FMBI - last trade: $23.77 - Recent Insider Buys:
10 ETFs With Stocks That Insiders Are Buying »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris Bancorp (Symbol: ABCB), which makes up 0.05% of the Vanguard Financials ETF ( VFH ), has seen 3 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The table below details the recent insider buying activity observed at ABCB: ABCB - last trade: $49.05 - Recent Insider Buys: And First Midwest Bancorp, Inc. (Symbol: FMBI), the #196 largest holding among components of the Vanguard Financials ETF ( VFH ), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds a total of $3,151,523 worth of ABCB, making it the #182 largest holding. | Ameris Bancorp (Symbol: ABCB), which makes up 0.05% of the Vanguard Financials ETF ( VFH ), has seen 3 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The table below details the recent insider buying activity observed at ABCB: ABCB - last trade: $49.05 - Recent Insider Buys: And First Midwest Bancorp, Inc. (Symbol: FMBI), the #196 largest holding among components of the Vanguard Financials ETF ( VFH ), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds a total of $3,151,523 worth of ABCB, making it the #182 largest holding. | The table below details the recent insider buying activity observed at ABCB: ABCB - last trade: $49.05 - Recent Insider Buys: And First Midwest Bancorp, Inc. (Symbol: FMBI), the #196 largest holding among components of the Vanguard Financials ETF ( VFH ), shows 2 directors and officers as recently filing Form 4's indicating purchases. Ameris Bancorp (Symbol: ABCB), which makes up 0.05% of the Vanguard Financials ETF ( VFH ), has seen 3 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $3,151,523 worth of ABCB, making it the #182 largest holding. | Ameris Bancorp (Symbol: ABCB), which makes up 0.05% of the Vanguard Financials ETF ( VFH ), has seen 3 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $3,151,523 worth of ABCB, making it the #182 largest holding. The table below details the recent insider buying activity observed at ABCB: ABCB - last trade: $49.05 - Recent Insider Buys: And First Midwest Bancorp, Inc. (Symbol: FMBI), the #196 largest holding among components of the Vanguard Financials ETF ( VFH ), shows 2 directors and officers as recently filing Form 4's indicating purchases. |
27925.0 | 2017-06-27 00:00:00 UTC | Ameris Bancorp (ABCB) Ex-Dividend Date Scheduled for June 28, 2017 | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-abcb-ex-dividend-date-scheduled-june-28-2017-2017-06-27 | nan | nan | Ameris Bancorp ( ABCB ) will begin trading ex-dividend on June 28, 2017. A cash dividend payment of $0.1 per share is scheduled to be paid on July 10, 2017. Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that ABCB has paid the same dividend. At the current stock price of $46.35, the dividend yield is .86%.
The previous trading day's last sale of ABCB was $46.35, representing a -6.93% decrease from the 52 week high of $49.80 and a 66.01% increase over the 52 week low of $27.92.
ABCB is a part of the Finance sector, which includes companies such as J P Morgan Chase & Co ( JPM ) and Wells Fargo & Company ( WFC ). ABCB's current earnings per share, an indicator of a company's profitability, is $2.29. Zacks Investment Research reports ABCB's forecasted earnings growth in 2017 as 12.75%, compared to an industry average of 11.5%.
For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ABCB through an Exchange Traded Fund [ETF]?
The following ETF(s) have ABCB as a top-10 holding:
First Trust NASDAQ ABA Community Bank Index Fund ( QABA ).
The top-performing ETF of this group is QABA with an decrease of -4.48% over the last 100 days. It also has the highest percent weighting of ABCB at 0.73%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Zacks Investment Research reports ABCB's forecasted earnings growth in 2017 as 12.75%, compared to an industry average of 11.5%. For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. The following ETF(s) have ABCB as a top-10 holding: First Trust NASDAQ ABA Community Bank Index Fund ( QABA ). | ABCB's current earnings per share, an indicator of a company's profitability, is $2.29. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ameris Bancorp ( ABCB ) will begin trading ex-dividend on June 28, 2017. | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of ABCB was $46.35, representing a -6.93% decrease from the 52 week high of $49.80 and a 66.01% increase over the 52 week low of $27.92. For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. | ABCB's current earnings per share, an indicator of a company's profitability, is $2.29. The following ETF(s) have ABCB as a top-10 holding: First Trust NASDAQ ABA Community Bank Index Fund ( QABA ). Ameris Bancorp ( ABCB ) will begin trading ex-dividend on June 28, 2017. |
27926.0 | 2017-05-24 00:00:00 UTC | 12.7% of VFH Holdings Seeing Recent Insider Buys | ABCB | https://www.nasdaq.com/articles/127-vfh-holdings-seeing-recent-insider-buys-2017-05-24 | nan | nan | A look at the weighted underlying holdings of the Vanguard Financials ETF ( VFH ) shows an impressive 12.7% of holdings on a weighted basis have experienced insider buying within the past six months.
Kemper Corp. (Symbol: KMPR), which makes up 0.05% of the Vanguard Financials ETF ( VFH ), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $2,784,883 worth of KMPR, making it the #178 largest holding. The table below details the recent insider buying activity observed at KMPR:
KMPR - last trade: $39.15 - Recent Insider Buys:
And Ameris Bancorp (Symbol: ABCB), the #191 largest holding among components of the Vanguard Financials ETF ( VFH ), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $2,861,180 worth of ABCB, which represents approximately 0.05% of the ETF's total assets at last check. The recent insider buying activity observed at ABCB is detailed in the table below:
ABCB - last trade: $45.25 - Recent Insider Buys:
10 ETFs With Stocks That Insiders Are Buying »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The table below details the recent insider buying activity observed at KMPR: KMPR - last trade: $39.15 - Recent Insider Buys: And Ameris Bancorp (Symbol: ABCB), the #191 largest holding among components of the Vanguard Financials ETF ( VFH ), shows 2 directors and officers as recently filing Form 4's indicating purchases. The recent insider buying activity observed at ABCB is detailed in the table below: ABCB - last trade: $45.25 - Recent Insider Buys: 10 ETFs With Stocks That Insiders Are Buying » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The ETF holds $2,861,180 worth of ABCB, which represents approximately 0.05% of the ETF's total assets at last check. | The table below details the recent insider buying activity observed at KMPR: KMPR - last trade: $39.15 - Recent Insider Buys: And Ameris Bancorp (Symbol: ABCB), the #191 largest holding among components of the Vanguard Financials ETF ( VFH ), shows 2 directors and officers as recently filing Form 4's indicating purchases. The recent insider buying activity observed at ABCB is detailed in the table below: ABCB - last trade: $45.25 - Recent Insider Buys: 10 ETFs With Stocks That Insiders Are Buying » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The ETF holds $2,861,180 worth of ABCB, which represents approximately 0.05% of the ETF's total assets at last check. | The table below details the recent insider buying activity observed at KMPR: KMPR - last trade: $39.15 - Recent Insider Buys: And Ameris Bancorp (Symbol: ABCB), the #191 largest holding among components of the Vanguard Financials ETF ( VFH ), shows 2 directors and officers as recently filing Form 4's indicating purchases. The recent insider buying activity observed at ABCB is detailed in the table below: ABCB - last trade: $45.25 - Recent Insider Buys: 10 ETFs With Stocks That Insiders Are Buying » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The ETF holds $2,861,180 worth of ABCB, which represents approximately 0.05% of the ETF's total assets at last check. | The table below details the recent insider buying activity observed at KMPR: KMPR - last trade: $39.15 - Recent Insider Buys: And Ameris Bancorp (Symbol: ABCB), the #191 largest holding among components of the Vanguard Financials ETF ( VFH ), shows 2 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $2,861,180 worth of ABCB, which represents approximately 0.05% of the ETF's total assets at last check. The recent insider buying activity observed at ABCB is detailed in the table below: ABCB - last trade: $45.25 - Recent Insider Buys: 10 ETFs With Stocks That Insiders Are Buying » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. |
27927.0 | 2017-03-30 00:00:00 UTC | Thursday's ETF Movers: KRE, XBI | ABCB | https://www.nasdaq.com/articles/thursdays-etf-movers-kre-xbi-2017-03-30 | nan | nan | In trading on Thursday, the SPDR S&P Regional Banking ETF is outperforming other ETFs, up about 2.6% on the day. Components of that ETF showing particular strength include shares of Private Bancorp, up about 5.7% and shares of Ameris Bancorp, up about 4.3% on the day.
And underperforming other ETFs today is the SPDR S&P Biotech ETF, off about 1.5% in Thursday afternoon trading. Among components of that ETF with the weakest showing on Thursday were shares of Halozyme Therapeutics, lower by about 12.1%, and shares of Progenics Pharma, lower by about 9.9% on the day.
VIDEO: Thursday's ETF Movers: KRE, XBI
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Components of that ETF showing particular strength include shares of Private Bancorp, up about 5.7% and shares of Ameris Bancorp, up about 4.3% on the day. Among components of that ETF with the weakest showing on Thursday were shares of Halozyme Therapeutics, lower by about 12.1%, and shares of Progenics Pharma, lower by about 9.9% on the day. VIDEO: Thursday's ETF Movers: KRE, XBI The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Among components of that ETF with the weakest showing on Thursday were shares of Halozyme Therapeutics, lower by about 12.1%, and shares of Progenics Pharma, lower by about 9.9% on the day. VIDEO: Thursday's ETF Movers: KRE, XBI The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Thursday, the SPDR S&P Regional Banking ETF is outperforming other ETFs, up about 2.6% on the day. Among components of that ETF with the weakest showing on Thursday were shares of Halozyme Therapeutics, lower by about 12.1%, and shares of Progenics Pharma, lower by about 9.9% on the day. VIDEO: Thursday's ETF Movers: KRE, XBI The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Thursday, the SPDR S&P Regional Banking ETF is outperforming other ETFs, up about 2.6% on the day. Components of that ETF showing particular strength include shares of Private Bancorp, up about 5.7% and shares of Ameris Bancorp, up about 4.3% on the day. And underperforming other ETFs today is the SPDR S&P Biotech ETF, off about 1.5% in Thursday afternoon trading. |
27928.0 | 2017-03-28 00:00:00 UTC | Ameris Bancorp (ABCB) Ex-Dividend Date Scheduled for March 29, 2017 | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-abcb-ex-dividend-date-scheduled-march-29-2017-2017-03-28 | nan | nan | Ameris Bancorp ( ABCB ) will begin trading ex-dividend on March 29, 2017. A cash dividend payment of $0.1 per share is scheduled to be paid on April 10, 2017. Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that ABCB has paid the same dividend.
The previous trading day's last sale of ABCB was $44.65, representing a -9.8% decrease from the 52 week high of $49.50 and a 61.01% increase over the 52 week low of $27.73.
ABCB is a part of the Finance sector, which includes companies such as J P Morgan Chase & Co ( JPM ) and Wells Fargo & Company ( WFC ). ABCB's current earnings per share, an indicator of a company's profitability, is $2.07. Zacks Investment Research reports ABCB's forecasted earnings growth in 2017 as 13.91%, compared to an industry average of 12%.
For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ABCB through an Exchange Traded Fund [ETF]?
The following ETF(s) have ABCB as a top-10 holding:
First Trust NASDAQ ABA Community Bank Index Fund ( QABA ).
The top-performing ETF of this group is QABA with an increase of 17.97% over the last 100 days. It also has the highest percent weighting of ABCB at 0.7%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Zacks Investment Research reports ABCB's forecasted earnings growth in 2017 as 13.91%, compared to an industry average of 12%. For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. The following ETF(s) have ABCB as a top-10 holding: First Trust NASDAQ ABA Community Bank Index Fund ( QABA ). | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ameris Bancorp ( ABCB ) will begin trading ex-dividend on March 29, 2017. | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of ABCB was $44.65, representing a -9.8% decrease from the 52 week high of $49.50 and a 61.01% increase over the 52 week low of $27.73. For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have ABCB as a top-10 holding: First Trust NASDAQ ABA Community Bank Index Fund ( QABA ). Ameris Bancorp ( ABCB ) will begin trading ex-dividend on March 29, 2017. |
27929.0 | 2017-03-06 00:00:00 UTC | Financial Sector Update for 03/06/2017: ABCB | ABCB | https://www.nasdaq.com/articles/financial-sector-update-03062017-abcb-2017-03-06 | nan | nan | Top Financial Shares:
JPM: -0.7%
BAC: -0.5%
WFC: -0.7%
C: -0.4%
USB: -0.6%
Financial shares were lower in early trade on Monday.
In financial stocks news, Ameris Bancorp ( ABCB ), a bank holding company, said Monday that it has commenced an underwritten public offering of approximately $75 million aggregate principal amount of fixed-to-floating rate subordinated notes due 2027.
Shares in the company were down over 1% at $46.30 in early trade. The stock has traded between $27.28 and $49.50 over the past 52 weeks.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In financial stocks news, Ameris Bancorp ( ABCB ), a bank holding company, said Monday that it has commenced an underwritten public offering of approximately $75 million aggregate principal amount of fixed-to-floating rate subordinated notes due 2027. Financial shares were lower in early trade on Monday. Shares in the company were down over 1% at $46.30 in early trade. | The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In financial stocks news, Ameris Bancorp ( ABCB ), a bank holding company, said Monday that it has commenced an underwritten public offering of approximately $75 million aggregate principal amount of fixed-to-floating rate subordinated notes due 2027. Financial shares were lower in early trade on Monday. | In financial stocks news, Ameris Bancorp ( ABCB ), a bank holding company, said Monday that it has commenced an underwritten public offering of approximately $75 million aggregate principal amount of fixed-to-floating rate subordinated notes due 2027. Financial shares were lower in early trade on Monday. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In financial stocks news, Ameris Bancorp ( ABCB ), a bank holding company, said Monday that it has commenced an underwritten public offering of approximately $75 million aggregate principal amount of fixed-to-floating rate subordinated notes due 2027. Financial shares were lower in early trade on Monday. Shares in the company were down over 1% at $46.30 in early trade. |
27930.0 | 2017-03-01 00:00:00 UTC | Financial Sector Update for 03/01/2017: ABCB,CBOE,PB,LXP | ABCB | https://www.nasdaq.com/articles/financial-sector-update-03012017-abcbcboepblxp-2017-03-01 | nan | nan | Top Financial Stocks
JPM +3.51%
BAC +3.92%
WFC +3.39%
C +3.35%
USB +2.73%
Financial stocks were finishing near their session highs late Wednesday, with the NYSE Financial Sector Index jumping out to a 2.1% advance while financial companies in the S&P 500 Index were posting a nearly 3.0% gain.
In company news, Ameris Bancorp ( ABCB ) has recouped much of its earlier decline that followed the bank holding company earlier Wednesday pricing an $81.4 million public offering of 1.75 million shares of its common stock at $46.50 apiece, a 3.7% discount to Tuesday's closing price.
The company estimates it will pay around $4.1 million in underwriter discounts and other offering expenses, leaving about $77.3 million in net proceeds that it plans to use to support organic growth or other investments as well as repaying debt or for regulatory capital in addition to potential acquisition, cautioning it has no deals pending at this time.
ABCB shares were down less than 1% at $47.95 each, bouncing back from a session low of $47.25 a share.
In other sector news,
(+) CBOE, Replaces Pitney Bowes in the S&P 500, effective with the start of today's regular session.
(-) LXP, Projected FY17 funds from operation of $0.94 to $0.98 trail Capital IQ consensus by at least $0.02 per share. Q4 FFO of $0.24 per share following 10.6% decline in revenue to $95.3 mln both match Street views.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In company news, Ameris Bancorp ( ABCB ) has recouped much of its earlier decline that followed the bank holding company earlier Wednesday pricing an $81.4 million public offering of 1.75 million shares of its common stock at $46.50 apiece, a 3.7% discount to Tuesday's closing price. ABCB shares were down less than 1% at $47.95 each, bouncing back from a session low of $47.25 a share. The company estimates it will pay around $4.1 million in underwriter discounts and other offering expenses, leaving about $77.3 million in net proceeds that it plans to use to support organic growth or other investments as well as repaying debt or for regulatory capital in addition to potential acquisition, cautioning it has no deals pending at this time. | In company news, Ameris Bancorp ( ABCB ) has recouped much of its earlier decline that followed the bank holding company earlier Wednesday pricing an $81.4 million public offering of 1.75 million shares of its common stock at $46.50 apiece, a 3.7% discount to Tuesday's closing price. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. ABCB shares were down less than 1% at $47.95 each, bouncing back from a session low of $47.25 a share. | In company news, Ameris Bancorp ( ABCB ) has recouped much of its earlier decline that followed the bank holding company earlier Wednesday pricing an $81.4 million public offering of 1.75 million shares of its common stock at $46.50 apiece, a 3.7% discount to Tuesday's closing price. ABCB shares were down less than 1% at $47.95 each, bouncing back from a session low of $47.25 a share. Financial stocks were finishing near their session highs late Wednesday, with the NYSE Financial Sector Index jumping out to a 2.1% advance while financial companies in the S&P 500 Index were posting a nearly 3.0% gain. | In company news, Ameris Bancorp ( ABCB ) has recouped much of its earlier decline that followed the bank holding company earlier Wednesday pricing an $81.4 million public offering of 1.75 million shares of its common stock at $46.50 apiece, a 3.7% discount to Tuesday's closing price. ABCB shares were down less than 1% at $47.95 each, bouncing back from a session low of $47.25 a share. Top Financial Stocks |
27931.0 | 2017-02-14 00:00:00 UTC | The First Bancshares (FBMS) Catches Eye: Stock Jumps 6% | ABCB | https://www.nasdaq.com/articles/the-first-bancshares-fbms-catches-eye%3A-stock-jumps-6-2017-02-14 | nan | nan | The First Bancshares, Inc.FBMS was a big mover last session, as the company saw its shares rise 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $27.20 to $28.45 in the past one-month time frame.
In the last 30 days, the company has seen no estimate revision and the Zacks Consensus Estimate also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
The First Bancshares currently holds a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
The First Bancshares, Inc. Price
The First Bancshares, Inc. Price | The First Bancshares, Inc. Quote
Another well-ranked Banks-Southeast stock is Ameris Bancorp ABCB , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Is FBMS going up? Or down? Predict to see what others think: Up or Down
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The First Bancshares, Inc. Price The First Bancshares, Inc. Price | The First Bancshares, Inc. Quote Another well-ranked Banks-Southeast stock is Ameris Bancorp ABCB , which sports a Zacks Rank #1 (Strong Buy). Click to get this free report The First Bancshares, Inc. (FBMS): Free Stock Analysis Report Ameris Bancorp (ABCB): Free Stock Analysis Report To read this article on Zacks.com click here. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $27.20 to $28.45 in the past one-month time frame. | The First Bancshares, Inc. Price The First Bancshares, Inc. Price | The First Bancshares, Inc. Quote Another well-ranked Banks-Southeast stock is Ameris Bancorp ABCB , which sports a Zacks Rank #1 (Strong Buy). Click to get this free report The First Bancshares, Inc. (FBMS): Free Stock Analysis Report Ameris Bancorp (ABCB): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The First Bancshares, Inc. Price The First Bancshares, Inc. Price | The First Bancshares, Inc. Quote Another well-ranked Banks-Southeast stock is Ameris Bancorp ABCB , which sports a Zacks Rank #1 (Strong Buy). Click to get this free report The First Bancshares, Inc. (FBMS): Free Stock Analysis Report Ameris Bancorp (ABCB): Free Stock Analysis Report To read this article on Zacks.com click here. Predict to see what others think: Up or Down The Best Place to Start Your Stock Search Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks - absolutely free of charge. | The First Bancshares, Inc. Price The First Bancshares, Inc. Price | The First Bancshares, Inc. Quote Another well-ranked Banks-Southeast stock is Ameris Bancorp ABCB , which sports a Zacks Rank #1 (Strong Buy). Click to get this free report The First Bancshares, Inc. (FBMS): Free Stock Analysis Report Ameris Bancorp (ABCB): Free Stock Analysis Report To read this article on Zacks.com click here. The First Bancshares, Inc.FBMS was a big mover last session, as the company saw its shares rise 6% on the day. |
27932.0 | 2017-02-14 00:00:00 UTC | Seacoast (SBCF) Catches Eye: Stock Gains 5.1% in Session | ABCB | https://www.nasdaq.com/articles/seacoast-sbcf-catches-eye%3A-stock-gains-5.1-in-session-2017-02-14 | nan | nan | Seacoast Banking Corporation of FloridaSBCF was a big mover last session, as its shares rose over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 16% in the past one-month time frame.
The company has seen one positive estimate revision over the past 30 days. Also, its Zacks Consensus Estimate moved higher over the same timeframe, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Seacoast currently carries a Zacks Rank #2 (Buy).
Seacoast Banking Corporation of Florida Price
Seacoast Banking Corporation of Florida Price | Seacoast Banking Corporation of Florida Quote
Another favorably placed stock in the Banks - Southeast space is Ameris Bancorp, Inc ABCB , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Is SBCF going up? Or down? Predict to see what others think: Up or Down
The Best Place to Start Your Stock Search
Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks - absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Seacoast Banking Corporation of Florida Price Seacoast Banking Corporation of Florida Price | Seacoast Banking Corporation of Florida Quote Another favorably placed stock in the Banks - Southeast space is Ameris Bancorp, Inc ABCB , sporting a Zacks Rank #1 (Strong Buy). Click to get this free report Seacoast Banking Corporation of Florida (SBCF): Free Stock Analysis Report Ameris Bancorp (ABCB): Free Stock Analysis Report To read this article on Zacks.com click here. Seacoast Banking Corporation of FloridaSBCF was a big mover last session, as its shares rose over 5% on the day. | Seacoast Banking Corporation of Florida Price Seacoast Banking Corporation of Florida Price | Seacoast Banking Corporation of Florida Quote Another favorably placed stock in the Banks - Southeast space is Ameris Bancorp, Inc ABCB , sporting a Zacks Rank #1 (Strong Buy). Click to get this free report Seacoast Banking Corporation of Florida (SBCF): Free Stock Analysis Report Ameris Bancorp (ABCB): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Seacoast Banking Corporation of Florida Price Seacoast Banking Corporation of Florida Price | Seacoast Banking Corporation of Florida Quote Another favorably placed stock in the Banks - Southeast space is Ameris Bancorp, Inc ABCB , sporting a Zacks Rank #1 (Strong Buy). Click to get this free report Seacoast Banking Corporation of Florida (SBCF): Free Stock Analysis Report Ameris Bancorp (ABCB): Free Stock Analysis Report To read this article on Zacks.com click here. Predict to see what others think: Up or Down The Best Place to Start Your Stock Search Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks - absolutely free of charge. | Seacoast Banking Corporation of Florida Price Seacoast Banking Corporation of Florida Price | Seacoast Banking Corporation of Florida Quote Another favorably placed stock in the Banks - Southeast space is Ameris Bancorp, Inc ABCB , sporting a Zacks Rank #1 (Strong Buy). Click to get this free report Seacoast Banking Corporation of Florida (SBCF): Free Stock Analysis Report Ameris Bancorp (ABCB): Free Stock Analysis Report To read this article on Zacks.com click here. You can see the complete list of today's Zacks #1 Rank stocks here. |
27933.0 | 2017-01-19 00:00:00 UTC | Pre-Market Earnings Report for January 20, 2017 : GE, PG, SLB, SYF, STI, CFG, RF, COL, KSU, ABCB | ABCB | https://www.nasdaq.com/articles/pre-market-earnings-report-january-20-2017-ge-pg-slb-syf-sti-cfg-rf-col-ksu-abcb-2017-01 | nan | nan | The following companies are expected to report earnings prior to market open on 01/20/2017. Visit our Earnings Calendar for a full list of expected earnings releases.
General Electric Company ( GE ) is reporting for the quarter ending December 31, 2016. The diversified operations company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.46. This value represents a 11.54% decrease compared to the same quarter last year. In the past year GE has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2016 Price to Earnings ratio for GE is 20.96 vs. an industry ratio of 20.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Procter & Gamble Company ( PG ) is reporting for the quarter ending December 31, 2016. The cleaning company's consensus earnings per share forecast from the 11 analysts that follow the stock is $1.07. This value represents a 2.88% increase compared to the same quarter last year. In the past year PG has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 5.1%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for PG is 21.89 vs. an industry ratio of 22.70.
Schlumberger N.V. ( SLB ) is reporting for the quarter ending December 31, 2016. The oil (field services) company's consensus earnings per share forecast from the 16 analysts that follow the stock is $0.27. This value represents a 58.46% decrease compared to the same quarter last year. SLB missed the consensus earnings per share in the 1st calendar quarter of 2016 by -2.44%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for SLB is 76.74 vs. an industry ratio of -40.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Synchrony Financial ( SYF ) is reporting for the quarter ending December 31, 2016. The financial services company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.67. This value represents a 3.08% increase compared to the same quarter last year. In the past year SYF has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 7.35%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for SYF is 13.40 vs. an industry ratio of 12.40, implying that they will have a higher earnings growth than their competitors in the same industry.
SunTrust Banks, Inc. ( STI ) is reporting for the quarter ending December 31, 2016. The bank company's consensus earnings per share forecast from the 14 analysts that follow the stock is $0.88. This value represents a 3.30% decrease compared to the same quarter last year. In the past year STI has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 2.25%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for STI is 15.27 vs. an industry ratio of 15.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Citizens Financial Group, Inc. ( CFG ) is reporting for the quarter ending December 31, 2016. The savings & loan company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.52. This value represents a 23.81% increase compared to the same quarter last year. In the past year CFG has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2016 Price to Earnings ratio for CFG is 18.32 vs. an industry ratio of 21.70.
Regions Financial Corporation ( RF ) is reporting for the quarter ending December 31, 2016. The banks (southeast) company's consensus earnings per share forecast from the 25 analysts that follow the stock is $0.22. This value represents a 4.76% increase compared to the same quarter last year. In the past year RF has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2016 Price to Earnings ratio for RF is 16.13 vs. an industry ratio of 18.90.
Rockwell Collins, Inc. ( COL ) is reporting for the quarter ending December 31, 2016. The aerospace and defense company's consensus earnings per share forecast from the 9 analysts that follow the stock is $1.14. This value represents a 5.79% decrease compared to the same quarter last year. In the past year COL has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 0.64%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for COL is 16.50 vs. an industry ratio of 17.30.
Kansas City Southern ( KSU ) is reporting for the quarter ending December 31, 2016. The transportation (rail) company's consensus earnings per share forecast from the 9 analysts that follow the stock is $1.17. This value represents a 4.88% decrease compared to the same quarter last year. KSU missed the consensus earnings per share in the 3rd calendar quarter of 2016 by -6.67%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for KSU is 18.75 vs. an industry ratio of 18.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Ameris Bancorp ( ABCB ) is reporting for the quarter ending December 31, 2016. The banks (southeast) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.56. This value represents a 19.15% increase compared to the same quarter last year. ABCB missed the consensus earnings per share in the 4th calendar quarter of 2015 by -9.62%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABCB is 18.79 vs. an industry ratio of 18.90.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris Bancorp ( ABCB ) is reporting for the quarter ending December 31, 2016. ABCB missed the consensus earnings per share in the 4th calendar quarter of 2015 by -9.62%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABCB is 18.79 vs. an industry ratio of 18.90. | Ameris Bancorp ( ABCB ) is reporting for the quarter ending December 31, 2016. ABCB missed the consensus earnings per share in the 4th calendar quarter of 2015 by -9.62%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABCB is 18.79 vs. an industry ratio of 18.90. | Ameris Bancorp ( ABCB ) is reporting for the quarter ending December 31, 2016. ABCB missed the consensus earnings per share in the 4th calendar quarter of 2015 by -9.62%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABCB is 18.79 vs. an industry ratio of 18.90. | Ameris Bancorp ( ABCB ) is reporting for the quarter ending December 31, 2016. ABCB missed the consensus earnings per share in the 4th calendar quarter of 2015 by -9.62%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABCB is 18.79 vs. an industry ratio of 18.90. |
27934.0 | 2016-12-27 00:00:00 UTC | Ex-Dividend Reminder: ServisFirst Bancshares, Ameris Bancorp and Terreno Realty | ABCB | https://www.nasdaq.com/articles/ex-dividend-reminder-servisfirst-bancshares-ameris-bancorp-and-terreno-realty-2016-12-27 | nan | nan | Looking at the universe of stocks we cover at Dividend Channel , on 12/29/16, ServisFirst Bancshares Inc (Symbol: SFBS), Ameris Bancorp (Symbol: ABCB), and Terreno Realty Corp (Symbol: TRNO) will all trade ex-dividend for their respective upcoming dividends. ServisFirst Bancshares Inc will pay its quarterly dividend of $0.04 on 1/13/17, Ameris Bancorp will pay its quarterly dividend of $0.10 on 1/10/17, and Terreno Realty Corp will pay its quarterly dividend of $0.20 on 1/13/17. As a percentage of SFBS's recent stock price of $37.59, this dividend works out to approximately 0.11%, so look for shares of ServisFirst Bancshares Inc to trade 0.11% lower - all else being equal - when SFBS shares open for trading on 12/29/16. Similarly, investors should look for ABCB to open 0.22% lower in price and for TRNO to open 0.71% lower, all else being equal.
Below are dividend history charts for SFBS, ABCB, and TRNO, showing historical dividends prior to the most recent ones declared.
ServisFirst Bancshares Inc (Symbol: SFBS) :
Ameris Bancorp (Symbol: ABCB) :
Terreno Realty Corp (Symbol: TRNO) :
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 0.43% for ServisFirst Bancshares Inc, 0.90% for Ameris Bancorp, and 2.86% for Terreno Realty Corp.
In Tuesday trading, ServisFirst Bancshares Inc shares are currently up about 0.7%, Ameris Bancorp shares are up about 0.1%, and Terreno Realty Corp shares are trading flat on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Looking at the universe of stocks we cover at Dividend Channel , on 12/29/16, ServisFirst Bancshares Inc (Symbol: SFBS), Ameris Bancorp (Symbol: ABCB), and Terreno Realty Corp (Symbol: TRNO) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for ABCB to open 0.22% lower in price and for TRNO to open 0.71% lower, all else being equal. Below are dividend history charts for SFBS, ABCB, and TRNO, showing historical dividends prior to the most recent ones declared. | Looking at the universe of stocks we cover at Dividend Channel , on 12/29/16, ServisFirst Bancshares Inc (Symbol: SFBS), Ameris Bancorp (Symbol: ABCB), and Terreno Realty Corp (Symbol: TRNO) will all trade ex-dividend for their respective upcoming dividends. ServisFirst Bancshares Inc (Symbol: SFBS) : Ameris Bancorp (Symbol: ABCB) : Terreno Realty Corp (Symbol: TRNO) : In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for ABCB to open 0.22% lower in price and for TRNO to open 0.71% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel , on 12/29/16, ServisFirst Bancshares Inc (Symbol: SFBS), Ameris Bancorp (Symbol: ABCB), and Terreno Realty Corp (Symbol: TRNO) will all trade ex-dividend for their respective upcoming dividends. ServisFirst Bancshares Inc (Symbol: SFBS) : Ameris Bancorp (Symbol: ABCB) : Terreno Realty Corp (Symbol: TRNO) : In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for ABCB to open 0.22% lower in price and for TRNO to open 0.71% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel , on 12/29/16, ServisFirst Bancshares Inc (Symbol: SFBS), Ameris Bancorp (Symbol: ABCB), and Terreno Realty Corp (Symbol: TRNO) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for ABCB to open 0.22% lower in price and for TRNO to open 0.71% lower, all else being equal. Below are dividend history charts for SFBS, ABCB, and TRNO, showing historical dividends prior to the most recent ones declared. |
27935.0 | 2016-12-27 00:00:00 UTC | Ameris Bancorp (ABCB) Ex-Dividend Date Scheduled for December 28, 2016 | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-abcb-ex-dividend-date-scheduled-december-28-2016-2016-12-27 | nan | nan | Ameris Bancorp ( ABCB ) will begin trading ex-dividend on December 28, 2016. A cash dividend payment of $0.1 per share is scheduled to be paid on January 10, 2017. Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 100% increase over prior dividend payment. At the current stock price of $43.95, the dividend yield is .91%.
The previous trading day's last sale of ABCB was $43.95, representing a -7.86% decrease from the 52 week high of $47.70 and a 76.08% increase over the 52 week low of $24.96.
ABCB is a part of the Finance sector, which includes companies such as J P Morgan Chase & Co ( JPM ) and Wells Fargo & Company ( WFC ). ABCB's current earnings per share, an indicator of a company's profitability, is $1.98. Zacks Investment Research reports ABCB's forecasted earnings growth in 2016 as 34.94%, compared to an industry average of 11.5%.
For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports ABCB's forecasted earnings growth in 2016 as 34.94%, compared to an industry average of 11.5%. For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. | The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ameris Bancorp ( ABCB ) will begin trading ex-dividend on December 28, 2016. Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. The previous trading day's last sale of ABCB was $43.95, representing a -7.86% decrease from the 52 week high of $47.70 and a 76.08% increase over the 52 week low of $24.96. For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. ABCB's current earnings per share, an indicator of a company's profitability, is $1.98. Ameris Bancorp ( ABCB ) will begin trading ex-dividend on December 28, 2016. |
27936.0 | 2016-11-15 00:00:00 UTC | Why You Should Hold Prosperity Bancshares (PB) Stock Now | ABCB | https://www.nasdaq.com/articles/why-you-should-hold-prosperity-bancshares-pb-stock-now-2016-11-15 | nan | nan | On Nov 14, 2016, we issued an updated research report on Prosperity Bancshares Inc.PB . The company's organic growth remains impressive, supported by a strong balance sheet position and asset quality. However, higher expenses and a concentrated loan portfolio are expected to hurt its financials.
The company remains well positioned for organic growth. Notably, net revenue increased at a CAGR of 15.1% over the last six years (2010−2015). Also, revenues are expected to grow in the coming few quarters, driven by growth in loans.
Moreover, the company's continuous dividend hikes enhance investors' confidence. Notably, in Oct 2016, the company hiked its quarterly dividend by 13.3%. Additionally, its share repurchase program remains on track. Also, enhanced capital deployment activities are expected to continue, backed by the company's strong balance sheet position.
Further, improving credit quality and a rise in net interest margin are likely to benefit the company in the near term.
However, Prosperity Bancshares' expenses, which have remained toward the higher side, are expected to rise further, given its investment in franchise. Notably, non-interest expenses have increased at a CAGR of 16.5% for the four-year period (2012-2015).
Also, the company has a major portion of its loan portfolio consisting of real estate loans. Despite a rebound in the housing sector, any deterioration in the real estate prices will likely exert pressure on its financials. Moreover, the company has almost 3.2% of energy loan exposure, which remains a matter of concern in the near term.
Further, stringent regulations are expected to hurt the company's financials in the near term.
Currently, Prosperity Bancshares carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the finance space worth a look include Carolina Financial Corporation CARO , Farmers Capital Bank Corporation FFKT and Ameris Bancorp ABCB .
Carolina Financial has witnessed an upward earnings estimate revision of 12.9% for the current year over the past 30 days. Moreover, its share price is up 40.9% year to date. The company sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Farmers Capital also carries a Zacks Rank #1. It has witnessed an upward earnings estimate revision of nearly 8.3% for the current year over the past 30 days. Its share price is up 22.1% year to date.
Ameris Bancorp , with a Zacks Rank #2 (Buy), has witnessed an upward earnings estimate revision of 1.3% for the current year over the past 30 days. Also, its share price has gained 25.2% year to date.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Some better-ranked stocks in the finance space worth a look include Carolina Financial Corporation CARO , Farmers Capital Bank Corporation FFKT and Ameris Bancorp ABCB . Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report CAROLINA FIN CP (CARO): Free Stock Analysis Report PROSPERITY BCSH (PB): Free Stock Analysis Report To read this article on Zacks.com click here. The company's organic growth remains impressive, supported by a strong balance sheet position and asset quality. | Some better-ranked stocks in the finance space worth a look include Carolina Financial Corporation CARO , Farmers Capital Bank Corporation FFKT and Ameris Bancorp ABCB . Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report CAROLINA FIN CP (CARO): Free Stock Analysis Report PROSPERITY BCSH (PB): Free Stock Analysis Report To read this article on Zacks.com click here. Ameris Bancorp , with a Zacks Rank #2 (Buy), has witnessed an upward earnings estimate revision of 1.3% for the current year over the past 30 days. | Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report CAROLINA FIN CP (CARO): Free Stock Analysis Report PROSPERITY BCSH (PB): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the finance space worth a look include Carolina Financial Corporation CARO , Farmers Capital Bank Corporation FFKT and Ameris Bancorp ABCB . Ameris Bancorp , with a Zacks Rank #2 (Buy), has witnessed an upward earnings estimate revision of 1.3% for the current year over the past 30 days. | Some better-ranked stocks in the finance space worth a look include Carolina Financial Corporation CARO , Farmers Capital Bank Corporation FFKT and Ameris Bancorp ABCB . Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report CAROLINA FIN CP (CARO): Free Stock Analysis Report PROSPERITY BCSH (PB): Free Stock Analysis Report To read this article on Zacks.com click here. Ameris Bancorp , with a Zacks Rank #2 (Buy), has witnessed an upward earnings estimate revision of 1.3% for the current year over the past 30 days. |
27937.0 | 2016-11-15 00:00:00 UTC | Trustmark (TRMK) Inks Merger Deal with RB Bancorporation | ABCB | https://www.nasdaq.com/articles/trustmark-trmk-inks-merger-deal-with-rb-bancorporation-2016-11-15 | nan | nan | Trustmark CorporationTRMK , the holding company of Trustmark National Bank, announced that it has entered into a merger agreement with RB Bancorporation. The deal is expected to be complete in the first half of 2017.
Terms of the Deal
Per the agreement, RB Bancorporation, the holding company of Reliance Bank, will merge with Trustmark. Simultaneously, Reliance Bank will be combined with Trustmark National Bank.
The boards of directors of both the companies have approved the deal, which calls for the payment of $22 per share in cash to shareholders of RB Bancorporation. The transaction has an aggregate value of $25.6 million and is subject to the approval of the shareholders of RB Bancorporation and regulatory authorities.
The chief executive officer (CEO) of Trustmark, Gerard R. Host said, "We are excited to further expand our Alabama franchise in Athens and the surrounding Huntsville area, which is among the most attractive metropolitan areas in the Southeast. Reliance Bank's management team possesses in-depth knowledge of the Huntsville market and is committed to customer satisfaction. In addition to their solid customer base and attractive Huntsville market, the transaction is a natural expansion of our Alabama franchise."
In response, President and CEO of RB Bancorporation, Robert F. Harwell, Jr. said, "We are pleased to partner with an organization that has a long and distinguished history of leadership in community banking and shares our customer focus. We look forward to joining Trustmark and providing our customers additional financial solutions to meet their specific needs."
Regarding the merger, Trustmark was given legal advice by Brunini, Grantham, Grower & Hewes.
Currently, Trustmark has offices in Alabama, Florida, Mississippi, Tennessee and Texas, whereas RB Bancorporation has its office in Huntsville, AL.
Currently, Trustmark carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same space include Carolina Financial Corp. CARO , Farmers Capital Bank Corp. FFKT and Ameris Bancorp ABCB .
Carolina Financial witnessed an upward earnings estimate revision of 12.9% for the current year over the past 30 days. Moreover, its share price has gained 40.9% year to date. The company sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Farmers Capital also carries a Zacks Rank #1. It witnessed an upward earnings estimate revision of nearly 8.3% for the current year over the past 30 days. The company's share price has risen 22.1% year to date.
Ameris Bancorp , with a Zacks Rank #2 (Buy), witnessed an upward earnings estimate revision of 1.3% for the current year over the past 30 days. The company's share price has improved 25.2% year to date.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Some better-ranked stocks in the same space include Carolina Financial Corp. CARO , Farmers Capital Bank Corp. FFKT and Ameris Bancorp ABCB . Click to get this free report TRUSTMARK CP (TRMK): Free Stock Analysis Report AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report CAROLINA FIN CP (CARO): Free Stock Analysis Report To read this article on Zacks.com click here. In response, President and CEO of RB Bancorporation, Robert F. Harwell, Jr. said, "We are pleased to partner with an organization that has a long and distinguished history of leadership in community banking and shares our customer focus. | Some better-ranked stocks in the same space include Carolina Financial Corp. CARO , Farmers Capital Bank Corp. FFKT and Ameris Bancorp ABCB . Click to get this free report TRUSTMARK CP (TRMK): Free Stock Analysis Report AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report CAROLINA FIN CP (CARO): Free Stock Analysis Report To read this article on Zacks.com click here. Ameris Bancorp , with a Zacks Rank #2 (Buy), witnessed an upward earnings estimate revision of 1.3% for the current year over the past 30 days. | Click to get this free report TRUSTMARK CP (TRMK): Free Stock Analysis Report AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report CAROLINA FIN CP (CARO): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the same space include Carolina Financial Corp. CARO , Farmers Capital Bank Corp. FFKT and Ameris Bancorp ABCB . Trustmark CorporationTRMK , the holding company of Trustmark National Bank, announced that it has entered into a merger agreement with RB Bancorporation. | Some better-ranked stocks in the same space include Carolina Financial Corp. CARO , Farmers Capital Bank Corp. FFKT and Ameris Bancorp ABCB . Click to get this free report TRUSTMARK CP (TRMK): Free Stock Analysis Report AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report CAROLINA FIN CP (CARO): Free Stock Analysis Report To read this article on Zacks.com click here. Terms of the Deal Per the agreement, RB Bancorporation, the holding company of Reliance Bank, will merge with Trustmark. |
27938.0 | 2016-11-15 00:00:00 UTC | 5 Reasons to Buy South State Corp. (SSB) Stock Now | ABCB | https://www.nasdaq.com/articles/5-reasons-to-buy-south-state-corp.-ssb-stock-now-2016-11-15 | nan | nan | Over the past few weeks, banking stocks have been witnessing a bullish trend reflecting improved earnings. Further, with Donald Trump elected President, the banks expect fewer regulations. Also, chances of a rate hike in December are quite high.
Hence, it's the right time to add a few banking stocks to your portfolio. Today, we bring one such stock - South State CorporationSSB - that continues to depict strong fundamentals and improving prospects.
In third-quarter 2016, South State's earnings surpassed the Zacks Consensus Estimate. Moreover, it has witnessed an upward earnings estimate revision of nearly 1% for 2016 over the past 30 days, indicating analysts' optimism about its growth prospects.
Further, this Zacks Rank #2 (Buy) stock has risen over 18% year to date and has an impressive earnings surprise history. You can see that in the chart below:
SOUTH STATE CP Price and EPS Surprise
SOUTH STATE CP Price and EPS Surprise | SOUTH STATE CP Quote
Why a Solid Pick?
Revenue Strength: South State Corporation's net revenue has risen at a compounded annual growth rate ("CAGR") of 21% over the last five years (2011-2015). The sturdy top-line increase was backed by strong loan and deposit growth. Moreover, the company's projected sales growth (F1/F0) of 3.6% ensures continuation of the upward revenue trend.
Earnings per Share Growth: South State has witnessed approximately 7.8% rise in earnings per share over the last three-five years. Further, this earnings momentum will likely continue in the near term, as reflected by the company's projected EPS growth (F1/F0) of 5.6%.
Superior ROE: South State's Return on Equity (ROE) ratio is 9.83% compared with industry average of 7.88%. This indicates that the company reinvests more efficiently as compared with the industry.
Strong Leverage: The debt-to-equity ratio for South State Corporation is 0.05 compared with the industry average of 0.33. This indicates greater financial stability for the company and lesser risk for shareholders.
Valuation Looks Reasonable: South State has a Value Style Score of 'B.' The Value Style Score condenses all valuation metrics into one actionable score that helps investors steer clear of 'value traps' and identify stocks that are truly trading at a discount. Our research shows that stocks with Style Scores of 'A' or 'B,' when combined with Zacks Rank #1 (Strong Buy) or #2, offer the best upside potential.
Other Stocks Worth a Look
Other stocks worth considering in the financial sector include Farmers Capital Bank Corp. FFKT , Carolina Financial Corp. CARO and Ameris Bancorp ABCB .
Farmers Capital has witnessed an upward earnings estimate revision of 8.3% over the past 30 days. Also, its share price is up over 22% year to date. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Carolina Financial also sports a Zacks Rank #1 and has witnessed an upward earnings estimate revision of 12.9% over the past 30 days. Moreover, its share price is up nearly 41% year to date.
Ameris Bancorp currently carries a Zacks Rank #2. It has witnessed an upward earnings estimate revision of 1.3% over the past 30 days and its share price has risen over 25% year to date.
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CAROLINA FIN CP (CARO): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other Stocks Worth a Look Other stocks worth considering in the financial sector include Farmers Capital Bank Corp. FFKT , Carolina Financial Corp. CARO and Ameris Bancorp ABCB . Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report CAROLINA FIN CP (CARO): Free Stock Analysis Report SOUTH STATE CP (SSB): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, it has witnessed an upward earnings estimate revision of nearly 1% for 2016 over the past 30 days, indicating analysts' optimism about its growth prospects. | Other Stocks Worth a Look Other stocks worth considering in the financial sector include Farmers Capital Bank Corp. FFKT , Carolina Financial Corp. CARO and Ameris Bancorp ABCB . Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report CAROLINA FIN CP (CARO): Free Stock Analysis Report SOUTH STATE CP (SSB): Free Stock Analysis Report To read this article on Zacks.com click here. You can see that in the chart below: SOUTH STATE CP Price and EPS Surprise SOUTH STATE CP Price and EPS Surprise | SOUTH STATE CP Quote Why a Solid Pick? | Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report CAROLINA FIN CP (CARO): Free Stock Analysis Report SOUTH STATE CP (SSB): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks Worth a Look Other stocks worth considering in the financial sector include Farmers Capital Bank Corp. FFKT , Carolina Financial Corp. CARO and Ameris Bancorp ABCB . You can see that in the chart below: SOUTH STATE CP Price and EPS Surprise SOUTH STATE CP Price and EPS Surprise | SOUTH STATE CP Quote Why a Solid Pick? | Other Stocks Worth a Look Other stocks worth considering in the financial sector include Farmers Capital Bank Corp. FFKT , Carolina Financial Corp. CARO and Ameris Bancorp ABCB . Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report CAROLINA FIN CP (CARO): Free Stock Analysis Report SOUTH STATE CP (SSB): Free Stock Analysis Report To read this article on Zacks.com click here. You can see that in the chart below: SOUTH STATE CP Price and EPS Surprise SOUTH STATE CP Price and EPS Surprise | SOUTH STATE CP Quote Why a Solid Pick? |
27939.0 | 2016-11-14 00:00:00 UTC | Here's Why You Should Buy SVB Financial (SIVB) Right Now | ABCB | https://www.nasdaq.com/articles/heres-why-you-should-buy-svb-financial-sivb-right-now-2016-11-14 | nan | nan | Over the last few weeks, banking stocks have been witnessing an upward momentum, driven by improved earnings. Further, with Donald Trump elected to be the President, the banks expect lesser regulations. Also, chances of a rate hike in December are quite high.
Therefore, this a good time to add a few banking stocks in your portfolio. Today, we bring one such stock - SVB Financial GroupSIVB - that continues to depict strong fundamentals and improving prospects.
In third-quarter 2016, SVB Financial's earnings surpassed the Zacks Consensus Estimate. Moreover, it has witnessed an upward earnings estimate revision of 4.5% for 2016 over the past 30 days, indicating analysts' optimism about its growth prospects.
Further, this Zacks Rank #2 (Buy) stock has risen nearly 22% year to date and has recorded an impressive earnings surprise history. You can see that in the chart below:
SVB FINL GP Price and EPS Surprise
SVB FINL GP Price and EPS Surprise | SVB FINL GP Quote
Why an Attractive Choice?
Revenue Strength: SVB Financial's net revenue has risen at a compounded annual growth rate ("CAGR") of 15.8% over the last four years (2012-2015). The sturdy top-line increase was backed by strong loan and deposit growth. Additionally, the company's projected sales growth (F1/F0) of 4.4% ensures continuation of the upward revenue trend.
Earnings per Share Growth: SVB Financial has witnessed approximately 10.7% rise in earnings per share over the last three-five years. Further, this earnings momentum will likely continue in the near term, as reflected by the company's projected EPS growth (F1/F0) of 8%.
Also, the company's long-term (3-5 years) estimated EPS growth rate of 11.0% (versus the industry growth rate of 9.5%) promises rewards for investors in the long run.
Superior ROE: SVB Financial's Return on Equity (ROE) ratio is 10.25% compared with industry average of 9.24%. This indicates that the company reinvests more efficiently as compared with industry.
Other Stocks Worth a Look
Other stocks worth considering in the financial sector include Farmers Capital Bank Corporation FFKT , Carolina Financial Corporation CARO and Ameris Bancorp ABCB .
Farmers Capital witnessed an upward earnings estimate revision of 8.3% over the past 30 days. Also, its share price is up nearly 22% year to date. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Carolina Financial also sports a Zacks Rank #1 and has witnessed an upward earnings estimate revision of 12.9% over the past 30 days. Moreover, its share price is up nearly 39% year to date.
Ameris Bancorp currently carries a Zacks Rank #2. It has witnessed an upward earnings estimate revision of 1.3% over the past 30 days and its share price has risen over 25% year to date.
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AMERIS BANCORP (ABCB): Free Stock Analysis Report
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SVB FINL GP (SIVB): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other Stocks Worth a Look Other stocks worth considering in the financial sector include Farmers Capital Bank Corporation FFKT , Carolina Financial Corporation CARO and Ameris Bancorp ABCB . Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report SVB FINL GP (SIVB): Free Stock Analysis Report CAROLINA FIN CP (CARO): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, it has witnessed an upward earnings estimate revision of 4.5% for 2016 over the past 30 days, indicating analysts' optimism about its growth prospects. | Other Stocks Worth a Look Other stocks worth considering in the financial sector include Farmers Capital Bank Corporation FFKT , Carolina Financial Corporation CARO and Ameris Bancorp ABCB . Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report SVB FINL GP (SIVB): Free Stock Analysis Report CAROLINA FIN CP (CARO): Free Stock Analysis Report To read this article on Zacks.com click here. You can see that in the chart below: SVB FINL GP Price and EPS Surprise SVB FINL GP Price and EPS Surprise | SVB FINL GP Quote Why an Attractive Choice? | Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report SVB FINL GP (SIVB): Free Stock Analysis Report CAROLINA FIN CP (CARO): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks Worth a Look Other stocks worth considering in the financial sector include Farmers Capital Bank Corporation FFKT , Carolina Financial Corporation CARO and Ameris Bancorp ABCB . Earnings per Share Growth: SVB Financial has witnessed approximately 10.7% rise in earnings per share over the last three-five years. | Other Stocks Worth a Look Other stocks worth considering in the financial sector include Farmers Capital Bank Corporation FFKT , Carolina Financial Corporation CARO and Ameris Bancorp ABCB . Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report SVB FINL GP (SIVB): Free Stock Analysis Report CAROLINA FIN CP (CARO): Free Stock Analysis Report To read this article on Zacks.com click here. Also, the company's long-term (3-5 years) estimated EPS growth rate of 11.0% (versus the industry growth rate of 9.5%) promises rewards for investors in the long run. |
27940.0 | 2016-11-08 00:00:00 UTC | 5 Reasons Why You Should Buy Hancock (HBHC) Stock Now | ABCB | https://www.nasdaq.com/articles/5-reasons-why-you-should-buy-hancock-hbhc-stock-now-2016-11-08 | nan | nan | The banking sector has been witnessing improved earnings this time, with most of the companies delivering better-than-expected results. Further, with higher chances of the Fed rate hike next month, banking stocks are expected to witness a further rise in revenue in the quarters ahead.
Here is one such stock from the sector that reflects strong fundamentals and solid long-term growth opportunity. Hancock Holding CompanyHBHC is a regional southeast bank, with a market capitalization of $2.5 billion. In third-quarter 2016, the company's earnings outpaced the Zacks Consensus Estimate. Moreover, it has witnessed an upward earnings estimate revision of 3.8% over the past 30 days, indicating analysts' optimism about its growth prospects.
Further, this Zacks Rank #2 (Buy) stock has risen nearly 35.1% year to date and has witnessed an impressive earnings surprise history. You can see that in the chart below:
HANCOCK HLDG CO Price and EPS Surprise
HANCOCK HLDG CO Price and EPS Surprise | HANCOCK HLDG CO Quote
Further, the company has a number of other aspects that make it an attractive investment option.
Revenue Strength: Hancock's initiatives to enhance revenues remain impressive. Revenue has been growing at a compounded annual growth rate ("CAGR") of 4.3% over the last five years (2011-2015). The improvement is backed by strong loan growth. Moreover, the company's projected sales growth (F1/F0) of 8% ensures continuation of the uptrend.
Earnings Growth: Hancock has witnessed EPS growth of 8.5% over the past 3-5 years. Moreover, this earnings momentum is likely to continue in the near term as reflected by the company's projected EPS growth (F1/F0) of 7.2%.
Also, the company's long-term (5 years) estimated EPS growth rate of 8% promises rewards for investors in the long run.
Strong Leverage: Hancock's debt/equity ratio stands at 0.19, compared with the industry average of 0.37, indicating a relatively lower debt burden. It also indicates the financial stability of the company even in adverse economic conditions.
Declining Expenses: Hancock is focused on streamlining its operations in an effort to improve efficiency. Operating expenses have declined at a 4-year CAGR of 3.1% (2012-2015). The company continues targeting further improvement in operating efficiency through additional review of office areas and branch network.
Valuation Looks Reasonable: Hancock has a Value Style Score of 'B'. The Value Style Score condenses all valuation metrics into one actionable score that helps investors steer clear of 'value traps' and identify stocks that are truly trading at a discount. Our research shows that stocks with Style Scores of 'A' or 'B', when combined with Zacks Rank #1 (Strong Buy) or #2, offer the best upside potential.
Other Stocks to Consider
Some other stocks in the same space worth a look include Farmers Capital Bank Corporation FFKT , Carolina Financial Corporation CARO and Ameris Bancorp ABCB .
Farmers Capital witnessed an upward earnings estimate revision of 8.3% over the past 30 days. Also, its share price is up 17.1% year to date. It currently sports a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
Carolina Financial also sports a Zacks Rank #1 and has witnessed an upward earnings estimate revision of 12.9% over the past 30 days. Moreover, its share price is up 26.7% year to date.
Ameris Bancorp currently carries a Zacks Rank #2. It has witnessed an upward earnings estimate revision of 1.3% over the past 30 days, and its share price has risen 8.6% year to date.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>> .
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AMERIS BANCORP (ABCB): Free Stock Analysis Report
HANCOCK HLDG CO (HBHC): Free Stock Analysis Report
FARMERS CAP KY (FFKT): Free Stock Analysis Report
CAROLINA FIN CP (CARO): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other Stocks to Consider Some other stocks in the same space worth a look include Farmers Capital Bank Corporation FFKT , Carolina Financial Corporation CARO and Ameris Bancorp ABCB . Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report HANCOCK HLDG CO (HBHC): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report CAROLINA FIN CP (CARO): Free Stock Analysis Report To read this article on Zacks.com click here. Further, with higher chances of the Fed rate hike next month, banking stocks are expected to witness a further rise in revenue in the quarters ahead. | Other Stocks to Consider Some other stocks in the same space worth a look include Farmers Capital Bank Corporation FFKT , Carolina Financial Corporation CARO and Ameris Bancorp ABCB . Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report HANCOCK HLDG CO (HBHC): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report CAROLINA FIN CP (CARO): Free Stock Analysis Report To read this article on Zacks.com click here. You can see that in the chart below: HANCOCK HLDG CO Price and EPS Surprise HANCOCK HLDG CO Price and EPS Surprise | HANCOCK HLDG CO Quote Further, the company has a number of other aspects that make it an attractive investment option. | Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report HANCOCK HLDG CO (HBHC): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report CAROLINA FIN CP (CARO): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Some other stocks in the same space worth a look include Farmers Capital Bank Corporation FFKT , Carolina Financial Corporation CARO and Ameris Bancorp ABCB . You can see that in the chart below: HANCOCK HLDG CO Price and EPS Surprise HANCOCK HLDG CO Price and EPS Surprise | HANCOCK HLDG CO Quote Further, the company has a number of other aspects that make it an attractive investment option. | Other Stocks to Consider Some other stocks in the same space worth a look include Farmers Capital Bank Corporation FFKT , Carolina Financial Corporation CARO and Ameris Bancorp ABCB . Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report HANCOCK HLDG CO (HBHC): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report CAROLINA FIN CP (CARO): Free Stock Analysis Report To read this article on Zacks.com click here. Further, this Zacks Rank #2 (Buy) stock has risen nearly 35.1% year to date and has witnessed an impressive earnings surprise history. |
27941.0 | 2016-11-07 00:00:00 UTC | Is Ameris Bancorp (ABCB) Stock a Solid Choice Right Now? | ABCB | https://www.nasdaq.com/articles/is-ameris-bancorp-abcb-stock-a-solid-choice-right-now-2016-11-07 | nan | nan | One stock that might be an intriguing choice for investors right now is Ameris BancorpABCB . This is because this security in the Banks-Southeast space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Banks-Southeast space as it currently has a Zacks Industry Rank of 71 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Ameris Bancorp is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm's prospects in both the short and long term.
AMERIS BANCORP Price and Consensus
AMERIS BANCORP Price and Consensus | AMERIS BANCORP Quote
In fact, over the past month, current quarter estimates have risen from 58 cents per share to 59 cents per share, while current year estimates have risen from $2.24 per share to $2.27 per share. This has helped ABCB to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
So, if you are looking for a decent pick in a strong industry, consider Ameris Bancorp. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | One stock that might be an intriguing choice for investors right now is Ameris BancorpABCB . This has helped ABCB to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position. Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report To read this article on Zacks.com click here. | One stock that might be an intriguing choice for investors right now is Ameris BancorpABCB . This has helped ABCB to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position. Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report To read this article on Zacks.com click here. | One stock that might be an intriguing choice for investors right now is Ameris BancorpABCB . This has helped ABCB to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position. Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report To read this article on Zacks.com click here. | One stock that might be an intriguing choice for investors right now is Ameris BancorpABCB . This has helped ABCB to earn a Zacks Rank #2 (Buy), further underscoring the company's solid position. Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report To read this article on Zacks.com click here. |
27942.0 | 2016-10-31 00:00:00 UTC | FTN Financial to Acquire Coastal Securities for $160M | ABCB | https://www.nasdaq.com/articles/ftn-financial-to-acquire-coastal-securities-for-%24160m-2016-10-31 | nan | nan | On Oct 27, 2016, FTN Financial, a division of First Tennessee Bank, announced that it will acquire a Houston-based financial company Coastal Securities for $160 million in cash, based on the book/market value of acquired net assets at closing. First Tennessee Bank is a subsidiary of First Horizon National CorporationFHN .
Coastal Securities which is a national lender in the trading, securitization and analysis of Small Business Administration (SBA) loans has offices in Houston, Dallas, San Antonio, Austin and Little Rock, AR. Moreover, the combination of FTN's existing SBA trading activities and Coastal's loan products are expected to increase FTN Financial's revenues and help in product diversification.
The chairman of Coastal's parent company said, "The combination of our deep expertise in government-guaranteed loan products with FTN Financial's extensive distribution platform, liquidity and capital presents a compelling opportunity for our customers, employees and shareholders. Our team at Coastal looks forward to joining with FTN Financial to enhance our market position and create further value for our clients."
The deal, which is expected to close in early 2017, has already been approved by the Board of Directors of First Horizon and Coastal Financial Holdings. Notably, upon closure, the deal should be immediately accretive to First Horizon's earnings per share, return on tangible common equity and return on assets.
Per a presentation made by First Horizon, all the employees of Coastal Securities will continue to be part of the combined business, whereas a retention program would be established for some of its employees.
Justifying the deal, President of FTN Financial, Michael E. Kisber said, "With more than 25 years of experience, Coastal has established itself as a market leader in the SBA and USDA product sectors. A pioneer in the pooling of SBA loans, Coastal consistently ranks annually as one of the top pool assemblers, providing important market liquidity to facilitate ongoing government-guaranteed lending activities across the nation."
Currently, First Horizon carries a Zacks Rank #3 (Hold).
Some better-ranked south-east bank stocks include Farmers Capital Bank Corporation FFKT , Carolina Financial Corporation CARO and Ameris Bancorp ABCB .
Farmers Capital has witnessed an upward earnings estimate revision of 8.3% over the past 30 days and its share price is up 16.9% year to date. It sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Carolina Financial also sports a Zacks Rank #1 and has witnessed an upward earnings estimate revision of approximately 12.9% over the past 30 days. Moreover, its share price is up 28.1% year to date.
Ameris Bancorp has witnessed an upward earnings estimate revision of 1.3% over the past 30 days and its share price is up 6.1% year to date. It currently carries a Zacks Rank #2 (Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Some better-ranked south-east bank stocks include Farmers Capital Bank Corporation FFKT , Carolina Financial Corporation CARO and Ameris Bancorp ABCB . Click to get this free report FIRST HRZN NATL (FHN): Free Stock Analysis Report AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report CAROLINA FIN CP (CARO): Free Stock Analysis Report To read this article on Zacks.com click here. Coastal Securities which is a national lender in the trading, securitization and analysis of Small Business Administration (SBA) loans has offices in Houston, Dallas, San Antonio, Austin and Little Rock, AR. | Some better-ranked south-east bank stocks include Farmers Capital Bank Corporation FFKT , Carolina Financial Corporation CARO and Ameris Bancorp ABCB . Click to get this free report FIRST HRZN NATL (FHN): Free Stock Analysis Report AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report CAROLINA FIN CP (CARO): Free Stock Analysis Report To read this article on Zacks.com click here. Farmers Capital has witnessed an upward earnings estimate revision of 8.3% over the past 30 days and its share price is up 16.9% year to date. | Click to get this free report FIRST HRZN NATL (FHN): Free Stock Analysis Report AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report CAROLINA FIN CP (CARO): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked south-east bank stocks include Farmers Capital Bank Corporation FFKT , Carolina Financial Corporation CARO and Ameris Bancorp ABCB . Moreover, the combination of FTN's existing SBA trading activities and Coastal's loan products are expected to increase FTN Financial's revenues and help in product diversification. | Some better-ranked south-east bank stocks include Farmers Capital Bank Corporation FFKT , Carolina Financial Corporation CARO and Ameris Bancorp ABCB . Click to get this free report FIRST HRZN NATL (FHN): Free Stock Analysis Report AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report CAROLINA FIN CP (CARO): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, the combination of FTN's existing SBA trading activities and Coastal's loan products are expected to increase FTN Financial's revenues and help in product diversification. |
27943.0 | 2016-10-17 00:00:00 UTC | Financial Sector Update for 10/17/2016: ABCB,IBN,SCHW | ABCB | https://www.nasdaq.com/articles/financial-sector-update-10172016-abcbibnschw-2016-10-17 | nan | nan | Top Financial Stocks
JPM -0.52%
BAC -0.06%
WFC -0.47%
C +0.04%
USB -0.35%
Financial stocks were narrowly lower again this afternoon, with the NYSE Financial Sector Index declining less than 0.1% in recent trading while financial companies in the S&P 500 Index were falling about 0.2%.
In company news, Ameris Bancorp ( ABCB ) were lower this afternoon, with shares of the bank holding company reporting above-consensus Q3 net income while revenue for the period was roughly in-line with Wall Street estimates.
The company earned $0.61 during the three months ended Sept. 30, up from a $0.49 per share profit during the year-ago period and beating the Capital IQ consensus by $0.02 per share. Revenue rose 3.5% over year-ago levels to $85.9 million compared with the Street view expecting $86 million in revenue.
ABCB shares were down about 0.4% at $35.65 apiece, giving back an initial run today as high as $36.25 a share.
In other sector news,
(+) IBN, (+4.8%) Essar Group sells refinery unit to Russian oil producer Rosneft PJSC and a consortium of Trafigura and United Capital Partners for $13 bln, boosting prospects Essar will repay debt owed to IBN.
(-) SCHW, (-1.6%) Excluding $0.01 per share in litigation proceeds, Q3 EPS of $0.35 beats Captial IQ consensus by $0.02 per share. Revenue climbs 20% over year-ago levels to $1.91 bln, edging out the Street view by $20 mln.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In company news, Ameris Bancorp ( ABCB ) were lower this afternoon, with shares of the bank holding company reporting above-consensus Q3 net income while revenue for the period was roughly in-line with Wall Street estimates. ABCB shares were down about 0.4% at $35.65 apiece, giving back an initial run today as high as $36.25 a share. In other sector news, (+) IBN, (+4.8%) Essar Group sells refinery unit to Russian oil producer Rosneft PJSC and a consortium of Trafigura and United Capital Partners for $13 bln, boosting prospects Essar will repay debt owed to IBN. | In company news, Ameris Bancorp ( ABCB ) were lower this afternoon, with shares of the bank holding company reporting above-consensus Q3 net income while revenue for the period was roughly in-line with Wall Street estimates. ABCB shares were down about 0.4% at $35.65 apiece, giving back an initial run today as high as $36.25 a share. The company earned $0.61 during the three months ended Sept. 30, up from a $0.49 per share profit during the year-ago period and beating the Capital IQ consensus by $0.02 per share. | In company news, Ameris Bancorp ( ABCB ) were lower this afternoon, with shares of the bank holding company reporting above-consensus Q3 net income while revenue for the period was roughly in-line with Wall Street estimates. ABCB shares were down about 0.4% at $35.65 apiece, giving back an initial run today as high as $36.25 a share. Financial stocks were narrowly lower again this afternoon, with the NYSE Financial Sector Index declining less than 0.1% in recent trading while financial companies in the S&P 500 Index were falling about 0.2%. | In company news, Ameris Bancorp ( ABCB ) were lower this afternoon, with shares of the bank holding company reporting above-consensus Q3 net income while revenue for the period was roughly in-line with Wall Street estimates. ABCB shares were down about 0.4% at $35.65 apiece, giving back an initial run today as high as $36.25 a share. Financial stocks were narrowly lower again this afternoon, with the NYSE Financial Sector Index declining less than 0.1% in recent trading while financial companies in the S&P 500 Index were falling about 0.2%. |
27944.0 | 2016-10-17 00:00:00 UTC | Financial Sector Update for 10/17/2016: WSFS, ABCB | ABCB | https://www.nasdaq.com/articles/financial-sector-update-10172016-wsfs-abcb-2016-10-17 | nan | nan | Top Financial Shares:
JPM: -0.4%
BAC: +1.2%
WFC: flat
C: flat
USB: -0.1%
Financial shares were mixed in pre-market trade on Monday.
In financial stocks news, WSFS Financial ( WSFS ), a savings and loan holding company, said Monday that it has acquired the assets of West Capital Management, an independent wealth management firm based in Philadelphia. Terms of the transaction were not disclosed.
Shares in the company were unchanged at $35.85 pre-bell. The stock has traded between $26.40 and $39.31 over the past 52 weeks.
And Ameris Bancorp ( ABCB ) said Q3 earnings per share of $0.61 increased from $0.49 in the same period a year ago, topping the estimate of $0.59 from analysts polled by CapIQ.
Shares in the company were unchanged at $35.78. The stock has traded between $24.96 and $36.31 over the past 52 weeks.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | And Ameris Bancorp ( ABCB ) said Q3 earnings per share of $0.61 increased from $0.49 in the same period a year ago, topping the estimate of $0.59 from analysts polled by CapIQ. Financial shares were mixed in pre-market trade on Monday. In financial stocks news, WSFS Financial ( WSFS ), a savings and loan holding company, said Monday that it has acquired the assets of West Capital Management, an independent wealth management firm based in Philadelphia. | The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. And Ameris Bancorp ( ABCB ) said Q3 earnings per share of $0.61 increased from $0.49 in the same period a year ago, topping the estimate of $0.59 from analysts polled by CapIQ. In financial stocks news, WSFS Financial ( WSFS ), a savings and loan holding company, said Monday that it has acquired the assets of West Capital Management, an independent wealth management firm based in Philadelphia. | And Ameris Bancorp ( ABCB ) said Q3 earnings per share of $0.61 increased from $0.49 in the same period a year ago, topping the estimate of $0.59 from analysts polled by CapIQ. Financial shares were mixed in pre-market trade on Monday. In financial stocks news, WSFS Financial ( WSFS ), a savings and loan holding company, said Monday that it has acquired the assets of West Capital Management, an independent wealth management firm based in Philadelphia. | And Ameris Bancorp ( ABCB ) said Q3 earnings per share of $0.61 increased from $0.49 in the same period a year ago, topping the estimate of $0.59 from analysts polled by CapIQ. Top Financial Shares: WFC: flat C: flat |
27945.0 | 2016-10-16 00:00:00 UTC | Pre-Market Earnings Report for October 17, 2016 : BAC, HAS, LII, ABCB | ABCB | https://www.nasdaq.com/articles/pre-market-earnings-report-october-17-2016-bac-has-lii-abcb-2016-10-16 | nan | nan | The following companies are expected to report earnings prior to market open on 10/17/2016. Visit our Earnings Calendar for a full list of expected earnings releases.
Bank of America Corporation ( BAC ) is reporting for the quarter ending September 30, 2016. The bank company's consensus earnings per share forecast from the 12 analysts that follow the stock is $0.34. This value represents a 8.11% decrease compared to the same quarter last year. BAC missed the consensus earnings per share in the 1st calendar quarter of 2016 by -4.55%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for BAC is 12.21 vs. an industry ratio of 13.10.
Hasbro, Inc. ( HAS ) is reporting for the quarter ending September 30, 2016. The toy (game/hobby) company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.74. This value represents a 10.13% increase compared to the same quarter last year. In the past year HAS has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 5.13%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for HAS is 18.76 vs. an industry ratio of 26.40.
Lennox International, Inc. ( LII ) is reporting for the quarter ending September 30, 2016. The building company's consensus earnings per share forecast from the 16 analysts that follow the stock is $2.26. This value represents a 24.18% increase compared to the same quarter last year. LII missed the consensus earnings per share in the 4th calendar quarter of 2015 by -9.76%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for LII is 23.21 vs. an industry ratio of 13.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Ameris Bancorp ( ABCB ) is reporting for the quarter ending September 30, 2016. The banks (southeast) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.59. This value represents a 22.92% increase compared to the same quarter last year. ABCB missed the consensus earnings per share in the 4th calendar quarter of 2015 by -9.62%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABCB is 15.97 vs. an industry ratio of 16.30.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris Bancorp ( ABCB ) is reporting for the quarter ending September 30, 2016. ABCB missed the consensus earnings per share in the 4th calendar quarter of 2015 by -9.62%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABCB is 15.97 vs. an industry ratio of 16.30. | Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABCB is 15.97 vs. an industry ratio of 16.30. Ameris Bancorp ( ABCB ) is reporting for the quarter ending September 30, 2016. ABCB missed the consensus earnings per share in the 4th calendar quarter of 2015 by -9.62%. | ABCB missed the consensus earnings per share in the 4th calendar quarter of 2015 by -9.62%. Ameris Bancorp ( ABCB ) is reporting for the quarter ending September 30, 2016. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABCB is 15.97 vs. an industry ratio of 16.30. | ABCB missed the consensus earnings per share in the 4th calendar quarter of 2015 by -9.62%. Ameris Bancorp ( ABCB ) is reporting for the quarter ending September 30, 2016. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABCB is 15.97 vs. an industry ratio of 16.30. |
27946.0 | 2016-10-14 00:00:00 UTC | Pre-Market Earnings Report for October 17, 2016 : BAC, HAS, LII, ABCB | ABCB | https://www.nasdaq.com/articles/pre-market-earnings-report-october-17-2016-bac-has-lii-abcb-2016-10-14 | nan | nan | The following companies are expected to report earnings prior to market open on 10/17/2016. Visit our Earnings Calendar for a full list of expected earnings releases.
Bank of America Corporation ( BAC ) is reporting for the quarter ending September 30, 2016. The bank company's consensus earnings per share forecast from the 12 analysts that follow the stock is $0.34. This value represents a 8.11% decrease compared to the same quarter last year. BAC missed the consensus earnings per share in the 1st calendar quarter of 2016 by -4.55%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for BAC is 12.08 vs. an industry ratio of 13.10.
Hasbro, Inc. ( HAS ) is reporting for the quarter ending September 30, 2016. The toy (game/hobby) company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.74. This value represents a 10.13% increase compared to the same quarter last year. In the past year HAS has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 5.13%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for HAS is 18.87 vs. an industry ratio of 26.40.
Lennox International, Inc. ( LII ) is reporting for the quarter ending September 30, 2016. The building company's consensus earnings per share forecast from the 16 analysts that follow the stock is $2.26. This value represents a 24.18% increase compared to the same quarter last year. LII missed the consensus earnings per share in the 4th calendar quarter of 2015 by -9.76%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for LII is 23.43 vs. an industry ratio of 13.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Ameris Bancorp ( ABCB ) is reporting for the quarter ending September 30, 2016. The banks (southeast) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.59. This value represents a 22.92% increase compared to the same quarter last year. ABCB missed the consensus earnings per share in the 4th calendar quarter of 2015 by -9.62%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABCB is 15.72 vs. an industry ratio of 16.30.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris Bancorp ( ABCB ) is reporting for the quarter ending September 30, 2016. ABCB missed the consensus earnings per share in the 4th calendar quarter of 2015 by -9.62%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABCB is 15.72 vs. an industry ratio of 16.30. | Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABCB is 15.72 vs. an industry ratio of 16.30. Ameris Bancorp ( ABCB ) is reporting for the quarter ending September 30, 2016. ABCB missed the consensus earnings per share in the 4th calendar quarter of 2015 by -9.62%. | ABCB missed the consensus earnings per share in the 4th calendar quarter of 2015 by -9.62%. Ameris Bancorp ( ABCB ) is reporting for the quarter ending September 30, 2016. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABCB is 15.72 vs. an industry ratio of 16.30. | ABCB missed the consensus earnings per share in the 4th calendar quarter of 2015 by -9.62%. Ameris Bancorp ( ABCB ) is reporting for the quarter ending September 30, 2016. Zacks Investment Research reports that the 2016 Price to Earnings ratio for ABCB is 15.72 vs. an industry ratio of 16.30. |
27947.0 | 2016-09-26 00:00:00 UTC | Ex-Dividend Reminder: National Health Investors, Spirit Realty Capital and Ameris Bancorp | ABCB | https://www.nasdaq.com/articles/ex-dividend-reminder-national-health-investors-spirit-realty-capital-and-ameris-bancorp-0 | nan | nan | Looking at the universe of stocks we cover at Dividend Channel , on 9/28/16, National Health Investors, Inc. (Symbol: NHI), Spirit Realty Capital, Inc (Symbol: SRC), and Ameris Bancorp (Symbol: ABCB) will all trade ex-dividend for their respective upcoming dividends. National Health Investors, Inc. will pay its quarterly dividend of $0.90 on 11/10/16, Spirit Realty Capital, Inc will pay its quarterly dividend of $0.175 on 10/14/16, and Ameris Bancorp will pay its quarterly dividend of $0.10 on 10/11/16. As a percentage of NHI's recent stock price of $81.10, this dividend works out to approximately 1.11%, so look for shares of National Health Investors, Inc. to trade 1.11% lower - all else being equal - when NHI shares open for trading on 9/28/16. Similarly, investors should look for SRC to open 1.28% lower in price and for ABCB to open 0.28% lower, all else being equal.
Below are dividend history charts for NHI, SRC, and ABCB, showing historical dividends prior to the most recent ones declared.
National Health Investors, Inc. (Symbol: NHI) :
Spirit Realty Capital, Inc (Symbol: SRC) :
Ameris Bancorp (Symbol: ABCB) :
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 4.44% for National Health Investors, Inc., 5.14% for Spirit Realty Capital, Inc , and 1.14% for Ameris Bancorp.
In Monday trading, National Health Investors, Inc. shares are currently up about 0.4%, Spirit Realty Capital, Inc shares are trading flat, and Ameris Bancorp shares are down about 1.3% on the day.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Looking at the universe of stocks we cover at Dividend Channel , on 9/28/16, National Health Investors, Inc. (Symbol: NHI), Spirit Realty Capital, Inc (Symbol: SRC), and Ameris Bancorp (Symbol: ABCB) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for SRC to open 1.28% lower in price and for ABCB to open 0.28% lower, all else being equal. Below are dividend history charts for NHI, SRC, and ABCB, showing historical dividends prior to the most recent ones declared. | Looking at the universe of stocks we cover at Dividend Channel , on 9/28/16, National Health Investors, Inc. (Symbol: NHI), Spirit Realty Capital, Inc (Symbol: SRC), and Ameris Bancorp (Symbol: ABCB) will all trade ex-dividend for their respective upcoming dividends. National Health Investors, Inc. (Symbol: NHI) : Spirit Realty Capital, Inc (Symbol: SRC) : Ameris Bancorp (Symbol: ABCB) : In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for SRC to open 1.28% lower in price and for ABCB to open 0.28% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel , on 9/28/16, National Health Investors, Inc. (Symbol: NHI), Spirit Realty Capital, Inc (Symbol: SRC), and Ameris Bancorp (Symbol: ABCB) will all trade ex-dividend for their respective upcoming dividends. National Health Investors, Inc. (Symbol: NHI) : Spirit Realty Capital, Inc (Symbol: SRC) : Ameris Bancorp (Symbol: ABCB) : In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for SRC to open 1.28% lower in price and for ABCB to open 0.28% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel , on 9/28/16, National Health Investors, Inc. (Symbol: NHI), Spirit Realty Capital, Inc (Symbol: SRC), and Ameris Bancorp (Symbol: ABCB) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for SRC to open 1.28% lower in price and for ABCB to open 0.28% lower, all else being equal. Below are dividend history charts for NHI, SRC, and ABCB, showing historical dividends prior to the most recent ones declared. |
27948.0 | 2016-09-19 00:00:00 UTC | Interesting ABCB Put Options For November 18th | ABCB | https://www.nasdaq.com/articles/interesting-abcb-put-options-november-18th-2016-09-19 | nan | nan | Investors in Ameris Bancorp (Symbol: ABCB) saw new options become available today, for the November 18th expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the ABCB options chain for the new November 18th contracts and identified the following put contract of particular interest.
The put contract at the $35.00 strike price has a current bid of 55 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $35.00, but will also collect the premium, putting the cost basis of the shares at $34.45 (before broker commissions). To an investor already interested in purchasing shares of ABCB, that could represent an attractive alternative to paying $35.49/share today.
Because the $35.00 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 57%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract . Should the contract expire worthless, the premium would represent a 1.57% return on the cash commitment, or 9.55% annualized - at Stock Options Channel we call this the YieldBoost .
Below is a chart showing the trailing twelve month trading history for Ameris Bancorp, and highlighting in green where the $35.00 strike is located relative to that history:
The implied volatility in the put contract example above is 29%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $35.49) to be 25%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Puts of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors in Ameris Bancorp (Symbol: ABCB) saw new options become available today, for the November 18th expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the ABCB options chain for the new November 18th contracts and identified the following put contract of particular interest. To an investor already interested in purchasing shares of ABCB, that could represent an attractive alternative to paying $35.49/share today. | Investors in Ameris Bancorp (Symbol: ABCB) saw new options become available today, for the November 18th expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the ABCB options chain for the new November 18th contracts and identified the following put contract of particular interest. To an investor already interested in purchasing shares of ABCB, that could represent an attractive alternative to paying $35.49/share today. | At Stock Options Channel , our YieldBoost formula has looked up and down the ABCB options chain for the new November 18th contracts and identified the following put contract of particular interest. Investors in Ameris Bancorp (Symbol: ABCB) saw new options become available today, for the November 18th expiration. To an investor already interested in purchasing shares of ABCB, that could represent an attractive alternative to paying $35.49/share today. | At Stock Options Channel , our YieldBoost formula has looked up and down the ABCB options chain for the new November 18th contracts and identified the following put contract of particular interest. Investors in Ameris Bancorp (Symbol: ABCB) saw new options become available today, for the November 18th expiration. To an investor already interested in purchasing shares of ABCB, that could represent an attractive alternative to paying $35.49/share today. |
27949.0 | 2016-09-16 00:00:00 UTC | These 3 Stocks Just Raised Their Dividends | ABCB | https://www.nasdaq.com/articles/these-3-stocks-just-raised-their-dividends-2016-09-16 | nan | nan | Last week was one of those bare periods between earnings seasons when there are almost no dividend raises. The landscape wasn't entirely desolate, however, as three somewhat unheralded companies chose that time to declare a boost in their payouts.
We're still some time away from the year's third earnings season, so we shouldn't be surprised if next week, and the following, are similarly thin. In the meantime, let's take a look at our three recent raisers.
Brady Corporation
The first member of our trio, Brady (NYSE: BRC) , is its only Dividend Aristocrat -- one of the market's few stocks that has raised its payout at least once annually for a minimum of 25 years running. It's maintaining that status with a 1% bump in the existing quarterly distribution, to nearly $0.21 per share.
BRC Dividend data by YCharts .
That's modest, considering that the company, which concentrates on the provision of workplace safety goods, is coming off a good quarter and fiscal year. For the former, it flipped to a profit, to the tune of $25 million. This was on net sales that declined, although not worryingly so, to $282 million.
For the full year, the dynamic was much the same on the top line, which landed at just over $1.1 billion. Profitability, however, skyrocketed to over $80 million from the 2015 tally of nearly $3 million.
Thanks to that, Brady's operating cash flow saw a nice jump over the previous year, as did its free cash flow, which was nearly twice what the company spent on dividends and share repurchases. Meanwhile, it's expecting full-year profitability that should meet or exceed fiscal 2016's level, so I think it'll be able to keep growing its distribution in the coming years.
Brady's improved dividend is to be handed out on Oct. 31 to stockholders of record as of Oct. 11. At the current share price, it would yield 2.4%, slightly bettering the 2.1% average of dividend-paying stocks on the S&P 500.
Ramco-Gershenson Properties Trust
A dividend raise is in the cards for Ramco-Gershenson Properties Trust (NYSE: RPT) , a REIT that owns and manages shopping malls. The company is lifting its quarterly distribution by 5%, to $0.22 per share.
Its recent fundamentals provide the justification for such a move. In its second quarter, bolstered by an encouraging 10% year-over-year increase in rental income, the REIT notched healthy gains in both revenue and funds from operations, or FFO (arguably the most important profitability metric for REITs).
RPT Funds from Operations (TTM) data by YCharts .
What helps is a slimmed-down and apparently higher-margin portfolio. This is coming closer to the company's stated goal of "owning a portfolio of high-quality, high-growth shopping centers that are the dominant retail destinations in the communities they serve."
Ramco-Gershenson's dividend has steadily been on the rise since the beginning of this decade. Its most recent payout ratio, on the basis of the operating FFO metric it favors, was a conservative 60%.
Although the company is anticipating a small drop in FFO for this fiscal year, it's adjusting to a business model that ultimately promises to be more efficient and, hopefully, profitable. So given that there's plenty of room for this hike, and improved FFO might be around the corner, I'd bet on the REIT continuing to raise the payout into at least the proximate future.
Ramco-Gershenson's upcoming payout will be dispensed on Oct. 1 to investors of record as of Sept. 20. It would yield a theoretical 4.9% on the most recent closing stock price.
Ameris Bancorp
Georgia-based regional banking concern Ameris Bancorp (NASDAQ: ABCB) is the clear victor among our trio in terms of raise percentage. It has boosted its quarterly payout a full 100%, doubling it from $0.05 per share to $0.10.
That's the company's highest dividend boost since last decade's financial crisis. Actually, it's the only boost across that stretch of time.
The bank pulled the trigger because it has notched several notable improvements lately. In its most recently reported quarter, both total assets and net interest income saw a 34% year-over-year increase.
Granted, that was at least partially due to a set of small acquisitions Ameris Bancorp has completed since the beginning of last year.
But it's not only the extra financial muscle -- the company seems to be consolidating the new assets pretty well. Its overall efficiency ratio is down nicely, to 63% in said quarter from 74% and 75% in the two preceding quarters. The company also posted its best return-on-assets figure in quite some time.
ABCB Return on Assets (TTM) data by YCharts .
This bank is doing fine these days, and the good times should continue to roll, at least through this economic cycle. If the Federal Reserve ever gets around to raising rates, Ameris Bancorp will benefit along with the rest of its peers.
This company isn't an eager dividend booster. Yet I'd imagine the good momentum in fundamentals will encourage it to at least maintain its current payout going forward.
Said payout is next to be dispensed on Oct. 11 to shareholders of record as of Sept. 30. At the current share price, it would yield 1.1%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris Bancorp Georgia-based regional banking concern Ameris Bancorp (NASDAQ: ABCB) is the clear victor among our trio in terms of raise percentage. ABCB Return on Assets (TTM) data by YCharts . This is coming closer to the company's stated goal of "owning a portfolio of high-quality, high-growth shopping centers that are the dominant retail destinations in the communities they serve." | Ameris Bancorp Georgia-based regional banking concern Ameris Bancorp (NASDAQ: ABCB) is the clear victor among our trio in terms of raise percentage. ABCB Return on Assets (TTM) data by YCharts . Ramco-Gershenson Properties Trust A dividend raise is in the cards for Ramco-Gershenson Properties Trust (NYSE: RPT) , a REIT that owns and manages shopping malls. | Ameris Bancorp Georgia-based regional banking concern Ameris Bancorp (NASDAQ: ABCB) is the clear victor among our trio in terms of raise percentage. ABCB Return on Assets (TTM) data by YCharts . Brady Corporation The first member of our trio, Brady (NYSE: BRC) , is its only Dividend Aristocrat -- one of the market's few stocks that has raised its payout at least once annually for a minimum of 25 years running. | Ameris Bancorp Georgia-based regional banking concern Ameris Bancorp (NASDAQ: ABCB) is the clear victor among our trio in terms of raise percentage. ABCB Return on Assets (TTM) data by YCharts . Brady's improved dividend is to be handed out on Oct. 31 to stockholders of record as of Oct. 11. |
27950.0 | 2016-09-09 00:00:00 UTC | Daily Dividend Report: AWH, TY, ABCB, ABBV, CL | ABCB | https://www.nasdaq.com/articles/daily-dividend-report-awh-ty-abcb-abbv-cl-2016-09-09 | nan | nan | Allied World Assurance Company Holdings today announced that it has approved a quarterly dividend equal to $0.26 per share payable on September 29, 2016 to shareholders of record on September 20, 2016. The company's transfer agent will make dividend payments in United States dollars.
Tri-Continental today declared a third quarter distribution of $0.2336 per share of Common Stock and $0.6250 per share of Preferred Stock. Dividends on Common Stock will be paid on September 27, 2016 to Common Stockholders of record on September 19, 2016 and dividends on Preferred Stock will be paid on October 3, 2016 to Preferred Stockholders of record on September 19, 2016. The ex-dividend date for both the Common Stock and the Preferred Stock is September 15, 2016. The $0.2336 per share dividend on the Common Stock is in accordance with the Corporation's earned distribution policy. TY has paid dividends on its common stock for 72 consecutive years.
Ameris Bancorp today announced that its Board of Directors approved a quarterly cash dividend of $0.10 per common share, payable October 11, 2016, to shareholders of record as of the close of business on September 30, 2016. This reflects a doubling of the prior dividend of $0.05 per common share paid in recent quarters.
The board of directors of AbbVie declared a quarterly cash dividend of $0.57 per share. The cash dividend is payable Nov. 15, 2016 to stockholders of record at the close of business on Oct. 14, 2016. Since the company's inception in 2013, AbbVie has increased its dividend by more than 42 percent. AbbVie is a member of the S&P Dividend Aristocrats Index, which tracks companies that have annually increased their dividend for at least 25 consecutive years.
The Board of Directors of Colgate-Palmolive today declared a quarterly cash dividend of $0.39 per common share, payable on November 15, 2016, to shareholders of record on October 24, 2016. The Company has paid uninterrupted dividends on its common stock since 1895.
VIDEO: Daily Dividend Report: AWH, TY, ABCB, ABBV, CL
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | VIDEO: Daily Dividend Report: AWH, TY, ABCB, ABBV, CL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The company's transfer agent will make dividend payments in United States dollars. Ameris Bancorp today announced that its Board of Directors approved a quarterly cash dividend of $0.10 per common share, payable October 11, 2016, to shareholders of record as of the close of business on September 30, 2016. | VIDEO: Daily Dividend Report: AWH, TY, ABCB, ABBV, CL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Dividends on Common Stock will be paid on September 27, 2016 to Common Stockholders of record on September 19, 2016 and dividends on Preferred Stock will be paid on October 3, 2016 to Preferred Stockholders of record on September 19, 2016. Ameris Bancorp today announced that its Board of Directors approved a quarterly cash dividend of $0.10 per common share, payable October 11, 2016, to shareholders of record as of the close of business on September 30, 2016. | VIDEO: Daily Dividend Report: AWH, TY, ABCB, ABBV, CL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Dividends on Common Stock will be paid on September 27, 2016 to Common Stockholders of record on September 19, 2016 and dividends on Preferred Stock will be paid on October 3, 2016 to Preferred Stockholders of record on September 19, 2016. Ameris Bancorp today announced that its Board of Directors approved a quarterly cash dividend of $0.10 per common share, payable October 11, 2016, to shareholders of record as of the close of business on September 30, 2016. | VIDEO: Daily Dividend Report: AWH, TY, ABCB, ABBV, CL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Tri-Continental today declared a third quarter distribution of $0.2336 per share of Common Stock and $0.6250 per share of Preferred Stock. Dividends on Common Stock will be paid on September 27, 2016 to Common Stockholders of record on September 19, 2016 and dividends on Preferred Stock will be paid on October 3, 2016 to Preferred Stockholders of record on September 19, 2016. |
27951.0 | 2016-09-09 00:00:00 UTC | Friday's ETF Movers: KRE, XME | ABCB | https://www.nasdaq.com/articles/fridays-etf-movers-kre-xme-2016-09-09 | nan | nan | In trading on Friday, the SPDR S&P Regional Banking ETF is outperforming other ETFs, up about 0.2% on the day. Components of that ETF showing particular strength include shares of Zions Bancorporation, up about 1.5% and shares of Ameris Bancorp, up about 1.2% on the day.
And underperforming other ETFs today is the SPDR S&P Metals and Mining ETF, down about 4.3% in Friday afternoon trading. Among components of that ETF with the weakest showing on Friday were shares of Cliffs Natural Resources, lower by about 7.8%, and shares of United States Steel, lower by about 7.7% on the day.
VIDEO: Friday's ETF Movers: KRE, XME
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Components of that ETF showing particular strength include shares of Zions Bancorporation, up about 1.5% and shares of Ameris Bancorp, up about 1.2% on the day. Among components of that ETF with the weakest showing on Friday were shares of Cliffs Natural Resources, lower by about 7.8%, and shares of United States Steel, lower by about 7.7% on the day. VIDEO: Friday's ETF Movers: KRE, XME The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Among components of that ETF with the weakest showing on Friday were shares of Cliffs Natural Resources, lower by about 7.8%, and shares of United States Steel, lower by about 7.7% on the day. VIDEO: Friday's ETF Movers: KRE, XME The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Friday, the SPDR S&P Regional Banking ETF is outperforming other ETFs, up about 0.2% on the day. Among components of that ETF with the weakest showing on Friday were shares of Cliffs Natural Resources, lower by about 7.8%, and shares of United States Steel, lower by about 7.7% on the day. VIDEO: Friday's ETF Movers: KRE, XME The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Friday, the SPDR S&P Regional Banking ETF is outperforming other ETFs, up about 0.2% on the day. Components of that ETF showing particular strength include shares of Zions Bancorporation, up about 1.5% and shares of Ameris Bancorp, up about 1.2% on the day. And underperforming other ETFs today is the SPDR S&P Metals and Mining ETF, down about 4.3% in Friday afternoon trading. |
27952.0 | 2016-08-23 00:00:00 UTC | Why You Shouldn't Bet Against Ameris Bancorp (ABCB) Stock | ABCB | https://www.nasdaq.com/articles/why-you-shouldnt-bet-against-ameris-bancorp-abcb-stock-2016-08-23 | nan | nan | One stock that might be an intriguing choice for investors right now is Ameris Bancorp ABCB . This is because this security in the Banks-Southeast space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Oil Banks-Southeast space as it currently has a Zacks Industry Rank of 61 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Ameris Bancorp is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm's prospects in both the short and long term.
AMERIS BANCORP Price and Consensus
AMERIS BANCORP Price and Consensus | AMERIS BANCORP Quote
In fact, over the past month, current quarter estimates have risen from 57 cents per share to 59 cents per share, while current year estimates have risen from $2.15 per share to $2.20 per share. The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal.
So, if you are looking for a decent pick in a strong industry, consider Ameris Bancorp. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
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AMERIS BANCORP (ABCB): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | One stock that might be an intriguing choice for investors right now is Ameris Bancorp ABCB . Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report To read this article on Zacks.com click here. This is because this security in the Banks-Southeast space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. | One stock that might be an intriguing choice for investors right now is Ameris Bancorp ABCB . Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report To read this article on Zacks.com click here. This is because this security in the Banks-Southeast space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. | One stock that might be an intriguing choice for investors right now is Ameris Bancorp ABCB . Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report To read this article on Zacks.com click here. This is arguably taking place in the Oil Banks-Southeast space as it currently has a Zacks Industry Rank of 61 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there. | One stock that might be an intriguing choice for investors right now is Ameris Bancorp ABCB . Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report To read this article on Zacks.com click here. This is because this security in the Banks-Southeast space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. |
27953.0 | 2016-07-21 00:00:00 UTC | Small Cap Banks Q2 Earnings Queued Up: ABCB, CNOB & More | ABCB | https://www.nasdaq.com/articles/small-cap-banks-q2-earnings-queued-up%3A-abcb-cnob-more-2016-07-21 | nan | nan | Market sentiments lifted as some of the major banking giants beat earnings expectations in second-quarter 2016, signaling a potentially better picture for the industry as a whole this season.
Several issues including industry wide weakness and global concerns plagued the first quarter of this year, but the second quarter depicted a better environment to some extent with positives including rebound in oil prices and continued recovery of the U.S. economy. However, banks continue to face revenue growth challenges amid the persistently low environment and heightened regulatory pressure.
Per our latest Earnings Preview article, overall earnings for the Finance sector in second-quarter 2016 are expected to be down 3.3% year over year. Also, revenues are expected to be down 0.5%. Notably, during the first quarter the sector reflected a 6.9% decline in earnings while revenues improved 3.3%.
As investors and market watchers are eager to see how companies will perform in comparison with the market expectations, our model offers some insights into it.
Per our quantitative model, in order to be confident about a positive surprise call, a stock needs to have the right combination of the two key criteria - a favorable Zacks Rank - Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) - and a positive Earnings ESP .
Earnings ESP is our proprietary methodology for identifying stocks that have high chances of surprising with their upcoming earnings announcement. It shows the percentage of difference between the Most Accurate Estimate and the Zacks Consensus Estimate. Our research shows that for stocks with this combination, the chance of a positive earnings surprise is as high as 70%.
With most of the companies set to release results, let's have a look at what's in store for the following firms, releasing results in the coming days:
Ameris BancorpABCB : The Zacks Consensus Estimate of 52 cents for the company remained unchanged over the last 30 days. Notably, the estimate reflects 36.84% year-over-year growth.
However, the company has a Zacks Rank #3 with an Earnings ESP of 0.00%, making it difficult to conclusively predict an earnings beat this quarter. Though Zacks Rank #3 increases the predictive power of an earnings beat, we also need a positive Earnings ESP to be sure of the same.
Regarding earnings surprise history, despite recording positive earnings surprise in two out of the four trailing quarters, the average earnings surprise was a negative 0.35%.
AMERIS BANCORP Price and EPS Surprise
AMERIS BANCORP Price and EPS Surprise | AMERIS BANCORP Quote
ConnectOne Bancorp, Inc.CNOB : The estimates remained stable ahead of the company's quarterly results. Notably, the Zacks Consensus Estimate of 31 cents for the company reflects a year-over-year decline of 7.84%.
Also, it is not likely to beat expectations as the company has a Zacks Rank #3 with an Earnings ESP of 0.00%.
Notably, the company reported positive earnings surprise in just one of the trailing four quarters with an average positive surprise of 4.40%.
CONNECTONE BCP Price and EPS Surprise
CONNECTONE BCP Price and EPS Surprise | CONNECTONE BCP Quote
Eastern Virginia Bankshares Inc.EVBS : The Zacks Consensus Estimate of 11 cents for the company reflects solid year-over-year growth of 57.14%. However, the company has a Zacks Rank #3 with an Earnings ESP of 0.00%, lowering the chances of an earnings beat. Notably, estimates remained unchanged over the last 30 days.
Eastern Virginia delivered positive earnings surprises in two of the trailing four quarters with an average positive surprise of 4.15%.
EASTERN VA BKSH Price and EPS Surprise
EASTERN VA BKSH Price and EPS Surprise | EASTERN VA BKSH Quote
Bank of Commerce HoldingsBOCH : The estimates prior to the company's quarterly results remained stable. The Zacks Consensus Estimate of 19 cents for the company reflects year-over-year growth of 5.56%.
However, the company holds a Zacks Rank #3 with an Earnings ESP of 0.00%, making it difficult to conclusively predict an earnings beat this quarter.
Bank of Commerce delivered positive earnings surprises in two of the trailing four quarters with an average positive surprise of 8.95%.
BANK OF COMMRC Price and EPS Surprise
BANK OF COMMRC Price and EPS Surprise | BANK OF COMMRC Quote
First Bancshares Inc.FBMS : The Zacks Consensus Estimate of 42 cents for the company has remained unchanged over the last 30 days. The estimate reflects year-over-year growth of 7.69%.
The company holds a Zacks Rank #3, with an Earnings ESP of 0.00%. Hence, the probability of an earnings beat by the company is quite low.
Notably, First Bancshares delivered positive earnings surprises in all the trailing four quarters with an average positive surprise of 10.74%.
FIRST BCSH/MS Price and EPS Surprise
FIRST BCSH/MS Price and EPS Surprise | FIRST BCSH/MS Quote
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CONNECTONE BCP (CNOB): Free Stock Analysis Report
EASTERN VA BKSH (EVBS): Free Stock Analysis Report
FIRST BCSH/MS (FBMS): Free Stock Analysis Report
AMERIS BANCORP (ABCB): Free Stock Analysis Report
BANK OF COMMRC (BOCH): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | With most of the companies set to release results, let's have a look at what's in store for the following firms, releasing results in the coming days: Ameris BancorpABCB : The Zacks Consensus Estimate of 52 cents for the company remained unchanged over the last 30 days. Click to get this free report CONNECTONE BCP (CNOB): Free Stock Analysis Report EASTERN VA BKSH (EVBS): Free Stock Analysis Report FIRST BCSH/MS (FBMS): Free Stock Analysis Report AMERIS BANCORP (ABCB): Free Stock Analysis Report BANK OF COMMRC (BOCH): Free Stock Analysis Report To read this article on Zacks.com click here. Market sentiments lifted as some of the major banking giants beat earnings expectations in second-quarter 2016, signaling a potentially better picture for the industry as a whole this season. | Click to get this free report CONNECTONE BCP (CNOB): Free Stock Analysis Report EASTERN VA BKSH (EVBS): Free Stock Analysis Report FIRST BCSH/MS (FBMS): Free Stock Analysis Report AMERIS BANCORP (ABCB): Free Stock Analysis Report BANK OF COMMRC (BOCH): Free Stock Analysis Report To read this article on Zacks.com click here. With most of the companies set to release results, let's have a look at what's in store for the following firms, releasing results in the coming days: Ameris BancorpABCB : The Zacks Consensus Estimate of 52 cents for the company remained unchanged over the last 30 days. CONNECTONE BCP Price and EPS Surprise CONNECTONE BCP Price and EPS Surprise | CONNECTONE BCP Quote Eastern Virginia Bankshares Inc.EVBS : The Zacks Consensus Estimate of 11 cents for the company reflects solid year-over-year growth of 57.14%. | With most of the companies set to release results, let's have a look at what's in store for the following firms, releasing results in the coming days: Ameris BancorpABCB : The Zacks Consensus Estimate of 52 cents for the company remained unchanged over the last 30 days. Click to get this free report CONNECTONE BCP (CNOB): Free Stock Analysis Report EASTERN VA BKSH (EVBS): Free Stock Analysis Report FIRST BCSH/MS (FBMS): Free Stock Analysis Report AMERIS BANCORP (ABCB): Free Stock Analysis Report BANK OF COMMRC (BOCH): Free Stock Analysis Report To read this article on Zacks.com click here. Regarding earnings surprise history, despite recording positive earnings surprise in two out of the four trailing quarters, the average earnings surprise was a negative 0.35%. | With most of the companies set to release results, let's have a look at what's in store for the following firms, releasing results in the coming days: Ameris BancorpABCB : The Zacks Consensus Estimate of 52 cents for the company remained unchanged over the last 30 days. Click to get this free report CONNECTONE BCP (CNOB): Free Stock Analysis Report EASTERN VA BKSH (EVBS): Free Stock Analysis Report FIRST BCSH/MS (FBMS): Free Stock Analysis Report AMERIS BANCORP (ABCB): Free Stock Analysis Report BANK OF COMMRC (BOCH): Free Stock Analysis Report To read this article on Zacks.com click here. Our research shows that for stocks with this combination, the chance of a positive earnings surprise is as high as 70%. |
27954.0 | 2016-03-28 00:00:00 UTC | Ameris Bancorp (ABCB) Ex-Dividend Date Scheduled for March 29, 2016 | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-abcb-ex-dividend-date-scheduled-march-29-2016-2016-03-28 | nan | nan | Ameris Bancorp ( ABCB ) will begin trading ex-dividend on March 29, 2016. A cash dividend payment of $0.05 per share is scheduled to be paid on April 11, 2016. Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 12th quarter that ABCB has paid the same dividend.
The previous trading day's last sale of ABCB was $28.79, representing a -18.23% decrease from the 52 week high of $35.21 and a 19.91% increase over the 52 week low of $24.01.
ABCB is a part of the Finance sector, which includes companies such as Wells Fargo & Company ( WFC ) and J P Morgan Chase & Co ( JPM ). ABCB's current earnings per share, an indicator of a company's profitability, is $1.23. Zacks Investment Research reports ABCB's forecasted earnings growth in 2016 as 30.12%, compared to an industry average of 11.1%.
For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports ABCB's forecasted earnings growth in 2016 as 30.12%, compared to an industry average of 11.1%. For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ameris Bancorp ( ABCB ) will begin trading ex-dividend on March 29, 2016. | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. ABCB is a part of the Finance sector, which includes companies such as Wells Fargo & Company ( WFC ) and J P Morgan Chase & Co ( JPM ). For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. ABCB's current earnings per share, an indicator of a company's profitability, is $1.23. Ameris Bancorp ( ABCB ) will begin trading ex-dividend on March 29, 2016. |
27955.0 | 2016-01-21 00:00:00 UTC | Pre-Market Earnings Report for January 22, 2016 : GE, SYF, STI, CFG, COL, KSU, LM, SSB, BID, ABCB | ABCB | https://www.nasdaq.com/articles/pre-market-earnings-report-january-22-2016-ge-syf-sti-cfg-col-ksu-lm-ssb-bid-abcb-2016-01 | nan | nan | The following companies are expected to report earnings prior to market open on 01/22/2016. Visit our Earnings Calendar for a full list of expected earnings releases.
General Electric Company ( GE ) is reporting for the quarter ending December 31, 2015. The diversified operations company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.50. This value represents a 10.71% decrease compared to the same quarter last year. In the past year GE has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2015 Price to Earnings ratio for GE is 21.71 vs. an industry ratio of 11.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Synchrony Financial ( SYF ) is reporting for the quarter ending December 31, 2015. The financial services company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.63. This value represents a 1.56% decrease compared to the same quarter last year. In the past year SYF has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 4.55%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for SYF is 10.54 vs. an industry ratio of -1.40, implying that they will have a higher earnings growth than their competitors in the same industry.
SunTrust Banks, Inc. ( STI ) is reporting for the quarter ending December 31, 2015. The bank company's consensus earnings per share forecast from the 14 analysts that follow the stock is $0.87. This value represents a 1.14% decrease compared to the same quarter last year. In the past year STI has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 20.48%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for STI is 10.35 vs. an industry ratio of 11.30.
Citizens Financial Group, Inc. ( CFG ) is reporting for the quarter ending December 31, 2015. The savings & loan company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.42. This value represents a 7.69% increase compared to the same quarter last year. In the past year CFG has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 2.56%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for CFG is 13.94 vs. an industry ratio of 19.20.
Rockwell Collins, Inc. ( COL ) is reporting for the quarter ending December 31, 2015. The aerospace and defense company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.96. This value represents a 12.73% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 10 days. Zacks Investment Research reports that the 2016 Price to Earnings ratio for COL is 15.88 vs. an industry ratio of 6.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Kansas City Southern ( KSU ) is reporting for the quarter ending December 31, 2015. The transportation (rail) company's consensus earnings per share forecast from the 9 analysts that follow the stock is $1.10. This value represents a 13.39% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for KSU is 14.73 vs. an industry ratio of 13.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Legg Mason, Inc. ( LM ) is reporting for the quarter ending December 31, 2015. The finance/investment management company's consensus earnings per share forecast from the 3 analysts that follow the stock is $1.01. This value represents a 3.06% increase compared to the same quarter last year. LM missed the consensus earnings per share in the 3rd calendar quarter of 2015 by -8.25%. Zacks Investment Research reports that the 2016 Price to Earnings ratio for LM is 7.70 vs. an industry ratio of 10.00.
South State Corporation ( SSB ) is reporting for the quarter ending December 31, 2015. The banks (southeast) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.10. This value represents a 8.91% increase compared to the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for SSB is 15.06 vs. an industry ratio of 16.40.
Sotheby's ( BID ) is reporting for the quarter ending December 31, 2015. The auction company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.83. This value represents a 25.89% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 10 days. Zacks Investment Research reports that the 2015 Price to Earnings ratio for BID is 12.86 vs. an industry ratio of 22.10.
Ameris Bancorp ( ABCB ) is reporting for the quarter ending December 31, 2015. The banks (southeast) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.52. This value represents a 33.33% increase compared to the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for ABCB is 17.12 vs. an industry ratio of 16.40, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris Bancorp ( ABCB ) is reporting for the quarter ending December 31, 2015. Zacks Investment Research reports that the 2015 Price to Earnings ratio for ABCB is 17.12 vs. an industry ratio of 16.40, implying that they will have a higher earnings growth than their competitors in the same industry. The aerospace and defense company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.96. | Ameris Bancorp ( ABCB ) is reporting for the quarter ending December 31, 2015. Zacks Investment Research reports that the 2015 Price to Earnings ratio for ABCB is 17.12 vs. an industry ratio of 16.40, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2015 Price to Earnings ratio for GE is 21.71 vs. an industry ratio of 11.60, implying that they will have a higher earnings growth than their competitors in the same industry. | Ameris Bancorp ( ABCB ) is reporting for the quarter ending December 31, 2015. Zacks Investment Research reports that the 2015 Price to Earnings ratio for ABCB is 17.12 vs. an industry ratio of 16.40, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2015 Price to Earnings ratio for GE is 21.71 vs. an industry ratio of 11.60, implying that they will have a higher earnings growth than their competitors in the same industry. | Ameris Bancorp ( ABCB ) is reporting for the quarter ending December 31, 2015. Zacks Investment Research reports that the 2015 Price to Earnings ratio for ABCB is 17.12 vs. an industry ratio of 16.40, implying that they will have a higher earnings growth than their competitors in the same industry. In the past year SYF has beat the expectations every quarter. |
27956.0 | 2015-12-28 00:00:00 UTC | Ameris Bancorp (ABCB) Ex-Dividend Date Scheduled for December 29, 2015 | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-abcb-ex-dividend-date-scheduled-december-29-2015-2015-12-28 | nan | nan | Ameris Bancorp ( ABCB ) will begin trading ex-dividend on December 29, 2015. A cash dividend payment of $0.05 per share is scheduled to be paid on January 11, 2016. Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 11th quarter that ABCB has paid the same dividend. At the current stock price of $34.16, the dividend yield is .59%.
The previous trading day's last sale of ABCB was $34.16, representing a -2.98% decrease from the 52 week high of $35.21 and a 50.42% increase over the 52 week low of $22.71.
ABCB is a part of the Finance sector, which includes companies such as Wells Fargo & Company ( WFC ) and J P Morgan Chase & Co ( JPM ). ABCB's current earnings per share, an indicator of a company's profitability, is $1.23. Zacks Investment Research reports ABCB's forecasted earnings growth in 2015 as 16.33%, compared to an industry average of 12.8%.
For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ABCB through an Exchange Traded Fund [ETF]?
The following ETF(s) have ABCB as a top-10 holding:
iShares Microcap ETF ( IWC )
PowerShares Zacks Micro Cap ( PZI ).
The top-performing ETF of this group is PZI with an decrease of -0.96% over the last 100 days. IWC has the highest percent weighting of ABCB at 0.31%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports ABCB's forecasted earnings growth in 2015 as 16.33%, compared to an industry average of 12.8%. For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. | ABCB's current earnings per share, an indicator of a company's profitability, is $1.23. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ameris Bancorp ( ABCB ) will begin trading ex-dividend on December 29, 2015. | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. The following ETF(s) have ABCB as a top-10 holding: iShares Microcap ETF ( IWC ) PowerShares Zacks Micro Cap ( PZI ). | ABCB's current earnings per share, an indicator of a company's profitability, is $1.23. The following ETF(s) have ABCB as a top-10 holding: iShares Microcap ETF ( IWC ) PowerShares Zacks Micro Cap ( PZI ). Ameris Bancorp ( ABCB ) will begin trading ex-dividend on December 29, 2015. |
27957.0 | 2015-12-16 00:00:00 UTC | NWQ Managers Makes 10 New Buys in 3rd Quarter | ABCB | https://www.nasdaq.com/articles/nwq-managers-makes-10-new-buys-3rd-quarter-2015-12-16 | nan | nan | NWQ Managers ( Trades , Portfolio ), a value-oriented money management firm, bought 10 new stakes in the third quarter, one more than it bought in the second quarter - although NWQ has acquired and sold one of the companies several times in recent years.
NWQ Managers (Trades, Portfolio)' largest new buy was its investment in a 2,304,728-share stake in Taylor Morrison Home Corp. ( TMHC ), a Scottsdale, Arizona-based home building company, for an average price of $19.76 per share. The transaction had a 0.66% impact on NWQ Managers (Trades, Portfolio)' portfolio.
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Warning! GuruFocus has detected 3 Warning Signs with APA. Click here to check it out.
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Taylor Morrison has a market cap of $1.98 billion and an enterprise value of $4.92 billion. It has a P/E of 10.5, a forward P/E of 6.9, a P/B of 3.8 and a P/S of 0.7. GuruFocus has given Taylor Morrison a Financial Strength rating of 4/10 and a Profitability and Growth rating of 4/10.
With the acquisition, NWQ Managers (Trades, Portfolio) became Taylor Morrison's leading shareholder among the gurus. Alan Fournier (Trades, Portfolio), John Keeley (Trades, Portfolio), Ken Heebner (Trades, Portfolio), Arnold Schneider (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) also have shares of Taylor Morrison in their portfolios.
On Wednesday Taylor Morrison sold for $16.13 per share.
NWQ Managers (Trades, Portfolio) also acquired a 299,585-share stake in Cigna Corp. ( CI ), a Bloomfield, Connecticut-based managed health care company, for an average price of $145.17 per share. The deal had a 0.62% impact on NWQ Managers (Trades, Portfolio)' portfolio.
Cigna has a market cap of $36.37 billion and an enterprise value of $39.11 billion. It has a P/E of 17.3, a forward P/E of 15.0, a P/B of 3.1 and a P/S of 1.0. GuruFocus has given Cigna a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.
Dodge & Cox, Vanguard Health Care Fund (Trades, Portfolio), Larry Robbins (Trades, Portfolio), James Barrow (Trades, Portfolio), Richard Pzena (Trades, Portfolio), Eric Mindich (Trades, Portfolio), Jeremy Grantham (Trades, Portfolio), Leon Cooperman (Trades, Portfolio), Jim Simons (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), Louis Moore Bacon (Trades, Portfolio), John Burbank (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), Signature Select Canadian Fund (Trades, Portfolio), Mario Gabelli (Trades, Portfolio), John Keeley (Trades, Portfolio), Lee Ainslie (Trades, Portfolio), Mairs and Power (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio) and David Dreman (Trades, Portfolio) have shares of Cigna in their portfolios.
Cigna sold for $141.19 per share Wednesday.
NWQ Managers (Trades, Portfolio) bought an 838,108-share stake in Haverty Furniture Companies Inc. ( HVT ), an Atlanta-based retail furniture company, for an average price of $22.97 per share. The acquisition had a 0.3% impact on NWQ Managers (Trades, Portfolio)' portfolio.
Haverty has a market cap of $495.78 million and an enterprise value of $466.68 million. It has a P/E of 65.7, a forward P/E of 14.6, a P/B of 1.7 and a P/S of 0.6. GuruFocus has given Haverty a Financial Strength rating of 5/10 and a Profitability and Growth rating of 5/10.
Chuck Royce (Trades, Portfolio), Jim Simons (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio) and John Keeley (Trades, Portfolio) have Haverty shares in their portfolios.
On Wednesday Haverty sold for $22.37 per share.
NWQ Managers (Trades, Portfolio) obtained a 901,215-share stake in Heritage Financial Corp. ( HFWA ), an Olympia, Washington-based bank holding company, for an average price of $18.07 per share. The acquisition had a 0.26% impact on NWQ Managers (Trades, Portfolio)' portfolio.
Heritage Financial has a market cap of $560.09 million and an enterprise value of $431.71 million. It has a P/E of 15.9, a forward P/E of 15.0, a P/B of 1.2 and a P/S of 3.4. GuruFocus has given Heritage Financial a Financial Strength rating of 6/10 and a Profitability and Growth rating of 6/10.
Jim Simons (Trades, Portfolio) also has shares of Heritage Financial in his portfolio.
Heritage Financial sold for $18.69 per share Wednesday.
NWQ Managers (Trades, Portfolio) purchased a 440,503-share stake in Ameris Bancorp ( ABCB ), the parent company of Ameris Bank, a Moultrie, Georgia-based financial services company, for an average price of $27.14 per share. The transaction had a 0.2% impact on NWQ Managers (Trades, Portfolio)' portfolio.
Ameris Bancorp has a market cap of $1.11 billion and an enterprise value of $1.1 billion. It has a P/E of 27.8, a forward P/E of 14.2, a P/B of 2.2 and a P/S of 4.2. GuruFocus has given Ameris Bancorp a Financial Strength rating of 4/10 and a Profitability and Growth rating of 5/10.
Jim Simons (Trades, Portfolio), Bernard Horn (Trades, Portfolio) and Ken Fisher (Trades, Portfolio) have shares of Ameris Bancorp in their portfolios.
On Wednesday Ameris Bancorp sold for $34.39 per share.
NWQ Managers (Trades, Portfolio) bought a 39,149-share stake in iShares Russell 1000 Value Index (ETF) [IWD] for an average price of $99.25 per share. The deal had a 0.06% impact on NWQ Managers (Trades, Portfolio)' portfolio.
NWQ Managers (Trades, Portfolio) has been buying and selling stakes in Value Index for years, and the latest purchase made NWQ Managers (Trades, Portfolio) the Value Index's leading shareholder among the gurus. Diamond Hill Capital (Trades, Portfolio), Richard Snow (Trades, Portfolio) and Arnold Schneider (Trades, Portfolio) have shares in the Value Index in their portfolios.
The Value Index sold for $99.63 per share Wednesday.
NWQ Managers (Trades, Portfolio) invested in a 137,400-share stake in Colony Capital Inc. (NYSE:CLNYPRC), a Los Angeles-based private equity real estate fund, for an average price of $23.5 per share. The acquisition had a 0.05% impact on NWQ Managers (Trades, Portfolio)' portfolio.
Colony Capital has a P/E of 21.1, a forward P/E of 12.0, a P/B of 0.8 and a P/S of 3.6. GuruFocus has given Colony Capital a Financial Strength rating of 7/10 and a Profitability and Growth rating of 6/10.
NWQ Managers (Trades, Portfolio) invested in a 283,765-share stake in CVR Partners LP (UAN), a Sugar Land, Texas-based nitrogen fertilizer products company, for an average price of $11.47 per share. The transaction had a 0.04% impact on NWQ Managers (Trades, Portfolio)' portfolio.
CVR Partners has a market cap of $554.28 million and an enterprise value of $645.99 million. It has a P/E of 8.1, a P/B of 1.5 and a P/S of 1.9. GuruFocus has given CVR Partners a Financial Strength rating of 8/10 and a Profitability and Growth rating of 7/10.
Jim Simons (Trades, Portfolio) also has shares of CVR Partners in his portfolio.
On Wednesday CVR Partners sold for $7.58 per share.
NWQ Managers (Trades, Portfolio) also bought a 29,550-share stake in Cedar Fair LP (FUN), a Sandusky, Ohio-based entertainment company that operates amusement parks, water parks and hotels, for an average price of $54.3 per share. The deal had a 0.02% impact on NWQ Managers (Trades, Portfolio)' portfolio.
Cedar Fair has a market cap of $3.08 billion and an enterprise value of $4.44 billion. It has a P/E of 26.0, a forward P/E of 15.0, a P/B of 24.6 and a P/S of 2.5. GuruFocus has given Cedar Fair a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.
Pioneer Investments (Trades, Portfolio) and Jim Simons (Trades, Portfolio) have shares of Cedar Fair in their portfolios.
Cedar Fair sold for $54.94 per share Wednesday.
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This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | NWQ Managers (Trades, Portfolio) purchased a 440,503-share stake in Ameris Bancorp ( ABCB ), the parent company of Ameris Bank, a Moultrie, Georgia-based financial services company, for an average price of $27.14 per share. NWQ Managers (Trades, Portfolio) obtained a 901,215-share stake in Heritage Financial Corp. ( HFWA ), an Olympia, Washington-based bank holding company, for an average price of $18.07 per share. NWQ Managers (Trades, Portfolio) invested in a 137,400-share stake in Colony Capital Inc. (NYSE:CLNYPRC), a Los Angeles-based private equity real estate fund, for an average price of $23.5 per share. | NWQ Managers (Trades, Portfolio) purchased a 440,503-share stake in Ameris Bancorp ( ABCB ), the parent company of Ameris Bank, a Moultrie, Georgia-based financial services company, for an average price of $27.14 per share. AMP 15-Year Financial Data The intrinsic value of AMP Peter Lynch Chart of AMP Seth Klarman Stock Picks Seth Klarman Current Portfolio This Powerful Chart Made Peter Lynch 29% A Year For 13 Years Warning! Alan Fournier (Trades, Portfolio), John Keeley (Trades, Portfolio), Ken Heebner (Trades, Portfolio), Arnold Schneider (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) also have shares of Taylor Morrison in their portfolios. | NWQ Managers (Trades, Portfolio) purchased a 440,503-share stake in Ameris Bancorp ( ABCB ), the parent company of Ameris Bank, a Moultrie, Georgia-based financial services company, for an average price of $27.14 per share. Alan Fournier (Trades, Portfolio), John Keeley (Trades, Portfolio), Ken Heebner (Trades, Portfolio), Arnold Schneider (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) also have shares of Taylor Morrison in their portfolios. Dodge & Cox, Vanguard Health Care Fund (Trades, Portfolio), Larry Robbins (Trades, Portfolio), James Barrow (Trades, Portfolio), Richard Pzena (Trades, Portfolio), Eric Mindich (Trades, Portfolio), Jeremy Grantham (Trades, Portfolio), Leon Cooperman (Trades, Portfolio), Jim Simons (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), Louis Moore Bacon (Trades, Portfolio), John Burbank (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), Signature Select Canadian Fund (Trades, Portfolio), Mario Gabelli (Trades, Portfolio), John Keeley (Trades, Portfolio), Lee Ainslie (Trades, Portfolio), Mairs and Power (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio) and David Dreman (Trades, Portfolio) have shares of Cigna in their portfolios. | NWQ Managers (Trades, Portfolio) purchased a 440,503-share stake in Ameris Bancorp ( ABCB ), the parent company of Ameris Bank, a Moultrie, Georgia-based financial services company, for an average price of $27.14 per share. TMHC 15-Year Financial Data The intrinsic value of TMHC Peter Lynch Chart of TMHC Taylor Morrison has a market cap of $1.98 billion and an enterprise value of $4.92 billion. NWQ Managers (Trades, Portfolio) has been buying and selling stakes in Value Index for years, and the latest purchase made NWQ Managers (Trades, Portfolio) the Value Index's leading shareholder among the gurus. |
27958.0 | 2015-12-02 00:00:00 UTC | Ameris Bancorp Is Proof Of Life After Banks' Deaths | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-proof-life-after-banks-deaths-2015-12-02 | nan | nan | I t's the little bank that could. Based in Moultrie, Ga., a city of fewer than 15,000 residents,Ameris Bancorp ( ABCB ) has seen steady growth since the stock market's doldrums of March 2009. It closed at a low of 3.86 during that month, but now Ameris trades at nearly 10 times that amount. This year alone, its stock has climbed 34% so far.
When the banking system was teetering on the verge of collapse in late 2008 and early 2009, Ameris took advantage of the situation: It went on a buying spree.
Negotiating with the FDIC, Ameris took advantage of an extraordinary opportunity and bought 10 failed banks. Outside ofU.S. Bancorp ( USB ), no other U.S. bank was so acquisitive during the financial crisis. It's continued on that path ever since.
"They're serial acquirers," said Bruce Roberts, an analyst at FinTrust Brokerage Services. "They've done this so many times, they can do this in their sleep. They really have this down to a science."
After its first two FDIC-assisted purchases, completed in 2009, Ameris raised $90 million in common stock at $9.50 per share in April 2010 in order to assist its FDIC strategy. Since that time, Ameris bought four entire institutions on its own, as well as another eight banks with FDIC help. It's also bought 18Bank of America ( BAC ) branches in southern Georgia and northern Florida.
Staying Aggressive
Ameris has remained aggressive now that the banking crisis and recession are over, announcing in October its acquisition ofJacksonville Bank ( JAXB ) for $96.6 million. This year, in addition to the Bank of America purchase, it paid $50 million in cash to buy the Gainesville, Fla.-based M&S Bank. In 2013, Ameris signed a merger agreement with Prosperity Bank, also based in northern Florida.
It's not as if Ameris itself avoided the ravages of the recession. In 2010, it reported an annual per-share loss of 35 cents. But since those dark days, Ameris has more than doubled its assets.
As of Sept. 30, the bank had $5.2 billion in total assets, up 30% from a year ago. Currently, it has more than 100 branches in Georgia, Alabama, Florida and South Carolina, having completed 14 merger deals in the last six years.
The 10 FDIC-assisted deals completed from October 2009 to July 2012 contained $1.3 billion in deposits. The M&S, Prosperity and BofA deals have swollen deposits to $4.5 billion as of Sept. 30. Despite the relative absence of failed banks to gobble up, Ameris executives' confidence in their deal-making prowess has grown along with their company's share price.
Analysts give credit to the company's top executives: President and Chief Executive Officer Edwin W. Hortman and Chief Financial Officer Dennis J. Zember, who have worked together before, during and after the recession.
Not Overpaying
They've generally been given high marks for the deftness of their M&A strategy, in particular for their ability to avoid overpaying for their targets.
"It requires a lot of skill and management expertise to get those acquisitions done," said Peyton Green, an analyst at Piper Jaffray.
The company's top brass demurred on what they have up their sleeves in terms of future buys.
"We always get asked about M&A and what the current situation is there, and I would just say that we are still having conversations as we always are. But our focus -- our No. 1 focus -- is on our operating results for 2016, closing and integrating the Jacksonville Bank transaction and delivering the operating results we have been talking about," Hortman said in Ameris' third-quarter earnings conference call on Oct. 23.
Location, Location, Location
The strong growth of Ameris' stock price since the recession is due in part to their advantageous location at that time. Florida and Georgia were among the hardest-hit states when the downturn's grip tightened in 2008. As a result, it was in a prime location to take advantage of a rare opportunity to grow through the rabid acquisition of multiple failing banks.
Its five biggest markets are Atlanta; Jacksonville, Fla.; Savannah, Ga.; Columbia, S.C.; and Charleston, S.C. Fortunately for Ameris, these areas are still on the rise, as businesses are drawn to the Southeast thanks to its business-friendly atmosphere, warm climate and relative weakness of labor unions.
"The population growth of most of their markets is above the average," said FinTrust's Roberts.
Founded in 1971 as American Banking Co., Ameris began trading on the Nasdaq as ABC Bancorp in 1994. It rebranded to Ameris 11 years later. In October, the company was added to the Standard & Poor's SmallCap 600 index.
Currently, the bank is both consumer- and commercial-focused in terms of day-to-day business. Ameris has a strong organic growth rate, with core loan growth notching above 20% per year. Total third-quarter revenue in its retail mortgage division soared 43% year over year to $12.3 million. Total loans grew 29% to $3.7 billion.
"They've done a good job of diversifying away from being a sleepy south Georgia bank to where they're now a Southeast powerhouse," said Brady Gailey, an analyst at Keefe, Bruyette & Woods.
Too much growth?
Looking ahead to potential headwinds, Ameris runs the risk of getting too big for its britches -- in the eyes of regulators, at least. If it grows to more than $10 billion in assets, it will be slapped with a whole new set of financial regulations, including more-rigorous stress tests.
"It is going to be a burden on their profitability," Gailey said.
Another risk could be if interest rates continue to stick to their current near-zero level into 2016, analyst Roberts said in an Oct. 29 research note. The odds, however, appear to favor the Federal Reserve raising rates at its meeting scheduled for Dec. 15-16.
Top Ameris executives remain confident that their long-term strategy will continue to pay off.
"As we go into 2016, if we're successful, remixing the cash flows off the mortgage pools into traditional commercial assets, we could see a pickup in net interest margins regardless of what happens or doesn't happen with interest rates," CFO Zember said in the company's Q3 earnings conference call on Oct. 23.
Analysts share that optimism.
"It's going to be a year where they're finishing putting all the pieces together," said Green of Piper Jaffray.
Ameris is part of IBD's Banks-Southeast industry group, where it earns a best-possible 99 Composite Rating out of a possible 99, and is considered the second-healthiest in the 50-company category.
Follow Ciaran McEvoy on Twitter @IBD_CMcEvoy and on Facebook .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Based in Moultrie, Ga., a city of fewer than 15,000 residents,Ameris Bancorp ( ABCB ) has seen steady growth since the stock market's doldrums of March 2009. Its five biggest markets are Atlanta; Jacksonville, Fla.; Savannah, Ga.; Columbia, S.C.; and Charleston, S.C. Fortunately for Ameris, these areas are still on the rise, as businesses are drawn to the Southeast thanks to its business-friendly atmosphere, warm climate and relative weakness of labor unions. "They've done a good job of diversifying away from being a sleepy south Georgia bank to where they're now a Southeast powerhouse," said Brady Gailey, an analyst at Keefe, Bruyette & Woods. | Based in Moultrie, Ga., a city of fewer than 15,000 residents,Ameris Bancorp ( ABCB ) has seen steady growth since the stock market's doldrums of March 2009. After its first two FDIC-assisted purchases, completed in 2009, Ameris raised $90 million in common stock at $9.50 per share in April 2010 in order to assist its FDIC strategy. Analysts give credit to the company's top executives: President and Chief Executive Officer Edwin W. Hortman and Chief Financial Officer Dennis J. Zember, who have worked together before, during and after the recession. | Based in Moultrie, Ga., a city of fewer than 15,000 residents,Ameris Bancorp ( ABCB ) has seen steady growth since the stock market's doldrums of March 2009. Staying Aggressive Ameris has remained aggressive now that the banking crisis and recession are over, announcing in October its acquisition ofJacksonville Bank ( JAXB ) for $96.6 million. 1 focus -- is on our operating results for 2016, closing and integrating the Jacksonville Bank transaction and delivering the operating results we have been talking about," Hortman said in Ameris' third-quarter earnings conference call on Oct. 23. | Based in Moultrie, Ga., a city of fewer than 15,000 residents,Ameris Bancorp ( ABCB ) has seen steady growth since the stock market's doldrums of March 2009. I t's the little bank that could. As of Sept. 30, the bank had $5.2 billion in total assets, up 30% from a year ago. |
27959.0 | 2015-10-20 00:00:00 UTC | New Strong Sell Stocks for October 20th | ABCB | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-october-20th-2015-10-20 | nan | nan | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today:
Ameris Bancorp ( ABCB )
Applied Materials, Inc. ( AMAT )
Astronics Corporation ( ATRO )
Blucora Inc ( BCOR )
Bona Film Group Ltd ( BONA )
View the entire Zacks Rank #5 List .
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BLUCORA INC (BCOR): Free Stock Analysis Report
BONA FILM-ADR (BONA): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: Ameris Bancorp ( ABCB ) Applied Materials, Inc. ( AMAT ) Astronics Corporation ( ATRO ) Blucora Inc ( BCOR ) Bona Film Group Ltd ( BONA ) View the entire Zacks Rank #5 List . Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report APPLD MATLS INC (AMAT): Free Stock Analysis Report ASTRONICS CORP (ATRO): Free Stock Analysis Report BLUCORA INC (BCOR): Free Stock Analysis Report BONA FILM-ADR (BONA): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: Ameris Bancorp ( ABCB ) Applied Materials, Inc. ( AMAT ) Astronics Corporation ( ATRO ) Blucora Inc ( BCOR ) Bona Film Group Ltd ( BONA ) View the entire Zacks Rank #5 List . Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report APPLD MATLS INC (AMAT): Free Stock Analysis Report ASTRONICS CORP (ATRO): Free Stock Analysis Report BLUCORA INC (BCOR): Free Stock Analysis Report BONA FILM-ADR (BONA): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: Ameris Bancorp ( ABCB ) Applied Materials, Inc. ( AMAT ) Astronics Corporation ( ATRO ) Blucora Inc ( BCOR ) Bona Film Group Ltd ( BONA ) View the entire Zacks Rank #5 List . Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report APPLD MATLS INC (AMAT): Free Stock Analysis Report ASTRONICS CORP (ATRO): Free Stock Analysis Report BLUCORA INC (BCOR): Free Stock Analysis Report BONA FILM-ADR (BONA): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: Ameris Bancorp ( ABCB ) Applied Materials, Inc. ( AMAT ) Astronics Corporation ( ATRO ) Blucora Inc ( BCOR ) Bona Film Group Ltd ( BONA ) View the entire Zacks Rank #5 List . Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report APPLD MATLS INC (AMAT): Free Stock Analysis Report ASTRONICS CORP (ATRO): Free Stock Analysis Report BLUCORA INC (BCOR): Free Stock Analysis Report BONA FILM-ADR (BONA): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? |
27960.0 | 2015-10-13 00:00:00 UTC | New Strong Sell Stocks for October 13th | ABCB | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-october-13th-2015-10-13 | nan | nan | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
Alliance Resource Partners, L.P. ( ARLP )
Ameris Bancorp ( ABCB )
Analogic Corporation ( ALOG )
ANI Pharmaceuticals Inc ( ANIP )
Applied Materials, Inc. ( AMAT )
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ANI PHARMACEUT (ANIP): Free Stock Analysis Report
APPLD MATLS INC (AMAT): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Alliance Resource Partners, L.P. ( ARLP ) Ameris Bancorp ( ABCB ) Analogic Corporation ( ALOG ) ANI Pharmaceuticals Inc ( ANIP ) Applied Materials, Inc. ( AMAT ) View the entire Zacks Rank #5 List . Click to get this free report ALLIANCE RES (ARLP): Free Stock Analysis Report AMERIS BANCORP (ABCB): Free Stock Analysis Report ANALOGIC CORP (ALOG): Free Stock Analysis Report ANI PHARMACEUT (ANIP): Free Stock Analysis Report APPLD MATLS INC (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Alliance Resource Partners, L.P. ( ARLP ) Ameris Bancorp ( ABCB ) Analogic Corporation ( ALOG ) ANI Pharmaceuticals Inc ( ANIP ) Applied Materials, Inc. ( AMAT ) View the entire Zacks Rank #5 List . Click to get this free report ALLIANCE RES (ARLP): Free Stock Analysis Report AMERIS BANCORP (ABCB): Free Stock Analysis Report ANALOGIC CORP (ALOG): Free Stock Analysis Report ANI PHARMACEUT (ANIP): Free Stock Analysis Report APPLD MATLS INC (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Alliance Resource Partners, L.P. ( ARLP ) Ameris Bancorp ( ABCB ) Analogic Corporation ( ALOG ) ANI Pharmaceuticals Inc ( ANIP ) Applied Materials, Inc. ( AMAT ) View the entire Zacks Rank #5 List . Click to get this free report ALLIANCE RES (ARLP): Free Stock Analysis Report AMERIS BANCORP (ABCB): Free Stock Analysis Report ANALOGIC CORP (ALOG): Free Stock Analysis Report ANI PHARMACEUT (ANIP): Free Stock Analysis Report APPLD MATLS INC (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Alliance Resource Partners, L.P. ( ARLP ) Ameris Bancorp ( ABCB ) Analogic Corporation ( ALOG ) ANI Pharmaceuticals Inc ( ANIP ) Applied Materials, Inc. ( AMAT ) View the entire Zacks Rank #5 List . Click to get this free report ALLIANCE RES (ARLP): Free Stock Analysis Report AMERIS BANCORP (ABCB): Free Stock Analysis Report ANALOGIC CORP (ALOG): Free Stock Analysis Report ANI PHARMACEUT (ANIP): Free Stock Analysis Report APPLD MATLS INC (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? |
27961.0 | 2015-10-06 00:00:00 UTC | New Strong Sell Stocks for October 6th | ABCB | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-october-6th-2015-10-06 | nan | nan | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today:
Ameris Bancorp ( ABCB )
Baidu Inc ( BIDU )
Boardwalk Pipeline Partners, LP ( BWP )
CECO Environmental Corp. ( CECE )
China Unicom (Hong Kong) Limited ( CHU )
View the entire Zacks Rank #5 List .
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BAIDU INC (BIDU): Free Stock Analysis Report
BOARDWALK PIPLN (BWP): Free Stock Analysis Report
CECO ENVIRNMNTL (CECE): Free Stock Analysis Report
CHINA UNICOM (CHU): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: Ameris Bancorp ( ABCB ) Baidu Inc ( BIDU ) Boardwalk Pipeline Partners, LP ( BWP ) CECO Environmental Corp. ( CECE ) China Unicom (Hong Kong) Limited ( CHU ) View the entire Zacks Rank #5 List . Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report BAIDU INC (BIDU): Free Stock Analysis Report BOARDWALK PIPLN (BWP): Free Stock Analysis Report CECO ENVIRNMNTL (CECE): Free Stock Analysis Report CHINA UNICOM (CHU): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: Ameris Bancorp ( ABCB ) Baidu Inc ( BIDU ) Boardwalk Pipeline Partners, LP ( BWP ) CECO Environmental Corp. ( CECE ) China Unicom (Hong Kong) Limited ( CHU ) View the entire Zacks Rank #5 List . Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report BAIDU INC (BIDU): Free Stock Analysis Report BOARDWALK PIPLN (BWP): Free Stock Analysis Report CECO ENVIRNMNTL (CECE): Free Stock Analysis Report CHINA UNICOM (CHU): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: Ameris Bancorp ( ABCB ) Baidu Inc ( BIDU ) Boardwalk Pipeline Partners, LP ( BWP ) CECO Environmental Corp. ( CECE ) China Unicom (Hong Kong) Limited ( CHU ) View the entire Zacks Rank #5 List . Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report BAIDU INC (BIDU): Free Stock Analysis Report BOARDWALK PIPLN (BWP): Free Stock Analysis Report CECO ENVIRNMNTL (CECE): Free Stock Analysis Report CHINA UNICOM (CHU): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: Ameris Bancorp ( ABCB ) Baidu Inc ( BIDU ) Boardwalk Pipeline Partners, LP ( BWP ) CECO Environmental Corp. ( CECE ) China Unicom (Hong Kong) Limited ( CHU ) View the entire Zacks Rank #5 List . Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report BAIDU INC (BIDU): Free Stock Analysis Report BOARDWALK PIPLN (BWP): Free Stock Analysis Report CECO ENVIRNMNTL (CECE): Free Stock Analysis Report CHINA UNICOM (CHU): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? |
27962.0 | 2015-10-01 00:00:00 UTC | New Strong Sell Stocks for October 1st | ABCB | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-october-1st-2015-10-01 | nan | nan | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
Ameris Bancorp ( ABCB )
Bank of Montreal ( BMO )
Bank of Nova Scotia ( BNS )
BHP Billiton Limited ( BHP )
Chimera Investment Corporation ( CIM )
View the entire Zacks Rank #5 List .
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BANK MONTREAL (BMO): Free Stock Analysis Report
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BHP BILLITN LTD (BHP): Free Stock Analysis Report
CHIMERA INVEST (CIM): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Ameris Bancorp ( ABCB ) Bank of Montreal ( BMO ) Bank of Nova Scotia ( BNS ) BHP Billiton Limited ( BHP ) Chimera Investment Corporation ( CIM ) View the entire Zacks Rank #5 List . Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report BANK MONTREAL (BMO): Free Stock Analysis Report BANK OF NOVA SC (BNS): Free Stock Analysis Report BHP BILLITN LTD (BHP): Free Stock Analysis Report CHIMERA INVEST (CIM): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Ameris Bancorp ( ABCB ) Bank of Montreal ( BMO ) Bank of Nova Scotia ( BNS ) BHP Billiton Limited ( BHP ) Chimera Investment Corporation ( CIM ) View the entire Zacks Rank #5 List . Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report BANK MONTREAL (BMO): Free Stock Analysis Report BANK OF NOVA SC (BNS): Free Stock Analysis Report BHP BILLITN LTD (BHP): Free Stock Analysis Report CHIMERA INVEST (CIM): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Ameris Bancorp ( ABCB ) Bank of Montreal ( BMO ) Bank of Nova Scotia ( BNS ) BHP Billiton Limited ( BHP ) Chimera Investment Corporation ( CIM ) View the entire Zacks Rank #5 List . Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report BANK MONTREAL (BMO): Free Stock Analysis Report BANK OF NOVA SC (BNS): Free Stock Analysis Report BHP BILLITN LTD (BHP): Free Stock Analysis Report CHIMERA INVEST (CIM): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Ameris Bancorp ( ABCB ) Bank of Montreal ( BMO ) Bank of Nova Scotia ( BNS ) BHP Billiton Limited ( BHP ) Chimera Investment Corporation ( CIM ) View the entire Zacks Rank #5 List . Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report BANK MONTREAL (BMO): Free Stock Analysis Report BANK OF NOVA SC (BNS): Free Stock Analysis Report BHP BILLITN LTD (BHP): Free Stock Analysis Report CHIMERA INVEST (CIM): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? |
27963.0 | 2015-10-01 00:00:00 UTC | Financial Sector Update for 10/01/2015: JAXB, STAG | ABCB | https://www.nasdaq.com/articles/financial-sector-update-10012015-jaxb-stag-2015-10-01 | nan | nan | Top Financial Shares:
JPM: +0.13%
BAC: +0.06%
WFC: +0.25%
C: +0.06%
USB: flat
Financial shares were higher in pre-market trade Thursday as Chinese manufacturing data beat forecasts.
In financial stocks news, Ameris Bancorp ( ABCB ), the parent company of Ameris Bank, has agreed to acquire Jacksonville Bancorp ( JAXB ), the parent company of The Jacksonville Bank.
The transaction is valued at approximately $96.6 million based on Ameris's closing stock price of $28.47 as of September 29.
And, Stag Industrial ( STAG ), a real estate investment trust focusing on industrial properties, said Thursday that it has secured a $150 million additional capacity on its unsecured revolving credit facility and a new $150 million of unsecured term loan.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In financial stocks news, Ameris Bancorp ( ABCB ), the parent company of Ameris Bank, has agreed to acquire Jacksonville Bancorp ( JAXB ), the parent company of The Jacksonville Bank. USB: flat Financial shares were higher in pre-market trade Thursday as Chinese manufacturing data beat forecasts. The transaction is valued at approximately $96.6 million based on Ameris's closing stock price of $28.47 as of September 29. | In financial stocks news, Ameris Bancorp ( ABCB ), the parent company of Ameris Bank, has agreed to acquire Jacksonville Bancorp ( JAXB ), the parent company of The Jacksonville Bank. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In financial stocks news, Ameris Bancorp ( ABCB ), the parent company of Ameris Bank, has agreed to acquire Jacksonville Bancorp ( JAXB ), the parent company of The Jacksonville Bank. And, Stag Industrial ( STAG ), a real estate investment trust focusing on industrial properties, said Thursday that it has secured a $150 million additional capacity on its unsecured revolving credit facility and a new $150 million of unsecured term loan. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In financial stocks news, Ameris Bancorp ( ABCB ), the parent company of Ameris Bank, has agreed to acquire Jacksonville Bancorp ( JAXB ), the parent company of The Jacksonville Bank. Top Financial Shares: USB: flat Financial shares were higher in pre-market trade Thursday as Chinese manufacturing data beat forecasts. |
27964.0 | 2015-10-01 00:00:00 UTC | Financial Sector Update for 10/01/2015: JAXB,ABCB,FXCM,HASI | ABCB | https://www.nasdaq.com/articles/financial-sector-update-10012015-jaxbabcbfxcmhasi-2015-10-01 | nan | nan | Top Financial Stocks
JPM +0.64%
BAC -0.43%
WFC -0.08%
C +0.12%
USB 0.00%
Financial stocks have turned narrowly higher in late trade, with the NYSE Financial Sector Index rising about 0.3% and the S&P Financial 100 Index was up less than 0.1%.
In company news, Jacksonville Bancorp Inc. ( JAXB ) jumped to 30-month high on Thursday after the bank holding company today agreed to a $96.6 million buyout offer from Ameris Bancorp ( ABCB ).
The deal, expected to close in early 2016, calls on Ameris to issue either 0.5861 of its share or $16.50 in cash for each Jacksonville Bancorp share, with a 25% limit on cash payments. The transaction values Jacksonville Bancorp shares at around $28.47 apiece, representing a 90.6% premium over Wednesday's closing price for the stock.
JAXB shares were up more than 7% at $16.05 apiece, earlier reaching their best level since April 2013 at $16.50 a share.
ABCB shares were down almost 2% at $28.28 a share in late trade, earlier climbing to a record high at $29.40 a share.
In other sector news,
(+) FXCM, Completes 10-for-1 reverse stock split. Reports a "small number" of unauthorized wire transfers from customer accounts by a self-proclaimed hacker who claimed in an email to have gained access to client data.
(-) HASI, Completes $110.5 mln offering of 4.28% sustainable yield bonds due 2034, with the A-rated notes secured by a portion of its utility-scale solar- and wind-power real estate assets.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In company news, Jacksonville Bancorp Inc. ( JAXB ) jumped to 30-month high on Thursday after the bank holding company today agreed to a $96.6 million buyout offer from Ameris Bancorp ( ABCB ). ABCB shares were down almost 2% at $28.28 a share in late trade, earlier climbing to a record high at $29.40 a share. The transaction values Jacksonville Bancorp shares at around $28.47 apiece, representing a 90.6% premium over Wednesday's closing price for the stock. | In company news, Jacksonville Bancorp Inc. ( JAXB ) jumped to 30-month high on Thursday after the bank holding company today agreed to a $96.6 million buyout offer from Ameris Bancorp ( ABCB ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. ABCB shares were down almost 2% at $28.28 a share in late trade, earlier climbing to a record high at $29.40 a share. | ABCB shares were down almost 2% at $28.28 a share in late trade, earlier climbing to a record high at $29.40 a share. In company news, Jacksonville Bancorp Inc. ( JAXB ) jumped to 30-month high on Thursday after the bank holding company today agreed to a $96.6 million buyout offer from Ameris Bancorp ( ABCB ). Financial stocks have turned narrowly higher in late trade, with the NYSE Financial Sector Index rising about 0.3% and the S&P Financial 100 Index was up less than 0.1%. | ABCB shares were down almost 2% at $28.28 a share in late trade, earlier climbing to a record high at $29.40 a share. In company news, Jacksonville Bancorp Inc. ( JAXB ) jumped to 30-month high on Thursday after the bank holding company today agreed to a $96.6 million buyout offer from Ameris Bancorp ( ABCB ). The deal, expected to close in early 2016, calls on Ameris to issue either 0.5861 of its share or $16.50 in cash for each Jacksonville Bancorp share, with a 25% limit on cash payments. |
27965.0 | 2015-09-25 00:00:00 UTC | Ameris Bancorp (ABCB) Ex-Dividend Date Scheduled for September 28, 2015 | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-abcb-ex-dividend-date-scheduled-september-28-2015-2015-09-25 | nan | nan | Ameris Bancorp ( ABCB ) will begin trading ex-dividend on September 28, 2015. A cash dividend payment of $0.05 per share is scheduled to be paid on October 09, 2015. Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 10th quarter that ABCB has paid the same dividend. At the current stock price of $28.3, the dividend yield is .71%.
The previous trading day's last sale of ABCB was $28.3, representing a -2.38% decrease from the 52 week high of $28.99 and a 30.6% increase over the 52 week low of $21.67.
ABCB is a part of the Finance sector, which includes companies such as Wells Fargo & Company ( WFC ) and J P Morgan Chase & Co ( JPM ). ABCB's current earnings per share, an indicator of a company's profitability, is $1.18. Zacks Investment Research reports ABCB's forecasted earnings growth in 2015 as 16.1%, compared to an industry average of 14.7%.
For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports ABCB's forecasted earnings growth in 2015 as 16.1%, compared to an industry average of 14.7%. For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. | ABCB's current earnings per share, an indicator of a company's profitability, is $1.18. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ameris Bancorp ( ABCB ) will begin trading ex-dividend on September 28, 2015. | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 10th quarter that ABCB has paid the same dividend. For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. ABCB's current earnings per share, an indicator of a company's profitability, is $1.18. Ameris Bancorp ( ABCB ) will begin trading ex-dividend on September 28, 2015. |
27966.0 | 2015-09-24 00:00:00 UTC | Ex-Dividend Reminder: Spirit Realty Capital, Ameris Bancorp and International Bancshares | ABCB | https://www.nasdaq.com/articles/ex-dividend-reminder-spirit-realty-capital-ameris-bancorp-and-international-bancshares | nan | nan | Looking at the universe of stocks we cover at Dividend Channel , on 9/28/15, Spirit Realty Capital, Inc (Symbol: SRC), Ameris Bancorp (Symbol: ABCB), and International Bancshares Corp. (Symbol: IBOC) will all trade ex-dividend for their respective upcoming dividends. Spirit Realty Capital, Inc will pay its quarterly dividend of $0.17 on 10/15/15, Ameris Bancorp will pay its quarterly dividend of $0.05 on 10/9/15, and International Bancshares Corp. will pay its semi-annual dividend of $0.29 on 10/15/15. As a percentage of SRC's recent stock price of $9.49, this dividend works out to approximately 1.79%, so look for shares of Spirit Realty Capital, Inc to trade 1.79% lower - all else being equal - when SRC shares open for trading on 9/28/15. Similarly, investors should look for ABCB to open 0.18% lower in price and for IBOC to open 1.18% lower, all else being equal.
Below are dividend history charts for SRC, ABCB, and IBOC, showing historical dividends prior to the most recent ones declared. Spirit Realty Capital, Inc (Symbol: SRC) :
Ameris Bancorp (Symbol: ABCB) :
International Bancshares Corp. (Symbol: IBOC) :
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 7.17% for Spirit Realty Capital, Inc , 0.72% for Ameris Bancorp, and 2.37% for International Bancshares Corp.. In Thursday trading, Spirit Realty Capital, Inc shares are currently trading flat, Ameris Bancorp shares are down about 0.6%, and International Bancshares Corp. shares are off about 1.1% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Looking at the universe of stocks we cover at Dividend Channel , on 9/28/15, Spirit Realty Capital, Inc (Symbol: SRC), Ameris Bancorp (Symbol: ABCB), and International Bancshares Corp. (Symbol: IBOC) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for ABCB to open 0.18% lower in price and for IBOC to open 1.18% lower, all else being equal. Below are dividend history charts for SRC, ABCB, and IBOC, showing historical dividends prior to the most recent ones declared. | Looking at the universe of stocks we cover at Dividend Channel , on 9/28/15, Spirit Realty Capital, Inc (Symbol: SRC), Ameris Bancorp (Symbol: ABCB), and International Bancshares Corp. (Symbol: IBOC) will all trade ex-dividend for their respective upcoming dividends. Spirit Realty Capital, Inc (Symbol: SRC) : Ameris Bancorp (Symbol: ABCB) : International Bancshares Corp. (Symbol: IBOC) : In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for ABCB to open 0.18% lower in price and for IBOC to open 1.18% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel , on 9/28/15, Spirit Realty Capital, Inc (Symbol: SRC), Ameris Bancorp (Symbol: ABCB), and International Bancshares Corp. (Symbol: IBOC) will all trade ex-dividend for their respective upcoming dividends. Spirit Realty Capital, Inc (Symbol: SRC) : Ameris Bancorp (Symbol: ABCB) : International Bancshares Corp. (Symbol: IBOC) : In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for ABCB to open 0.18% lower in price and for IBOC to open 1.18% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel , on 9/28/15, Spirit Realty Capital, Inc (Symbol: SRC), Ameris Bancorp (Symbol: ABCB), and International Bancshares Corp. (Symbol: IBOC) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for ABCB to open 0.18% lower in price and for IBOC to open 1.18% lower, all else being equal. Below are dividend history charts for SRC, ABCB, and IBOC, showing historical dividends prior to the most recent ones declared. |
27967.0 | 2015-08-26 00:00:00 UTC | New Strong Sell Stocks for August 26th | ABCB | https://www.nasdaq.com/articles/new-strong-sell-stocks-for-august-26th-2015-08-26 | nan | nan | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today:
Ameris Bancorp ( ABCB )
Copa Holdings, S.A. ( CPA )
Crestwood Equity Partners LP ( CEQP )
Santander Mexico Fincl Gp SAB deCV ( BSMX )
Invesco Mortgage Capital Inc ( IVR )
View the entire Zacks Rank #5 List .
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AMERIS BANCORP (ABCB): Free Stock Analysis Report
COPA HLDGS SA-A (CPA): Free Stock Analysis Report
CRESTWOOD EQTY (CEQP): Free Stock Analysis Report
GRUPO FIN SANTR (BSMX): Free Stock Analysis Report
INVESCO MORTGAG (IVR): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: Ameris Bancorp ( ABCB ) Copa Holdings, S.A. ( CPA ) Crestwood Equity Partners LP ( CEQP ) Santander Mexico Fincl Gp SAB deCV ( BSMX ) Invesco Mortgage Capital Inc ( IVR ) View the entire Zacks Rank #5 List . Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report COPA HLDGS SA-A (CPA): Free Stock Analysis Report CRESTWOOD EQTY (CEQP): Free Stock Analysis Report GRUPO FIN SANTR (BSMX): Free Stock Analysis Report INVESCO MORTGAG (IVR): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: Ameris Bancorp ( ABCB ) Copa Holdings, S.A. ( CPA ) Crestwood Equity Partners LP ( CEQP ) Santander Mexico Fincl Gp SAB deCV ( BSMX ) Invesco Mortgage Capital Inc ( IVR ) View the entire Zacks Rank #5 List . Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report COPA HLDGS SA-A (CPA): Free Stock Analysis Report CRESTWOOD EQTY (CEQP): Free Stock Analysis Report GRUPO FIN SANTR (BSMX): Free Stock Analysis Report INVESCO MORTGAG (IVR): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: Ameris Bancorp ( ABCB ) Copa Holdings, S.A. ( CPA ) Crestwood Equity Partners LP ( CEQP ) Santander Mexico Fincl Gp SAB deCV ( BSMX ) Invesco Mortgage Capital Inc ( IVR ) View the entire Zacks Rank #5 List . Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report COPA HLDGS SA-A (CPA): Free Stock Analysis Report CRESTWOOD EQTY (CEQP): Free Stock Analysis Report GRUPO FIN SANTR (BSMX): Free Stock Analysis Report INVESCO MORTGAG (IVR): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) list today: Ameris Bancorp ( ABCB ) Copa Holdings, S.A. ( CPA ) Crestwood Equity Partners LP ( CEQP ) Santander Mexico Fincl Gp SAB deCV ( BSMX ) Invesco Mortgage Capital Inc ( IVR ) View the entire Zacks Rank #5 List . Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report COPA HLDGS SA-A (CPA): Free Stock Analysis Report CRESTWOOD EQTY (CEQP): Free Stock Analysis Report GRUPO FIN SANTR (BSMX): Free Stock Analysis Report INVESCO MORTGAG (IVR): Free Stock Analysis Report To read this article on Zacks.com click here. Want the latest recommendations from Zacks Investment Research? |
27968.0 | 2015-06-25 00:00:00 UTC | Ameris Bancorp (ABCB) Ex-Dividend Date Scheduled for June 26, 2015 | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-abcb-ex-dividend-date-scheduled-june-26-2015-2015-06-25 | nan | nan | Ameris Bancorp ( ABCB ) will begin trading ex-dividend on June 26, 2015. A cash dividend payment of $0.05 per share is scheduled to be paid on July 10, 2015. Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 9th quarter that ABCB has paid the same dividend. At the current stock price of $25.83, the dividend yield is .77%.
The previous trading day's last sale of ABCB was $25.83, representing a -4.37% decrease from the 52 week high of $27.01 and a 24.9% increase over the 52 week low of $20.68.
ABCB is a part of the Finance sector, which includes companies such as Wells Fargo & Company ( WFC ) and J P Morgan Chase & Co ( JPM ). ABCB's current earnings per share, an indicator of a company's profitability, is $1.46. Zacks Investment Research reports ABCB's forecasted earnings growth in 2015 as 26.08%, compared to an industry average of 10.9%.
For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports ABCB's forecasted earnings growth in 2015 as 26.08%, compared to an industry average of 10.9%. For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. | ABCB's current earnings per share, an indicator of a company's profitability, is $1.46. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ameris Bancorp ( ABCB ) will begin trading ex-dividend on June 26, 2015. | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 9th quarter that ABCB has paid the same dividend. For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. ABCB's current earnings per share, an indicator of a company's profitability, is $1.46. Ameris Bancorp ( ABCB ) will begin trading ex-dividend on June 26, 2015. |
27969.0 | 2015-03-26 00:00:00 UTC | Ameris Bancorp (ABCB) Ex-Dividend Date Scheduled for March 27, 2015 | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-abcb-ex-dividend-date-scheduled-march-27-2015-2015-03-26 | nan | nan | Ameris Bancorp ( ABCB ) will begin trading ex-dividend on March 27, 2015. A cash dividend payment of $0.05 per share is scheduled to be paid on April 10, 2015. Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 8th quarter that ABCB has paid the same dividend.
The previous trading day's last sale of ABCB was $26.15, representing a -2.21% decrease from the 52 week high of $26.74 and a 34.45% increase over the 52 week low of $19.45.
ABCB is a part of the Finance sector, which includes companies such as Wells Fargo & Company ( WFC ) and J P Morgan Chase & Co ( JPM ). ABCB's current earnings per share, an indicator of a company's profitability, is $1.46. Zacks Investment Research reports ABCB's forecasted earnings growth in 2015 as 34.52%, compared to an industry average of 10.5%.
For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports ABCB's forecasted earnings growth in 2015 as 34.52%, compared to an industry average of 10.5%. For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ameris Bancorp ( ABCB ) will begin trading ex-dividend on March 27, 2015. | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. ABCB is a part of the Finance sector, which includes companies such as Wells Fargo & Company ( WFC ) and J P Morgan Chase & Co ( JPM ). For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. ABCB's current earnings per share, an indicator of a company's profitability, is $1.46. Ameris Bancorp ( ABCB ) will begin trading ex-dividend on March 27, 2015. |
27970.0 | 2014-12-26 00:00:00 UTC | Ameris Bancorp (ABCB) Ex-Dividend Date Scheduled for December 29, 2014 | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-abcb-ex-dividend-date-scheduled-december-29-2014-2014-12-26 | nan | nan | Ameris Bancorp ( ABCB ) will begin trading ex-dividend on December 29, 2014. A cash dividend payment of $0.05 per share is scheduled to be paid on January 09, 2015. Shareholders who purchased ABCB stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 7th quarter that ABCB has paid the same dividend. At the current stock price of $25.94, the dividend yield is .77%.
The previous trading day's last sale of ABCB was $25.94, representing a -2.99% decrease from the 52 week high of $26.74 and a 33.59% increase over the 52 week low of $19.42.
ABCB is a part of the Finance sector, which includes companies such as Wells Fargo & Company ( WFC ) and J P Morgan Chase & Co ( JPM ). ABCB's current earnings per share, an indicator of a company's profitability, is $1.11. Zacks Investment Research reports ABCB's forecasted earnings growth in 2014 as 78.06%, compared to an industry average of 15.5%.
For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased ABCB stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports ABCB's forecasted earnings growth in 2014 as 78.06%, compared to an industry average of 15.5%. For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. | ABCB's current earnings per share, an indicator of a company's profitability, is $1.11. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ameris Bancorp ( ABCB ) will begin trading ex-dividend on December 29, 2014. | Shareholders who purchased ABCB stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 7th quarter that ABCB has paid the same dividend. For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. | Shareholders who purchased ABCB stock prior to the ex-dividend date are eligible for the cash dividend payment. ABCB's current earnings per share, an indicator of a company's profitability, is $1.11. Ameris Bancorp ( ABCB ) will begin trading ex-dividend on December 29, 2014. |
27971.0 | 2014-09-25 00:00:00 UTC | Ex-Div Reminder for Ameris Bancorp | ABCB | https://www.nasdaq.com/articles/ex-div-reminder-ameris-bancorp-2014-09-25 | nan | nan | Looking at the universe of stocks we cover at Dividend Channel , on 9/26/14, Ameris Bancorp (Symbol: ABCB) will trade ex-dividend, for its quarterly dividend of $0.05, payable on 10/10/14. As a percentage of ABCB's recent stock price of $21.97, this dividend works out to approximately 0.23%.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ABCB is likely to continue, and whether the current estimated yield of 0.91% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average:
Looking at the chart above, ABCB's low point in its 52 week range is $17.52 per share, with $24.25 as the 52 week high point - that compares with a last trade of $21.97.
In Thursday trading, Ameris Bancorp shares are currently down about 0.6% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | As a percentage of ABCB's recent stock price of $21.97, this dividend works out to approximately 0.23%. In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ABCB is likely to continue, and whether the current estimated yield of 0.91% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average: Looking at the chart above, ABCB's low point in its 52 week range is $17.52 per share, with $24.25 as the 52 week high point - that compares with a last trade of $21.97. | Looking at the universe of stocks we cover at Dividend Channel , on 9/26/14, Ameris Bancorp (Symbol: ABCB) will trade ex-dividend, for its quarterly dividend of $0.05, payable on 10/10/14. As a percentage of ABCB's recent stock price of $21.97, this dividend works out to approximately 0.23%. In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ABCB is likely to continue, and whether the current estimated yield of 0.91% on annualized basis is a reasonable expectation of annual yield going forward. | Looking at the universe of stocks we cover at Dividend Channel , on 9/26/14, Ameris Bancorp (Symbol: ABCB) will trade ex-dividend, for its quarterly dividend of $0.05, payable on 10/10/14. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average: Looking at the chart above, ABCB's low point in its 52 week range is $17.52 per share, with $24.25 as the 52 week high point - that compares with a last trade of $21.97. As a percentage of ABCB's recent stock price of $21.97, this dividend works out to approximately 0.23%. | As a percentage of ABCB's recent stock price of $21.97, this dividend works out to approximately 0.23%. In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ABCB is likely to continue, and whether the current estimated yield of 0.91% on annualized basis is a reasonable expectation of annual yield going forward. Looking at the universe of stocks we cover at Dividend Channel , on 9/26/14, Ameris Bancorp (Symbol: ABCB) will trade ex-dividend, for its quarterly dividend of $0.05, payable on 10/10/14. |
27972.0 | 2014-09-25 00:00:00 UTC | Ameris Bancorp (ABCB) Ex-Dividend Date Scheduled for September 26, 2014 | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-abcb-ex-dividend-date-scheduled-september-26-2014-2014-09-25 | nan | nan | Ameris Bancorp ( ABCB ) will begin trading ex-dividend on September 26, 2014. A cash dividend payment of $0.05 per share is scheduled to be paid on October 10, 2014. Shareholders who purchased ABCB stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 6th quarter that ABCB has paid the same dividend. At the current stock price of $22.1, the dividend yield is .9%.
The previous trading day's last sale of ABCB was $22.1, representing a -8.87% decrease from the 52 week high of $24.25 and a 26.14% increase over the 52 week low of $17.52.
ABCB is a part of the Finance sector, which includes companies such as Wells Fargo & Company ( WFC ) and J P Morgan Chase & Co ( JPM ). ABCB's current earnings per share, an indicator of a company's profitability, is $.94. Zacks Investment Research reports ABCB's forecasted earnings growth in 2014 as 80%, compared to an industry average of 11.8%.
For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased ABCB stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports ABCB's forecasted earnings growth in 2014 as 80%, compared to an industry average of 11.8%. For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. | ABCB's current earnings per share, an indicator of a company's profitability, is $.94. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ameris Bancorp ( ABCB ) will begin trading ex-dividend on September 26, 2014. | Shareholders who purchased ABCB stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 6th quarter that ABCB has paid the same dividend. For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. | Shareholders who purchased ABCB stock prior to the ex-dividend date are eligible for the cash dividend payment. ABCB's current earnings per share, an indicator of a company's profitability, is $.94. Ameris Bancorp ( ABCB ) will begin trading ex-dividend on September 26, 2014. |
27973.0 | 2014-08-07 00:00:00 UTC | Bernard Horn Comments on Ameris Bancorp | ABCB | https://www.nasdaq.com/articles/bernard-horn-comments-ameris-bancorp-2014-08-07 | nan | nan | Similar to IBOC, Ameris Bancorp ( ABCB ) reported improved net income, higher interest margins and additional revenues from the acquisition of The Prosperity Banking Co. The company also reinstituted the dividend that they eliminated during the 2008- 2009 credit crisis, repaid TARP and completed another acquisition. Yet, the stock price dropped more than 7%; we can't ascertain any fundamental reason for the decline.
From Bernard Horn ( Trades , Portfolio )'s Polaris Global Value Fund Second Quarter 2014 Shareholder Letter.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Similar to IBOC, Ameris Bancorp ( ABCB ) reported improved net income, higher interest margins and additional revenues from the acquisition of The Prosperity Banking Co. The company also reinstituted the dividend that they eliminated during the 2008- 2009 credit crisis, repaid TARP and completed another acquisition. Yet, the stock price dropped more than 7%; we can't ascertain any fundamental reason for the decline. | The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Similar to IBOC, Ameris Bancorp ( ABCB ) reported improved net income, higher interest margins and additional revenues from the acquisition of The Prosperity Banking Co. From Bernard Horn ( Trades , Portfolio )'s Polaris Global Value Fund Second Quarter 2014 Shareholder Letter.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. | Similar to IBOC, Ameris Bancorp ( ABCB ) reported improved net income, higher interest margins and additional revenues from the acquisition of The Prosperity Banking Co. From Bernard Horn ( Trades , Portfolio )'s Polaris Global Value Fund Second Quarter 2014 Shareholder Letter.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members . | Similar to IBOC, Ameris Bancorp ( ABCB ) reported improved net income, higher interest margins and additional revenues from the acquisition of The Prosperity Banking Co. The company also reinstituted the dividend that they eliminated during the 2008- 2009 credit crisis, repaid TARP and completed another acquisition. And publishes daily articles tracking the latest moves of the world's best investors. |
27974.0 | 2014-07-01 00:00:00 UTC | Ameris Bancorp (ABCB) Ex-Dividend Date Scheduled for July 02, 2014 | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-abcb-ex-dividend-date-scheduled-july-02-2014-2014-07-01 | nan | nan | Ameris Bancorp ( ABCB ) will begin trading ex-dividend on July 02, 2014. A cash dividend payment of $0.05 per share is scheduled to be paid on July 15, 2014. Shareholders who purchased ABCB stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 5th quarter that ABCB has paid the same dividend.
The previous trading day's last sale of ABCB was $21.56, representing a -10.98% decrease from the 52 week high of $24.22 and a 28.58% increase over the 52 week low of $16.77.
ABCB is a part of the Finance sector, which includes companies such as Wells Fargo & Company ( WFC ) and J P Morgan Chase & Co ( JPM ). ABCB's current earnings per share, an indicator of a company's profitability, is $.88. Zacks Investment Research reports ABCB's forecasted earnings growth in 2014 as 80.28%, compared to an industry average of 11.2%.
For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Shareholders who purchased ABCB stock prior to the ex-dividend date are eligible for the cash dividend payment. Zacks Investment Research reports ABCB's forecasted earnings growth in 2014 as 80.28%, compared to an industry average of 11.2%. For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. | Shareholders who purchased ABCB stock prior to the ex-dividend date are eligible for the cash dividend payment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ameris Bancorp ( ABCB ) will begin trading ex-dividend on July 02, 2014. | Shareholders who purchased ABCB stock prior to the ex-dividend date are eligible for the cash dividend payment. ABCB is a part of the Finance sector, which includes companies such as Wells Fargo & Company ( WFC ) and J P Morgan Chase & Co ( JPM ). For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. | Shareholders who purchased ABCB stock prior to the ex-dividend date are eligible for the cash dividend payment. ABCB's current earnings per share, an indicator of a company's profitability, is $.88. Ameris Bancorp ( ABCB ) will begin trading ex-dividend on July 02, 2014. |
27975.0 | 2014-05-12 00:00:00 UTC | Ameris Bancorp Upped to Strong Buy - Analyst Blog | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-upped-to-strong-buy-analyst-blog-2014-05-12 | nan | nan | On May 10, 2014, Zacks Investment Research upgraded Ameris Bancorp ( ABCB ) to a Zacks Rank #1 (Strong Buy).
Why the Upgrade?
Ameris Bancorp has been witnessing rising earnings estimates on the back of strong first-quarter 2014 results, steady organic growth and a healthy capital position. The long-term expected earnings growth rate for this stock is 8.00%. Further, the company recorded a solid return of 34.1% in a year's time.
Ameris Bancorp reported its first-quarter results on Apr 22 with earnings of 32 cents per share, which missed the Zacks Consensus Estimate of 33 cents by 3.03%. However, earnings came in significantly higher than the prior-year quarter figure of 20 cents.
Results in the reported quarter were primarily driven by rise in revenues and lower provision for loan losses.
Net loans ascended 28.6% year over year, while total deposits grew 20.9%. This reflects organic growth of the company. Non-performing assets as a percent of total assets declined 43 basis points to 2.29%.
On the flip side, a 15.1% rise in operating expenses and a 33.7% increase in interest expenses were recorded.
For 2014, the Zacks Consensus Estimate increased 4.4% to $1.67 per share over the last 60 days. For 2015, the Zacks Consensus Estimate advanced 13.3% to $2.04 per share over the same time period.
Other Stocks to Consider
Apart from Ameris Bancorp, other Southeast banks worth considering include Capital City Bank Group Inc. ( CCBG ), Farmers Capital Bank Corporation ( FFKT ) and First Bancorp ( FBNC ). All of these stocks carry a Zacks Rank #1 (Strong Buy).
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AMERIS BANCORP (ABCB): Free Stock Analysis Report
CAPITAL CITY BK (CCBG): Free Stock Analysis Report
FIRST BCP-NC (FBNC): Free Stock Analysis Report
FARMERS CAP KY (FFKT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | On May 10, 2014, Zacks Investment Research upgraded Ameris Bancorp ( ABCB ) to a Zacks Rank #1 (Strong Buy). Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report CAPITAL CITY BK (CCBG): Free Stock Analysis Report FIRST BCP-NC (FBNC): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report To read this article on Zacks.com click here. Ameris Bancorp has been witnessing rising earnings estimates on the back of strong first-quarter 2014 results, steady organic growth and a healthy capital position. | On May 10, 2014, Zacks Investment Research upgraded Ameris Bancorp ( ABCB ) to a Zacks Rank #1 (Strong Buy). Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report CAPITAL CITY BK (CCBG): Free Stock Analysis Report FIRST BCP-NC (FBNC): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Apart from Ameris Bancorp, other Southeast banks worth considering include Capital City Bank Group Inc. ( CCBG ), Farmers Capital Bank Corporation ( FFKT ) and First Bancorp ( FBNC ). | On May 10, 2014, Zacks Investment Research upgraded Ameris Bancorp ( ABCB ) to a Zacks Rank #1 (Strong Buy). Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report CAPITAL CITY BK (CCBG): Free Stock Analysis Report FIRST BCP-NC (FBNC): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report To read this article on Zacks.com click here. Ameris Bancorp reported its first-quarter results on Apr 22 with earnings of 32 cents per share, which missed the Zacks Consensus Estimate of 33 cents by 3.03%. | On May 10, 2014, Zacks Investment Research upgraded Ameris Bancorp ( ABCB ) to a Zacks Rank #1 (Strong Buy). Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report CAPITAL CITY BK (CCBG): Free Stock Analysis Report FIRST BCP-NC (FBNC): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report To read this article on Zacks.com click here. Ameris Bancorp has been witnessing rising earnings estimates on the back of strong first-quarter 2014 results, steady organic growth and a healthy capital position. |
27976.0 | 2014-05-12 00:00:00 UTC | Middleburg Financial Upgraded to Strong Buy - Analyst Blog | ABCB | https://www.nasdaq.com/articles/middleburg-financial-upgraded-to-strong-buy-analyst-blog-2014-05-12 | nan | nan | Zacks Investment Research upgraded Middleburg Financial Corporation ( MBRG ) to Zacks Rank #1 (Strong Buy) on May 7, 2014,
Why the Upgrade?
Middleburg Financial's impressive first-quarter 2014 results was the primary driver for the rating upgrade. Moreover, in the last four trailing quarters the company scripted positive earnings surprises, with average earnings beat of 42.4%.
On Apr 30, Middleburg Financial reported earnings of 28 cents per share, outpacing the Zacks Consensus Estimate by 55.6%. Further, this was 47.4% above the prior-year quarter figure of 19 cents.
The strong results were attributable to 2.9% rise in net interest income and 12.9% fall in operating expenses. Also, improvement in asset quality as well as strong capital and profitability ratios were the other tailwinds.
Total nonperforming assets declined 26.4% year over year, while allowance for loan losses was down 8 basis points (bps) to 1.81% as a percentage of total loans. Moreover, Tier 1 risk-based capital ratio and Total risk based capital ratio improved 32 bps and 33 bps to 14.67% and 15.93%, respectively.
On the flip side, nearly 1% decline in non-interest income was recorded.
During the last 30 days, the Zacks Consensus Estimate for 2014 increased 19.3% to $1.05 per share. For 2015, the Zacks Consensus Estimate advanced 16.8% to $1.11 per share over the same time period.
Other Stocks to Consider
Apart from Middleburg Financial, other Southeast regional banks worth considering include Farmers Capital Bank Corp. ( FFKT ), Ameris Bancorp ( ABCB ) and Capital City Bank Group Inc. ( CCBG ). All these stocks carry a Zacks Rank #1.
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AMERIS BANCORP (ABCB): Free Stock Analysis Report
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FARMERS CAP KY (FFKT): Free Stock Analysis Report
MIDDLEBURG FINL (MBRG): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other Stocks to Consider Apart from Middleburg Financial, other Southeast regional banks worth considering include Farmers Capital Bank Corp. ( FFKT ), Ameris Bancorp ( ABCB ) and Capital City Bank Group Inc. ( CCBG ). Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report CAPITAL CITY BK (CCBG): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report MIDDLEBURG FINL (MBRG): Free Stock Analysis Report To read this article on Zacks.com click here. Middleburg Financial's impressive first-quarter 2014 results was the primary driver for the rating upgrade. | Other Stocks to Consider Apart from Middleburg Financial, other Southeast regional banks worth considering include Farmers Capital Bank Corp. ( FFKT ), Ameris Bancorp ( ABCB ) and Capital City Bank Group Inc. ( CCBG ). Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report CAPITAL CITY BK (CCBG): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report MIDDLEBURG FINL (MBRG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research upgraded Middleburg Financial Corporation ( MBRG ) to Zacks Rank #1 (Strong Buy) on May 7, 2014, Why the Upgrade? | Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report CAPITAL CITY BK (CCBG): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report MIDDLEBURG FINL (MBRG): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Apart from Middleburg Financial, other Southeast regional banks worth considering include Farmers Capital Bank Corp. ( FFKT ), Ameris Bancorp ( ABCB ) and Capital City Bank Group Inc. ( CCBG ). Zacks Investment Research upgraded Middleburg Financial Corporation ( MBRG ) to Zacks Rank #1 (Strong Buy) on May 7, 2014, Why the Upgrade? | Other Stocks to Consider Apart from Middleburg Financial, other Southeast regional banks worth considering include Farmers Capital Bank Corp. ( FFKT ), Ameris Bancorp ( ABCB ) and Capital City Bank Group Inc. ( CCBG ). Click to get this free report AMERIS BANCORP (ABCB): Free Stock Analysis Report CAPITAL CITY BK (CCBG): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report MIDDLEBURG FINL (MBRG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research upgraded Middleburg Financial Corporation ( MBRG ) to Zacks Rank #1 (Strong Buy) on May 7, 2014, Why the Upgrade? |
27977.0 | 2014-04-29 00:00:00 UTC | Zacks Rank #1 Additions for Tuesday - Tale of the Tape | ABCB | https://www.nasdaq.com/articles/zacks-rank-1-additions-for-tuesday-tale-of-the-tape-2014-04-29 | nan | nan | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
Alexion Pharmaceuticals, Inc. ( ALXN )
Alliant Techsystems Inc. ( ATK )
Ameris Bancorp ( ABCB )
Avista Corp ( AVA )
BioTelemetry, Inc. ( BEAT )
View the entire Zacks Rank #1 List .
AMERIS BANCORP (ABCB): Free Stock Analysis Report
ALEXION PHARMA (ALXN): Free Stock Analysis Report
ALLIANT TECHSYS (ATK): Free Stock Analysis Report
AVISTA CORP (AVA): Free Stock Analysis Report
BIOTELEMETRY (BEAT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Alexion Pharmaceuticals, Inc. ( ALXN ) Alliant Techsystems Inc. ( ATK ) Ameris Bancorp ( ABCB ) Avista Corp ( AVA ) BioTelemetry, Inc. ( BEAT ) View the entire Zacks Rank #1 List . AMERIS BANCORP (ABCB): Free Stock Analysis Report ALEXION PHARMA (ALXN): Free Stock Analysis Report ALLIANT TECHSYS (ATK): Free Stock Analysis Report AVISTA CORP (AVA): Free Stock Analysis Report BIOTELEMETRY (BEAT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Alexion Pharmaceuticals, Inc. ( ALXN ) Alliant Techsystems Inc. ( ATK ) Ameris Bancorp ( ABCB ) Avista Corp ( AVA ) BioTelemetry, Inc. ( BEAT ) View the entire Zacks Rank #1 List . AMERIS BANCORP (ABCB): Free Stock Analysis Report ALEXION PHARMA (ALXN): Free Stock Analysis Report ALLIANT TECHSYS (ATK): Free Stock Analysis Report AVISTA CORP (AVA): Free Stock Analysis Report BIOTELEMETRY (BEAT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AMERIS BANCORP (ABCB): Free Stock Analysis Report ALEXION PHARMA (ALXN): Free Stock Analysis Report ALLIANT TECHSYS (ATK): Free Stock Analysis Report AVISTA CORP (AVA): Free Stock Analysis Report BIOTELEMETRY (BEAT): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Alexion Pharmaceuticals, Inc. ( ALXN ) Alliant Techsystems Inc. ( ATK ) Ameris Bancorp ( ABCB ) Avista Corp ( AVA ) BioTelemetry, Inc. ( BEAT ) View the entire Zacks Rank #1 List . Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Alexion Pharmaceuticals, Inc. ( ALXN ) Alliant Techsystems Inc. ( ATK ) Ameris Bancorp ( ABCB ) Avista Corp ( AVA ) BioTelemetry, Inc. ( BEAT ) View the entire Zacks Rank #1 List . AMERIS BANCORP (ABCB): Free Stock Analysis Report ALEXION PHARMA (ALXN): Free Stock Analysis Report ALLIANT TECHSYS (ATK): Free Stock Analysis Report AVISTA CORP (AVA): Free Stock Analysis Report BIOTELEMETRY (BEAT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. |
27978.0 | 2014-04-29 00:00:00 UTC | Tuesday 4/29 Insider Buying Report: ABCB, BLMT | ABCB | https://www.nasdaq.com/articles/tuesday-429-insider-buying-report-abcb-blmt-2014-04-29 | nan | nan | As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
On Friday, Ameris Bancorp ( ABCB )'s Director, Jimmy D. Veal, made a $71,191 purchase of ABCB, buying 3,180 shares at a cost of $22.39 each. Ameris Bancorp is trading up about 1.1% on the day Tuesday. Before this latest buy, Veal purchased ABCB at 3 other times during the past twelve months, for a total cost of $82,356 at an average of $20.04 per share.
And also on Friday, Executive Vice President Christopher Y. Downs bought $68,760 worth of BSB Bancorp ( BLMT ), buying 4,000 shares at a cost of $17.19 a piece. Before this latest buy, Downs purchased BLMT at 2 other times during the past year, for a total cost of $166,930 at an average of $16.54 per share. BSB Bancorp is trading down about 0.2% on the day Tuesday. So far Downs is in the green, up about 0.9% on their buy based on today's trading high of $17.35.
VIDEO: Tuesday 4/29 Insider Buying Report: ABCB, BLMT
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Before this latest buy, Veal purchased ABCB at 3 other times during the past twelve months, for a total cost of $82,356 at an average of $20.04 per share. On Friday, Ameris Bancorp ( ABCB )'s Director, Jimmy D. Veal, made a $71,191 purchase of ABCB, buying 3,180 shares at a cost of $22.39 each. VIDEO: Tuesday 4/29 Insider Buying Report: ABCB, BLMT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | On Friday, Ameris Bancorp ( ABCB )'s Director, Jimmy D. Veal, made a $71,191 purchase of ABCB, buying 3,180 shares at a cost of $22.39 each. VIDEO: Tuesday 4/29 Insider Buying Report: ABCB, BLMT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Before this latest buy, Veal purchased ABCB at 3 other times during the past twelve months, for a total cost of $82,356 at an average of $20.04 per share. | On Friday, Ameris Bancorp ( ABCB )'s Director, Jimmy D. Veal, made a $71,191 purchase of ABCB, buying 3,180 shares at a cost of $22.39 each. VIDEO: Tuesday 4/29 Insider Buying Report: ABCB, BLMT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Before this latest buy, Veal purchased ABCB at 3 other times during the past twelve months, for a total cost of $82,356 at an average of $20.04 per share. | On Friday, Ameris Bancorp ( ABCB )'s Director, Jimmy D. Veal, made a $71,191 purchase of ABCB, buying 3,180 shares at a cost of $22.39 each. Before this latest buy, Veal purchased ABCB at 3 other times during the past twelve months, for a total cost of $82,356 at an average of $20.04 per share. VIDEO: Tuesday 4/29 Insider Buying Report: ABCB, BLMT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. |
27979.0 | 2014-03-14 00:00:00 UTC | Ameris Bancorp (ABCB) Shares March Higher, Can It Continue? - Tale of the Tape | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-abcb-shares-march-higher-can-it-continue-tale-of-the-tape-2014-03-14 | nan | nan | As of late, it has definitely been a great time to be an investor in Ameris Bancorp ( ABCB ) . The stock has moved higher by 16.5 % in the past month, while it is also above its 20 Day ABCB too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.
We certainly think that this might be the case, particularly if you consider ABCB's recent earnings estimate revision activity. From this look, the company's future is quite favorable; as ABCB has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn't the top for the in-focus company.
AMERIS BANCORP (ABCB): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | From this look, the company's future is quite favorable; as ABCB has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn't the top for the in-focus company. AMERIS BANCORP (ABCB): Free Stock Analysis Report To read this article on Zacks.com click here. As of late, it has definitely been a great time to be an investor in Ameris Bancorp ( ABCB ) . | AMERIS BANCORP (ABCB): Free Stock Analysis Report To read this article on Zacks.com click here. As of late, it has definitely been a great time to be an investor in Ameris Bancorp ( ABCB ) . The stock has moved higher by 16.5 % in the past month, while it is also above its 20 Day ABCB too. | From this look, the company's future is quite favorable; as ABCB has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn't the top for the in-focus company. AMERIS BANCORP (ABCB): Free Stock Analysis Report To read this article on Zacks.com click here. As of late, it has definitely been a great time to be an investor in Ameris Bancorp ( ABCB ) . | As of late, it has definitely been a great time to be an investor in Ameris Bancorp ( ABCB ) . The stock has moved higher by 16.5 % in the past month, while it is also above its 20 Day ABCB too. We certainly think that this might be the case, particularly if you consider ABCB's recent earnings estimate revision activity. |
27980.0 | 2014-03-12 00:00:00 UTC | Ameris Bancorp (ABCB) in Focus: Stocks Moves 6.4% Higher - Tale of the Tape | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-abcb-in-focus%3A-stocks-moves-6.4-higher-tale-of-the-tape-2014-03-12 | nan | nan | Ameris Bancorp ( ABCB ) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 14.86% over the past one month time frame.
This Southeast bank witnessed one downward estimate revision over the past 30 days. The Zacks Consensus Estimate also moved lower over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday's move higher lasts.
Ameris Bancorp holds a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%.
However some better-ranked stocks in the sector include Access National Corporation ( ANCX ), Bank of Kentucky Financial Corp. ( BKYF ) and SY Bancorp Inc. ( SYBT ). All these stocks sport a Zacks Rank #1 (Strong Buy).
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AMERIS BANCORP (ABCB): Free Stock Analysis Report
ACCESS NATL CP (ANCX): Free Stock Analysis Report
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S Y BANCORP INC (SYBT): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris Bancorp ( ABCB ) was a big mover last session, as the company saw its shares rise more than 6% on the day. Click to get this free report >> AMERIS BANCORP (ABCB): Free Stock Analysis Report ACCESS NATL CP (ANCX): Free Stock Analysis Report BANK OF KY FINL (BKYF): Free Stock Analysis Report S Y BANCORP INC (SYBT): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate also moved lower over the same time frame, signaling trouble down the road. | Click to get this free report >> AMERIS BANCORP (ABCB): Free Stock Analysis Report ACCESS NATL CP (ANCX): Free Stock Analysis Report BANK OF KY FINL (BKYF): Free Stock Analysis Report S Y BANCORP INC (SYBT): Free Stock Analysis Report To read this article on Zacks.com click here. Ameris Bancorp ( ABCB ) was a big mover last session, as the company saw its shares rise more than 6% on the day. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Click to get this free report >> AMERIS BANCORP (ABCB): Free Stock Analysis Report ACCESS NATL CP (ANCX): Free Stock Analysis Report BANK OF KY FINL (BKYF): Free Stock Analysis Report S Y BANCORP INC (SYBT): Free Stock Analysis Report To read this article on Zacks.com click here. Ameris Bancorp ( ABCB ) was a big mover last session, as the company saw its shares rise more than 6% on the day. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris Bancorp ( ABCB ) was a big mover last session, as the company saw its shares rise more than 6% on the day. Click to get this free report >> AMERIS BANCORP (ABCB): Free Stock Analysis Report ACCESS NATL CP (ANCX): Free Stock Analysis Report BANK OF KY FINL (BKYF): Free Stock Analysis Report S Y BANCORP INC (SYBT): Free Stock Analysis Report To read this article on Zacks.com click here. Ameris Bancorp holds a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%. |
27981.0 | 2014-03-12 00:00:00 UTC | Ameris Bancorp (ABCB) Enters Overbought Territory - Tale of the Tape | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-abcb-enters-overbought-territory-tale-of-the-tape-2014-03-12 | nan | nan | Ameris Bancorp ( ABCB ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because ABCB is now in overbought territory with an RSI value of 77.9. Furthermore, Ameris Bancorp currently has a Zacks Rank #4 (Sell), suggesting that investors may want to consider exiting this stock now before it falls back to Earth.
AMERIS BANCORP (ABCB): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris Bancorp ( ABCB ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. AMERIS BANCORP (ABCB): Free Stock Analysis Report To read this article on Zacks.com click here. That is because ABCB is now in overbought territory with an RSI value of 77.9. | AMERIS BANCORP (ABCB): Free Stock Analysis Report To read this article on Zacks.com click here. Ameris Bancorp ( ABCB ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because ABCB is now in overbought territory with an RSI value of 77.9. | Ameris Bancorp ( ABCB ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. AMERIS BANCORP (ABCB): Free Stock Analysis Report To read this article on Zacks.com click here. That is because ABCB is now in overbought territory with an RSI value of 77.9. | Ameris Bancorp ( ABCB ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because ABCB is now in overbought territory with an RSI value of 77.9. AMERIS BANCORP (ABCB): Free Stock Analysis Report To read this article on Zacks.com click here. |
27982.0 | 2013-07-02 00:00:00 UTC | Regions Reiterated At Outperform - Analyst Blog | ABCB | https://www.nasdaq.com/articles/regions-reiterated-at-outperform-analyst-blog-2013-07-02 | nan | nan | On Jul 1, 2013, we reiterated our long-term recommendation on Regions Financial Corp. ( RF ) at Outperform based on its favorable funding mix, improved core business performance, its expansion mode and strategies along with the encouraging capital deployment activities. Additionally, significant improvement in its credit quality and control over non-interest expenses acted as positive catalysts.
Why Outperform?
Despite the macro pressure, Regions' credit quality continues to normalize. In spite of the slow and uneven pace of the economic recovery, the company experienced significant improvement in both 2011 and 2012 and thereafter. Further, the overall improving trend in delinquency rates and net charge-offs is impressive and the same is expected in the coming quarters.
Regions is in a relatively good shape from the capital perspective. As of Mar 31, 2013, the company's Tier 1 capital ratio was 12.38%, Tier 1 common ratio was 11.23% and leverage ratio was 10.1%, well above the regulatory requirements.
We view Regions as a sound asset for yield-seeking investors. In Apr 2013, the company increased its quarterly common stock dividend by 200% to 3 cents per share, following the Federal Reserve's approval. Further, it announced a share repurchase program under which it would be able to buy back shares worth up to $350 million through Mar 31, 2014.
Moreover, Regions' first-quarter 2013 earnings from continuing operations came in at 23 cents per share, marginally beating the Zacks Consensus Estimate by 3 cents. Results benefited from a fall in non-interest expenses, reflecting effective cost control measures.
For Regions, the Zacks Consensus Estimate for 2013 jumped 7.4% to 87 cents per share, over the last 90 days. For 2014, the Zacks Consensus Estimate advanced 4.8% to 88 cents per share, over the same time frame. Hence, Regions carries a Zacks Rank #2 (Buy).
Other Major Banks to Consider
Some other Southeast banks that are worth considering include Ameris Bancorp ( ABCB ), Home Bancshares, Inc. (Conway, AR) ( HOMB ) and Farmers Capital Bank Corporation ( FFKT ). All the 3 banks carry a Zacks Rank #1 (Strong Buy).
AMERIS BANCORP (ABCB): Free Stock Analysis Report
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REGIONS FINL CP (RF): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other Major Banks to Consider Some other Southeast banks that are worth considering include Ameris Bancorp ( ABCB ), Home Bancshares, Inc. (Conway, AR) ( HOMB ) and Farmers Capital Bank Corporation ( FFKT ). AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report HOME BANCSHARES (HOMB): Free Stock Analysis Report REGIONS FINL CP (RF): Free Stock Analysis Report To read this article on Zacks.com click here. On Jul 1, 2013, we reiterated our long-term recommendation on Regions Financial Corp. ( RF ) at Outperform based on its favorable funding mix, improved core business performance, its expansion mode and strategies along with the encouraging capital deployment activities. | Other Major Banks to Consider Some other Southeast banks that are worth considering include Ameris Bancorp ( ABCB ), Home Bancshares, Inc. (Conway, AR) ( HOMB ) and Farmers Capital Bank Corporation ( FFKT ). AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report HOME BANCSHARES (HOMB): Free Stock Analysis Report REGIONS FINL CP (RF): Free Stock Analysis Report To read this article on Zacks.com click here. As of Mar 31, 2013, the company's Tier 1 capital ratio was 12.38%, Tier 1 common ratio was 11.23% and leverage ratio was 10.1%, well above the regulatory requirements. | AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report HOME BANCSHARES (HOMB): Free Stock Analysis Report REGIONS FINL CP (RF): Free Stock Analysis Report To read this article on Zacks.com click here. Other Major Banks to Consider Some other Southeast banks that are worth considering include Ameris Bancorp ( ABCB ), Home Bancshares, Inc. (Conway, AR) ( HOMB ) and Farmers Capital Bank Corporation ( FFKT ). On Jul 1, 2013, we reiterated our long-term recommendation on Regions Financial Corp. ( RF ) at Outperform based on its favorable funding mix, improved core business performance, its expansion mode and strategies along with the encouraging capital deployment activities. | Other Major Banks to Consider Some other Southeast banks that are worth considering include Ameris Bancorp ( ABCB ), Home Bancshares, Inc. (Conway, AR) ( HOMB ) and Farmers Capital Bank Corporation ( FFKT ). AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report HOME BANCSHARES (HOMB): Free Stock Analysis Report REGIONS FINL CP (RF): Free Stock Analysis Report To read this article on Zacks.com click here. Additionally, significant improvement in its credit quality and control over non-interest expenses acted as positive catalysts. |
27983.0 | 2013-07-02 00:00:00 UTC | Prosperity to Acquire FVNB - Analyst Blog | ABCB | https://www.nasdaq.com/articles/prosperity-to-acquire-fvnb-analyst-blog-2013-07-02 | nan | nan | Continuing with its legacy of acquisitions, Prosperity Bancshares Inc. ( PB ) recently signed a definitive merger deal with Victoria, Texas-based FVNB Corp. and its fully owned subsidiary, First Victoria National Bank. According to the agreement, First Victoria National Bank, (comprising 34 banking branches), will merge with Prosperity Bank after completion of the transaction.
As per the deal, Prosperity will issue 5,570,818 shares of its common stock, along with $91.25 million cash for FVNB Corp's outstanding capital stock, subject to certain conditions and adjustments.
Additionally, the merger, approved by the board of directors of both the companies, is expected to be complete by this year end. However, the deal is yet to get the sanction of certain customary regulations and FVNB shareholders.
Upon completion of the acquisition, M. Russell Marshall, CEO of FVNB, will serve as the Chairman of Prosperity's Wealth Management/Private Banking, while Kenneth Vickers, Chief Lending Officer of FVNB, will be Senior EVP of the Executive Loan Committee. Further, John Zacek, EVP of the Victoria Region for FVNB, will become President of South Texas Area for Prosperity.
Notably, David Zalman, Chairman and CEO of Prosperity, stated that the merger with FVNB would contribute positively to the company's profitability in the long run. He banks upon the companies' sound knowledge of customer demand and expects the merged enterprise to deliver better services through improved and diversified financial products. Moreover, the merger will consolidate Prosperity's foothold in South Texas.
Acquisitions Reflect Earnings Power
From capital perspective, Prosperity is doing well owing to its earnings power. Acquisitions remain a vital part of the company's growth strategy. Over the years, the company has grown through acquiring banks and branches. Following four major deals in 2012, the company completed the merger of East Texas Financial Services Inc. in Jan 2013 as well as the merger of Coppermark Bancshares, Inc and the latter's fully-owned subsidiary, Coppermark Bank in Apr 2013.
We expect continued synergies from the ongoing acquisitions and organic growth to benefit Prosperity in the long term. However, a persistently low interest rate environment, slow economic growth rate, exposure to the real estate loan portfolio and stringent regulations are expected to dent the company's financials in the near term.
Prosperity currently carries a Zacks Rank #2 (Buy). Some better performing banks include Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and Home Bancshares, Inc. ( HOMB ). All of them carry a Zacks Rank #1(Strong Buy).
AMERIS BANCORP (ABCB): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Some better performing banks include Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and Home Bancshares, Inc. ( HOMB ). AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report HOME BANCSHARES (HOMB): Free Stock Analysis Report PROSPERITY BCSH (PB): Free Stock Analysis Report To read this article on Zacks.com click here. Further, John Zacek, EVP of the Victoria Region for FVNB, will become President of South Texas Area for Prosperity. | Some better performing banks include Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and Home Bancshares, Inc. ( HOMB ). AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report HOME BANCSHARES (HOMB): Free Stock Analysis Report PROSPERITY BCSH (PB): Free Stock Analysis Report To read this article on Zacks.com click here. According to the agreement, First Victoria National Bank, (comprising 34 banking branches), will merge with Prosperity Bank after completion of the transaction. | AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report HOME BANCSHARES (HOMB): Free Stock Analysis Report PROSPERITY BCSH (PB): Free Stock Analysis Report To read this article on Zacks.com click here. Some better performing banks include Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and Home Bancshares, Inc. ( HOMB ). Continuing with its legacy of acquisitions, Prosperity Bancshares Inc. ( PB ) recently signed a definitive merger deal with Victoria, Texas-based FVNB Corp. and its fully owned subsidiary, First Victoria National Bank. | Some better performing banks include Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and Home Bancshares, Inc. ( HOMB ). AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report HOME BANCSHARES (HOMB): Free Stock Analysis Report PROSPERITY BCSH (PB): Free Stock Analysis Report To read this article on Zacks.com click here. According to the agreement, First Victoria National Bank, (comprising 34 banking branches), will merge with Prosperity Bank after completion of the transaction. |
27984.0 | 2013-07-01 00:00:00 UTC | SY Bancorp Upgraded to Strong Buy - Analyst Blog | ABCB | https://www.nasdaq.com/articles/sy-bancorp-upgraded-to-strong-buy-analyst-blog-2013-07-01 | nan | nan | On Jun 29, Zacks Investment Research upgraded SY Bancorp Inc. ( SYBT ) to a Zacks Rank #1 (Strong Buy).
Why the Upgrade?
SY Bancorp has been witnessing rising earnings estimates due to the completion of an acquisition, and better-than-expected first-quarter results. Moreover, this regional bank has a long-term earnings growth forecast of 10.0%.
On May 1, SY Bancorp announced the closure of a deal to acquire La Grange, Ky.-based THE BANCorp, Inc. The deal, announced in Dec 2012, increased the company's footprint to 35 branches in 3 major metropolitan areas of Louisville, Indianapolis and Cincinnati. The cash-and-stock transaction is valued at roughly $19.9 million.
Additionally, in Apr 2013, SY Bancorp announced its first-quarter earnings of 49 cents per share, surpassing the Zacks Consensus estimate by nearly 9%. Results were driven by almost stable net interest and non-interest revenues, partially offset by a rise in operating expenses.
Notably, out of the past 4 quarters, SY Bancorp delivered positive earnings surprise in 2 quarters, while reporting in-line results for the other 2 quarters, with average beat of 6.6%. Moreover, during the last 60 days, the Zacks Consensus Estimate for 2013 increased 1.1% to $1.90 per share. For 2014, the Zacks Consensus Estimate has remained stable at $1.81 per share over the same time period.
Positive earnings surprises, along with favorable estimate revisions made way for the rank upgrade.
Other Stocks to Consider
Other stocks in the banking sector that are worth a look include Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and Home Bancshares, Inc. (Conway, AR) ( HOMB ) - all of which carry a Zacks Rank #1.
AMERIS BANCORP (ABCB): Free Stock Analysis Report
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S Y BANCORP INC (SYBT): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other Stocks to Consider Other stocks in the banking sector that are worth a look include Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and Home Bancshares, Inc. (Conway, AR) ( HOMB ) - all of which carry a Zacks Rank #1. AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report HOME BANCSHARES (HOMB): Free Stock Analysis Report S Y BANCORP INC (SYBT): Free Stock Analysis Report To read this article on Zacks.com click here. SY Bancorp has been witnessing rising earnings estimates due to the completion of an acquisition, and better-than-expected first-quarter results. | AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report HOME BANCSHARES (HOMB): Free Stock Analysis Report S Y BANCORP INC (SYBT): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Other stocks in the banking sector that are worth a look include Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and Home Bancshares, Inc. (Conway, AR) ( HOMB ) - all of which carry a Zacks Rank #1. On Jun 29, Zacks Investment Research upgraded SY Bancorp Inc. ( SYBT ) to a Zacks Rank #1 (Strong Buy). | AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report HOME BANCSHARES (HOMB): Free Stock Analysis Report S Y BANCORP INC (SYBT): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Other stocks in the banking sector that are worth a look include Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and Home Bancshares, Inc. (Conway, AR) ( HOMB ) - all of which carry a Zacks Rank #1. On Jun 29, Zacks Investment Research upgraded SY Bancorp Inc. ( SYBT ) to a Zacks Rank #1 (Strong Buy). | Other Stocks to Consider Other stocks in the banking sector that are worth a look include Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and Home Bancshares, Inc. (Conway, AR) ( HOMB ) - all of which carry a Zacks Rank #1. AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report HOME BANCSHARES (HOMB): Free Stock Analysis Report S Y BANCORP INC (SYBT): Free Stock Analysis Report To read this article on Zacks.com click here. On Jun 29, Zacks Investment Research upgraded SY Bancorp Inc. ( SYBT ) to a Zacks Rank #1 (Strong Buy). |
27985.0 | 2013-07-01 00:00:00 UTC | Home Bancshares Upped to Strong Buy - Analyst Blog | ABCB | https://www.nasdaq.com/articles/home-bancshares-upped-to-strong-buy-analyst-blog-2013-07-01 | nan | nan | On Jun 28, Zacks Investment Research upgraded Home Bancshares, Inc. (Conway, AR) ( HOMB ) to a Zacks Rank #1 (Strong Buy).
Why the Upgrade?
Home Bancshares has been witnessing rising earnings estimates on the back of strong first-quarter 2013 results and a recent dividend hike. Opportunistic acquisitions have also been growth drivers. Moreover, this commercial and consumer banking services provider has a year-over-year expected earnings growth rate of 15.0% for 2013.
On Jun 25, Home Bancshares and Liberty Bancshares, Inc. announced the signing of an agreement to merge permanently. Under the terms of the deal, shareholders of Liberty will receive $250 million of Home Bancshares's common shares plus $30 million in cash. The acquisition is expected to be complete in the third or fourth quarter of 2013, subject to regulatory approval.
Home Bancshares reported first-quarter results on Apr 18 with earnings per share of 64 cents, beating the year-ago number of 52 cents by 23.1%. The results were primarily aided by higher net interest income, reduced non-interest expenses and no provision for loan losses. Net interest income jumped 21% year over year to $44.3 million.
On the flipside, non-interest income fell 11% to $9.0 million. Moreover, non-interest expenses increased 6% year over year to $25.9 million.
Along with its earnings release, the company announced its board of directors' approval of a quarterly dividend of 15 cents per share, up 15% from the prior quarter amount. The new dividend was paid on Jun 5, 2013, to shareholders of record as on May 15, 2013. The board of directors has also declared a two-for-one stock split of its common stock payable in the form of a 100% stock dividend. The two-for-one stock split was executed on Jun 12, 2013.
Following first-quarter results, the Zacks Consensus Estimate for 2013 increased 1% to $1.28 per share over the last 60 days. For 2014, the Zacks Consensus Estimate advanced 8% to $1.44 per share.
Other Stocks to Consider
Apart from Home Bancshares, other stocks in the same sector with a Zacks Rank #1 include Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and First M&F Corporation ( FMFC ).
AMERIS BANCORP (ABCB): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other Stocks to Consider Apart from Home Bancshares, other stocks in the same sector with a Zacks Rank #1 include Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and First M&F Corporation ( FMFC ). AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report FIRST M & F CRP (FMFC): Get Free Report HOME BANCSHARES (HOMB): Free Stock Analysis Report To read this article on Zacks.com click here. Home Bancshares has been witnessing rising earnings estimates on the back of strong first-quarter 2013 results and a recent dividend hike. | Other Stocks to Consider Apart from Home Bancshares, other stocks in the same sector with a Zacks Rank #1 include Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and First M&F Corporation ( FMFC ). AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report FIRST M & F CRP (FMFC): Get Free Report HOME BANCSHARES (HOMB): Free Stock Analysis Report To read this article on Zacks.com click here. On Jun 28, Zacks Investment Research upgraded Home Bancshares, Inc. (Conway, AR) ( HOMB ) to a Zacks Rank #1 (Strong Buy). | Other Stocks to Consider Apart from Home Bancshares, other stocks in the same sector with a Zacks Rank #1 include Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and First M&F Corporation ( FMFC ). AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report FIRST M & F CRP (FMFC): Get Free Report HOME BANCSHARES (HOMB): Free Stock Analysis Report To read this article on Zacks.com click here. On Jun 28, Zacks Investment Research upgraded Home Bancshares, Inc. (Conway, AR) ( HOMB ) to a Zacks Rank #1 (Strong Buy). | Other Stocks to Consider Apart from Home Bancshares, other stocks in the same sector with a Zacks Rank #1 include Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and First M&F Corporation ( FMFC ). AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report FIRST M & F CRP (FMFC): Get Free Report HOME BANCSHARES (HOMB): Free Stock Analysis Report To read this article on Zacks.com click here. On Jun 28, Zacks Investment Research upgraded Home Bancshares, Inc. (Conway, AR) ( HOMB ) to a Zacks Rank #1 (Strong Buy). |
27986.0 | 2013-06-27 00:00:00 UTC | BOK Financial Reaffirmed at Neutral - Analyst Blog | ABCB | https://www.nasdaq.com/articles/bok-financial-reaffirmed-at-neutral-analyst-blog-2013-06-27 | nan | nan | On Jun 25, 2013, we reiterated our long term Neutral recommendation on BOK Financial Corp. ( BOKF ) primarily based on its improved credit quality metrics and prudent expense management. However, declining revenues were the downside.
Why Neutral?
Despite the macroeconomic pressure, BOK Financial's credit quality continues to normalize. Credit metrics consistently improved in 2012 as the overall financial condition of businesses and consumers strengthened and the housing market improved in many areas. Going forward, we expect asset quality to improve.
BOK Financial's first-quarter earnings of $1.28 per share beat the Zacks Consensus Estimate as well as the prior-quarter figure by 6%. Reduced net charge-offs and strong capital ratios were the positives for the quarter.
We are also impressed with the company's strategic acquisitions in the economically diverse markets, constituting the Southwest, Midwest and Rocky Mountain states. Notably, 64% of BOK Financial's consolidated net income for the first quarter of 2013 was derived from overseas markets.
Over the last 60 days, the Zacks Consensus Estimate for 2013 moved north by 4% to $4.88. For 2014, the Zacks Consensus Estimate rose 3% to $4.80 over the same time period. As a result, BOK Financial currently carries a Zacks Rank #2 (Buy).
However, we are concerned about the company's top-line growth and margins, which continue to be impacted by the low rate environment and sluggish economic recovery. Additionally, regulatory issues are expected to limit the company's flexibility with respect to business investments.
Other Banks Worth Considering
Other banks in the same sector that are worth considering include Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and First M&F Corporation ( FMFC ). All these 3 companies carry a Zacks Rank #1 (Strong Buy).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other Banks Worth Considering Other banks in the same sector that are worth considering include Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and First M&F Corporation ( FMFC ). AMERIS BANCORP (ABCB): Free Stock Analysis Report BOK FINL CORP (BOKF): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report FIRST M & F CRP (FMFC): Get Free Report To read this article on Zacks.com click here. On Jun 25, 2013, we reiterated our long term Neutral recommendation on BOK Financial Corp. ( BOKF ) primarily based on its improved credit quality metrics and prudent expense management. | Other Banks Worth Considering Other banks in the same sector that are worth considering include Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and First M&F Corporation ( FMFC ). AMERIS BANCORP (ABCB): Free Stock Analysis Report BOK FINL CORP (BOKF): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report FIRST M & F CRP (FMFC): Get Free Report To read this article on Zacks.com click here. All these 3 companies carry a Zacks Rank #1 (Strong Buy). | AMERIS BANCORP (ABCB): Free Stock Analysis Report BOK FINL CORP (BOKF): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report FIRST M & F CRP (FMFC): Get Free Report To read this article on Zacks.com click here. Other Banks Worth Considering Other banks in the same sector that are worth considering include Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and First M&F Corporation ( FMFC ). On Jun 25, 2013, we reiterated our long term Neutral recommendation on BOK Financial Corp. ( BOKF ) primarily based on its improved credit quality metrics and prudent expense management. | Other Banks Worth Considering Other banks in the same sector that are worth considering include Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and First M&F Corporation ( FMFC ). AMERIS BANCORP (ABCB): Free Stock Analysis Report BOK FINL CORP (BOKF): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report FIRST M & F CRP (FMFC): Get Free Report To read this article on Zacks.com click here. On Jun 25, 2013, we reiterated our long term Neutral recommendation on BOK Financial Corp. ( BOKF ) primarily based on its improved credit quality metrics and prudent expense management. |
27987.0 | 2013-06-25 00:00:00 UTC | Balanced View on First Horizon - Analyst Blog | ABCB | https://www.nasdaq.com/articles/balanced-view-on-first-horizon-analyst-blog-2013-06-25 | nan | nan | On Jun 24, 2013, we reiterated our Neutral recommendation on First Horizon National Corporation ( FHN ) primarily based on its improved credit quality metrics. However, declining revenues were the downside.
Why Neutral?
First Horizon's first-quarter earnings of 17 cents per share were in line with the Zacks Consensus Estimate, but beat the prior-quarter earnings by 42%. Lower non-interest expenses, reflecting the company's prudent expense management, drove the results. However, pressure on revenue growth persisted due to decline in both net interest and non-interest income. Further, higher provision for credit losses was a dampener.
Over the last 30 days, the Zacks Consensus Estimate for 2013 as well as for 2014 remained stable at 78 cents and 90 cents, respectively. As a result, First Horizon currently carries a Zacks Rank #3 (Hold).
Despite the macroeconomic pressure, First Horizon's credit quality continues to normalize. Credit metrics consistently improved in 2012 as the overall financial condition of businesses and consumers strengthened and the housing market improved in many areas. Going forward, we expect asset quality to improve with continuous reserve releases.
We are also impressed with the company's cost-control measures, which have aided in improving bottom-line performance amid the sluggish macroeconomic environment. Moreover, we believe that the company's solid capital levels will offer flexibility regarding capital deployment as well as other strategic acquisitions in Tennessee or its adjacent markets that will be accretive to growth.
However, First Horizon's mortgage repurchase issues remain an overhang on its earnings. We are also concerned about the company's top-line growth and margins, which continue to be impacted by the low rate environment and sluggish economic recovery.
Further, First Horizon's significant exposure to problem loan categories, such as industrial and commercial mortgage, is another problem. Additionally, regulatory issues will limit the company's flexibility with respect to business investments.
Other Banks Worth Considering
Better performing banks include Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and First M&F Corporation ( FMFC ), all of which carry a Zacks Rank #1 (Strong Buy).
AMERIS BANCORP (ABCB): Free Stock Analysis Report
FARMERS CAP KY (FFKT): Free Stock Analysis Report
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FIRST M & F CRP (FMFC): Get Free Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other Banks Worth Considering Better performing banks include Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and First M&F Corporation ( FMFC ), all of which carry a Zacks Rank #1 (Strong Buy). AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report FIRST HRZN NATL (FHN): Free Stock Analysis Report FIRST M & F CRP (FMFC): Get Free Report To read this article on Zacks.com click here. On Jun 24, 2013, we reiterated our Neutral recommendation on First Horizon National Corporation ( FHN ) primarily based on its improved credit quality metrics. | Other Banks Worth Considering Better performing banks include Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and First M&F Corporation ( FMFC ), all of which carry a Zacks Rank #1 (Strong Buy). AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report FIRST HRZN NATL (FHN): Free Stock Analysis Report FIRST M & F CRP (FMFC): Get Free Report To read this article on Zacks.com click here. Despite the macroeconomic pressure, First Horizon's credit quality continues to normalize. | Other Banks Worth Considering Better performing banks include Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and First M&F Corporation ( FMFC ), all of which carry a Zacks Rank #1 (Strong Buy). AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report FIRST HRZN NATL (FHN): Free Stock Analysis Report FIRST M & F CRP (FMFC): Get Free Report To read this article on Zacks.com click here. On Jun 24, 2013, we reiterated our Neutral recommendation on First Horizon National Corporation ( FHN ) primarily based on its improved credit quality metrics. | Other Banks Worth Considering Better performing banks include Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and First M&F Corporation ( FMFC ), all of which carry a Zacks Rank #1 (Strong Buy). AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report FIRST HRZN NATL (FHN): Free Stock Analysis Report FIRST M & F CRP (FMFC): Get Free Report To read this article on Zacks.com click here. On Jun 24, 2013, we reiterated our Neutral recommendation on First Horizon National Corporation ( FHN ) primarily based on its improved credit quality metrics. |
27988.0 | 2013-06-24 00:00:00 UTC | Strong Buy on Pinnacle Financial - Analyst Blog | ABCB | https://www.nasdaq.com/articles/strong-buy-on-pinnacle-financial-analyst-blog-2013-06-24 | nan | nan | Zacks Investment Research upgraded Pinnacle Financial Partners, Inc. ( PNFP ) to a Zacks Rank #1 (Strong Buy) on Jun 20, 2013.
Why the Upgrade?
Shares of Pinnacle Financial have grown 15.3% since this financial services firm reported impressive results for the first quarter of 2013. Earnings per share came in at 39 cents, way above 21 cents in the year-ago quarter and 18.2% above the Zacks Consensus Estimate of 33 cents.
Interest income grew 2.9% year over year while a decline of 30.4% was recorded in interest expense. Overall, net interest income after provision for loan losses increased 5.5% in the quarter. Talking of the non interest income and expenses, the former increased by 19.6% while the latter fell 9.4% year over year. Pre-tax income grew roughly 59.1% in the quarter.
Exiting the quarter, Pinnacle Financial had cash and cash equivalents of $99.6 million while its loan (net of loan losses allowance) balance was approximately $3.7 billion. Total deposits were roughly $3.9 billion, including 20.2% of interest bearing deposits and 25.0% of non interest bearing deposits.
Pinnacle Financial's solid quarter results as well as positive earnings surprise in the trailing four quarters with an average of 10.2%, raise our optimism for the company's better results. The Zacks Consensus Estimate for 2013 and 2014 currently is at $1.58 and $1.69, representing an increase of 12.1% and 9.7%, respectively, in the last 90 days.
Other Stocks to Consider
Pinnacle Financial currently has an $857 million market capitalization. Other stocks that are worth a look in the industry are Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and First M&F Corporation ( FMFC ), each has a Zacks Rank #1 (Strong Buy).
AMERIS BANCORP (ABCB): Free Stock Analysis Report
FARMERS CAP KY (FFKT): Free Stock Analysis Report
FIRST M & F CRP (FMFC): Get Free Report
PINNACLE FIN PT (PNFP): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other stocks that are worth a look in the industry are Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and First M&F Corporation ( FMFC ), each has a Zacks Rank #1 (Strong Buy). AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report FIRST M & F CRP (FMFC): Get Free Report PINNACLE FIN PT (PNFP): Free Stock Analysis Report To read this article on Zacks.com click here. Overall, net interest income after provision for loan losses increased 5.5% in the quarter. | Other stocks that are worth a look in the industry are Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and First M&F Corporation ( FMFC ), each has a Zacks Rank #1 (Strong Buy). AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report FIRST M & F CRP (FMFC): Get Free Report PINNACLE FIN PT (PNFP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research upgraded Pinnacle Financial Partners, Inc. ( PNFP ) to a Zacks Rank #1 (Strong Buy) on Jun 20, 2013. | AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report FIRST M & F CRP (FMFC): Get Free Report PINNACLE FIN PT (PNFP): Free Stock Analysis Report To read this article on Zacks.com click here. Other stocks that are worth a look in the industry are Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and First M&F Corporation ( FMFC ), each has a Zacks Rank #1 (Strong Buy). Zacks Investment Research upgraded Pinnacle Financial Partners, Inc. ( PNFP ) to a Zacks Rank #1 (Strong Buy) on Jun 20, 2013. | Other stocks that are worth a look in the industry are Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and First M&F Corporation ( FMFC ), each has a Zacks Rank #1 (Strong Buy). AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report FIRST M & F CRP (FMFC): Get Free Report PINNACLE FIN PT (PNFP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research upgraded Pinnacle Financial Partners, Inc. ( PNFP ) to a Zacks Rank #1 (Strong Buy) on Jun 20, 2013. |
27989.0 | 2013-06-10 00:00:00 UTC | First Horizon in Expansion Mode - Analyst Blog | ABCB | https://www.nasdaq.com/articles/first-horizon-in-expansion-mode-analyst-blog-2013-06-10 | nan | nan | On Friday, First Tennessee Bank National Association, the regional banking group of First Horizon National Corporation ( FHN ), took over all the assets and deposits of Mountain National Bank of Sevierville, Tenn., from the Federal Deposit Insurance Corporation (FDIC). Notably, as of Mar 31, 2013, Mountain National Bank had assets worth about $437 million and approximately $373 million of deposits.
Following the acquisition, the 12 branches of Mountain National reopened as First Tennessee financial centers. Moreover, the customers will receive uninterrupted services as usual through new management. Though the integration of the two banks is expected to take some time, customers are free to carry on with their banking activities as usual.
The acquisition of Mountain National Bank will further solidify First Horizon's well-established position in Tenn. First Horizon is looking forward to initiating its relationship with new customers and employees and is hopeful of furnishing the new clients with quality customer service.
Earlier in Mar 2013, First Tennessee Bank announced that it will strategically expand its footprint and develop its services in N.C., S.C. and Va. Previously, First Tennessee Bank forayed into the Mid-Atlantic Region to recreate the success of the existing locations in West, Middle and East Tennessee. The regional bank is focused on opportunistically diversifying its footprints in regions with vast growth potential to combat declining revenues.
Notably, in first-quarter 2013, First Horizon reported total revenue of $317.8 million, missing the Zacks Consensus Estimate of $330.0 million. Moreover, revenues fell 15% from the year-ago quarter.
Currently, First Horizon holds a Zacks Rank #3 (Hold). Some well performing Southwest banks that are worth considering include Community Trust Bancorp Inc. ( CTBI ), American National Bankshares Inc. ( AMNB ) and Ameris Bancorp ( ABCB ). All the 3 banks carry a Zacks Rank #1 (Strong Buy).
AMERIS BANCORP (ABCB): Free Stock Analysis Report
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FIRST HRZN NATL (FHN): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Some well performing Southwest banks that are worth considering include Community Trust Bancorp Inc. ( CTBI ), American National Bankshares Inc. ( AMNB ) and Ameris Bancorp ( ABCB ). AMERIS BANCORP (ABCB): Free Stock Analysis Report AMER NATL BNKSH (AMNB): Free Stock Analysis Report COMMUN TRUST BC (CTBI): Free Stock Analysis Report FIRST HRZN NATL (FHN): Free Stock Analysis Report To read this article on Zacks.com click here. Following the acquisition, the 12 branches of Mountain National reopened as First Tennessee financial centers. | AMERIS BANCORP (ABCB): Free Stock Analysis Report AMER NATL BNKSH (AMNB): Free Stock Analysis Report COMMUN TRUST BC (CTBI): Free Stock Analysis Report FIRST HRZN NATL (FHN): Free Stock Analysis Report To read this article on Zacks.com click here. Some well performing Southwest banks that are worth considering include Community Trust Bancorp Inc. ( CTBI ), American National Bankshares Inc. ( AMNB ) and Ameris Bancorp ( ABCB ). On Friday, First Tennessee Bank National Association, the regional banking group of First Horizon National Corporation ( FHN ), took over all the assets and deposits of Mountain National Bank of Sevierville, Tenn., from the Federal Deposit Insurance Corporation (FDIC). | AMERIS BANCORP (ABCB): Free Stock Analysis Report AMER NATL BNKSH (AMNB): Free Stock Analysis Report COMMUN TRUST BC (CTBI): Free Stock Analysis Report FIRST HRZN NATL (FHN): Free Stock Analysis Report To read this article on Zacks.com click here. Some well performing Southwest banks that are worth considering include Community Trust Bancorp Inc. ( CTBI ), American National Bankshares Inc. ( AMNB ) and Ameris Bancorp ( ABCB ). On Friday, First Tennessee Bank National Association, the regional banking group of First Horizon National Corporation ( FHN ), took over all the assets and deposits of Mountain National Bank of Sevierville, Tenn., from the Federal Deposit Insurance Corporation (FDIC). | Some well performing Southwest banks that are worth considering include Community Trust Bancorp Inc. ( CTBI ), American National Bankshares Inc. ( AMNB ) and Ameris Bancorp ( ABCB ). AMERIS BANCORP (ABCB): Free Stock Analysis Report AMER NATL BNKSH (AMNB): Free Stock Analysis Report COMMUN TRUST BC (CTBI): Free Stock Analysis Report FIRST HRZN NATL (FHN): Free Stock Analysis Report To read this article on Zacks.com click here. On Friday, First Tennessee Bank National Association, the regional banking group of First Horizon National Corporation ( FHN ), took over all the assets and deposits of Mountain National Bank of Sevierville, Tenn., from the Federal Deposit Insurance Corporation (FDIC). |
27990.0 | 2013-06-04 00:00:00 UTC | BNC Bancorp Touches New 52-Week High - Analyst Blog | ABCB | https://www.nasdaq.com/articles/bnc-bancorp-touches-new-52-week-high-analyst-blog-2013-06-04 | nan | nan | Shares of BNC Bancorp ( BNCN ) crafted a new 52-week high, touching $11.32 in the first half of the trading session on Jun 3, 2013. The closing price of this financial holding company represents a solid year-to-date return of 39.6%. The trading volume over the last 3 months was 26,617 shares.
Despite hitting its 52-week high, this Zacks Rank #2 (Buy) stock has plenty of upside left given its strong estimate revisions over the last 30 days and expected year-over-year earnings growth of 17.41% for 2013.
Growth Drivers
Impressive first-quarter 2013 results - including an earnings surprise of 7.69% - and its series of acquisitions were the primary growth drivers.
On May 31, 2013, BNC Bancorp entered into a definitive agreement with Randolph Bank & Trust Company ( RDBN ) to acquire the latter. The deal has been valued at $10.4 million.
On Apr 29, 2013, BNC Bancorp reported adjusted first-quarter 2013 earnings of 14 cents per share, surpassing the Zacks Consensus Estimate of 13 cents and the prior-year quarter earnings of 11 cents. Better-than-expected results were aided by top-line growth and a decline in operating expenses.
Moreover, the company has delivered positive earnings surprises in the last 4 quarters with an average beat of 40.12%.
Estimate Revisions Show Potency
Over the last 30 days, the Zacks Consensus Estimate has remained stable at $0.66 per share. However, for 2014, the Zacks Consensus Estimate has advanced 3.3% to $0.95 per share.
Other banks that are also worth considering include American National Bankshares Inc . ( AMNB ) and Ameris Bancorp ( ABCB ). Both these companies carry a Zacks Rank #1 (Strong Buy).
AMERIS BANCORP (ABCB): Free Stock Analysis Report
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BNC BANCORP (BNCN): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ( AMNB ) and Ameris Bancorp ( ABCB ). AMERIS BANCORP (ABCB): Free Stock Analysis Report AMER NATL BNKSH (AMNB): Free Stock Analysis Report BNC BANCORP (BNCN): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of BNC Bancorp ( BNCN ) crafted a new 52-week high, touching $11.32 in the first half of the trading session on Jun 3, 2013. | AMERIS BANCORP (ABCB): Free Stock Analysis Report AMER NATL BNKSH (AMNB): Free Stock Analysis Report BNC BANCORP (BNCN): Free Stock Analysis Report To read this article on Zacks.com click here. ( AMNB ) and Ameris Bancorp ( ABCB ). Growth Drivers Impressive first-quarter 2013 results - including an earnings surprise of 7.69% - and its series of acquisitions were the primary growth drivers. | AMERIS BANCORP (ABCB): Free Stock Analysis Report AMER NATL BNKSH (AMNB): Free Stock Analysis Report BNC BANCORP (BNCN): Free Stock Analysis Report To read this article on Zacks.com click here. ( AMNB ) and Ameris Bancorp ( ABCB ). Despite hitting its 52-week high, this Zacks Rank #2 (Buy) stock has plenty of upside left given its strong estimate revisions over the last 30 days and expected year-over-year earnings growth of 17.41% for 2013. | ( AMNB ) and Ameris Bancorp ( ABCB ). AMERIS BANCORP (ABCB): Free Stock Analysis Report AMER NATL BNKSH (AMNB): Free Stock Analysis Report BNC BANCORP (BNCN): Free Stock Analysis Report To read this article on Zacks.com click here. Despite hitting its 52-week high, this Zacks Rank #2 (Buy) stock has plenty of upside left given its strong estimate revisions over the last 30 days and expected year-over-year earnings growth of 17.41% for 2013. |
27991.0 | 2013-05-23 00:00:00 UTC | Farmers Capital Bank Upped to Strong Buy - Analyst Blog | ABCB | https://www.nasdaq.com/articles/farmers-capital-bank-upped-to-strong-buy-analyst-blog-2013-05-23 | nan | nan | On May 22, Zacks Investment Research upgraded Farmers Capital Bank Corporation ( FFKT ) to a Zacks Rank #1 (Strong Buy).
Why the Upgrade?
Farmers Capital Bank has been witnessing rising earnings estimates on the back of strong first-quarter 2013 results. Moreover, this well-known banking and financial services provider delivered positive earnings surprises in the last 4 quarters with an average beat of 208.4%. The long-term expected earnings growth rate for this stock is 5%.
Farmers Capital Bank reported its first-quarter results on Apr 17 with earnings per share of 44 cents, substantially beating the Zacks Consensus Estimate of 20 cents and the year-ago earnings of 38 cents by 15.8%. Robust results for the reported quarter were primarily aided by higher net interest income, reduced non-interest expenses and benefit from loan losses.
Net interest income jumped 3% year over year to $13.6 million. Net interest margin was 3.44%, up 30 basis points as compared with the year-ago quarter. Benefit from loan losses stood at $0.6 million as compared with the provision of $1.0 million in the prior-year quarter.
Non-interest expense dipped 0.7% from the year-ago period to $14.5 million. However, on the downside, non-interest income decreased 10% to $5.4 million.
Credit quality continues to exhibit an improvement. Nonperforming loans were $54.6 million, waning 30.9% year over year. Nonperforming assets were $103.7 million, down 14.1% year over year.
Following first-quarter 2013 results for Farmers Capital Bank, the Zacks Consensus Estimate for 2013 increased 26.7% to $1.09 per share over the last 60 days. For 2014, the Zacks Consensus Estimate advanced 24.1% to 98 cents per share.
Other Stocks to Consider
Besides Farmers Capital Bank, other stocks in the same sector with a Zacks Rank #1 include Ameris Bancorp ( ABCB ), American National Bankshares Inc. ( AMNB ) and First M&F Corporation ( FMFC ).
AMERIS BANCORP (ABCB): Free Stock Analysis Report
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FIRST M & F CRP (FMFC): Get Free Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other Stocks to Consider Besides Farmers Capital Bank, other stocks in the same sector with a Zacks Rank #1 include Ameris Bancorp ( ABCB ), American National Bankshares Inc. ( AMNB ) and First M&F Corporation ( FMFC ). AMERIS BANCORP (ABCB): Free Stock Analysis Report AMER NATL BNKSH (AMNB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report FIRST M & F CRP (FMFC): Get Free Report To read this article on Zacks.com click here. Farmers Capital Bank has been witnessing rising earnings estimates on the back of strong first-quarter 2013 results. | AMERIS BANCORP (ABCB): Free Stock Analysis Report AMER NATL BNKSH (AMNB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report FIRST M & F CRP (FMFC): Get Free Report To read this article on Zacks.com click here. Other Stocks to Consider Besides Farmers Capital Bank, other stocks in the same sector with a Zacks Rank #1 include Ameris Bancorp ( ABCB ), American National Bankshares Inc. ( AMNB ) and First M&F Corporation ( FMFC ). On May 22, Zacks Investment Research upgraded Farmers Capital Bank Corporation ( FFKT ) to a Zacks Rank #1 (Strong Buy). | AMERIS BANCORP (ABCB): Free Stock Analysis Report AMER NATL BNKSH (AMNB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report FIRST M & F CRP (FMFC): Get Free Report To read this article on Zacks.com click here. Other Stocks to Consider Besides Farmers Capital Bank, other stocks in the same sector with a Zacks Rank #1 include Ameris Bancorp ( ABCB ), American National Bankshares Inc. ( AMNB ) and First M&F Corporation ( FMFC ). On May 22, Zacks Investment Research upgraded Farmers Capital Bank Corporation ( FFKT ) to a Zacks Rank #1 (Strong Buy). | Other Stocks to Consider Besides Farmers Capital Bank, other stocks in the same sector with a Zacks Rank #1 include Ameris Bancorp ( ABCB ), American National Bankshares Inc. ( AMNB ) and First M&F Corporation ( FMFC ). AMERIS BANCORP (ABCB): Free Stock Analysis Report AMER NATL BNKSH (AMNB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report FIRST M & F CRP (FMFC): Get Free Report To read this article on Zacks.com click here. On May 22, Zacks Investment Research upgraded Farmers Capital Bank Corporation ( FFKT ) to a Zacks Rank #1 (Strong Buy). |
27992.0 | 2013-05-23 00:00:00 UTC | Regions Hits New 52-Week High - Analyst Blog | ABCB | https://www.nasdaq.com/articles/regions-hits-new-52-week-high-analyst-blog-2013-05-23 | nan | nan | Shares of Regions Financial Corporation ( RF ) crafted a new 52-week high, touching $9.34 in the beginning of the trading session on May 22. The closing price of this financial services provider represents a solid year-to-date return of 23.6%. The trading volume for the session was 16.3 million shares, substantially higher than the average 14.6 million over the last 3 months.
Despite hitting its 52-week high, this Zacks Rank #2 (Buy) stock has plenty of upside left, given its strong estimate revisions over the last 30 days and expected year-over-year earnings growth of 10.0% for 2013.
Growth Drivers
Impressive first-quarter 2013 results - including an earnings surprise of 15.0% and reduced provision for loan losses - as well as approval of the capital plan under the 2013 Comprehensive Capital Analysis and Review (CCAR) were the primary growth drivers for Regions.
On Apr 23, Regions reported its first-quarter earnings from continuing operations of 23 cents per share, marginally beating the Zacks Consensus Estimate by 3 cents. Moreover, results beat the prior-quarter earnings by a penny.
Results benefited from a fall in non-interest expenses, reflecting effective cost control measures. Moreover, fall in provision for loan losses, strong capital position, improved funding mix and HARP II loan production were the tailwinds for the quarter.
Moreover, Regions has now delivered positive earnings surprises in the last 4 quarters with an average beat of 19.5%.
Estimate Revisions Show Potency
Over the last 30 days, 12 of the 17 estimates for 2013 have been revised upward for Regions, lifting the Zacks Consensus Estimate by 6.2% to 86 cents per share. For 2013, 6 of the 16 estimates moved north, helping the Zacks Consensus Estimate advance 3.5% to 88 cents per share.
Some better performing Southeast banks include Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and First M&F Corporation ( FMFC ). All these carry a Zacks Rank #1 (Strong Buy).
AMERIS BANCORP (ABCB): Free Stock Analysis Report
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REGIONS FINL CP (RF): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Some better performing Southeast banks include Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and First M&F Corporation ( FMFC ). AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report FIRST M & F CRP (FMFC): Get Free Report REGIONS FINL CP (RF): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Regions Financial Corporation ( RF ) crafted a new 52-week high, touching $9.34 in the beginning of the trading session on May 22. | Some better performing Southeast banks include Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and First M&F Corporation ( FMFC ). AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report FIRST M & F CRP (FMFC): Get Free Report REGIONS FINL CP (RF): Free Stock Analysis Report To read this article on Zacks.com click here. Growth Drivers Impressive first-quarter 2013 results - including an earnings surprise of 15.0% and reduced provision for loan losses - as well as approval of the capital plan under the 2013 Comprehensive Capital Analysis and Review (CCAR) were the primary growth drivers for Regions. | AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report FIRST M & F CRP (FMFC): Get Free Report REGIONS FINL CP (RF): Free Stock Analysis Report To read this article on Zacks.com click here. Some better performing Southeast banks include Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and First M&F Corporation ( FMFC ). On Apr 23, Regions reported its first-quarter earnings from continuing operations of 23 cents per share, marginally beating the Zacks Consensus Estimate by 3 cents. | Some better performing Southeast banks include Ameris Bancorp ( ABCB ), Farmers Capital Bank Corporation ( FFKT ) and First M&F Corporation ( FMFC ). AMERIS BANCORP (ABCB): Free Stock Analysis Report FARMERS CAP KY (FFKT): Free Stock Analysis Report FIRST M & F CRP (FMFC): Get Free Report REGIONS FINL CP (RF): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Regions Financial Corporation ( RF ) crafted a new 52-week high, touching $9.34 in the beginning of the trading session on May 22. |
27993.0 | 2013-05-07 00:00:00 UTC | Zacks #1 Rank Additions for Tuesday - Tale of the Tape | ABCB | https://www.nasdaq.com/articles/zacks-1-rank-additions-for-tuesday-tale-of-the-tape-2013-05-07 | nan | nan | Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today:
Alleghany Corp ( Y )
AllianceBernstein Holding LP ( AB )
Ameris Bancorp ( ABCB )
AMN Healthcare Services, Inc. ( AHS )
ARC RESOURCES LTD. ( AETUF )
View the entire Zacks #1 Rank List .
ALLIANCEBERNSTN (AB): Free Stock Analysis Report
AMERIS BANCORP (ABCB): Free Stock Analysis Report
ARC RESOURCES (AETUF): Get Free Report
AMN HLTHCR SVCS (AHS): Free Stock Analysis Report
ALLEGHANY CORP (Y): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Alleghany Corp ( Y ) AllianceBernstein Holding LP ( AB ) Ameris Bancorp ( ABCB ) AMN Healthcare Services, Inc. ( AHS ) ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMERIS BANCORP (ABCB): Free Stock Analysis Report ARC RESOURCES (AETUF): Get Free Report AMN HLTHCR SVCS (AHS): Free Stock Analysis Report ALLEGHANY CORP (Y): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Alleghany Corp ( Y ) AllianceBernstein Holding LP ( AB ) Ameris Bancorp ( ABCB ) AMN Healthcare Services, Inc. ( AHS ) ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMERIS BANCORP (ABCB): Free Stock Analysis Report ARC RESOURCES (AETUF): Get Free Report AMN HLTHCR SVCS (AHS): Free Stock Analysis Report ALLEGHANY CORP (Y): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMERIS BANCORP (ABCB): Free Stock Analysis Report ARC RESOURCES (AETUF): Get Free Report AMN HLTHCR SVCS (AHS): Free Stock Analysis Report ALLEGHANY CORP (Y): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Alleghany Corp ( Y ) AllianceBernstein Holding LP ( AB ) Ameris Bancorp ( ABCB ) AMN Healthcare Services, Inc. ( AHS ) Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Alleghany Corp ( Y ) AllianceBernstein Holding LP ( AB ) Ameris Bancorp ( ABCB ) AMN Healthcare Services, Inc. ( AHS ) ALLIANCEBERNSTN (AB): Free Stock Analysis Report AMERIS BANCORP (ABCB): Free Stock Analysis Report ARC RESOURCES (AETUF): Get Free Report AMN HLTHCR SVCS (AHS): Free Stock Analysis Report ALLEGHANY CORP (Y): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. |
27994.0 | 2013-02-13 00:00:00 UTC | Zacks Rank #1 Addition for Wednesday - Tale of the Tape | ABCB | https://www.nasdaq.com/articles/zacks-rank-1-addition-for-wednesday-tale-of-the-tape-2013-02-13 | nan | nan | Here are 5 stocks added to the Zacks Rank #1 ("strong buy") List today:
AG Mortgage Investment Trust Inc. ( MITT )
American National BankShares Inc. ( AMNB )
Ameris Bancorp. ( ABCB )
Amtrust Financial Services, Inc. ( AFSI )
Badger Meter, Inc. ( BMI )
View the entire Zacks Rank #1 List .
AMERIS BANCORP (ABCB): Free Stock Analysis Report
AMTRUST FIN SVC (AFSI): Free Stock Analysis Report
AMER NATL BNKSH (AMNB): Free Stock Analysis Report
BADGER METER (BMI): Free Stock Analysis Report
AG MORTGAGE INV (MITT): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ( ABCB ) Amtrust Financial Services, Inc. ( AFSI ) Badger Meter, Inc. ( BMI ) View the entire Zacks Rank #1 List . AMERIS BANCORP (ABCB): Free Stock Analysis Report AMTRUST FIN SVC (AFSI): Free Stock Analysis Report AMER NATL BNKSH (AMNB): Free Stock Analysis Report BADGER METER (BMI): Free Stock Analysis Report AG MORTGAGE INV (MITT): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #1 ("strong buy") List today: AG Mortgage Investment Trust Inc. ( MITT ) American National BankShares Inc. ( AMNB ) Ameris Bancorp. | ( ABCB ) Amtrust Financial Services, Inc. ( AFSI ) Badger Meter, Inc. ( BMI ) View the entire Zacks Rank #1 List . AMERIS BANCORP (ABCB): Free Stock Analysis Report AMTRUST FIN SVC (AFSI): Free Stock Analysis Report AMER NATL BNKSH (AMNB): Free Stock Analysis Report BADGER METER (BMI): Free Stock Analysis Report AG MORTGAGE INV (MITT): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #1 ("strong buy") List today: AG Mortgage Investment Trust Inc. ( MITT ) American National BankShares Inc. ( AMNB ) Ameris Bancorp. | AMERIS BANCORP (ABCB): Free Stock Analysis Report AMTRUST FIN SVC (AFSI): Free Stock Analysis Report AMER NATL BNKSH (AMNB): Free Stock Analysis Report BADGER METER (BMI): Free Stock Analysis Report AG MORTGAGE INV (MITT): Free Stock Analysis Report To read this article on Zacks.com click here. ( ABCB ) Amtrust Financial Services, Inc. ( AFSI ) Badger Meter, Inc. ( BMI ) View the entire Zacks Rank #1 List . Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ( ABCB ) Amtrust Financial Services, Inc. ( AFSI ) Badger Meter, Inc. ( BMI ) View the entire Zacks Rank #1 List . AMERIS BANCORP (ABCB): Free Stock Analysis Report AMTRUST FIN SVC (AFSI): Free Stock Analysis Report AMER NATL BNKSH (AMNB): Free Stock Analysis Report BADGER METER (BMI): Free Stock Analysis Report AG MORTGAGE INV (MITT): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #1 ("strong buy") List today: AG Mortgage Investment Trust Inc. ( MITT ) American National BankShares Inc. ( AMNB ) Ameris Bancorp. |
27995.0 | 2013-02-06 00:00:00 UTC | Zacks Rank #1 Addition for Wednesday - Tale of the Tape | ABCB | https://www.nasdaq.com/articles/zacks-rank-1-addition-for-wednesday-tale-of-the-tape-2013-02-06 | nan | nan | Here are 5 stocks added to the Zacks Rank #1 ("strong buy") List today:
AEterna Zentaris Inc. ( AEZS )
Agenus Inc. ( AGEN )
Alkermes Plc ( ALKS )
American Railcar Industries, Inc. ( ARII )
Ameris Bancorp. ( ABCB )
View the entire Zacks Rank #1 List .
AMERIS BANCORP (ABCB): Free Stock Analysis Report
AETERNA ZENTARS (AEZS): Free Stock Analysis Report
AGENUS INC (AGEN): Free Stock Analysis Report
ALKERMES INC (ALKS): Free Stock Analysis Report
AMER RAILCAR (ARII): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ( ABCB ) View the entire Zacks Rank #1 List . AMERIS BANCORP (ABCB): Free Stock Analysis Report AETERNA ZENTARS (AEZS): Free Stock Analysis Report AGENUS INC (AGEN): Free Stock Analysis Report ALKERMES INC (ALKS): Free Stock Analysis Report AMER RAILCAR (ARII): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #1 ("strong buy") List today: AEterna Zentaris Inc. ( AEZS ) Agenus Inc. ( AGEN ) Alkermes Plc ( ALKS ) American Railcar Industries, Inc. ( ARII ) Ameris Bancorp. | AMERIS BANCORP (ABCB): Free Stock Analysis Report AETERNA ZENTARS (AEZS): Free Stock Analysis Report AGENUS INC (AGEN): Free Stock Analysis Report ALKERMES INC (ALKS): Free Stock Analysis Report AMER RAILCAR (ARII): Free Stock Analysis Report To read this article on Zacks.com click here. ( ABCB ) View the entire Zacks Rank #1 List . Here are 5 stocks added to the Zacks Rank #1 ("strong buy") List today: AEterna Zentaris Inc. ( AEZS ) Agenus Inc. ( AGEN ) Alkermes Plc ( ALKS ) American Railcar Industries, Inc. ( ARII ) Ameris Bancorp. | AMERIS BANCORP (ABCB): Free Stock Analysis Report AETERNA ZENTARS (AEZS): Free Stock Analysis Report AGENUS INC (AGEN): Free Stock Analysis Report ALKERMES INC (ALKS): Free Stock Analysis Report AMER RAILCAR (ARII): Free Stock Analysis Report To read this article on Zacks.com click here. ( ABCB ) View the entire Zacks Rank #1 List . Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ( ABCB ) View the entire Zacks Rank #1 List . AMERIS BANCORP (ABCB): Free Stock Analysis Report AETERNA ZENTARS (AEZS): Free Stock Analysis Report AGENUS INC (AGEN): Free Stock Analysis Report ALKERMES INC (ALKS): Free Stock Analysis Report AMER RAILCAR (ARII): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #1 ("strong buy") List today: AEterna Zentaris Inc. ( AEZS ) Agenus Inc. ( AGEN ) Alkermes Plc ( ALKS ) American Railcar Industries, Inc. ( ARII ) Ameris Bancorp. |
27996.0 | 2012-05-23 00:00:00 UTC | Zacks #5 Rank Additions for Wednesday - Tale of the Tape | ABCB | https://www.nasdaq.com/articles/zacks-5-rank-additions-for-wednesday-tale-of-the-tape-2012-05-23 | nan | nan | Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today:
Accuride Corp. ( ACW )
Allianz SE (ADR) ( AZSEY )
American Science & Engineering, Inc. ( ASEI )
Ameris Bancorp ( ABCB )
Anika Therapeutics, Inc. ( ANIK )
View the entire Zacks #5 Rank List .
AMERIS BANCORP (ABCB): Free Stock Analysis Report
ACCURIDE CORP (ACW): Free Stock Analysis Report
ANIKA THERAPEUT (ANIK): Free Stock Analysis Report
AMER SCI & ENG (ASEI): Free Stock Analysis Report
ALLIANZ AG-ADR (AZSEY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Accuride Corp. ( ACW ) Allianz SE (ADR) ( AZSEY ) American Science & Engineering, Inc. ( ASEI ) Ameris Bancorp ( ABCB ) Anika Therapeutics, Inc. ( ANIK ) View the entire Zacks #5 Rank List . AMERIS BANCORP (ABCB): Free Stock Analysis Report ACCURIDE CORP (ACW): Free Stock Analysis Report ANIKA THERAPEUT (ANIK): Free Stock Analysis Report AMER SCI & ENG (ASEI): Free Stock Analysis Report ALLIANZ AG-ADR (AZSEY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Accuride Corp. ( ACW ) Allianz SE (ADR) ( AZSEY ) American Science & Engineering, Inc. ( ASEI ) Ameris Bancorp ( ABCB ) Anika Therapeutics, Inc. ( ANIK ) View the entire Zacks #5 Rank List . AMERIS BANCORP (ABCB): Free Stock Analysis Report ACCURIDE CORP (ACW): Free Stock Analysis Report ANIKA THERAPEUT (ANIK): Free Stock Analysis Report AMER SCI & ENG (ASEI): Free Stock Analysis Report ALLIANZ AG-ADR (AZSEY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Accuride Corp. ( ACW ) Allianz SE (ADR) ( AZSEY ) American Science & Engineering, Inc. ( ASEI ) Ameris Bancorp ( ABCB ) Anika Therapeutics, Inc. ( ANIK ) View the entire Zacks #5 Rank List . AMERIS BANCORP (ABCB): Free Stock Analysis Report ACCURIDE CORP (ACW): Free Stock Analysis Report ANIKA THERAPEUT (ANIK): Free Stock Analysis Report AMER SCI & ENG (ASEI): Free Stock Analysis Report ALLIANZ AG-ADR (AZSEY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Accuride Corp. ( ACW ) Allianz SE (ADR) ( AZSEY ) American Science & Engineering, Inc. ( ASEI ) Ameris Bancorp ( ABCB ) Anika Therapeutics, Inc. ( ANIK ) View the entire Zacks #5 Rank List . AMERIS BANCORP (ABCB): Free Stock Analysis Report ACCURIDE CORP (ACW): Free Stock Analysis Report ANIKA THERAPEUT (ANIK): Free Stock Analysis Report AMER SCI & ENG (ASEI): Free Stock Analysis Report ALLIANZ AG-ADR (AZSEY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. |
27997.0 | 2023-11-27 00:00:00 UTC | Health Care Sector Update for 11/27/2023: ANVS, ABEO, ARCT | ABEO | https://www.nasdaq.com/articles/health-care-sector-update-for-11-27-2023%3A-anvs-abeo-arct | nan | nan | Health care stocks fell Monday afternoon with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each declining 0.7%.
The iShares Biotechnology ETF (IBB) declined 0.9%.
In corporate news, Abeona Therapeutics (ABEO) surged 21% after it said that its Biologics License Application for prademagene zamikeracel, or pz-cel, for the treatment of recessive dystrophic epidermolysis bullosa, has been granted priority review by the US Food and Drug Administration.
Annovis Bio (ANVS) shares jumped 15% after the company said it exceeded full enrollment projections in a phase 2/3 study of its lead compound buntanetap, which is intended to treat people with mild to moderate Alzheimer's disease.
Arcturus Therapeutics (ARCT) gained almost 7% after it said Monday that the FDA has granted orphan drug designation for its drug candidate ARCT-032 to treat cystic fibrosis.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In corporate news, Abeona Therapeutics (ABEO) surged 21% after it said that its Biologics License Application for prademagene zamikeracel, or pz-cel, for the treatment of recessive dystrophic epidermolysis bullosa, has been granted priority review by the US Food and Drug Administration. Annovis Bio (ANVS) shares jumped 15% after the company said it exceeded full enrollment projections in a phase 2/3 study of its lead compound buntanetap, which is intended to treat people with mild to moderate Alzheimer's disease. Arcturus Therapeutics (ARCT) gained almost 7% after it said Monday that the FDA has granted orphan drug designation for its drug candidate ARCT-032 to treat cystic fibrosis. | In corporate news, Abeona Therapeutics (ABEO) surged 21% after it said that its Biologics License Application for prademagene zamikeracel, or pz-cel, for the treatment of recessive dystrophic epidermolysis bullosa, has been granted priority review by the US Food and Drug Administration. Health care stocks fell Monday afternoon with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each declining 0.7%. Arcturus Therapeutics (ARCT) gained almost 7% after it said Monday that the FDA has granted orphan drug designation for its drug candidate ARCT-032 to treat cystic fibrosis. | In corporate news, Abeona Therapeutics (ABEO) surged 21% after it said that its Biologics License Application for prademagene zamikeracel, or pz-cel, for the treatment of recessive dystrophic epidermolysis bullosa, has been granted priority review by the US Food and Drug Administration. Health care stocks fell Monday afternoon with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each declining 0.7%. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In corporate news, Abeona Therapeutics (ABEO) surged 21% after it said that its Biologics License Application for prademagene zamikeracel, or pz-cel, for the treatment of recessive dystrophic epidermolysis bullosa, has been granted priority review by the US Food and Drug Administration. Health care stocks fell Monday afternoon with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each declining 0.7%. The iShares Biotechnology ETF (IBB) declined 0.9%. |
27998.0 | 2023-11-27 00:00:00 UTC | Abeona Therapeutics: FDA Grants Priority Review For Pz-cel BLA | ABEO | https://www.nasdaq.com/articles/abeona-therapeutics%3A-fda-grants-priority-review-for-pz-cel-bla | nan | nan | (RTTNews) - Abeona Therapeutics Inc. (ABEO) announced the FDA has accepted and granted Priority Review for the Biologics License Application for pz-cel, the company's investigational autologous, COL7A1 gene-corrected epidermal sheets for the treatment of patients with recessive dystrophic epidermolysis bullosa. Under the PDUFA, the FDA has set a target action date of May 25, 2024. The FDA does not currently plan to convene an Advisory Committee meeting to discuss the pz-cel application.
Abeona Therapeutics noted that the grant of the Priority Review status is an important prerequisite for its eligibility for a Priority Review Voucher. The BLA is supported by clinical efficacy and safety data from the Phase 3 VIITAL study and confirmatory evidence from a Phase 1/2a study.
For More Such Health News, visit rttnews.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - Abeona Therapeutics Inc. (ABEO) announced the FDA has accepted and granted Priority Review for the Biologics License Application for pz-cel, the company's investigational autologous, COL7A1 gene-corrected epidermal sheets for the treatment of patients with recessive dystrophic epidermolysis bullosa. Abeona Therapeutics noted that the grant of the Priority Review status is an important prerequisite for its eligibility for a Priority Review Voucher. Under the PDUFA, the FDA has set a target action date of May 25, 2024. | (RTTNews) - Abeona Therapeutics Inc. (ABEO) announced the FDA has accepted and granted Priority Review for the Biologics License Application for pz-cel, the company's investigational autologous, COL7A1 gene-corrected epidermal sheets for the treatment of patients with recessive dystrophic epidermolysis bullosa. Abeona Therapeutics noted that the grant of the Priority Review status is an important prerequisite for its eligibility for a Priority Review Voucher. The FDA does not currently plan to convene an Advisory Committee meeting to discuss the pz-cel application. | (RTTNews) - Abeona Therapeutics Inc. (ABEO) announced the FDA has accepted and granted Priority Review for the Biologics License Application for pz-cel, the company's investigational autologous, COL7A1 gene-corrected epidermal sheets for the treatment of patients with recessive dystrophic epidermolysis bullosa. Abeona Therapeutics noted that the grant of the Priority Review status is an important prerequisite for its eligibility for a Priority Review Voucher. The BLA is supported by clinical efficacy and safety data from the Phase 3 VIITAL study and confirmatory evidence from a Phase 1/2a study. | (RTTNews) - Abeona Therapeutics Inc. (ABEO) announced the FDA has accepted and granted Priority Review for the Biologics License Application for pz-cel, the company's investigational autologous, COL7A1 gene-corrected epidermal sheets for the treatment of patients with recessive dystrophic epidermolysis bullosa. Abeona Therapeutics noted that the grant of the Priority Review status is an important prerequisite for its eligibility for a Priority Review Voucher. Under the PDUFA, the FDA has set a target action date of May 25, 2024. |
27999.0 | 2023-09-12 00:00:00 UTC | 3 Biotech Blockbusters to Turn $5,000 Into $50,000 | ABEO | https://www.nasdaq.com/articles/3-biotech-blockbusters-to-turn-%245000-into-%2450000 | nan | nan | InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Investing in biotech stock can provide investors with immense rewards but also substantial risks. The key is finding the right balance.
With diligent research, it’s possible to identify promising companies that appear undervalued relative to their blockbuster prospects. Their innovative therapies could be game-changers, and clinical trial successes could lead to surges in share price. However, inherent risks in biotech investing cannot be overlooked. That’s because the outcomes for these stocks rely entirely on unpredictable clinical data and regulatory decisions. This is not data that the public has full access to, meaning investing in biotech is usually a hit-or-miss game.
Still, many drug companies are currently targeting massive addressable markets and are trading at meager valuations. These stocks can provide astronomical returns, turning $5,000 invested today into $50,000 or more. While such gains are far from guaranteed, these companies’ prospects are worth considering for those seeking unlimited upside.
Abeona Therapeutics (ABEO)
Source: ra2 studio/Shutterstock
Abeona Therapeutics (NASDAQ:ABEO) develops cutting-edge genetic medicines for rare diseases. The company’s lead candidate, EB-101, delivered impressive clinical data in patients with recessive dystrophic epidermolysis bullosa (RDEB). This is devastating skin disorder which is currently without treatments.
EB-101 has shown the ability to heal chronic wounds in this population. With a Biologics License Application submitted, a regulatory decision is expected by mid-2023. If approved, EB-101 would become the first gene therapy for RDEB, a potential game-changer for these patients.
Beyond EB-101, Abeona has additional gene therapy assets, including treatments for genetic eye disorders and neurometabolic diseases. However, with the stock trading around $4 per share, I believe the market underappreciates the company’s promising pipeline. An FDA approval for EB-101 could propel a re-rating of the stock to properly reflect the potential of its platform.
For investors able to stomach clinical-stage risks, Abeona offers a robust upside. I expect significant share price appreciation if the company’s programs continue advancing successfully toward commercialization. A price target of $38 by Cantor Fitzgerald points to whopping potential upside over the next year of 833%.
Vaxart (VXRT)
Source: Ascannio / Shutterstock.com
For investors comfortable with clinical-stage biotech volatility, Vaxart (NASDAQ:VXRT) offers massive upside potential at today’s prices. Vaxart is pioneering oral tablet vaccines, an innovative approach to delivering vaccines with potential benefits over injectables. These include easier administration and storage.
Its lead Norovirus candidate recently demonstrated strong immune responses. Phase 2 results should provide more clarity later this year, as the company approaches the latter stages of its trials. Notably, Vaxart’s COVID-19 oral vaccine also displayed strong results and is currently in Phase 2 trials. However, there isn’t likely going to be a sizeable market for this, especially as recent outbreaks have been mild and people have learned to live with this virus.
Still, Vaxart’s platform shows promise in other large markets like norovirus, flu, and HPV. Positive Phase 2 data recently reported for its norovirus tablet vaccine adds even more credibility. Additionally, with over $67 million in cash, Vaxart is funded well to advance these programs through H2 2024.
Despite this progress, the company trades at a modest $117 million valuation. The market has yet to appreciate Vaxart’s disruptive platform and sizable market opportunities. Positive late-stage data could drive rapid gains in the stock as the company’s prospects are re-valued. Currently, the consensus price targets on VXRT stock implies 563% one-year upside potential.
CRISPR Therapeutics (CRSP)
Source: Catalin Rusnac/ShutterStock.com
CRISPR Therapeutics (NASDAQ:CRSP) is pioneering precision gene editing therapies using Nobel Prize-winning CRISPR/Cas9 technology. Its lead candidate, exagamglogene autotemcel (exa-cel), achieved promising results for patients suffering with sickle cell disease and beta-thalassemia by functionally correcting the causative gene mutations. With a regulatory decision possible this year, exa-cel could become the first approved CRISPR therapy, validating this breakthrough platform.
Beyond these initial diseases, CRISPR has numerous preclinical gene editing therapies under development areas such as oncology, diabetes, and other indications. The possibilities for precise genetic medicine enabled by CRISPR are incredible. Indeed, this company appears positioned as a leader in the field.
Despite the enormous prospects of its platform, CRISPR trades at a $4 billion valuation. While clinical risks exist, I view this as an attractive entry point for such an innovative biotech. Investors’ upside from today’s prices could be substantial, as the company’s prospective therapies advance toward commercialization. But of course, CRISPR is still an emerging technology, and it will take a lot of patience before substantial gains can materialize.
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Read More: Penny Stocks — How to Profit Without Getting Scammed
On the date of publication, Omor Ibne Ehsan did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on LinkedIn.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Abeona Therapeutics (ABEO) Source: ra2 studio/Shutterstock Abeona Therapeutics (NASDAQ:ABEO) develops cutting-edge genetic medicines for rare diseases. Beyond EB-101, Abeona has additional gene therapy assets, including treatments for genetic eye disorders and neurometabolic diseases. For investors able to stomach clinical-stage risks, Abeona offers a robust upside. | Abeona Therapeutics (ABEO) Source: ra2 studio/Shutterstock Abeona Therapeutics (NASDAQ:ABEO) develops cutting-edge genetic medicines for rare diseases. Beyond EB-101, Abeona has additional gene therapy assets, including treatments for genetic eye disorders and neurometabolic diseases. For investors able to stomach clinical-stage risks, Abeona offers a robust upside. | Abeona Therapeutics (ABEO) Source: ra2 studio/Shutterstock Abeona Therapeutics (NASDAQ:ABEO) develops cutting-edge genetic medicines for rare diseases. Beyond EB-101, Abeona has additional gene therapy assets, including treatments for genetic eye disorders and neurometabolic diseases. For investors able to stomach clinical-stage risks, Abeona offers a robust upside. | Beyond EB-101, Abeona has additional gene therapy assets, including treatments for genetic eye disorders and neurometabolic diseases. Abeona Therapeutics (ABEO) Source: ra2 studio/Shutterstock Abeona Therapeutics (NASDAQ:ABEO) develops cutting-edge genetic medicines for rare diseases. For investors able to stomach clinical-stage risks, Abeona offers a robust upside. |
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