Press coverage about Ameris Bancorp (NASDAQ:ABCB) has trended positive this week, according to Accern. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ameris Bancorp earned a daily sentiment score of 0.29 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 46.5034452562193 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- 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 (ABCB) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
- $0.63 EPS Expected for Ameris Bancorp (ABCB) This Quarter (americanbankingnews.com)
- Ameris Bancorp Trying To Close In On Key Technical Measure (finance.yahoo.com)
ABCB has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $52.00 price target on shares of Ameris Bancorp in a report on Thursday, October 26th. Stephens reiterated a “buy” rating and issued a $52.00 price target on shares of Ameris Bancorp in a report on Thursday, September 28th. Zacks Investment Research upgraded Ameris Bancorp from a “sell” rating to a “hold” rating in a report on Friday, September 15th. ValuEngine downgraded Ameris Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Piper Jaffray Companies reiterated a “neutral” rating and issued a $47.50 price target on shares of Ameris Bancorp in a report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Ameris Bancorp has an average rating of “Hold” and an average target price of $52.25.
Ameris Bancorp (ABCB) opened at $49.30 on Wednesday. The company has a market capitalization of $1,852.24, a price-to-earnings ratio of 20.06 and a beta of 1.19. Ameris Bancorp has a fifty-two week low of $41.05 and a fifty-two week high of $51.30. The company has a current ratio of 1.07, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11.
Ameris Bancorp (NASDAQ:ABCB) last announced its quarterly earnings results on Thursday, October 19th. The bank reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.02). Ameris Bancorp had a net margin of 21.57% and a return on equity of 12.12%. The company had revenue of $93.85 million during the quarter, compared to analysts’ expectations of $96.89 million. equities analysts predict that Ameris Bancorp will post 2.48 earnings per share for the current fiscal year.
In other Ameris Bancorp news, Director Leo J. Hill acquired 1,000 shares of the stock in a transaction dated Thursday, September 7th. The stock was purchased at an average price of $42.75 per share, with a total value of $42,750.00. Following the transaction, the director now directly owns 16,629 shares of the company’s stock, valued at $710,889.75. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.63% of the company’s stock.
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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