Top investors say Ameris Bancorp (ABCB) ticks everything they need

With 0.44 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.28 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $48.34 whereas the lowest price it dropped to was $47.605. The 52-week range on ABCB shows that it touched its highest point at $53.99 and its lowest point at $32.74 during that stretch. It currently has a 1-year price target of $57.33. With its current market cap of 3.31 billion, ABCB has annualized dividend of $0.60 while the current yield stands at 1.25%. Beta for the stock currently stands at 1.04.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ABCB was down-trending over the past week, with a drop of -1.48%, but this was down by -3.23% over a month. Three-month performance surged to 0.74% while six-month performance fell -6.79%. The stock gained 38.24% in the past year, while it has lost -9.63% so far this year. A look at the trailing 12-month EPS for ABCB yields 4.10 with Next year EPS estimates of 4.89. For the next quarter, that number is 1.14. This implies an EPS growth rate of 14.50% for this year and 6.74% for next year. EPS is expected to grow by 8.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 6.83%.

Float and Shares Shorts:

At present, 69.05 million ABCB shares are outstanding with a float of 65.22 million shares on hand for trading. On 2024-05-15, short shares totaled 1.09 million, which was 158.00001 higher than short shares on 1713139200. In addition to Mr. James B. Miller Jr. as the firm’s Executive Chairman, Mr. H. Palmer Proctor Jr. serves as its Vice Chairman & CEO.

Institutional Ownership:

Through their ownership of 0.93768 of ABCB’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ABCB since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.