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US : Ameris Bancorp - ABCB | 4Q20 Follow-Up: Earnings Power Not Reflected In Discounted P/E; Selloff Creates Opportunity

    CGS-CIMB
    1 February 2021
    Published byCGS-CIMB

    We reiterate ourStrong Buy ratingon shares of ABCB and increase our price targetto $46 following 4Q20 results, which were a bit noisy, but core trends are still strong. We believe the bank is positioned for accelerating loan growth, where increasing production from recent lender hires and its stron