Ameris BancorpABCB
About: Ameris Bancorp is a bank holding company that operates through Ameris Bank, its subsidiary. The company operates branches in Georgia, Alabama, Florida, and South Carolina. It offers traditional banking services such as business banking, personal banking, checking, savings, mobile banking, and others. The bank is organized into five segments: banking, retail mortgage, warehouse lending, SBA, and premium finance. The company generates most of its revenue from the banking segment. Ameris intends to acquire banks in its geographic region to increase its market share and expand beyond its current market.
Employees: 2,765
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
85% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 26
84% more call options, than puts
Call options by funds: $287K | Put options by funds: $156K
33% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 4 (+1) [Q3]
22% more capital invested
Capital invested by funds: $3.18B [Q2] → $3.86B (+$685M) [Q3]
11% more repeat investments, than reductions
Existing positions increased: 105 | Existing positions reduced: 95
8% more funds holding
Funds holding: 269 [Q2] → 291 (+22) [Q3]
1.75% less ownership
Funds ownership: 91.65% [Q2] → 89.9% (-1.75%) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Stephens & Co. Tyler Stafford 0 / 0 met price target | 2%downside $67 | Equal-Weight Maintained | 28 Oct 2024 |
Truist Securities Brandon King 98% 1-year accuracy 55 / 56 met price target | 1%downside $68 | Buy Maintained | 28 Oct 2024 |
Truist Securities Brandon King 98% 1-year accuracy 55 / 56 met price target | 6%upside $73 | Buy Maintained | 20 Sept 2024 |
Financial journalist opinion
Based on 7 articles about ABCB published over the past 30 days
