Insider Bets Paying Off At ABCB As New 52-Week High Reached

In trading on Monday, shares of Ameris Bancorp ( ABCB) touched a new 52-week high of $24.25/share. That's a 38.41% rise, or $6.73 per share from the 52-week low of $17.52 set back on 10/11/2013. That means at today's intraday high, any investor who purchased ABCB stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, ABCB has seen 4 different instances of insiders buying over the trailing six month period.

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Purchased Insider Title Shares Price/Share Value
04/25/2014 Jimmy D. Veal Director 3,180 $22.39 $71,190.95
05/06/2014 Brooks Sheldon Director 1,000 $20.40 $20,400.00
05/20/2014 Leo J. Hill Director 3,056 $19.74 $60,316.48
06/13/2014 Robert Dale Ezzell Director 2,747 $21.78 $59,827.13

The chart below shows where ABCB has traded over the past year, with the 50-day and 200-day moving averages included.

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