Ameris Bancorp (ABCB)

Ameris Bancorp is trading at $84.97, up 1.70% on the session. The 50 day average sits at $88.53 and the 200 day at $82.57, which puts the stock in a uptrend. RSI is at 40.3, which reads as weak, and MACD is bearish crossover. Volume is average.

The nearest support is around $83.20 with resistance near $90.00, so that band frames the current range. Average daily movement is roughly $1.47, or about 1.7% of the share price, which is what any stop placement has to allow for. The overall health score of 54 out of 100 combines a trend score of 57, momentum of 28 and a risk score of 84.

Ameris Bancorp operates as the bank holding company for Ameris Bank that provides various banking services to retail and commercial customers. It operates through four segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, and Premium Finance Division. The company offers commercial and retail checking, interest-bearing savings, money market, individual retirement, and certificates of deposit accounts. It also provides commercial real estate, residential real estate mortgage, agricultural, and commercial and industrial loans; consumer loans, including home improvement and home equity loans, as well as loans secured by savings accounts and personal credit lines. In addition, the company originates, administers, and services commercial insurance premium loans; equipment finance loans; and small business administration loans. Further, it operates full-service domestic banking offices, and mortgage and loan production offices. Ameris Bancorp was founded in 1971 and is headquartered in Atlanta, Georgia.