Trade-Ideas LLC identified

Ameris Bancorp

(

ABCB

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Ameris Bancorp as such a stock due to the following factors:

  • ABCB has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $25.6 million.
  • ABCB has traded 7,649 shares today.
  • ABCB is trading at a new lifetime high.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in ABCB with the Ticky from Trade-Ideas. See the FREE profile for ABCB NOW at Trade-Ideas

More details on ABCB:

Ameris Bancorp operates as the bank holding company for Ameris Bank that provides banking services to retail and commercial customers in Georgia, Alabama, Florida, and South Carolina. The company operates through three segments: Banking Division, Mortgage Division, and SBA Division. The stock currently has a dividend yield of 0.6%. ABCB has a PE ratio of 27. Currently there are 2 analysts that rate Ameris Bancorp a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for Ameris Bancorp has been 280,300 shares per day over the past 30 days. Ameris has a market cap of $1.0 billion and is part of the financial sector and banking industry. The stock has a beta of 0.83 and a short float of 4.6% with 1.85 days to cover. Shares are up 23.1% year-to-date as of the close of trading on Wednesday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Ameris Bancorp as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, compelling growth in net income, solid stock price performance and growth in earnings per share. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 3.3%. Since the same quarter one year prior, revenues rose by 24.7%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Commercial Banks industry average. The net income increased by 34.0% when compared to the same quarter one year prior, rising from $11.66 million to $15.63 million.
  • The gross profit margin for AMERIS BANCORP is currently very high, coming in at 93.72%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 20.51% is above that of the industry average.
  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 32.61% over the past year, a rise that has exceeded that of the S&P 500 Index. We feel that the stock's sharp appreciation over the last year has driven it to a price level which is now somewhat expensive compared to the rest of its industry. The other strengths this company shows, however, justify the higher price levels.
  • AMERIS BANCORP has improved earnings per share by 11.6% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. However, we anticipate underperformance relative to this pattern in the coming year. During the past fiscal year, AMERIS BANCORP increased its bottom line by earning $1.46 versus $0.76 in the prior year. For the next year, the market is expecting a contraction of 7.5% in earnings ($1.35 versus $1.46).

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.