Ameris Bancorp (ABCB) Sees Unusually-High Trading Volume
Ameris Bancorp (NASDAQ:ABCB) saw an uptick in trading volume on Thursday . 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.
A number of brokerages have recently issued reports on ABCB. Zacks Investment Research upgraded Ameris Bancorp from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Tuesday, July 26th. Keefe, Bruyette & Woods raised their price objective on Ameris Bancorp from $31.00 to $35.00 and gave the company a “market perform” rating in a report on Monday, July 25th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $32.92.
The firm’s 50-day moving average price is $33.12 and its 200 day moving average price is $30.53. The stock has a market cap of $1.23 billion and a P/E ratio of 18.92.
Ameris Bancorp (NASDAQ:ABCB) last released its earnings results on Friday, July 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.04. Equities research analysts forecast 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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