Ameris Bancorp (ABCB) Receiving Somewhat Favorable Press Coverage, Report Finds
News headlines about Ameris Bancorp (NASDAQ:ABCB) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ameris Bancorp earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave news stories about the bank an impact score of 45.9767682300658 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Sixth-largest bank in Jacksonville makes top executive changes (bizjournals.com)
- Ameris Bancorp breached its 50 day moving average in a Bearish Manner : ABCB-US : December 7, 2017 (finance.yahoo.com)
- ETFs with exposure to Ameris Bancorp : December 6, 2017 (finance.yahoo.com)
- Ameris Bancorp :ABCB-US: Earnings Analysis: Q3, 2017 By the Numbers : December 5, 2017 (finance.yahoo.com)
- Zacks: Analysts Anticipate Ameris Bancorp (ABCB) Will Announce Quarterly Sales of $97.72 Million (americanbankingnews.com)
Ameris Bancorp (NASDAQ ABCB) opened at $47.05 on Monday. Ameris Bancorp has a 52-week low of $41.05 and a 52-week high of $51.30. The firm has a market capitalization of $1,751.72, a price-to-earnings ratio of 18.97 and a beta of 1.19. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.07 and a quick ratio of 1.04.
Ameris Bancorp (NASDAQ:ABCB) last announced its quarterly earnings results on Thursday, October 19th. The bank reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). Ameris Bancorp had a net margin of 21.57% and a return on equity of 12.12%. The firm had revenue of $93.85 million during the quarter, compared to analysts’ expectations of $96.89 million. sell-side analysts forecast that Ameris Bancorp will post 2.48 EPS for the current year.
A number of brokerages have recently weighed in on ABCB. Stephens restated a “buy” rating and issued a $52.00 price target on shares of Ameris Bancorp in a research report on Thursday, September 28th. Keefe, Bruyette & Woods upgraded Ameris Bancorp from a “market perform” rating to an “outperform” rating in a research report on Monday, November 20th. Zacks Investment Research upgraded Ameris Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. Piper Jaffray Companies set a $50.00 price target on Ameris Bancorp and gave the company a “hold” rating in a research report on Monday, October 23rd. Finally, ValuEngine cut Ameris Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $52.25.
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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