Piper Sandler resumes Ameris Bancorp with 'overweight' rating

ReutersApr 4, 2025 9:36 AM

Piper Sandler resumes coverage of regional lender Ameris Bancorp ABCB.N with "overweight" rating and $74 PT

Brokerage had suspended covering the stock in May 2024 due to the departure of the analyst

Expects valuation to expand as the bank continues to demonstrate consistent growth, strong credit quality and margin stability

ABCB well positioned for mid-single digit loan and deposit growth in 2025 thanks to presence in attractive Southeastern markets such as Atlanta, Tampa, and Orlando - brokerage

Brokerage's PT is a 42.1% upside to last close

Five brokerages rate the stock "buy" or higher and 1 "hold"; median PT $74.50 - data compiled by LSEG

As of last close, ABCB down 16.8% YTD

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