D.A. Davidson analyst Manuel Navas maintained a Buy rating on Ameris Bancorp (ABCB – Research Report) today. The company’s shares closed yesterday at $47.05.
Navas covers the Financial sector, focusing on stocks such as Oceanfirst Financial, Wsfs Financial, and Ameris Bancorp. According to TipRanks, Navas has an average return of -1.3% and a 49.25% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ameris Bancorp with a $58.33 average price target, implying a 23.97% upside from current levels. In a report released on January 26, KBW also reiterated a Buy rating on the stock with a $60.00 price target.
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The company has a one-year high of $53.99 and a one-year low of $28.01. Currently, Ameris Bancorp has an average volume of 410.4K.
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Ameris Bancorp (ABCB) Company Description:
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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