Ameris Bancorp (NASDAQ:ABCB) Director Elizabeth A. Mccague Purchases 800 Shares
Ameris Bancorp (NASDAQ:ABCB) Director Elizabeth A. Mccague bought 800 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The stock was purchased at an average price of $37.50 per share, with a total value of $30,000.00. Following the completion of the purchase, the director now owns 7,692 shares in the company, valued at $288,450. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
NASDAQ:ABCB traded up $0.15 during trading hours on Friday, reaching $38.28. 190,666 shares of the company were exchanged, compared to its average volume of 333,429. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.95 and a current ratio of 0.96. The stock has a market capitalization of $1.80 billion, a PE ratio of 11.33 and a beta of 1.44. Ameris Bancorp has a twelve month low of $29.97 and a twelve month high of $58.10.
Ameris Bancorp (NASDAQ:ABCB) last posted its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.90 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.02). The company had revenue of $130.20 million for the quarter, compared to analyst estimates of $130.90 million. Ameris Bancorp had a return on equity of 11.24% and a net margin of 23.09%. The business’s revenue was up 36.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 earnings per share. Research analysts forecast that Ameris Bancorp will post 4 earnings per share for the current year.
Large investors have recently bought and sold shares of the business. Toronto Dominion Bank acquired a new position in Ameris Bancorp during the fourth quarter worth $26,000. Versant Capital Management Inc raised its position in Ameris Bancorp by 1,124.7% during the first quarter. Versant Capital Management Inc now owns 1,090 shares of the bank’s stock worth $37,000 after acquiring an additional 1,001 shares during the period. PNC Financial Services Group Inc. raised its position in Ameris Bancorp by 113.1% during the first quarter. PNC Financial Services Group Inc. now owns 1,643 shares of the bank’s stock worth $57,000 after acquiring an additional 872 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in Ameris Bancorp during the fourth quarter worth $56,000. Finally, Stephens Inc. AR raised its position in Ameris Bancorp by 28.6% during the fourth quarter. Stephens Inc. AR now owns 3,497 shares of the bank’s stock worth $111,000 after acquiring an additional 777 shares during the period. Institutional investors own 87.03% of the company’s stock.
About Ameris Bancorp
Ameris Bancorp operates as the bank holding company for Ameris Bank that provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. The company operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division, and Premium Finance Division.
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