Currently, there are 69.05M common shares owned by the public and among those 65.11M shares have been available to trade.
Insiders at the company have transacted a total of 75 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 39 of these insider trades were purchases, accounting for 239,840 shares. Insider sales of the common stock occurred on 36 occasions, with total insider shares sold totaling 72,797 shares.
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The company’s stock has a 5-day price change of -1.27% and 8.94% over the past three months. ABCB shares are trading -10.61% year to date (YTD), with the 12-month market performance down to -3.97% lower. It has a 12-month low price of $28.33 and touched a high of $53.99 over the same period. ABCB has an average intraday trading volume of 418.58K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.73%, -5.60%, and 15.92% respectively.
Institutional ownership of Ameris Bancorp (NASDAQ: ABCB) shares accounts for 92.64% of the company’s 69.05M shares outstanding.
It has a market capitalization of $3.27B and a beta (3y monthly) value of 1.07. The stock’s trailing 12-month PE ratio is 12.17, while the earnings-per-share (ttm) stands at $3.90. The company has a PEG of 1.52 and the debt-to-equity ratio at 0.19. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.23% over the week and 3.33% over the month.
Analysts forecast that Ameris Bancorp (ABCB) will achieve an EPS of $1.04 for the current quarter, $1.1 for the next quarter and $4.85 for 2025. The lowest estimate earnings-per-share for the quarter is $0.97 while analysts give the company a high EPS estimate of $1.09. Comparatively, EPS for the current quarter was $0.87 a year ago. Earnings per share for the fiscal year are expected to increase by 11.04%, and 8.49% over the next financial year. EPS should grow at an annualized rate of 8.00% over the next five years, compared to 6.81% over the past 5-year period.
Looking at the support for the ABCB, a number of firms have released research notes about the stock. DA Davidson stated their Buy rating for the stock in a research note on October 10, 2023, with the firm’s price target at $44.
