Ameris Bancorp (ABCB) was one of the Russell 2000's biggest losers for Friday January 22 as the stock slid 5.41% to $27.64, a loss of $-1.58 per share. Starting at an opening price of $28.29 a share, the stock traded between $26.68 and $29.65 over the course of the trading day. Volume was 825,357 shares over 4,877 trades, against an average daily volume of 300,090 shares and a total float of 32.2 million.
The losses send Ameris Bancorp down to a market cap of $889.9 million. In the last year, Ameris Bancorp has traded between $35.21 and $22.71, and its 50-day SMA is currently $33.03 and 200-day SMA is $28.44.
The stock has a P/E Ratio of 23.8.
Ameris Bancorp is a financial holding company through its subsidiary Ameris Bank operates a full service banking services to its retail and commercial customers.
Ameris Bancorp is based out of Moultrie, GA and has some 1,027 employees. Its CEO is Edwin W. Hortman.
For a complete fundamental analysis analysis of Ameris Bancorp, check out Equities.com’s Stock Valuation Analysis report for ABCB. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.
The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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