ABCB Stock Summary and Trading Ideas (Ameris Bancorp | NASDAQ:ABCB)

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 15, 2024, ABCB stock price declined to $45.05 with 237,996 million shares trading.

ABCB has a beta of 1.85, meaning it tends to be more sensitive to market movements. ABCB has a correlation of 0.34 to the broad based SPY ETF.

ABCB has a market cap of $3.11 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): VTI, VB, IWM, VBR, VXF.

ABCB has outperformed the market in the last year with a return of +36.6%, while the SPY ETF gained +23.9%. However, in the most recent history, ABCB shares have underperformed the stock market with its stock returning -11.0% in the last 3 month period and -5.0% for the last 2 week period, while SPY has returned +6.2% and -3.4%, respectively.

ABCB support price is $44.20 and resistance is $46.12 (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.