At the time of writing, Ameris Bancorp [ABCB] stock is trading at $71.14, up 13.70%. 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 12.90% over the last week, with a monthly amount glided 18.21%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ameris Bancorp [NYSE: ABCB] stock has seen the most recent analyst activity on October 28, 2024, when Raymond James upgraded its rating to a Outperform but kept the price target unchanged to $67 for it. Previously, DA Davidson upgraded its rating to Buy on October 10, 2023, and kept the price target unchanged to $44. On April 04, 2023, Stephens initiated with a Equal-Weight rating and assigned a price target of $41 on the stock. Raymond James downgraded its rating to a Mkt Perform. Stephens downgraded its rating to Equal-Weight for this stock on September 30, 2021, but kept the price target unchanged to $56. In a note dated March 30, 2021, DA Davidson downgraded an Neutral rating on this stock.
For the past year, the stock price of Ameris Bancorp fluctuated between $38.71 and $66.51. Currently, Wall Street analysts expect the stock to reach $60.5 within the next 12 months. Ameris Bancorp [NYSE: ABCB] shares were valued at $71.14 at the most recent close of the market. An investor can expect a potential drop of -14.96% based on the average ABCB price forecast.
Analyzing the ABCB fundamentals
According to Ameris Bancorp [NYSE:ABCB], the company’s sales were 1.58B for trailing twelve months, which represents an 13.82% jump. Gross Profit Margin for this corporation currently stands at 1.07% with Operating Profit Margin at 0.35%, Pretax Profit Margin comes in at 0.32%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.09 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.3.
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 69.19 points at the first support level, and at 67.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 72.53, and for the 2nd resistance point, it is at 73.91.
Ratios To Look Out For
It is important to note that Ameris Bancorp [NYSE:ABCB] has a current ratio of 0.21. Considering the valuation of this stock, the price to sales ratio is 3.11, the price to book ratio is 1.33 and price to earnings (TTM) ratio is 14.85.
Transactions by insiders
Recent insider trading involved Ezzell Robert Dale, Director, that happened on Nov 05 ’24 when 10134.0 shares were purchased. Chief Credit Officer, EDWARDS JON S completed a deal on Mar 07 ’24 to sell 7500.0 shares.
