Ameris Bancorp Buyback
OLI recorded this information on 10/25/2018
Ameris Bancorp (Nasdaq: ABCB) (the "Company") announced today that its board of directors has authorized the Company to repurchase up to $100 million of its outstanding common stock. Repurchases of shares, which are authorized to occur over the next twelve months, will be made in accordance with applicable securities laws and may be made from time to time in the open market or by negotiated transactions. The amount and timing of repurchases will be based on a variety of factors, including share acquisition price, regulatory limitations and other market and economic factors. The program does not require the Company to repurchase any specific number of shares.
Ameris Bancorp is a financial holding company. Through its subsidiary, Ameris Bank, Co. provides a range of banking services to its retail and commercial customers in Georgia, Alabama, Florida and South Carolina. Co. provides agricultural loans, commercial business loans, commercial and residential real estate construction and mortgage loans, consumer loans, revolving lines of credit and letters of credit. Co. also provides a range of deposit accounts and services to both retail and commercial customers, which include commercial and retail checking accounts, regular interest-bearing savings accounts, money market accounts, individual retirement accounts and certificates of deposit.
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Strong Buy (3.71 out of 4)
(ranked higher than approx. 74% of all stocks covered)
Based on Zacks ABR data;
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