Ameris Bancorp (NASDAQ: ABCB) started the day on March 16, 2023, with a price increase of 4.70% at $38.52. During the day, the stock rose to $39.35 and sunk to $35.4001 before settling in for the price of $36.79 at the close. Taking a more long-term approach, ABCB posted a 52-week range of $34.28-$54.24.
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The Financial Sector giants’ yearly sales growth during the last 5-year period was 24.90%. Meanwhile, its Annual Earning per share during the time was 16.30%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -7.60%. This publicly-traded company’s shares outstanding now amounts to $69.14 million, simultaneously with a float of $65.65 million. The organization now has a market capitalization sitting at $2.67 billion. At the time of writing, stock’s 50-day Moving Average stood at $46.77, while the 200-day Moving Average is $47.04.
While finding the extent of efficiency of the company that is accounted for 2847 employees. For the Profitability, stocks operating margin was +30.70 and Pretax Margin of +40.96.
Ameris Bancorp (ABCB) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Banks – Regional Industry. Ameris Bancorp’s current insider ownership accounts for 3.20%, in contrast to 91.70% institutional ownership. According to the most recent insider trade that took place on Mar 10, this organization’s Director bought 670 shares at the rate of 41.20, making the entire transaction reach 27,604 in total value, affecting insider ownership by 22,872. Preceding that transaction, on Nov 21, Company’s Director sold 1,120 for 51.87, making the whole transaction’s value amount to 58,093. This particular insider is now the holder of 88,425 in total.
Ameris Bancorp (ABCB) Earnings and Revenue Records
In the latest quarterly report released, which was put into the public domain on 12/30/2022, the organization reported $1.18 earnings per share (EPS) for the three months, lower than the consensus estimate (set at $1.34) by -$0.16. This company achieved a net margin of +31.33 while generating a return on equity of 11.24. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.29 per share during the current fiscal year.
Ameris Bancorp’s EPS decrease for this current 12-month fiscal period is -7.60% and is forecasted to reach 5.23 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 8.00% through the next 5 years, which can be compared against the 16.30% growth it accomplished over the previous five years trading on the market.
Ameris Bancorp (NASDAQ: ABCB) Trading Performance Indicators
Let’s observe the current performance indicators for Ameris Bancorp (ABCB). The Stock has managed to achieve an average true range (ATR) of 2.20. Alongside those numbers, its PE Ratio stands at $7.72, and its Beta score is 1.14. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.99. Similarly, its price to free cash flow for trailing twelve months is now 2.65.
In the same vein, ABCB’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 4.99, a figure that is expected to reach 1.26 in the next quarter, and analysts are predicting that it will be 5.23 at the market close of one year from today.
Technical Analysis of Ameris Bancorp (ABCB)
If we take a close look at the recent performances of Ameris Bancorp (NASDAQ: ABCB), its last 5-days Average volume was 1.34 million that shows progress from its year to date volume of 0.43 million. During the previous 9 days, stock’s Stochastic %D was recorded 19.06% While, its Average True Range was 2.61.
Raw Stochastic average of Ameris Bancorp (ABCB) in the period of the previous 100 days is set at 21.24%, which indicates a major fall in contrast to 29.22% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 62.28% that was higher than 35.15% volatility it exhibited in the past 100-days period.