On Friday, Ameris Bancorp (NYSE: ABCB) was 1.65% up from the session before settling in for the closing price of $60.63. A 52-week range for ABCB has been $34.26 – $64.88.
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Financial Sector giant saw their annual sales surged by 25.56% over the last five years. When this article was written, the company’s average yearly earnings per share was at 19.79%. With a float of $65.18 million, this company’s outstanding shares have now reached $69.05 million.
The firm has a total of 2765 workers. Let’s measure their productivity. In terms of profitability, gross margin is 107.05%, operating margin of 34.72%, and the pretax margin is 31.99%.
Ameris Bancorp (ABCB) Breakdown of a Key Holders of the stock
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Ameris Bancorp stocks. The insider ownership of Ameris Bancorp is 5.63%, while institutional ownership is 92.36%. The most recent insider transaction that took place on Mar 07 ’24, was worth 355,101. In this transaction Chief Credit Officer of this company sold 7,500 shares at a rate of $47.35, taking the stock ownership to the 59,691 shares.
Ameris Bancorp (ABCB) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around 19.79% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.00% during the next five years compared to 6.83% growth over the previous five years of trading.
Ameris Bancorp (NYSE: ABCB) Trading Performance Indicators
You can see what Ameris Bancorp (ABCB) is doing with its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.78. Likewise, its price to free cash flow for the trailing twelve months is 17.03.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.51, a number that is poised to hit 1.25 in the next quarter and is forecasted to reach 5.01 in one year’s time.
Technical Analysis of Ameris Bancorp (ABCB)
Analysing the last 5-days average volume posted by the [Ameris Bancorp, ABCB], we can find that recorded value of 0.3 million was lower than the volume posted last year of 0.36 million. As of the previous 9 days, the stock’s Stochastic %D was 68.89%. Additionally, its Average True Range was 1.73.
During the past 100 days, Ameris Bancorp’s (ABCB) raw stochastic average was set at 84.27%, which indicates a significant decrease from 84.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.21% in the past 14 days, which was lower than the 30.49% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $56.16, while its 200-day Moving Average is $50.01. Now, the first resistance to watch is $62.06. This is followed by the second major resistance level at $62.50. The third major resistance level sits at $63.29. If the price goes on to break the first support level at $60.83, it is likely to go to the next support level at $60.04. Now, if the price goes above the second support level, the third support stands at $59.60.
Ameris Bancorp (NYSE: ABCB) Key Stats
There are 69,107K outstanding shares of the company, which has a market capitalization of 4.26 billion. As of now, sales total 1,523 M while income totals 269,110 K. Its latest quarter income was 436,030 K while its last quarter net income were 90,790 K.
