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Wednesday, September 27, 2023

Is Ameris Bancorp (NASDAQ: ABCB) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Ameris Bancorp (ABCB) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.49, or -1.17%, to $41.28. The Ameris Bancorp has recorded 18,511 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted AMERIS BANCORP ANNOUNCES DATE OF SECOND QUARTER 2023 EARNINGS RELEASE AND CONFERENCE CALL.

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Stocks Info

This NASDAQ-listed company operates within the Banks – Regional industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $41.77 and fluctuated between $42.22 as its day high and $41.01 as its day low. The current market capitalization of Ameris Bancorp is $2.82B. A total of 0.24 million shares were traded on the day, compared to an average of 394.97K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, ABCB has seen 12 BUY and 0 SELL insider trades, representing the acquisition of 30,420 and the disposition of 0 shares. Over the last 12 months, there were 47 BUYs and 49 SELLs from insiders. Insiders purchased 445,132 shares during that period but sold 302,727.

In the most recent transaction, Choate William Millard bought 7,490 shares of ABCB for 33.38 per share on May 23. After the transaction, the Director now owns 7,490 company shares. In a previous transaction on May 17, McKendry William D bought 1,000 shares at 30.14 per share. ABCB shares that Chief Risk Officer owns now total 30,134.

Among the insiders who bought shares, LaHaise James A acquired of 10,000 shares on May 15 at a per-share price of $29.65. This resulted in the Chief Strategy Officer holding 89,516 shares of ABCB after the transaction. In another insider transaction, PROCTOR H PALMER JR bought 10,000 shares at $29.25 per share on May 10. Company shares held by the CEO now total 288,735.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Ameris Bancorp pays an annual dividend of $0.60, resulting in a dividend yield of 1.44%, and it has a price to earnings (P/E) ratio of 9.72. ABCB’s most recent ex-dividend date was 6/29/2023 when it declared a $0.15 quarterly dividend that was paid in cash on 7/10/2023. Previously, the company paid the dividend on 4/10/2023 with an ex-dividend date of 3/30/2023. The ABCB stock dividend was $0.15 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for ABCB in the last 3 months, the mean price target is $49.00 with high estimates of $52.00 and low estimates of $46.00. In terms of 52-week highs and lows, ABCB has a high of $54.24 and a low of $28.33.

As of this writing, ABCB has an earnings estimate of $1.14 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $1.25 per share and a lower estimate of $1.02. The company reported an EPS of $0.87 in the last quarter, which was -26.30% lower than expectations of $1.18.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. Its Book Value Per Share was $47.61, while its Total Shareholder’s Equity was $2.97B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ABCB is Buy with a score of 4.00.

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