Ameris Bancorp (NASDAQ:ABCB)
A financial holding company whose business is conducted primarily through its wholly-owned subsidiaries which provide a full range of banking services to retail and commercial customers.
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Very strong bank
Leverage Ratio 12.01%
Core Capital Ratio 17.75%
Total Capital Ratio 19.01%
Debt=42m
Eq=273m
Insiders=3.2%
They get deposits whenever a bank in Georgia goes down. Should be definitely worth more than 14 if the economy improves. Looking to buy under 9.
Recs
earnings, net margins, sales growth, ROE all negative... current ratio under 1
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Here's the buy recommendation:
http://www.fool.com/investing/general/2010/11/30/rising-star-buy-ameris-bancorp.aspx?source=ihpsitota0000001&lidx=9
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Banks will recover value.
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Building an experimental portfolio that tracks stocks based on clusters of insider buys.
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strong fundamentals, baby thrown out with the bathwater in the financial sector meltdown
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Fool UK
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