Ameris Bancorp Director Purchases $60,840 in Stock (ABCB)
Ameris Bancorp (NASDAQ:ABCB) Director William H. Stern purchased 3,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, February 21st. The stock was purchased at an average price of $20.28 per share, with a total value of $60,840.00. Following the acquisition, the director now directly owns 3,698 shares in the company, valued at approximately $74,995. The purchase was disclosed in a document filed with the SEC, which is available at this link.
Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Ameris Bancorp from $23.00 to $25.00 in a research note on Monday, January 27th.
Shares of Ameris Bancorp (NASDAQ:ABCB) traded up 0.44% during mid-day trading on Tuesday, hitting $20.43. 38,781 shares of the company’s stock traded hands. Ameris Bancorp has a 52-week low of $13.03 and a 52-week high of $22.48. The stock’s 50-day moving average is $20.38 and its 200-day moving average is $19.48. The company has a market cap of $490.7 million and a price-to-earnings ratio of 27.12.
Ameris Bancorp (NASDAQ:ABCB) last announced its earnings results on Thursday, January 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.09. On average, analysts predict that Ameris Bancorp will post $1.57 earnings per share for the current fiscal year.
Ameris Bancorp (NASDAQ:ABCB) is a financial holding company.
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