A share price of Ameris Bancorp [ABCB] is currently trading at $63.82, down -0.56%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ABCB shares have gain 4.28% over the last week, with a monthly amount drifted -4.23%, and not seem to be holding up well over a long-time horizon.
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.
Ameris Bancorp experienced fluctuations in its stock price throughout the past year between $44.00 and $74.56. Currently, Wall Street analysts expect the stock to reach $65.5 within the next 12 months. Ameris Bancorp [NYSE: ABCB] shares were valued at $63.82 at the most recent close of the market. An investor can expect a potential return of 2.63% based on the average ABCB price forecast.
Analyzing the ABCB fundamentals
Trailing Twelve Months sales for Ameris Bancorp [NYSE:ABCB] were 1.56B which represents 7.41% growth. Gross Profit Margin for this corporation currently stands at 1.03% with Operating Profit Margin at 0.16%, 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 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.13.
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 63.48 points at the first support level, and at 63.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 64.22, and for the 2nd resistance point, it is at 64.61.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Ameris Bancorp [NYSE:ABCB] is 0.22. Considering the valuation of this stock, the price to sales ratio is 2.83, the price to book ratio is 1.20 and price to earnings (TTM) ratio is 13.34.
Transactions by insiders
Recent insider trading involved Ezzell Robert Dale, Director, that happened on Nov 06 ’24 when 8000.0 shares were sold. Director, Ezzell Robert Dale completed a deal on Nov 05 ’24 to buy 10134.0 shares. Meanwhile, Chief Credit Officer EDWARDS JON S sold 7500.0 shares on Mar 07 ’24.
