Stock Alert :- Ameris Bancorp (NASDAQ:ABCB)

Ameris Bancorp (NASDAQ:ABCB) losed with change of -2.05% to $55 with the total traded volume of 765524 shares versus to an average volume of 234.29K. The stock was down in the 5 days activity -3.08%. The one month performance of stock was 4.76%. ABCB shares are at 2.14% for the quarter and driving a 22.91% return over the course of the past year and is now at 14.11% since this point in 2018.  Right now ABCB beta is 1.21. The average volatility for the week and month was at 1.61% 1.83% respectively. There are 38.36M shares outstanding and 37.07M shares are floated in market.

Ameris Bancorp (NASDAQ:ABCB) reported that it completed the acquisition of Atlantic Coast Financial Corporation (“ACFC”) as of May 25, 2018.  Immediately following the acquisition, ACFC’s banking subsidiary, Atlantic Coast Bank, was merged with and into the Company’s banking subsidiary, Ameris Bank, with Ameris Bank the surviving bank in the merger.  Atlantic Coast Bank previously operated twelve banking locations, eight of which are located in Jacksonville, Florida, with the remaining four located in Southeast Georgia.

Under the terms of the merger agreement between ACFC and the Company, ACFC’s stockholders are entitled to receive for each share of ACFC common stock outstanding $1.39 in cash and 0.17 shares of the common stock of the Company.  Cash will be paid in lieu of fractional shares of the Company’s common stock.

Shares of Ameris Bancorp have been recently spotted trading -6.86% off of the 52-week high price. On the other end, company shares have been noted 33.98% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 41.05 – 59.05. Switching over to some distances from popular moving averages, we see that the stock has been recorded 2.26% away from the 50 day moving average and 9.26% away from the 200 day moving average. Moving closer, we can see that shares have been trading 0.41% off of the 20-day moving average. 1460 employees work in the Company. It has market cap of $2.11B and dividend yield of 0.73%.

Roosevelt Jenkins

Roosevelt Jenkins

Roosevelt Jenkins also covers the business news across all market sectors for He also has an enormous knowledge of stock market.  Jacob holds an MBA degree from University of Florida. He has more than 10 years of experience in writing financial and market news. He previously worked at a number of companies in different role including web developer, software engineer and product manager. He currently covers Business news section for Email Contact – Address: 467 Sheppard Ave, Toronto, Ontario Zip Code - M1S 1T4 Phone Number - 416-297-6327

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