Ameris Bancorp
ABCB

$59.33

2.05%

Market Cap: $4.1B

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

Financials State Commercial Banks

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 4 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

4,596% more call options, than puts

Call options by funds: $1.17M | Put options by funds: $25K

2% more capital invested

Capital invested by funds: $3.08B [Q1] → $3.14B (+$61M) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]

3% less repeat investments, than reductions

Existing positions increased: 100 | Existing positions reduced: 103

1.99% less ownership

Funds ownership: 92.48% [Q1] → 90.49% (-1.99%) [Q2]

3% less funds holding

Funds holding: 276 [Q1] → 268 (-8) [Q2]

23% less first-time investments, than exits

New positions opened: 27 | Existing positions closed: 35

See Fund Rankings

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$64

8%

upside

Avg. target

$69

15%

upside

High target

$76

28%

upside

4 analyst ratings

3 positive

75%

1 neutral

25%

0 negative

0%

Truist Securities Brandon King 89% 1-year accuracy 48 / 54 met price target	16%upside $69	Buy Maintained	29 Jul 2024
DA Davidson Kevin Fitzsimmons 67% 1-year accuracy 8 / 12 met price target	28%upside $76	Buy Maintained	29 Jul 2024
Keefe, Bruyette & Woods Catherine Mealor 64% 1-year accuracy 9 / 14 met price target	10%upside $65	Outperform Maintained	29 Jul 2024
Stephens & Co. Tyler Stafford 0 / 0 met price target	8%upside $64	Equal-Weight Maintained	29 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 4 articles about ABCB published over the past 30 days

Zacks Investment Research

Is Ameris Bancorp (ABCB) Outperforming Other Finance Stocks This Year?

Here is how Ameris Bancorp (ABCB) and JPMorgan Chase & Co. (JPM) have performed compared to their sector so far this year.

Is Ameris Bancorp (ABCB) Outperforming Other Finance Stocks This Year?

Zacks Investment Research

Are You Looking for a Top Momentum Pick? Why Ameris Bancorp (ABCB) is a Great Choice

Does Ameris Bancorp (ABCB) have what it takes to be a top stock pick for momentum investors? Let's find out.

Are You Looking for a Top Momentum Pick? Why Ameris Bancorp (ABCB) is a Great Choice

Ameris Bank Expands Commercial Industry Expertise with Key Hires

ATLANTA , Aug. 21, 2024 /PRNewswire/ -- Ameris Bank recently welcomed two commercial banking industry veterans to its well-established team. Bill Kilburg joins Ameris as senior vice president, relationship manager and Patrick Murphy will serve as senior vice president, government relationship manager.

Ameris Bank Expands Commercial Industry Expertise with Key Hires

Ameris Bancorp: Strong Earnings, But Keeping An Eye On The Loan Book

Ameris Bancorp reported an increase in net interest income in Q2. The bank recorded a net profit of $90.8M in Q2, with a payout ratio of less than 13% based on H1 earnings. Ameris Bancorp has good liquidity with $1.36B in cash, and $1.53B in securities available for sale.

Ameris Bancorp: Strong Earnings, But Keeping An Eye On The Loan Book

Ameris Bank Hires Jorge Perez as Corporate Information Security Officer

ATLANTA , Aug. 7, 2024 /PRNewswire/ -- Ameris Bank is pleased to welcome Jorge Perez as Corporate Information Security Officer (CISO), reporting to Chief Information Officer Ross Creasy. "Jorge is a proven cybersecurity expert with extensive management experience leading programs in business and cyber risk management, strategy, engineering and operations," Creasy said.

Ameris Bank Hires Jorge Perez as Corporate Information Security Officer

Insider trading? Politician sells $1M of this stock days before earnings

While some lawmakers in the United States continue to try to put a stop to politicians using the information attained through their positions to gain unfair advantage in stock trades, others seem to continue stock trading unbothered, including Representative Earl Leroy ‘Buddy' Carter.

Insider trading? Politician sells $1M of this stock days before earnings

Congressman Buddy Carter sells up to $1 million in Ameris Bancorp stock before earnings report: What's behind the move?

Congressman Buddy Carter sold a milion dollars worth of Ameris Bancorp stock just before earnings. The bank is headquartered in the same state that he represents.

Congressman Buddy Carter sells up to $1 million in Ameris Bancorp stock before earnings report: What's behind the move?

Ameris Bancorp (ABCB) Q2 2024 Earnings Call Transcript

Ameris Bancorp (NYSE:ABCB ) Q2 2024 Earnings Conference Call July 26, 2024 9:00 AM ET Company Participants Nicole Stokes - Chief Financial Officer Palmer Proctor - Chief Executive Officer Doug Strange - Executive Vice President and Chief Risk Officer Conference Call Participants Catherine Mealo - KBW Christopher Marinac - FIG Partners Brandon King - Truist Russell Gunther - Stephens Manuel Navas - D.A. Davidson David Feaster - Raymond James Operator Good day, and welcome to the Ameris Bancorp Second Quarter Conference Call.

Ameris Bancorp (ABCB) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Here's What Key Metrics Tell Us About Ameris Bancorp (ABCB) Q2 Earnings

Although the revenue and EPS for Ameris Bancorp (ABCB) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Ameris Bancorp (ABCB) Q2 Earnings

Zacks Investment Research

Ameris Bancorp (ABCB) Beats Q2 Earnings and Revenue Estimates

Ameris Bancorp (ABCB) came out with quarterly earnings of $1.17 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $0.91 per share a year ago.

Ameris Bancorp (ABCB) Beats Q2 Earnings and Revenue Estimates

See News Rankings