The Relative Strength (RS) Rating for Ameris Bancorp entered a new percentile Tuesday, as it got a lift from 68 to 71.
This exclusive rating from Investor's Business Daily identifies price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves. See if Ameris Bancorp can continue to show renewed price strength and hit that benchmark.
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Ameris Bancorp is not currently offering a proper buying opportunity. See if the stock goes on to form a chart pattern that could spark a new run.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 29%, compared to 19% in the prior report. Revenue increased from 5% to 11%. Keep an eye out for the company's next round of numbers on or around Apr. 24.
The company earns the No. 31 rank among its peers in the Banks-Southeast industry group. USCB Financial Holdings, Southern States Bcshs and ServisFirst Bancshares are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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