Ameris Bancorp Announces New Stock Repurchase Program

On October 25, Ameris Bancorp (ABCB) announced that its Board of Directors authorized a new share repurchase program. Under this program, Ameris Bancorp can repurchase up to $100 million in common shares over the next 12 months. Ameris Bancorp is a bank holding company with branch locations in Georgia, Florida, Alabama, and South Carolina.

 

Sonal received the news at 7:00 am and sent an alert to subscribers. The next trade was at the regular market open for $39.98. The stock price moved higher to close at $42.04. That makes an event day gain of 5% for investors.

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