Ameris Bancorp (NYSE:ABCB – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.
A number of other equities analysts have also recently weighed in on ABCB. Piper Sandler decreased their price objective on Ameris Bancorp from $96.00 to $92.00 and set a “neutral” rating on the stock in a report on Monday, July 27th. DA Davidson upped their target price on Ameris Bancorp from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Raymond James Financial lowered Ameris Bancorp from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 1st. Weiss Ratings started coverage on shares of Ameris Bancorp in a research report on Wednesday, September 2nd. They set a “buy (b)” rating on the stock. Finally, Truist Financial reduced their price target on shares of Ameris Bancorp from $90.00 to $84.00 and set a “hold” rating on the stock in a research report on Friday, October 9th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ameris Bancorp has an average rating of “Moderate Buy” and a consensus target price of $90.67.
Check Out Our Latest Analysis on Ameris Bancorp
Ameris Bancorp Trading Down 0.0%
NYSE ABCB opened at $82.59 on Friday. The stock’s 50-day simple moving average is $82.97 and its two-hundred day simple moving average is $85.45. Ameris Bancorp has a twelve month low of $69.58 and a twelve month high of $93.22. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 14.44 and a beta of 0.96.
Ameris Bancorp (NYSE:ABCB – Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The bank reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.05. Ameris Bancorp had a return on equity of 10.81% and a net margin of 22.47%. The firm had revenue of $320.94 million during the quarter, compared to analyst estimates of $326.72 million. During the same quarter in the previous year, the company posted $1.54 earnings per share. The company’s revenue was up 2.4% compared to the same quarter last year. Research analysts forecast that Ameris Bancorp will post 6.61 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Root Financial Partners LLC bought a new stake in shares of Ameris Bancorp in the 3rd quarter valued at about $27,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Ameris Bancorp during the 2nd quarter valued at about $34,000. Public Employees Retirement System of Ohio purchased a new stake in Ameris Bancorp during the 2nd quarter valued at about $66,000. Allworth Financial LP bought a new position in Ameris Bancorp during the 2nd quarter worth approximately $67,000. Finally, Integrated Wealth Concepts LLC bought a new position in Ameris Bancorp during the 2nd quarter worth approximately $91,000. 91.60% of the stock is owned by institutional investors.
Key Stories Impacting Ameris Bancorp
Here are the key news stories impacting Ameris Bancorp this week:
- Positive Sentiment: Adjusted EPS exceeded estimates: Ameris reported third-quarter adjusted earnings of $1.73 per share, up from $1.54 a year earlier and $0.05 above the $1.68 consensus estimate. Ameris Bancorp Q3 Earnings Top Estimates
- Positive Sentiment: Profitability and balance-sheet growth remained solid: Net income rose to $116.1 million from $106.0 million year over year. Net interest margin was 3.87%, return on average assets was 1.61%, deposits increased by $319.4 million, and loans grew by $173.1 million during the quarter. Ameris Bancorp Posts Third-Quarter Net Income
- Positive Sentiment: $200 million share repurchase authorized: The board approved a common-stock buyback program running through October 31, 2027. The authorization could support earnings per share and provide demand for the stock, although the timing and pace of repurchases remain uncertain. Ameris Bancorp Announces New $200 Million Share Repurchase
- Neutral Sentiment: Management discussed the quarter on the earnings call: Investors will focus on commentary regarding credit quality, loan and deposit trends, net interest margins, and the outlook for growth in upcoming quarters. Ameris Bancorp Q3 2026 Earnings Call Transcript
- Negative Sentiment: Revenue missed expectations: Third-quarter revenue was approximately $321.8 million, below the $326.7 million FactSet estimate. The shortfall may limit the market’s reaction to the EPS beat and raises questions about the bank’s topline momentum. Ameris Bancorp Reports Q3 Revenue
Ameris Bancorp Company Profile
Ameris Bancorp (NYSE: ABCB) is a bank holding company and the parent company of Ameris Bank, a full-service financial institution serving individuals, businesses and communities primarily across the southeastern United States.
Ameris Bank offers a range of banking products and services, including checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial and industrial lending, commercial real estate financing, treasury management and wealth management services.
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