Ameris Bancorp (ABCB) Earning Somewhat Positive Media Coverage, Study Shows
Headlines about Ameris Bancorp (NASDAQ:ABCB) have trended somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of 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 0.18 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 47.6837954614764 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Ameris Bancorp (NASDAQ:ABCB) remained flat at $$52.40 during mid-day trading on Thursday. The company had a trading volume of 15,679 shares, compared to its average volume of 211,900. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.98 and a quick ratio of 0.95. Ameris Bancorp has a 12-month low of $41.05 and a 12-month high of $56.85. The stock has a market capitalization of $1,941.60, a PE ratio of 26.26 and a beta of 1.24.
Ameris Bancorp (NASDAQ:ABCB) last announced its quarterly earnings results on Friday, January 26th. The bank reported $0.63 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.63. The firm had revenue of $89.90 million during the quarter, compared to the consensus estimate of $96.28 million. Ameris Bancorp had a return on equity of 11.73% and a net margin of 18.44%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 earnings per share. equities analysts predict that Ameris Bancorp will post 3.49 earnings per share for the current year.
A number of analysts recently weighed in on the stock. Sandler O’Neill set a $57.00 target price on shares of Ameris Bancorp and gave the stock a “hold” rating in a research note on Monday, January 29th. SunTrust Banks upped their target price on shares of Ameris Bancorp from $10.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. BidaskClub upgraded shares of Ameris Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Zacks Investment Research upgraded shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $52.00 target price on shares of Ameris Bancorp in a research note on Thursday, October 26th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $55.33.
In related news, COO Dennis J. Zember, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $54.81, for a total value of $274,050.00. Following the completion of the transaction, the chief operating officer now directly owns 156,063 shares of the company’s stock, valued at $8,553,813.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James A. Lahaise sold 14,200 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $46.58, for a total value of $661,436.00. Following the completion of the transaction, the insider now directly owns 73,986 shares of the company’s stock, valued at $3,446,267.88. The disclosure for this sale can be found here. Corporate insiders own 3.63% of the company’s stock.
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Ameris Bancorp Company Profile
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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