Ameris Bancorp (NASDAQ: ABCB)‘s stock had its “buy” rating reaffirmed by analysts at Sterne Agee in a research report issued to clients and investors on Tuesday. They currently have a $13.00 price target on the stock.
Separately, analysts at TheStreet downgraded shares of Ameris Bancorp to a “hold” rating in a research note to investors on Friday.
Ameris Bancorp (Ameris) is a financial holding company. The Company’s business is conducted primarily through its wholly owned banking subsidiary, Ameris Bank (the Bank). The Bank provides a range of banking services to its retail and commercial customers who are primarily concentrated in selected markets in Georgia, Alabama, Florida and South Carolina. The Bank operates 53 domestic banking offices with no foreign activities.
Shares of Ameris Bancorp traded down 0.84% during mid-day trading on Tuesday, hitting $10.65. Ameris Bancorp has a 52 week low of $8.31 and a 52 week high of $10.99. The stock’s 50-day moving average is $10.46 and its 200-day moving average is $9.72. The company has a market cap of $252.9 million and a P/E ratio of 14.13.