Somewhat Positive Press Coverage Somewhat Unlikely to Impact Ameris Bancorp (ABCB) Stock Price

News headlines about Ameris Bancorp (NASDAQ:ABCB) have trended somewhat positive recently, Accern reports. Accern rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ameris Bancorp earned a news impact score of 0.21 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 47.4208218197087 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the media headlines that may have effected Accern’s analysis:

Shares of Ameris Bancorp (NASDAQ:ABCB) traded down $0.35 during midday trading on Friday, reaching $48.55. The company’s stock had a trading volume of 120,092 shares, compared to its average volume of 183,231. The company has a current ratio of 1.07, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. Ameris Bancorp has a 52-week low of $41.05 and a 52-week high of $51.28. The firm has a market cap of $1,810.00, a price-to-earnings ratio of 19.58 and a beta of 1.19.

Ameris Bancorp (NASDAQ:ABCB) last issued its quarterly earnings data on Thursday, October 19th. The bank reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). Ameris Bancorp had a net margin of 21.57% and a return on equity of 12.12%. The firm had revenue of $93.85 million during the quarter, compared to analyst estimates of $96.89 million. research analysts expect that Ameris Bancorp will post 2.48 EPS for the current year.

A number of research analysts have commented on the company. Zacks Investment Research raised Ameris Bancorp from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Stephens reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Ameris Bancorp in a report on Thursday, September 28th. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $47.50 price objective on shares of Ameris Bancorp in a report on Thursday, October 5th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $52.00 price objective on shares of Ameris Bancorp in a report on Thursday, October 26th. Finally, ValuEngine lowered Ameris Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $52.25.

In related news, Director Leo J. Hill bought 1,000 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was purchased at an average cost of $42.75 per share, for a total transaction of $42,750.00. Following the transaction, the director now owns 16,629 shares in the company, valued at approximately $710,889.75. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.63% of the company’s stock.

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Ameris Bancorp Company Profile

Ameris Bancorp is a financial holding company. The Company’s business is conducted through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. The Company operates through four segments: the Banking Division, the Retail Mortgage Division, the Warehouse Lending Division and the SBA Division.

Insider Buying and Selling by Quarter for Ameris Bancorp (NASDAQ:ABCB)

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