Ameris Bancorp PT Raised to $23.00 at Keefe, Bruyette & Woods (ABCB)
Analysts at Keefe, Bruyette & Woods hoisted their price target on shares of Ameris Bancorp (NASDAQ:ABCB) from $21.00 to $23.00 in a research report issued to clients and investors on Wednesday, American Banking News reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 28.49% from the stock’s previous close.
Ameris Bancorp (NASDAQ:ABCB) traded down 0.17% on Wednesday, hitting $17.90. The stock had a trading volume of 379,516 shares. Ameris Bancorp has a 52 week low of $10.21 and a 52 week high of $19.84. The stock’s 50-day moving average is $19.14 and its 200-day moving average is $16.46. The company has a market cap of $427.7 million and a P/E ratio of 27.25.
Ameris Bancorp (NASDAQ:ABCB) last announced its earnings results on Monday, October 21st. The company reported $0.26 EPS for the quarter. On average, analysts predict that Ameris Bancorp will post $0.98 earnings per share for the current fiscal year.
Ameris Bancorp (NASDAQ:ABCB) is a financial holding company.
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