Somewhat Positive Media Coverage Somewhat Unlikely to Affect Ameris Bancorp (ABCB) Share Price
Press coverage about Ameris Bancorp (NASDAQ:ABCB) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ameris Bancorp earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 45.7042734381807 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Ameris Bancorp (ABCB) Stake Up in Latest Report from Dimensional Fund Advisors Lp (highlightpress.com)
- IHS Markit Score upgrades Ameris Bancorp to 36 out of 100, ranking positively in two out of four IHS Markit categories. (finance.yahoo.com)
- See what the IHS Markit Score report has to say about Ameris Bancorp. (finance.yahoo.com)
- Ameris Bancorp – Value Analysis (NASDAQ:ABCB) : August 8, 2017 (finance.yahoo.com)
Shares of Ameris Bancorp (NASDAQ ABCB) traded down 0.92% during trading on Friday, hitting $43.25. The stock had a trading volume of 121,989 shares. Ameris Bancorp has a 1-year low of $32.76 and a 1-year high of $51.28. The firm has a 50 day moving average of $46.80 and a 200 day moving average of $46.25. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 18.58 and a beta of 1.27.
Ameris Bancorp (NASDAQ:ABCB) last released its quarterly earnings results on Friday, July 21st. The bank reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.02. The business had revenue of $91.35 million for the quarter, compared to analyst estimates of $92.71 million. Ameris Bancorp had a return on equity of 12.52% and a net margin of 22.66%. Analysts expect that Ameris Bancorp will post $2.55 EPS for the current fiscal year.
Several analysts have issued reports on the company. Piper Jaffray Companies restated a “hold” rating and set a $48.00 price objective on shares of Ameris Bancorp in a report on Friday, July 21st. ValuEngine upgraded Ameris Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub upgraded Ameris Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Zacks Investment Research upgraded Ameris Bancorp from a “sell” rating to a “hold” rating in a report on Friday, April 14th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $51.00 target price on shares of Ameris Bancorp in a report on Friday, April 21st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $49.33.
In other news, CEO Edwin W. Hortman, Jr. sold 27,459 shares of the firm’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $46.69, for a total transaction of $1,282,060.71. Following the sale, the chief executive officer now owns 207,725 shares of the company’s stock, valued at $9,698,680.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Cindi H. Lewis sold 3,200 shares of the firm’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $46.00, for a total value of $147,200.00. Following the sale, the chief accounting officer now directly owns 70,578 shares in the company, valued at approximately $3,246,588. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 1,100 shares of company stock worth $48,548. 3.63% of the stock is currently owned by insiders.
About Ameris Bancorp
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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