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 $8.9 million.
  • ABCB has traded 3,818 shares today.
  • ABCB is trading at a new lifetime high.

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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 0.7%. ABCB has a PE ratio of 24. Currently there are 3 analysts that rate Ameris Bancorp a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Ameris Bancorp has been 172,300 shares per day over the past 30 days. Ameris has a market cap of $913.1 million and is part of the financial sector and banking industry. The stock has a beta of 1.09 and a short float of 3.8% with 3.96 days to cover. Shares are up 9.6% year-to-date as of the close of trading on Tuesday.

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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, solid stock price performance, expanding profit margins and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 1.2%. Since the same quarter one year prior, revenues rose by 19.2%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • Compared to its closing price of one year ago, ABCB's share price has jumped by 28.05%, exceeding the performance of the broader market during that same time frame. 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.
  • The gross profit margin for AMERIS BANCORP is currently very high, coming in at 90.44%. Regardless of ABCB's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, ABCB's net profit margin of 2.01% is significantly lower than the industry average.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. When compared to other companies in the Commercial Banks industry and the overall market, AMERIS BANCORP's return on equity is below that of both the industry average and the S&P 500.
  • AMERIS BANCORP has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings 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 3.8% in earnings ($1.41 versus $1.46).

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