Ameris Bancorp (NASDAQ:ABCB) Research Coverage Started at DA Davidson

DA Davidson initiated coverage on shares of Ameris Bancorp (NASDAQ:ABCB) in a report issued on Tuesday, Marketbeat.com reports. The firm issued a buy rating and a $87.00 target price on the bank’s stock. DA Davidson also issued estimates for Ameris Bancorp’s Q4 2025 earnings at $1.60 EPS, FY2025 earnings at $6.00 EPS and FY2026 earnings at $6.35 EPS.

ABCB has been the subject of a number of other research reports. Keefe, Bruyette & Woods increased their price target on Ameris Bancorp from $78.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Raymond James Financial reiterated an “outperform” rating and issued a $80.00 target price (up from $73.00) on shares of Ameris Bancorp in a report on Wednesday, October 29th. Piper Sandler set a $84.00 price target on shares of Ameris Bancorp in a report on Wednesday, October 29th. Finally, Truist Financial initiated coverage on shares of Ameris Bancorp in a research report on Tuesday. They issued a “hold” rating and a $80.00 price target for the company. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $78.57.

Ameris Bancorp Stock Performance

ABCB opened at $76.09 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.11. The firm has a market cap of $5.20 billion, a PE ratio of 14.60 and a beta of 1.04. The business has a fifty day simple moving average of $73.44 and a 200-day simple moving average of $69.16. Ameris Bancorp has a fifty-two week low of $48.27 and a fifty-two week high of $77.15.

Ameris Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 6th. Stockholders of record on Tuesday, September 30th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 30th. Ameris Bancorp’s dividend payout ratio is 13.84%.

Ameris Bancorp announced that its board has initiated a share repurchase program on Monday, October 20th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the bank to buy up to 4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Institutional Trading of Ameris Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of ABCB. American Century Companies Inc. grew its stake in Ameris Bancorp by 10.8% in the second quarter. American Century Companies Inc. now owns 2,077,359 shares of the bank’s stock valued at $134,405,000 after purchasing an additional 202,165 shares in the last quarter. North Reef Capital Management LP lifted its holdings in shares of Ameris Bancorp by 4.8% during the 3rd quarter. North Reef Capital Management LP now owns 1,981,061 shares of the bank’s stock valued at $145,232,000 after buying an additional 91,043 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Ameris Bancorp by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 1,573,486 shares of the bank’s stock valued at $101,815,000 after buying an additional 11,909 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Ameris Bancorp by 3.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,258,436 shares of the bank’s stock valued at $92,256,000 after buying an additional 39,478 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Ameris Bancorp in the first quarter worth approximately $56,202,000. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

About Ameris Bancorp

Ameris Bancorp operates as the bank holding company for Ameris Bank that provides range of banking services to retail and commercial customers. It operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division, and Premium Finance Division. The company offers commercial and retail checking, regular interest-bearing savings, money market, individual retirement, and certificates of deposit accounts.