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

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