Analysts at Stephens Maintained their Past ‘Buy’ rating on Shares Ameris Bancorp (NASDAQ:ABCB), Set a $64.0000 Price Target

April 24, 2018 - By Maria Brooks

Ameris Bancorp (NASDAQ:ABCB) Logo

Investors sentiment increased to 1.42 in Q4 2017. Its up 0.29, from 1.13 in 2017Q3. It increased, as 9 investors sold Ameris Bancorp shares while 46 reduced holdings. 20 funds opened positions while 58 raised stakes. 29.91 million shares or 0.67% more from 29.71 million shares in 2017Q3 were reported.

Sector Pension Board holds 0.01% or 23,369 shares in its portfolio. Envestnet Asset Mngmt Inc reported 0% of its portfolio in Ameris Bancorp (NASDAQ:ABCB). First Trust Advsrs Limited Partnership has invested 0.01% of its portfolio in Ameris Bancorp (NASDAQ:ABCB). 572,320 are owned by Price T Rowe Assoc Incorporated Md. American Century holds 124,403 shares or 0.01% of its portfolio. Profund Advsr Llc holds 0.01% or 5,847 shares. Sheets Smith Wealth Management invested 0.19% in Ameris Bancorp (NASDAQ:ABCB). Sei Invests stated it has 37,632 shares. Aperio Group Limited Liability Corp holds 0% or 10,436 shares in its portfolio. 348,405 were reported by Jacobs Asset Management Lc. Rhumbline Advisers reported 0.01% in Ameris Bancorp (NASDAQ:ABCB). Natixis has invested 0% in Ameris Bancorp (NASDAQ:ABCB). Comerica National Bank & Trust holds 0.02% in Ameris Bancorp (NASDAQ:ABCB) or 67,290 shares. Delta Asset Ltd Liability Corp Tn accumulated 200 shares. Us Bankshares De holds 4,666 shares.

Since December 13, 2017, it had 0 insider purchases, and 6 insider sales for $3.28 million activity. 823 Ameris Bancorp (NASDAQ:ABCB) shares with value of $43,741 were sold by Bassett Lawton E III. The insider LaHaise James A sold $701,006. 5,000 shares valued at $274,059 were sold by Zember Dennis J JR on Friday, February 2.

Ameris Bancorp (NASDAQ:ABCB) Rating Reaffirmed

The firm has just set a price target of $64.0000 on Ameris Bancorp (NASDAQ:ABCB) shares. This is 22.49 % from the last stock close price. In a note made public on Monday morning, Stephens restate their Buy rating on shares of ABCB.

Investors sentiment increased to 1.42 in Q4 2017. Its up 0.29, from 1.13 in 2017Q3. It increased, as 9 investors sold Ameris Bancorp shares while 46 reduced holdings. 20 funds opened positions while 58 raised stakes. 29.91 million shares or 0.67% more from 29.71 million shares in 2017Q3 were reported.

Sector Pension Board holds 0.01% or 23,369 shares in its portfolio. Envestnet Asset Mngmt Inc reported 0% of its portfolio in Ameris Bancorp (NASDAQ:ABCB). First Trust Advsrs Limited Partnership has invested 0.01% of its portfolio in Ameris Bancorp (NASDAQ:ABCB). 572,320 are owned by Price T Rowe Assoc Incorporated Md. American Century holds 124,403 shares or 0.01% of its portfolio. Profund Advsr Llc holds 0.01% or 5,847 shares. Sheets Smith Wealth Management invested 0.19% in Ameris Bancorp (NASDAQ:ABCB). Sei Invests stated it has 37,632 shares. Aperio Group Limited Liability Corp holds 0% or 10,436 shares in its portfolio. 348,405 were reported by Jacobs Asset Management Lc. Rhumbline Advisers reported 0.01% in Ameris Bancorp (NASDAQ:ABCB). Natixis has invested 0% in Ameris Bancorp (NASDAQ:ABCB). Comerica National Bank & Trust holds 0.02% in Ameris Bancorp (NASDAQ:ABCB) or 67,290 shares. Delta Asset Ltd Liability Corp Tn accumulated 200 shares. Us Bankshares De holds 4,666 shares.

Since December 13, 2017, it had 0 insider purchases, and 6 insider sales for $3.28 million activity. 823 Ameris Bancorp (NASDAQ:ABCB) shares with value of $43,741 were sold by Bassett Lawton E III. The insider LaHaise James A sold $701,006. 5,000 shares valued at $274,059 were sold by Zember Dennis J JR on Friday, February 2.

Ameris Bancorp (NASDAQ:ABCB) Ratings Coverage

Among 5 analysts covering Ameris Bancorp (NASDAQ:ABCB), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Ameris Bancorp has $64.0 highest and $55.0 lowest target. $59.50’s average target is 13.88% above currents $52.25 stock price. Ameris Bancorp had 12 analyst reports since November 17, 2017 according to SRatingsIntel. Keefe Bruyette & Woods maintained the shares of ABCB in report on Thursday, December 21 with “Buy” rating. SunTrust maintained the stock with “Buy” rating in Monday, January 8 report. Keefe Bruyette & Woods maintained Ameris Bancorp (NASDAQ:ABCB) rating on Thursday, February 1. Keefe Bruyette & Woods has “Buy” rating and $63.0 target. As per Tuesday, November 28, the company rating was maintained by SunTrust. The firm has “Buy” rating by SunTrust given on Friday, November 17. The rating was maintained by SunTrust with “Buy” on Monday, April 23. On Tuesday, January 30 the stock rating was maintained by Piper Jaffray with “Hold”. Keefe Bruyette & Woods upgraded Ameris Bancorp (NASDAQ:ABCB) on Monday, November 20 to “Buy” rating. The stock has “Buy” rating by Keefe Bruyette & Woods on Monday, February 26. Keefe Bruyette & Woods maintained the shares of ABCB in report on Friday, April 20 with “Buy” rating.

The stock increased 0.29% or $0.15 during the last trading session, reaching $52.25. About 118,249 shares traded. Ameris Bancorp (NASDAQ:ABCB) has risen 17.58% since April 24, 2017 and is uptrending. It has outperformed by 6.03% the S&P500.

Ameris Bancorp operates as the holding firm for Ameris Bank that provides banking services to retail and commercial clients primarily in Georgia, Alabama, Florida, and South Carolina. The company has market cap of $2.00 billion. The firm operates through four divisions: Banking Division, Retail Mortgage Division, Warehouse Lending Division, and SBA Division. It has a 26.39 P/E ratio. It offers commercial and retail checking accounts, regular interest-bearing savings accounts, money market accounts, individual retirement accounts, and certificates of deposit.

Ameris Bancorp (NASDAQ:ABCB) Ratings Chart

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