There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Ameris Bancorp (NASDAQ:ABCB) and Cadence Bancorporation (NYSE:CADE) with bullish sentiments.
Ameris Bancorp (ABCB)
In a report released today, Tyler Stafford from Stephens assigned a Buy rating to Ameris Bancorp, with a price target of $58. The company’s shares closed on Friday at $43.44, close to its 52-week low of $40.90.
According to TipRanks.com, Stafford is a 4-star analyst with an average return of 9.1% and a 53.7% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Pacific Premier Bancorp Inc.
Ameris Bancorp has an analyst consensus of Moderate Buy, with a price target consensus of $55.80.
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Cadence Bancorporation (CADE)
In a report released today, Matt Olney from Stephens maintained a Buy rating on Cadence Bancorporation, with a price target of $34. The company’s shares closed on Friday at $21.96, close to its 52-week low of $21.81.
According to TipRanks.com, Olney is a 3-star analyst with an average return of 1.3% and a 41.8% success rate. Olney covers the Financial sector, focusing on stocks such as Hancock Whitney Corporation, First Western Financial Inc, and First Financial Bankshares.
Cadence Bancorporation has an analyst consensus of Moderate Buy, with a price target consensus of $32.90.
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