Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Ameris Bancorp before investing.

In this article, we go over a few key elements for understanding Ameris Bancorp’s stock price such as:

• Ameris Bancorp’s current stock price and volume
• Why Ameris Bancorp’s stock price changed recently
• Upgrades and downgrades for ABCB from analysts
• ABCB’s stock price momentum as measured by its relative strength

About Ameris Bancorp (ABCB)

Before we jump into Ameris Bancorp’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Ameris Bancorp is a financial holding company, through its subsidiary, Ameris Bank (the Bank) provides a range of banking services to its retail and commercial customers in 164 locations in Georgia, Alabama, Florida, North Carolina and South Carolina. Its segments include the Banking Division, which provides full service financial services, including commercial loans, consumer loans and deposit accounts; the Retail Mortgage Division, which is engaged in origination, sales and servicing of one-to-four family residential mortgage loans; the Warehouse Lending Division is engaged in the origination and servicing of warehouse lines to other businesses are secured by underlying one-to-four family residential mortgage loans and residential mortgage servicing rights; the SBA Division is engaged in the origination, sales and servicing of small business administration loans, and the Premium Finance Division engaged in the origination and servicing of commercial insurance premium finance loans.

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Ameris Bancorp’s Stock Price as of Market Close

As of July 09, 2024, 4:00 PM, CST, Ameris Bancorp’s stock price was $50.87.

Ameris Bancorp is up 4.65% from its previous closing price of $48.61.

During the last market session, Ameris Bancorp’s stock traded between $48.55 and $49.76. Currently, there are 68.81 million shares of Ameris Bancorp stock available for purchase.

Ameris Bancorp’s price-earnings (P/E) ratio is currently at 11.9, which is high compared to the Banks industry median of 10.1. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Ameris Bancorp Stock Price History

Ameris Bancorp’s (ABCB) price is currently up 1.03% so far this month.

During the month of July, Ameris Bancorp’s stock price has reached a high of $51.25 and a low of $48.21.

Over the last year, Ameris Bancorp has hit prices as high as $53.99 and as low as $33.94. Year to date, Ameris Bancorp’s stock is up 7.91%.

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What Caused Ameris Bancorp Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 08, 2024, there were 2 analysts who downgraded Ameris Bancorp’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Ameris Bancorp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Ameris Bancorp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Ameris Bancorp’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Ameris Bancorp (ABCB) by visiting AAII Stock Evaluator.

Relative Price Strength of Ameris Bancorp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 08, 2024, Ameris Bancorp has a weighted four-quarter relative price strength of 2.09%, which translates to a Momentum Score of 80 and is considered to be Strong.

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Ameris Bancorp Stock Price: Bottom Line

As of July 9, 2024, Ameris Bancorp’s stock price is $50.87, which is up 4.65% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Ameris Bancorp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.