Media coverage about Ameris Bancorp (NASDAQ:ABCB) has trended somewhat positive on Tuesday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. 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 coverage optimism score of 0.10 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 44.9850103143125 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Ameris Bancorp (NASDAQ ABCB) opened at $56.60 on Tuesday. Ameris Bancorp has a 1 year low of $41.05 and a 1 year high of $59.05. The company has a market cap of $2,160.59, a P/E ratio of 28.44 and a beta of 1.21. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42.
Ameris Bancorp (NASDAQ:ABCB) last announced its quarterly earnings data on Friday, January 26th. The bank reported $0.63 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.63. Ameris Bancorp had a net margin of 18.44% and a return on equity of 11.73%. The firm had revenue of $89.90 million for the quarter, compared to the consensus estimate of $96.28 million. During the same period in the previous year, the firm posted $0.63 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis. equities analysts anticipate that Ameris Bancorp will post 3.49 EPS for the current fiscal year.
Several research analysts have 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 report on Monday, January 29th. BidaskClub raised shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. ValuEngine raised shares of Ameris Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research downgraded shares of Ameris Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, Keefe, Bruyette & Woods raised shares of Ameris Bancorp from a “market perform” rating to an “outperform” rating in a research report on Monday, November 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $55.33.
In other Ameris Bancorp news, CEO Edwin W. Hortman, Jr. sold 10,000 shares of Ameris Bancorp stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $53.58, for a total value of $535,800.00. Following the completion of the sale, the chief executive officer now directly owns 256,961 shares in the company, valued at $13,767,970.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Edwin W. Hortman, Jr. sold 20,336 shares of Ameris Bancorp stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $56.41, for a total transaction of $1,147,153.76. Following the completion of the sale, the insider now owns 246,961 shares of the company’s stock, valued at $13,931,070.01. The disclosure for this sale can be found here. Insiders have sold 46,159 shares of company stock worth $2,575,646 over the last ninety days. 3.63% of the stock is currently owned by insiders.
COPYRIGHT VIOLATION WARNING: This piece of content was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://ledgergazette.com/2018/03/20/ameris-bancorp-abcb-receiving-somewhat-positive-news-coverage-accern-reports.html.
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.
Receive News & Ratings for Ameris Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameris Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.