On November 6, 2024, Robert Ezzell, Director at Ameris Bancorp (ABCB, Financial), executed a sale of 8,000 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now owns 27,444.1 shares of Ameris Bancorp.
Ameris Bancorp, headquartered in Atlanta, Georgia, operates as the bank holding company for Ameris Bank that provides banking services to retail and commercial customers. The bank offers a range of banking products including loans, deposits, and other banking services.
Shares of Ameris Bancorp were priced at $69.91 on the day of the transaction. The company currently holds a market cap of approximately $4.79 billion. The price-earnings ratio of the stock stands at 14.44, which is above the industry median of 10.67.
The GF Value of Ameris Bancorp is calculated at $50.08, indicating that the stock is currently Significantly Overvalued with a price-to-GF-Value ratio of 1.4. The GF Value is derived from historical trading multiples, an adjustment factor based on the company's past performance, and future business projections provided by Morningstar analysts.
Over the past year, there have been no insider purchases of Ameris Bancorp shares, but there have been 2 insider sales, including the recent sale by the insider. The insider's transaction history over the past year shows a total of 8,000 shares sold and no shares purchased.
This insider activity occurs amidst a backdrop where the stock's valuation metrics, such as the price-to-free cash flow, price-sales ratio, and price-book ratio, are assessed to gauge the company's financial health and market position relative to its historical performance and industry standards.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
