News articles about Ameris Bancorp (NASDAQ:ABCB) have been trending somewhat positive recently, Accern reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ameris Bancorp earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 46.5700791200957 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of equities research analysts have recently commented on ABCB shares. Stephens reaffirmed a “buy” rating and set a $54.00 price objective on shares of Ameris Bancorp in a research note on Friday, July 21st. ValuEngine raised shares of Ameris Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub raised shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $51.00 price target on shares of Ameris Bancorp in a research note on Monday, June 26th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $48.00 price target on shares of Ameris Bancorp in a research note on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $49.33.
Shares of Ameris Bancorp (NASDAQ:ABCB) traded up 2.98% on Monday, reaching $43.20. The company’s stock had a trading volume of 39,103 shares. Ameris Bancorp has a 1-year low of $33.80 and a 1-year high of $51.28. The stock has a market capitalization of $1.61 billion, a P/E ratio of 18.56 and a beta of 1.29. The company has a 50 day moving average of $44.60 and a 200 day moving average of $45.88.
Ameris Bancorp (NASDAQ:ABCB) last issued its quarterly earnings data on Friday, July 21st. The bank reported $0.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.02. Ameris Bancorp had a net margin of 22.66% and a return on equity of 12.52%. The company had revenue of $91.35 million during the quarter, compared to analysts’ expectations of $92.71 million. Equities research analysts expect that Ameris Bancorp will post $2.55 earnings per share for the current fiscal year.
In related news, Director Leo J. Hill acquired 1,000 shares of Ameris Bancorp stock in a transaction dated Thursday, September 7th. The shares were acquired at an average cost of $42.75 per share, for a total transaction of $42,750.00. Following the completion of the transaction, the director now directly owns 16,629 shares of the company’s stock, valued at $710,889.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.63% of the stock is owned by corporate insiders.
About Ameris Bancorp
Ameris Bancorp is a financial holding company. The Company’s business is conducted through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. The Company operates through four segments: the Banking Division, the Retail Mortgage Division, the Warehouse Lending Division and the SBA Division.
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