Ameris Bancorp (ABCB) Sees Unusually-High Trading Volume
Ameris Bancorp (NASDAQ:ABCB) shares saw unusually-strong trading volume on Thursday . Approximately 109,554 shares changed hands during trading, an increase of 2% from the previous session’s volume of 107,153 shares.The stock last traded at $34.96 and had previously closed at $34.82.
ABCB has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upped their target price on shares of Ameris Bancorp from $31.00 to $35.00 and gave the stock a “market perform” rating in a research report on Monday, July 25th. Zacks Investment Research cut shares of Ameris Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, June 24th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Ameris Bancorp currently has a consensus rating of “Hold” and a consensus price target of $32.92.
The company has a market capitalization of $1.22 billion and a price-to-earnings ratio of 18.78. The stock’s 50-day moving average is $33.06 and its 200-day moving average is $30.53.
Ameris Bancorp (NASDAQ:ABCB) last released its quarterly earnings results on Friday, July 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.04. On average, equities 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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