Shares of Ameris Bancorp (NASDAQ:ABCB) have been given an average recommendation of “Buy” by the eight analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $56.00.
A number of analysts have commented on ABCB shares. Zacks Investment Research cut shares of Ameris Bancorp from a “hold” rating to a “sell” rating in a report on Monday, March 12th. BidaskClub cut shares of Ameris Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Sandler O’Neill set a $57.00 target price on shares of Ameris Bancorp and gave the company a “hold” rating in a report on Monday, January 29th. ValuEngine raised shares of Ameris Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, SunTrust Banks upped their target price on shares of Ameris Bancorp from $10.00 to $65.00 and gave the company a “buy” rating in a report on Monday, January 29th.
In other news, CEO Edwin W. Hortman, Jr. sold 10,000 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $53.58, for a total value of $535,800.00. Following the completion of the sale, the chief executive officer now directly owns 256,961 shares of the company’s stock, valued at $13,767,970.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Lawton E. Bassett III sold 823 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $53.15, for a total transaction of $43,742.45. Following the completion of the sale, the president now directly owns 19,408 shares of the company’s stock, valued at $1,031,535.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,159 shares of company stock valued at $2,575,646. Corporate insiders own 3.63% of the company’s stock.
Shares of Ameris Bancorp (NASDAQ ABCB) traded down $0.45 during mid-day trading on Wednesday, reaching $56.50. 752,068 shares of the company’s stock were exchanged, compared to its average volume of 223,793. Ameris Bancorp has a twelve month low of $41.05 and a twelve month high of $59.05. The stock has a market capitalization of $2,177.80, a PE ratio of 28.39 and a beta of 1.21. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42.
Ameris Bancorp (NASDAQ:ABCB) last announced its earnings results on Friday, January 26th. The bank reported $0.63 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.63. Ameris Bancorp had a net margin of 18.44% and a return on equity of 11.73%. The business had revenue of $89.90 million during the quarter, compared to analysts’ expectations of $96.28 million. During the same period in the prior year, the company earned $0.63 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis. sell-side analysts predict that Ameris Bancorp will post 3.49 earnings per share for the current year.
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.
Receive News & Ratings for Ameris Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameris Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.