Ameris Bancorp (ABCB) Reaches New 12-Month High at $35.22
Shares of Ameris Bancorp (NASDAQ:ABCB) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $35.22 and last traded at $35.18, with a volume of 105,321 shares changing hands. The stock had previously closed at $34.99.
A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Ameris Bancorp from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Tuesday, July 26th. Keefe, Bruyette & Woods lifted their price target on Ameris Bancorp from $31.00 to $35.00 and gave the company a “market perform” rating in a research report on Monday, July 25th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $32.92.
The stock has a market cap of $1.23 billion and a P/E ratio of 18.92. The firm’s 50-day moving average price is $33.12 and its 200 day moving average price is $30.53.
Ameris Bancorp (NASDAQ:ABCB) last issued its quarterly earnings results on Friday, July 22nd. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. Equities analysts anticipate that Ameris Bancorp will post $2.12 earnings per share for the current 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.