Shares of Ameris Bancorp (NASDAQ:ABCB) shot up 1.3% during trading on Wednesday . The stock traded as high as $34.86 and last traded at $34.86, with a volume of 99,280 shares. The stock had previously closed at $34.41.

Several brokerages have recently commented on ABCB. Zacks Investment Research downgraded Ameris Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. Keefe, Bruyette & Woods increased their price objective on Ameris Bancorp from $31.00 to $35.00 and gave the stock a “market perform” rating in a research note on Monday, July 25th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $32.92.

The company’s 50 day moving average price is $32.94 and its 200 day moving average price is $30.50. The firm has a market capitalization of $1.21 billion and a P/E ratio of 18.69.

Ameris Bancorp (NASDAQ:ABCB) last announced its earnings results on Friday, July 22nd. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. On average, analysts anticipate that Ameris Bancorp will post $2.12 EPS for the current fiscal year.

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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