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Ameris Bancorp (NASDAQ:ABCB) was upgraded by research analysts at Sandler O’Neill from a “hold” rating to a “buy” rating in a report released on Friday, TheFlyOnTheWall.com reports.

Shares of Ameris Bancorp (NASDAQ:ABCB) opened at 21.18 on Friday. Ameris Bancorp has a 52-week low of $17.52 and a 52-week high of $24.22. The stock’s 50-day moving average is $21.56 and its 200-day moving average is $21.46. The company has a market cap of $532.5 million and a P/E ratio of 24.10.

Ameris Bancorp (NASDAQ:ABCB) last announced its earnings results on Tuesday, July 22nd. The company reported $0.32 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.40 by $0.08. On average, analysts predict that Ameris Bancorp will post $1.62 earnings per share for the current fiscal year.

Separately, analysts at Zacks upgraded shares of Ameris Bancorp from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 29th. They now have a $24.70 price target on the stock.

Ameris Bancorp (NASDAQ:ABCB) is a financial holding company.

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