Ameris Bancorp (NASDAQ: ABCB) was downgraded by equities research analysts at TheStreet to a “hold” rating in a research note issued to investors on Friday.
Ameris Bancorp (Ameris) is a financial holding company. The Company’s business is conducted primarily through its wholly owned banking subsidiary, Ameris Bank (the Bank). The Bank provides a range of banking services to its retail and commercial customers who are primarily concentrated in selected markets in Georgia, Alabama, Florida and South Carolina. The Bank operates 53 domestic banking offices with no foreign activities.
Ameris Bancorp traded up 0.09% on Friday, hitting $10.84. Ameris Bancorp has a 52-week low of $8.31 and a 52-week high of $10.99. The stock has a 50-day moving average of $10.42 and a 200-day moving average of $9.6. The company has a market cap of $257.5 million and a price-to-earnings ratio of 15.06.