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Ameris Bancorp: The Winning Streak Continues (ABCB)

By James Quinn

Shares of Ameris Bancorp (NASDAQ:ABCB) traded at a new 52-week high today of $51.28. So far today approximately 57,000 shares have been exchanged, as compared to an average 30-day volume of 198,000 shares.

Ameris Bancorp share prices have moved between a 52-week high of $51.28 and a 52-week low of $27.92 and are now trading 74% above that low price at $48.50 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has risen 0.3%.

Ameris Bancorp is a multi-bank holding company. The Banks provide a broad range of retail and commercial banking services to its customers, including checking and savings deposits, commercial and consumer loans, trust services, discount brokerage services, and electronic funds transfer services. Ameris Bancorp operates in Georgia, Florida and Alabama.

Ameris Bancorp (NASDAQ:ABCB) has potential upside of 3.6% based on a current price of $48.50 and analysts' consensus price target of $50.25. Ameris Bancorp shares have support at the 200-day moving average (MA) of $29.58 and additional support at the 50-day MA of $29.35.

SmarTrend is tracking the current trend status for Ameris Bancorp and will alert subscribers who have ABCB in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows ameris bancorp

Ticker(s): ABCB