BUZZ-Piper Sandler resumes Ameris Bancorp with 'overweight' rating

Reuters

04-04

BUZZ-Piper Sandler resumes Ameris Bancorp with 'overweight' rating

** 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

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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median PT $74.50 - data compiled by LSEG</p><p>** As of last close, ABCB down 16.8% YTD</p><p>(Reporting by Arasu Kannagi Basil in Bengaluru)</p><p>((ArasuKannagi.Basil@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250404:nL3N3QI0HD:1","article_id":"2524274968","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524274968","pubTimestamp":1743759381,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Piper Sandler resumes Ameris Bancorp with 'overweight' rating** 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\"; 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