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Ameris Bancorp
ABCB

$44.98
0.42%
 

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

0
Funds holding %
of 6,474 funds
Analysts bullish %
News positive %

Fund manager confidence

Based on 2023 Q4 SEC filings by fund managers ($100M+ AUM)

16,600% more call options, than puts

Call options by funds: $1.77M | Put options by funds: $10.6K

40% more capital invested

Capital invested by funds: $2.39B [Q3] → $3.35B (+$960M) [Q4]

25% more funds holding in top 10

Funds holding in top 10: 4 [Q3] → 5 (+1) [Q4]

18% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 33

2% more funds holding

Funds holding: 245 [Q3] → 251 (+6) [Q4]

1.43% more ownership

Funds ownership: 89.98% [Q3] → 91.41% (+1.43%) [Q4]

29% less repeat investments, than reductions

Existing positions increased: 73 | Existing positions reduced: 103

Research analyst outlook

2 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$53
18%
upside
Avg. target
$54
19%
upside
High target
$54
20%
upside

2 analyst ratings

positive
50%
neutral
50%
negative
0%
Truist Securities
Brandon King
20%upside
$54
Buy
Maintained
1 Apr 2024
Stephens & Co.
Russell Gunther
18%upside
$53
Equal-Weight
Reiterated
30 Jan 2024

Financial journalist opinion

Neutral
PRNewsWire
2 months ago
AMERIS BANCORP ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS
Highlights of the Company's results for the full year 2023 include the following: Net income of $269.1 million, or $3.89 per diluted share Adjusted net income(1) of $276.3 million, or $4.00 per diluted share Growth in tangible book value(1) of $3.72 per share, or 12.4%, to $33.64 at December 31, 2023 Increase in the allowance for credit losses to 1.52% of loans, from 1.04% at December 31, 2022, due to forecasted economic conditions, particularly related to commercial real estate price levels Nonperforming portfolio assets, excluding government-guaranteed loans, as a percentage of total assets improved to 0.33% at December 31, 2023, compared with 0.34% at December 31, 2022 Adjusted efficiency ratio(1) of 52.58% Organic growth in loans of $414.1 million, or 2.1% Growth in total deposits of $1.25 billion, or 6.4% Growth in TCE ratio(1) of 97bps, or 11.2%, to 9.64% at December 31, 2023 Significant items from the Company's results for the fourth quarter of 2023 include the following: Net income of $65.9 million, or $0.96 per diluted share Adjusted net income(1) of $73.6 million, or $1.07 per diluted share Stable net interest margin of 3.54% Adjusted efficiency ratio(1) of 52.87% Growth in TCE ratio(1) of 53bps to 9.64% at December 31, 2023, compared with 9.11% last quarter ATLANTA , Jan. 25, 2024 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") today reported net income of $65.9 million, or $0.96 per diluted share, for the quarter ended December 31, 2023, compared with $82.2 million, or $1.18 per diluted share, for the quarter ended December 31, 2022. The Company reported adjusted net income(1) of $73.6 million, or $1.07 per diluted share, for the quarter ended December 31, 2023, compared with $81.1 million, or $1.17 per diluted share, for the same period in 2022.
AMERIS BANCORP ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS