Ameris Bancorp Receives a Hold from KBW

By Austin Angelo

In a report released today, Brady Gailey from KBW reiterated a Hold rating on Ameris Bancorp (NASDAQ: ABCB), with a price target of $51. The company’s shares opened today at $46.30.

According to, Gailey is a 5-star analyst with an average return of 14.7% and a 79.3% success rate. Gailey covers the Financial sector, focusing on stocks such as Atlantic Capital Bancshares, First Financial Bankshares, and Allegiance Bancshares Inc.

Ameris Bancorp has an analyst consensus of Moderate Buy, with a price target consensus of $51.

Ameris Bancorp’s market cap is currently $1.56B and has a P/E ratio of 22.10. The company has a book value ratio of 2.4715.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ABCB in relation to earlier this year. Most recently, in January 2017, William Bowen, a Director at ABCB bought 1,050 shares for a total of $45,385.

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Ameris Bancorp is a bank holding company, which through its subsidiary, Ameris Bank, engages in the provision of banking services to its retail and commercial customers. It operates through the following divisions: Banking, Retail Mortgage, Warehouse Lending, and the SBA. The Banking division offers full service financial services to include commercial loans, consumer loans and deposit accounts. The Mortgage includes origination, sales, and servicing of one-to-four family residential mortgage loans. The Warehouse Lending division includes the origination and servicing of warehouse lines to other businesses that are secured by underlying one-to-four family residential mortgage loans. The SBA comprises of origination, sales, and servicing of small business administration loans. The company was founded on December 18, 1980 and is headquartered in Moultrie, GA.