With 0.63 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.35 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $70.74 whereas the lowest price it dropped to was $68.77. The 52-week range on ABCB shows that it touched its highest point at $71.96 and its lowest point at $38.71 during that stretch. It currently has a 1-year price target of $70.00. With its current market cap of 4.79 billion, ABCB has annualized dividend of $0.60 while the current yield stands at 0.87%. Beta for the stock currently stands at 1.04.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ABCB was up-trending over the past week, with a rise of 11.82%, but this was up by 14.03% over a month. Three-month performance surged to 23.21% while six-month performance rose 38.45%. The stock gained 70.40% in the past year, while it has gained 30.67% so far this year. A look at the trailing 12-month EPS for ABCB yields 4.79 with Next year EPS estimates of 5.03. For the next quarter, that number is 1.20. This implies an EPS growth rate of 21.25% for this year and 3.71% for next year. EPS is expected to grow by 8.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 6.83%.
Float and Shares Shorts:
At present, 69.05 million ABCB shares are outstanding with a float of 65.18 million shares on hand for trading. On 2024-10-15, short shares totaled 0.88 million, which was 128.0 higher than short shares on 1726185600. In addition to Mr. James B. Miller Jr. as the firm’s Executive Chairman, Mr. H. Palmer Proctor Jr. serves as its Vice Chairman & CEO.
Institutional Ownership:
Through their ownership of 0.92623 of ABCB’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ABCB since 4 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ABCB analysts setting a high price target of 78.0 and a low target of 67.0, the average target price over the next 12 months is 70.0. Based on these targets, ABCB could surge 12.52% to reach the target high and fall by -3.35% to reach the target low. Reaching the average price target will result in a growth of 0.98% from current levels.
Analysts have provided yearly estimates in a range of $4.60104 being high and $4.47847 being low. For ABCB, this leads to a yearly average estimate of $4.56333. The surprise factor in the prior quarter was $1.14. Based on analyst estimates, the high estimate for the next quarter is $1.25 and the low estimate is $1.06. The average estimate for the next quarter is thus $1.18.
