A Director at Ameris Bancorp (ABCB) is Selling Shares


Today, a Director at Ameris Bancorp (NASDAQ: ABCB), Robert Dale Ezzell, sold shares of ABCB for $384.9K.

Following Robert Dale Ezzell’s last ABCB Sell transaction on July 29, 2015, the stock climbed by 30.2%. This is Ezzell’s first Sell trade following 4 Buy transactions.

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Based on Ameris Bancorp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $106 million and quarterly net profit of $26.66 million. In comparison, last year the company earned revenue of $92.76 million and had a net profit of $21.15 million. ABCB’s market cap is $2.15B and the company has a P/E ratio of 26.69. Currently, Ameris Bancorp has an average volume of 160.7K.

Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $62.33, reflecting a -9.0% downside.

The insider sentiment on Ameris Bancorp has been negative according to 53 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Ameris Bancorp is a bank holding company, which through the subsidiary, Ameris Bank, engages in the provision of banking services to its retail and commercial customers. It operates through the following business segments: Banking, Retail Mortgage, Warehouse Lending, the SBA and Premium Finance.

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