Ameris Bancorp (NASDAQ: ABCB) has reported E.P.S. of $1.08 for its first fiscal quarter (ending March 31) versus $0.87 for the same period a year ago. E.P.S. were $4.11 for the latest four quarters through March 31 versus $4.70 for the same period a year ago.
Recent Price Action
On 4/25/24, Ameris Bancorp (NASDAQ: ABCB) stock declined modestly by -1.5%, closing at $47.51. However, this decline was accompanied by below average trading volume at 76% of normal. Relative to the market the stock has been strong over the last nine months and has risen 6.7% during the last week.
Current PriceTarget Research Rating
ABCB’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Ameris Bancorp has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Ameris Bancorp has a good Power Rating of 79 and a good Appreciation Score of 85, producing the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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