Ameris Bancorp (NASDAQ:ABCB)‘s stock had its “buy” rating reissued by equities research analysts at Stephens in a report issued on Friday. They presently have a $54.00 price objective on the bank’s stock. Stephens’ price target would indicate a potential upside of 14.53% from the stock’s previous close.

Several other analysts also recently weighed in on the stock. BidaskClub downgraded shares of Ameris Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $51.00 price target on shares of Ameris Bancorp in a research note on Monday, June 26th. ValuEngine raised shares of Ameris Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research raised shares of Ameris Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, April 28th. Finally, SunTrust Banks, Inc. raised shares of Ameris Bancorp from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $49.60.

Ameris Bancorp (NASDAQ:ABCB) traded down 1.0658% during midday trading on Friday, reaching $46.6475. The company’s stock had a trading volume of 75,279 shares. The company has a market cap of $1.66 billion, a PE ratio of 20.3612 and a beta of 1.28. The stock has a 50-day moving average price of $47.16 and a 200 day moving average price of $46.01. Ameris Bancorp has a 12 month low of $30.79 and a 12 month high of $51.28.

Ameris Bancorp (NASDAQ:ABCB) last posted its quarterly earnings results on Friday, April 21st. The bank reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.02. The business had revenue of $86.30 million during the quarter, compared to the consensus estimate of $86.84 million. Ameris Bancorp had a net margin of 22.56% and a return on equity of 12.74%. Analysts expect that Ameris Bancorp will post $2.60 earnings per share for the current fiscal year.

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In related news, EVP Jon S. Edwards sold 13,033 shares of the business’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $47.23, for a total transaction of $615,548.59. Following the transaction, the executive vice president now owns 50,757 shares in the company, valued at $2,397,253.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Lawton E. Bassett III sold 5,204 shares of the business’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $47.23, for a total transaction of $245,784.92. Following the transaction, the president now owns 32,214 shares in the company, valued at approximately $1,521,467.22. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 1,860 shares of company stock worth $84,541 and sold 78,474 shares worth $3,691,854. 3.63% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue boosted its position in shares of Ameris Bancorp by 7.4% in the first quarter. State of Alaska Department of Revenue now owns 4,050 shares of the bank’s stock valued at $186,000 after buying an additional 280 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Ameris Bancorp by 6.4% in the first quarter. Louisiana State Employees Retirement System now owns 14,900 shares of the bank’s stock valued at $687,000 after buying an additional 900 shares in the last quarter. TNB Financial bought a new position in shares of Ameris Bancorp during the first quarter valued at about $422,000. Bank of Montreal Can boosted its position in shares of Ameris Bancorp by 22.1% in the first quarter. Bank of Montreal Can now owns 56,194 shares of the bank’s stock valued at $2,590,000 after buying an additional 10,174 shares in the last quarter. Finally, GW&K Investment Management LLC boosted its position in shares of Ameris Bancorp by 8.1% in the first quarter. GW&K Investment Management LLC now owns 733,473 shares of the bank’s stock valued at $33,813,000 after buying an additional 54,689 shares in the last quarter. Institutional investors own 84.17% of the company’s stock.

Ameris Bancorp Company Profile

Ameris Bancorp is a financial holding company. The Company’s business is conducted through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. The Company operates through four segments: the Banking Division, the Retail Mortgage Division, the Warehouse Lending Division and the SBA Division.

Analyst Recommendations for Ameris Bancorp (NASDAQ:ABCB)

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