Ameris Bancorp (ABCB) Is Up 1.83% in One Week: What You Should Know

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Ameris Bancorp (ABCB) - Ameris Bancorp currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for outperformance in the market [4] Performance Metrics - Over the past week, ABCB shares increased by 1.83%, while the Zacks Banks - Southeast industry rose by 3.62% [6] - In a longer timeframe, ABCB's monthly price change is 11.69%, outperforming the industry's 10.99% [6] - Over the last quarter, ABCB shares have risen by 4.71%, and they are up 17.4% over the past year, compared to the S&P 500's increases of 3.31% and 13.94%, respectively [7] Trading Volume - ABCB's average 20-day trading volume is 392,374 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - Recent earnings estimate revisions for ABCB show 4 estimates moving higher with none lower, increasing the consensus estimate from $5.79 to $5.96 over the past 60 days [10] - For the next fiscal year, 4 estimates have also moved upwards without any downward revisions [10] Conclusion - Given the strong performance metrics and positive earnings outlook, Ameris Bancorp is identified as a solid momentum pick with a Momentum Score of A and a Zacks Rank of 2 (Buy) [12]