In the latest session, Ameris Bancorp (NASDAQ: ABCB) closed at $46.08 down -0.86% from its previous closing price of $46.48. In other words, the price has decreased by -$0.40 from its previous closing price. On the day, 478842 shares were traded.
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Ratios:
For a deeper understanding of Ameris Bancorp’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 0.20 whereas as Long-Term Debt/Eq ratio is at 0.20.
On April 04, 2023, Stephens started tracking the stock assigning a Equal-Weight rating and target price of $41.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 07 ’24 when EDWARDS JON S sold 7,500 shares for $47.35 per share. The transaction valued at 355,101 led to the insider holds 59,691 shares of the business.
Choate William Millard bought 7,490 shares of ABCB for $250,023 on May 23 ’23. The Director now owns 7,490 shares after completing the transaction at $33.38 per share. On May 17 ’23, another insider, McKendry William D, who serves as the Chief Risk Officer of the company, bought 1,000 shares for $30.14 each. As a result, the insider paid 30,140 and bolstered with 30,134 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ABCB now has a Market Capitalization of 3.18B. As of this moment, Ameris’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.83, and their Forward P/E ratio for the next fiscal year is 9.56. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.20 while its Price-to-Book (P/B) ratio in mrq is 0.93.
Stock Price History:
Over the past 52 weeks, ABCB has reached a high of $53.99, while it has fallen to a 52-week low of $28.33. The 50-Day Moving Average of the stock is 48.79, while the 200-Day Moving Average is calculated to be 42.33.
Shares Statistics:
For the past three months, ABCB has traded an average of 437.10K shares per day and 366.42k over the past ten days. A total of 69.05M shares are outstanding, with a floating share count of 65.18M. Insiders hold about 5.58% of the company’s shares, while institutions hold 92.80% stake in the company. Shares short for ABCB as of Feb 29, 2024 were 1.38M with a Short Ratio of 3.16, compared to 1.16M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.00% and a Short% of Float of 2.91%.
Dividends & Splits
According to the company, the forward annual dividend rate for ABCB is 0.60, from 0.60 in the trailing year. Against a Trailing Annual Dividend Yield of 1.29%, it implies a Forward Annual Dividend Yield of 1.30%. The stock’s 5-year Average Dividend Yield is 1.44. The current Payout Ratio is 15.41% for ABCB, which recently paid a dividend on Jan 08, 2024 with an ex-dividend date of Dec 28, 2023. Stock splits for the company last occurred on Jun 28, 2010 when the company split stock in a 211:210 ratio.
Earnings Estimates
There are 7 different market analysts currently analyzing its stock. On average, analysts expect EPS of $1.04 for the current quarter, with a high estimate of $1.09 and a low estimate of $0.97, while EPS last year was $0.87. The consensus estimate for the next quarter is $1.1, with high estimates of $1.16 and low estimates of $1.03.
Analysts are recommending an EPS of between $4.65 and $4.27 for the fiscal current year, implying an average EPS of $4.44. EPS for the following year is $4.85, with 7 analysts recommending between $5 and $4.7.
Revenue Estimates
A total of 5 analysts believe the company’s revenue will be $257.58M this quarter.It ranges from a high estimate of $261.3M to a low estimate of $253.6M. As of the current estimate, Ameris Bancorp’s year-ago sales were $267.7M, an estimated decrease of -3.80% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $266.75M, a decrease of -3.70% over than the figure of -$3.80% in the same quarter last year. There is a high estimate of $270.7M for the next quarter, whereas the lowest estimate is $262.83M.
A total of 5 analysts have provided revenue estimates for ABCB’s current fiscal year. The highest revenue estimate was $1.09B, while the lowest revenue estimate was $1.06B, resulting in an average revenue estimate of $1.08B. In the same quarter a year ago, actual revenue was $1.08B, down -0.20% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $1.15B in the next fiscal year. The high estimate is $1.17B and the low estimate is $1.12B. The average revenue growth estimate for next year is up 7.10% from the average revenue estimate for this year.
