In a report released today, Tyler Stafford from Stephens maintained a Buy rating on Ameris Bancorp (NASDAQ: ABCB), with a price target of $58. The company’s shares closed yesterday at $39.39, close to its 52-week low of $39.34.
According to TipRanks.com, Stafford is a 4-star analyst with an average return of 8.0% and a 54.2% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Pacific Premier Bancorp Inc, and Franklin Financial Network.
Ameris Bancorp has an analyst consensus of Moderate Buy, with a price target consensus of $54.20.
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Ameris Bancorp’s market cap is currently $1.87B and has a P/E ratio of 19.21. The company has a Price to Book ratio of 1.33.
Based on the recent corporate insider activity of 47 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.
