In a report issued on July 9, Tyler Stafford from Stephens reiterated a Buy rating on Ameris Bancorp (NASDAQ: ABCB), with a price target of $62. The company’s shares closed yesterday at $51.25.
According to TipRanks.com, Stafford is a 5-star analyst with an average return of 18.8% and a 77.6% success rate. Stafford covers the Financial sector, focusing on stocks such as State Bank Financial Corporation, Capstar Financial Holdings Inc, and Carolina Financial Corporation.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ameris Bancorp with a $61.67 average price target.
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The company has a one-year high of $59.05 and a one-year low of $41.05. Currently, Ameris Bancorp has an average volume of 280.7K.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock.
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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.
