Ameris BancorpABCB
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
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
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
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 |
Financial journalist opinion
Based on 4 articles about ABCB published over the past 30 days