Ameris Bancorp’s filing revealed that its Director Ezzell Robert Dale unloaded Company’s shares for reported $0.56 million on Nov 06 ’24. In the deal valued at $69.91 per share,8,000 shares were sold. As a result of this transaction, Ezzell Robert Dale now holds 27,444 shares worth roughly $1.74 million.
Then, Ezzell Robert Dale bought 10,134 shares, generating $640,975 in total proceeds.
Before that, EDWARDS JON S sold 7,500 shares. Ameris Bancorp shares valued at $355,101 were divested by the Chief Credit Officer at a price of $47.35 per share. As a result of the transaction, EDWARDS JON S now holds 59,691 shares, worth roughly $3.8 million.
Raymond James upgraded its Ameris Bancorp [ABCB] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including DA Davidson’s analysts, who increased its forecast for the stock in early October from “a Neutral” to “a Buy”. Stephens began covering ABCB with “an Equal-weight” recommendation on April 04, 2023.
Price Performance Review of ABCB
On Tuesday, Ameris Bancorp [NYSE:ABCB] saw its stock jump 0.92% to $63.58. Over the last five days, the stock has lost -2.72%. Ameris Bancorp shares have risen nearly 19.85% since the year began. Nevertheless, the stocks have risen 21.06% over the past one year. While a 52-week high of $74.56 was reached on 11/25/24, a 52-week low of $44.00 was recorded on 01/17/24. SMA at 50 days reached $66.65, while 200 days put it at $56.58.
Levels Of Support And Resistance For ABCB Stock
The 24-hour chart illustrates a support level at 63.01, which if violated will result in even more drops to 62.44. On the upside, there is a resistance level at 63.92. A further resistance level may holdings at 64.26. The Relative Strength Index (RSI) on the 14-day chart is 38.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.51%. Stochastics %K at 20.30% indicates the stock is a holding.
How much short interest is there in Ameris Bancorp?
A steep rise in short interest was recorded in Ameris Bancorp stocks on 2024-11-29, growing by 0.51 million shares to a total of 1.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.7 million shares. There was a rise of 42.37%, which implies that there is a positive sentiment for the stock.
