Ameris Bancorp traded at $89.32 this Wednesday June 24th, increasing $0.97 or 1.10 percent since the previous trading session. Looking back, over the last four weeks, Ameris Bancorp gained 4.21 percent. Over the last 12 months, its price rose by 41.44 percent. Looking ahead, we forecast Ameris Bancorp to be priced at 85.79 by the end of this quarter and at 80.59 in one year, according to Trading Economics global macro models projections and analysts expectations.
Ameris Bancorp is a financial holding company. The Company conducts its operations through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. The Company's segments include Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division and Premium Finance Division. The Banking Division includes delivery of financial services, including commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division includes the sales and servicing of one-to-four family residential mortgage loans. The Warehouse Lending Division includes the origination and servicing of warehouse lines to other businesses that are secured by underlying one-to-four family residential mortgage loans. The SBA Division includes the sales and servicing of Small Business Administration (SBA) loans. The Premium Finance Division includes the servicing of commercial insurance premium finance loans.