For its third fiscal quarter (ending September 30), Ameris Bancorp (NYSE: ABCB) has reported a 24% increase in E.P.S. from $1.16 a year ago to $1.44 in the current quarter. E.P.S. were $4.80 for the latest four quarters through September 30 versus $4.13 for the same period a year ago — an increase of 16%.
Recent Price Action
On 10/24/24, Ameris Bancorp (NYSE: ABCB) stock rose modestly by 0.5%, closing at $63.03. Moreover, this advance was accompanied by above average trading volume at 145% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -4.6% during the last week.
Current PriceTarget Research Rating
ABCB is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Ameris Bancorp has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Ameris Bancorp has a good Appreciation Score of 78 and a very high Power Rating of 88, and the Highest Value Trend Rating results.
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.
Be the first to comment