In a report released today, Casey Whitman from Piper Sandler maintained a Buy rating on Ameris Bancorp (ABCB – Research Report), with a price target of $42.00. The company’s shares closed yesterday at $41.58.
According to TipRanks, Whitman is a 4-star analyst with an average return of 9.9% and a 58.70% success rate. Whitman covers the Financial sector, focusing on stocks such as Southern First Bancshares, WesBanco, and Capital Bancorp.
Ameris Bancorp has an analyst consensus of Strong Buy, with a price target consensus of $43.33.
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The company has a one-year high of $53.61 and a one-year low of $28.20. Currently, Ameris Bancorp has an average volume of 456K.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ABCB in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Ameris Bancorp is a bank holding company, which through the subsidiary, Ameris Bank, engages in the provision of banking services to its retail and commercial customers. It operates through the following business segments: Banking, Retail Mortgage, Warehouse Lending, the SBA and Premium Finance. The Banking segment offers full service financial services to include commercial loans, consumer loans and deposit accounts. The Retail Mortgage segment includes origination, sales, and servicing of one-to-four family residential mortgage loans. The Warehouse Lending segment includes the origination and servicing of warehouse lines to other businesses that are secured by underlying one-to-four family residential mortgage loans. The SBA segment comprises of origination, sales, and servicing of small business administration loans. The Premium Finance segment comprises origination and servicing of commercial insurance premium finance loans. The company was founded on December 18, 1980 and is headquartered in Moultrie, GA.
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