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AMERIS BANCORP TO ANNOUCE FIRST QUARTER 2024 EARNINGS ON APRIL 25, 2024
PRNewswire (Wed, 3-Apr 4:05 PM ET)
Brady Gailey Joins Ameris Bank as Executive Director of Corporate Development
PRNewswire (Mon, 18-Mar 8:00 AM ET)
Ameris Bank Recognized for Excellence in Small Business Banking
PRNewswire (Fri, 23-Feb 4:05 PM ET)
Ameris Bancorp Appoints Claire E. McLean to its Board of Directors
PRNewswire (Wed, 7-Feb 4:15 PM ET)
AMERIS BANCORP ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS
PRNewswire (Thu, 25-Jan 4:14 PM ET)
Ameris Bancorp is a bank holding company that operates through Ameris Bank, its subsidiary. The company operates branches in Georgia, Alabama, Florida, and South Carolina. It offers traditional banking services such as business banking, personal banking, checking, savings, mobile banking, and others. The bank is organized into five segments: banking, retail mortgage, warehouse lending, SBA, and premium finance. The company generates most of its revenue from the banking segment. Ameris intends to acquire banks in its geographic region to increase its market share and expand beyond its current market.
Ameris Bancorp trades on the NASDAQ stock market under the symbol ABCB.
As of April 23, 2024, ABCB stock price climbed to $47.86 with 201,259 million shares trading.
ABCB has a beta of 1.67, meaning it tends to be more sensitive to market movements. ABCB has a correlation of 0.30 to the broad based SPY ETF.
ABCB has a market cap of $3.30 billion. This is considered a Mid Cap stock.
Last quarter Ameris Bancorp reported $262 million in Revenue and $1.07 earnings per share. This fell short of revenue expectation by $-2 million and missed earnings estimates by -$.03.
In the last 3 years, ABCB stock traded as high as $59.85 and as low as $28.33.
The top ETF exchange traded funds that ABCB belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.
ABCB has outperformed the market in the last year with a price return of +42.6% while the SPY ETF gained +24.3%. However, in the short term, ABCB had mixed performance relative to the market. It has underperformed in the last 3 months, returning -9.6% vs +4.9% return in SPY. But in the last 2 weeks, ABCB shares have fared better than the market returning +0.6% compared to SPY -2.5%.
ABCB support price is $45.78 and resistance is $47.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ABCB stock will trade within this expected range on the day.