Stephens analyst Tyler Stafford assigned a Buy rating to Ameris Bancorp (ABCB) today and set a price target of $58. The company’s shares closed on Friday at $36.51.
According to TipRanks.com, Stafford is a 4-star analyst with an average return of 5.2% and a 53.3% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Pinnacle Financial Partners.
Ameris Bancorp has an analyst consensus of Strong Buy, with a price target consensus of $47.38.
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Based on Ameris Bancorp’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $43.54 million. In comparison, last year the company had a net profit of $9.15 million.
Based on the recent corporate insider activity of 45 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.
