Share on StockTwits

Ameris Bancorp (NASDAQ:ABCB) CAO Cindi H. Lewis sold 2,467 shares of Ameris Bancorp stock on the open market in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $20.41, for a total value of $50,351.47. Following the completion of the transaction, the chief accounting officer now directly owns 54,945 shares in the company, valued at approximately $1,121,427. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

A number of research firms have recently commented on ABCB. Analysts at Zacks upgraded shares of Ameris Bancorp from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 29th. They now have a $24.70 price target on the stock. Separately, analysts at SunTrust raised their price target on shares of Ameris Bancorp from $22.00 to $25.00 in a research note on Wednesday, March 12th. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Ameris Bancorp from $25.00 to $28.00 in a research note on Wednesday, March 12th.

Ameris Bancorp (NASDAQ:ABCB) traded down 1.77% during mid-day trading on Thursday, hitting $19.98. The stock had a trading volume of 136,860 shares. Ameris Bancorp has a one year low of $15.57 and a one year high of $24.22. The stock’s 50-day moving average is $22.17 and its 200-day moving average is $20.94. The company has a market cap of $502.4 million and a price-to-earnings ratio of 23.27.

Ameris Bancorp (NASDAQ:ABCB) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.01. On average, analysts predict that Ameris Bancorp will post $1.61 earnings per share for the current fiscal year.

Ameris Bancorp (NASDAQ:ABCB) is a financial holding company.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.