Ameris Bancorp Stock Downgraded (ABCB)
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- The gross profit margin for AMERIS BANCORP is currently very high, coming in at 76.00%. It has increased significantly from the same period last year. Despite the strong results of the gross profit margin, ABCB's net profit margin of 4.60% significantly trails the industry average.
- Despite the weak revenue results, ABCB has outperformed against the industry average of 18.6%. Since the same quarter one year prior, revenues slightly dropped by 0.9%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
- Compared to where it was a year ago today, the stock is now trading at a higher level, regardless of the company's weak earnings results. We feel that the combination of its price rise over the last year and its current price-to-earnings ratio relative to its industry tend to reduce its upside potential.
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Commercial Banks industry. The net income has significantly decreased by 88.4% when compared to the same quarter one year ago, falling from $16.46 million to $1.90 million.
- The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Commercial Banks industry and the overall market on the basis of return on equity, AMERIS BANCORP underperformed against that of the industry average and is significantly less than that of the S&P 500.
-- Written by a member of TheStreet Ratings Staff
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