Are Ameris Bancorp (NASDAQ:ABCB) shares too expensive at this price?

As of close of business last night, Ameris Bancorp’s stock clocked out at $36.79, up 0.14% from its previous closing price of $36.74. In other words, the price has increased by $+0.05 from its previous closing price. On the day, 1360758 shares were traded. ABCB stock price reached its highest trading level at $36.92 during the session, while it also had its lowest trading level at $34.28.

From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio

The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.

Get our free report, "Top 5 AI Stocks to Buy for 2023".



To gain a deeper understanding of ABCB’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.08 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.53. In the meantime, Its Debt-to-Equity ratio is 0.16 whereas as Long-Term Debt/Eq ratio is at 0.16.

Upgrades & Downgrades

Stephens Downgraded its Overweight to Equal-Weight on September 30, 2021, while the target price for the stock was maintained at $56.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 10 when Bowen William I. Jr. bought 670 shares for $41.20 per share. The transaction valued at 27,604 led to the insider holds 22,872 shares of the business.

Veal Jimmy D sold 1,120 shares of ABCB for $58,093 on Nov 21. The Director now owns 88,425 shares after completing the transaction at $51.87 per share. On Nov 21, another insider, Veal Jimmy D, who serves as the Director of the company, sold 810 shares for $51.89 each. As a result, the insider received 42,029 and left with 13,020 shares of the company.

Valuation Measures:

As of this moment, Ameris’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.37, and their Forward P/E ratio for the next fiscal year is 7.04. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.85 while its Price-to-Book (P/B) ratio in mrq is 0.80.

Stock Price History:

Over the past 52 weeks, ABCB has reached a high of $54.24, while it has fallen to a 52-week low of $36.04. The 50-Day Moving Average of the stock is 46.92, while the 200-Day Moving Average is calculated to be 47.08.

Shares Statistics:

It appears that ABCB traded 389.16K shares on average per day over the past three months and 792.69k shares per day over the past ten days. A total of 69.14M shares are outstanding, with a floating share count of 65.65M. Insiders hold about 3.20% of the company’s shares, while institutions hold 91.70% stake in the company. Shares short for ABCB as of Jan 30, 2023 were 1.7M with a Short Ratio of 1.63M, compared to 1.56M on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.45% and a Short% of Float of 3.54%.

Dividends & Splits

With its trailing 12-month dividend rate of 0.60, ABCB has a forward annual dividend rate of 0.60. Against a Trailing Annual Dividend Yield of 1.63%, it implies a Forward Annual Dividend Yield of 1.24%. The stock’s 5-year Average Dividend Yield is 1.31. The current Payout Ratio is 12.00% for ABCB, which recently paid a dividend on Jan 08, 2023 with an ex-dividend date of Dec 28, 2022. Stock splits for the company last occurred on Jun 27, 2010 when the company split stock in a 211:210 ratio.

Earnings Estimates

As of right now, 5 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $1.25 for the current quarter, with a high estimate of $1.32 and a low estimate of $1.22, while EPS last year was $1.17. The consensus estimate for the next quarter is $1.29, with high estimates of $1.33 and low estimates of $1.25.

Analysts are recommending an EPS of between $5.3 and $5 for the fiscal current year, implying an average EPS of $5.16. EPS for the following year is $5.22, with 5 analysts recommending between $5.34 and $5.07.

Revenue Estimates

In the current quarter, 4 analysts expect revenue to total $270.32M. It ranges from a high estimate of $271.09M to a low estimate of $269.04M. As of the current estimate, Ameris Bancorp’s year-ago sales were $259.45M, an estimated increase of 4.20% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $281.97M, an increase of 2.50% less than the figure of $4.20% in the same quarter last year. There is a high estimate of $283.75M for the next quarter, whereas the lowest estimate is $280.5M.

A total of 4 analysts have provided revenue estimates for ABCB’s current fiscal year. The highest revenue estimate was $1.13B, while the lowest revenue estimate was $1.12B, resulting in an average revenue estimate of $1.13B. In the same quarter a year ago, actual revenue was $1.09B, up 3.90% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $1.17B in the next fiscal year. The high estimate is $1.19B and the low estimate is $1.15B. The average revenue growth estimate for next year is up 4.10% from the average revenue estimate for this year.