Ameris Bancorp (ABCB) Hits New 52-Week High at $35.22
Ameris Bancorp (NASDAQ:ABCB) shares reached a new 52-week high on Friday . The company traded as high as $35.22 and last traded at $35.18, with a volume of 105,321 shares trading hands. The stock had previously closed at $34.99.
Several brokerages have commented on ABCB. Zacks Investment Research cut shares of Ameris Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. Keefe, Bruyette & Woods boosted their price target on shares of 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 given a buy rating to the company’s stock. Ameris Bancorp has a consensus rating of “Hold” and an average price target of $32.92.
The company has a market cap of $1.23 billion and a price-to-earnings ratio of 18.92. The stock’s 50-day moving average price is $33.12 and its 200 day moving average price is $30.53.
Ameris Bancorp (NASDAQ:ABCB) last announced its quarterly 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. Equities research analysts expect that Ameris Bancorp will post $2.12 earnings per share 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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