Ameris Bancorp (NASDAQ:ABCB) Given a $81.00 Price Target by DA Davidson Analysts

Key Points

• Analysts at DA Davidson raised the price target for Ameris Bancorp (NASDAQ:ABCB) from $78.00 to $81.00, indicating a potential upside of 15.65% from its current price.
• Ameris Bancorp's latest earnings report showed an EPS of $1.28, exceeding analysts' estimates of $1.12, with quarterly revenue increasing by 7% compared to the same period last year.
• Over 91% of Ameris Bancorp's stock is held by institutional investors, reflecting strong confidence among major stakeholders in the company's performance.

Ameris Bancorp (NASDAQ:ABCB - Get Free Report) has been given a $81.00 price objective by equities researchers at DA Davidson in a report released on Wednesday, MarketBeat Ratings reports. The brokerage presently has a "buy" rating on the bank's stock. DA Davidson's target price indicates a potential upside of 22.90% from the company's previous close. DA Davidson also issued estimates for Ameris Bancorp's Q3 2025 earnings at $1.49 EPS, FY2025 earnings at $5.85 EPS and FY2026 earnings at $6.10 EPS.

Other research analysts have also recently issued reports about the company. Piper Sandler assumed coverage on Ameris Bancorp in a research report on Friday, April 4th. They set an "overweight" rating and a $74.00 price target for the company. Stephens reiterated an "equal weight" rating and set a $63.00 price target on shares of Ameris Bancorp in a research report on Tuesday, April 29th. Raymond James Financial reduced their price target on Ameris Bancorp from $71.00 to $65.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Finally, Piper Sandler Companies boosted their price objective on Ameris Bancorp to $74.00 and gave the company a "buy" rating in a research report on Monday, April 7th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Ameris Bancorp currently has a consensus rating of "Moderate Buy" and an average price target of $72.14.

Ameris Bancorp Stock Down 3.6%

Shares of ABCB stock opened at $65.91 on Wednesday. The stock has a 50 day moving average of $64.48 and a 200 day moving average of $61.72. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.11. The stock has a market cap of $4.54 billion, a P/E ratio of 12.65 and a beta of 0.96. Ameris Bancorp has a twelve month low of $48.27 and a twelve month high of $74.56.

Institutional Trading of Ameris Bancorp

Several large investors have recently added to or reduced their stakes in ABCB. Nuveen LLC purchased a new stake in Ameris Bancorp in the 1st quarter valued at $56,202,000. Norges Bank acquired a new position in shares of Ameris Bancorp in the 4th quarter valued at $48,380,000. FJ Capital Management LLC lifted its stake in shares of Ameris Bancorp by 311.3% in the 1st quarter. FJ Capital Management LLC now owns 785,288 shares of the bank's stock valued at $45,209,000 after purchasing an additional 594,340 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Ameris Bancorp by 36.2% in the 1st quarter. American Century Companies Inc. now owns 1,875,194 shares of the bank's stock valued at $107,955,000 after purchasing an additional 498,604 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Ameris Bancorp in the 2nd quarter valued at $21,850,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

About Ameris Bancorp

Ameris Bancorp operates as the bank holding company for Ameris Bank that provides range of banking services to retail and commercial customers. It operates through five segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division, and Premium Finance Division. The company offers commercial and retail checking, regular interest-bearing savings, money market, individual retirement, and certificates of deposit accounts.