Ameris Bancorp (ABCB) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 14.86% over the past one month time frame.
This Southeast bank witnessed one downward estimate revision over the past 30 days. The Zacks Consensus Estimate also moved lower over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
Ameris Bancorp holds a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%.
However some better-ranked stocks in the sector include Access National Corporation (ANCX), Bank of Kentucky Financial Corp. (BKYF) and SY Bancorp Inc. (SYBT). All these stocks sport a Zacks Rank #1 (Strong Buy).
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