Ameris Bancorp (NYSE: ABCB) stock enjoyed a major increase of 13.7% on 11/6/24. The shares closed at $71.14. Moreover, exceptionally high trading volume at 284% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 14.2% 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). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Ameris Bancorp has a good Appreciation Score of 79 and a very high Power Rating of 91, resulting in the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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