Ameris Bancorp Buyback
OLI recorded this information on 10/25/2018
Company:
Ameris Bancorp
Buyback:
ABCB buyback
$Amount Authorized:
$100,000,000
Buyback Details:
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 is a financial holding company. Through its subsidiary, Ameris Bank, Co. provides banking services to its retail and commercial customers who are concentrated in select markets in Georgia, Florida, North Carolina 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. provides deposit accounts and services to both retail and commercial customers, including commercial and retail checking accounts, regular interest-bearing savings accounts, money market accounts, individual retirement accounts and certificates of deposit.
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Avg. Broker Rec.
 
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Buy (3.29 out of 4) 45th percentile
(ranked lower than approx. 55% of all stocks covered)
Analysts' Target Price: ABCB Stock Forecast Based on Zacks ABR data; powered by Xignite |
