At the time of writing, Ameris Bancorp [ABCB] stock is trading at $58.91, down -0.62%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ABCB shares have gain 8.33% over the last week, with a monthly amount glided 23.14%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ameris Bancorp [NASDAQ: ABCB] stock has seen the most recent analyst activity on October 10, 2023, when DA Davidson upgraded its rating to a Buy but kept the price target unchanged to $44 for it. Previously, Stephens started tracking the stock with Equal-Weight rating on April 04, 2023, and set its price target to $41. Raymond James downgraded its rating to a Mkt Perform. Stephens downgraded its rating to a Equal-Weight but $56 remained the price target by the analyst firm on September 30, 2021. DA Davidson downgraded its rating to Neutral for this stock on March 30, 2021.
For the past year, the stock price of Ameris Bancorp fluctuated between $34.26 and $60.53. Currently, Wall Street analysts expect the stock to reach $53.67 within the next 12 months. Ameris Bancorp [NASDAQ: ABCB] shares were valued at $58.91 at the most recent close of the market. An investor can expect a potential drop of -8.89% based on the average ABCB price forecast.
Analyzing the ABCB fundamentals
According to Ameris Bancorp [NASDAQ:ABCB], the company’s sales were 1.49B for trailing twelve months, which represents an 7.73% jump. Gross Profit Margin for this corporation currently stands at 1.03% with Operating Profit Margin at 0.32%, Pretax Profit Margin comes in at 0.29%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.08 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.22.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 57.46 points at the first support level, and at 56.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 60.24, and for the 2nd resistance point, it is at 61.56.
Ratios To Look Out For
It is important to note that Ameris Bancorp [NASDAQ:ABCB] has a current ratio of 0.19. Considering the valuation of this stock, the price to sales ratio is 2.74, the price to book ratio is 1.17 and price to earnings (TTM) ratio is 14.37.
Transactions by insiders
Recent insider trading involved EDWARDS JON S, Chief Credit Officer, that happened on Mar 07 ’24 when 7500.0 shares were sold.
