James A. Lahaise Sells 14,200 Shares of Ameris Bancorp (ABCB) Stock
Ameris Bancorp (NASDAQ:ABCB) insider James A. Lahaise sold 14,200 shares of Ameris Bancorp stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $46.58, for a total transaction of $661,436.00. Following the sale, the insider now owns 73,986 shares of the company’s stock, valued at $3,446,267.88. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Ameris Bancorp (NASDAQ ABCB) traded up $0.20 during mid-day trading on Thursday, reaching $47.20. 217,500 shares of the company’s stock traded hands, compared to its average volume of 194,233. The stock has a market cap of $1,749.86, a PE ratio of 18.95 and a beta of 1.19. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.07 and a quick ratio of 1.04. Ameris Bancorp has a 12-month low of $41.05 and a 12-month high of $51.30.
Ameris Bancorp (NASDAQ:ABCB) last released its earnings results on Thursday, October 19th. The bank reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.02). The firm had revenue of $93.85 million during the quarter, compared to analysts’ expectations of $96.89 million. Ameris Bancorp had a return on equity of 12.12% and a net margin of 21.57%. equities analysts anticipate that Ameris Bancorp will post 2.48 earnings per share for the current year.
ABCB has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. ValuEngine cut shares of Ameris Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Piper Jaffray Companies set a $48.00 price objective on shares of Ameris Bancorp and gave the stock a “hold” rating in a research note on Friday, October 6th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $52.00 price objective on shares of Ameris Bancorp in a research note on Thursday, October 26th. Finally, Stephens reissued a “buy” rating and set a $52.00 price objective on shares of Ameris Bancorp in a research note on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Ameris Bancorp presently has a consensus rating of “Hold” and an average price target of $52.25.
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About Ameris Bancorp
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.
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