Ameris Bancorp (NYSE:ABCB) Stock Moved Up to Hold by Wall Street Zen

Wall Street Zen upgraded shares of Ameris Bancorp (NYSE:ABCB) from a sell rating to a hold rating in a research note released on Saturday morning,Wall Street Zen reports.

A number of other analysts have also issued reports on ABCB. Truist Financial dropped their price target on shares of Ameris Bancorp from $90.00 to $84.00 and set a “hold” rating for the company in a research note on Friday, October 9th. Piper Sandler reduced their price objective on shares of Ameris Bancorp from $96.00 to $92.00 and set a “neutral” rating on the stock in a research note on Monday, July 27th. DA Davidson raised their price objective on shares of Ameris Bancorp from $98.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Stephens set a $88.00 target price on shares of Ameris Bancorp in a research report on Monday, July 27th. Finally, Raymond James Financial downgraded shares of Ameris Bancorp from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.67.

Ameris Bancorp Stock Up 0.3%

ABCB opened at $82.59 on Friday. The firm has a 50 day moving average price of $82.97 and a 200 day moving average price of $85.40. The company has a market cap of $5.54 billion, a PE ratio of 14.44 and a beta of 0.96. Ameris Bancorp has a 1 year low of $69.58 and a 1 year high of $93.22. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.02 and a current ratio of 1.04.

Ameris Bancorp (NYSE:ABCB) last issued its earnings results on Thursday, October 22nd. The bank reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.05. The company had revenue of $320.94 million during the quarter, compared to the consensus estimate of $326.72 million. Ameris Bancorp had a return on equity of 10.84% and a net margin of 22.47%. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.54 earnings per share. Sell-side analysts expect that Ameris Bancorp will post 6.61 earnings per share for the current year.

Ameris Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 5th. Shareholders of record on Wednesday, September 30th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Wednesday, September 30th. Ameris Bancorp’s payout ratio is presently 14.47%.

Hedge Funds Weigh In On Ameris Bancorp

Institutional investors have recently made changes to their positions in the stock. Root Financial Partners LLC acquired a new stake in shares of Ameris Bancorp during the 3rd quarter worth approximately $27,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Ameris Bancorp during the 2nd quarter valued at approximately $34,000. Public Employees Retirement System of Ohio acquired a new position in Ameris Bancorp during the 2nd quarter valued at approximately $66,000. Allworth Financial LP acquired a new position in Ameris Bancorp during the 2nd quarter valued at approximately $67,000. Finally, Integrated Wealth Concepts LLC bought a new position in Ameris Bancorp during the 2nd quarter worth $91,000. 91.60% of the stock is owned by institutional investors.

Key Headlines Impacting Ameris Bancorp

Here are the key news stories impacting Ameris Bancorp this week:

• Positive Sentiment: Adjusted EPS exceeded estimates: Ameris reported third-quarter adjusted earnings of $1.73 per share, up from $1.54 a year earlier and $0.05 above the $1.68 consensus estimate. Ameris Bancorp Q3 Earnings Top Estimates
• Positive Sentiment: Profitability and balance-sheet growth remained solid: Net income rose to $116.1 million from $106.0 million year over year. Net interest margin was 3.87%, return on average assets was 1.61%, deposits increased by $319.4 million, and loans grew by $173.1 million during the quarter. Ameris Bancorp Posts Third-Quarter Net Income
• Positive Sentiment: $200 million share repurchase authorized: The board approved a common-stock buyback program running through October 31, 2027. The authorization could support earnings per share and provide demand for the stock, although the timing and pace of repurchases remain uncertain. Ameris Bancorp Announces New $200 Million Share Repurchase
• Neutral Sentiment: Management discussed the quarter on the earnings call: Investors will focus on commentary regarding credit quality, loan and deposit trends, net interest margins, and the outlook for growth in upcoming quarters. Ameris Bancorp Q3 2026 Earnings Call Transcript
• Negative Sentiment: Revenue missed expectations: Third-quarter revenue was approximately $321.8 million, below the $326.7 million FactSet estimate. The shortfall may limit the market’s reaction to the EPS beat and raises questions about the bank’s topline momentum. Ameris Bancorp Reports Q3 Revenue

Ameris Bancorp Company Profile

Ameris Bancorp (NYSE: ABCB) is a bank holding company and the parent company of Ameris Bank, a full-service financial institution serving individuals, businesses and communities primarily across the southeastern United States.

Ameris Bank offers a range of banking products and services, including checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial and industrial lending, commercial real estate financing, treasury management and wealth management services.