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Ameris Bancorp (ABCB) traded on unusually high volume on Jul. 11, as the stock lost 1.7% to close at $52.15. On the day, Ameris Bancorp saw 918,091 shares trade hands on 5,045 trades. Considering that the stock averages only a daily volume of 350,498 shares a day over the last month, this represents a pretty significant bump in volume over the norm.
Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.
The stock has traded between $59.05 and $41.05 over the last 52-weeks, its 50-day SMA is now $55.25, and its 200-day SMA $51.89. Ameris Bancorp has a P/B ratio of 2.85. It also has a P/E ratio of 25.3.
Ameris Bancorp provides business through its wholly owned banking subsidiary, Ameris Bank. Services include commercial real estate loans, which accounts for the major source of its income.
Headquartered in Moultrie, GA, Ameris Bancorp has 1,460 employees and is currently under the leadership of CEO Dennis J. Zember.
For a complete fundamental analysis analysis of Ameris Bancorp, check out Equities.com’s Stock Valuation Analysis report for ABCB.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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