Ameris Bancorp (ABCB): Analysis on simple moving average

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Ameris Bancorp (NASDAQ:ABCB) changes shares on Friday trading session, with a change of -10.02% or -$2.37 shares. The trading starts at $23.05 and closed at $23.65 throughout the day. The trading session low price was $21.23 and day high was $23.05 on Friday, June 26. After the session, the Financial sector daily volume shifted to 1.46 million while its average volume is 457.46K. In other hand, the ABCB market cap reached to $1.54B. While, its current target price is $21.28 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -10.70% and down -14.12% for month. Its quarterly performance was -5.51% below, while its half year performance is down -50.65%. ABCB yearly performance stood at negative -45.35% and fall -49.98% for year-to-date. Current recommendation for Ameris Bancorp is 1.70.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. ABCB EPS (TTM) for 12-month is 2.28. EPS for this year is -1.60%, while for the next year its value is 2.63. Sales growth for the current quarter is 1.16 while its EPS Q/Q reached -66.90%. It has an EPS of 13.50% up for past five years and for the next five years will be up 8.00%.

The company posted an EPS (TTM) of 2.28. According to the most recent quarter report on (Jun 2020), 6 analysts estimated an average EPS of 0.61, while 0.96 EPS posted a year ago period. Analyst Estimated EPS for ABCB published in the report was 0.49-0.74 during the same period. Comparing with last year, the average estimated EPS was 0.96 which is higher than 0.28 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for ABCB fall -38.36% for period of 200 days. SMA for 50 days was -9.60% which is showing red signal, while SMA-20 was -15.17%. The moving average value for Ameris Bancorp (ABCB) is 31.12 and 23.66 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in ABCB stock. On Mar 17, Choate William Millard, Director, sold 8,000 trading shares at the cost of $23.99, which valued at 0.19 million. On Mar 13, Pierson Michael T, EVP & Chief Operations Officer, bought 2,000 shares at the cost of $25.48, with total shares of 38,079. On Mar 13, PROCTOR H PALMER JR, President & CEO, bought 10,000 shares at the cost of 24.33. After this transaction, PROCTOR H PALMER JR total shares reached to 213,639 which valued at 0.24 million.