Ameris Bancorp (NASDAQ:ABCB), a leading player in the banking industry, has experienced a significant increase in its stock price over the past three months. With a market cap of $2.74 billion, the current stock price stands at $39.56. In the last week alone, the stock price witnessed a gain of 1.19%, and over the course of three months, it has risen by an impressive 11.52%. These positive trends indicate a bullish sentiment and potential growth in the future.
Ameris Bancorp’s stock is assessed using the GF Value, which calculates a stock’s intrinsic value based on historical multiples, past performance adjustments, and future business estimates. Currently, the GF Value of Ameris Bancorp is $48.94, an increase from $48.67 three months ago. This suggests that the stock is modestly undervalued compared to its perceived intrinsic value, a significant improvement from being significantly undervalued in the previous quarter.
Ameris Bancorp operates primarily through its subsidiary, Ameris Bank, with branches in Georgia, Alabama, Florida, and South Carolina. The bank offers a wide range of traditional banking services, including business banking, personal banking, checking, savings, and mobile banking. The company is organized into five segments, namely banking, retail mortgage, warehouse lending, SBA, and premium finance. The banking division generates the majority of the company’s revenue.
To boost its market share and expand beyond its current market, Ameris Bancorp has planned to acquire banks within its geographic region. This strategic expansion aims to further solidify the company’s position in the industry and drive future growth.
In terms of profitability, Ameris Bancorp ranks 6/10, indicating a decent level of profitability compared to other companies in the industry. The company’s Return on Equity (ROE) stands at 9.35%, outperforming 39.17% of its industry peers. Additionally, the Return on Assets (ROA) is 1.20%, surpassing 65.06% of companies in the industry. Ameris Bancorp has consistently maintained profitability over the past decade, outperforming 99.93% of its industry counterparts.
With regards to growth prospects, Ameris Bancorp displays strong potential. Its Growth Rank is 9/10, indicating a robust growth trajectory. According to GuruFocus, the 3-Year Revenue Growth Rate per Share is 8.80%, outperforming 62.97% of the industry. Moreover, the 5-Year Revenue Growth Rate per Share is 10.00%, surpassing 75.35% of its industry peers. The 3-Year EPS without NRI Growth Rate is 22.00%, better than 77.41% of companies in the industry, while the 5-Year EPS without NRI Growth Rate is 21.80%, outperforming 84.04% of its industry counterparts.
In terms of major stockholders, Ken Fisher (Trades, Portfolio) holds the largest stake in Ameris Bancorp, owning 168,305 shares, which accounts for 0.24% of the total shares. HOTCHKIS & WILEY follows as the second-largest shareholder, with 157,490 shares, accounting for 0.23% of the total shares. First Eagle Investment holds the third-largest number of shares, with 98,495 shares, accounting for 0.14% of the total shares.
Ameris Bancorp faces competition from other notable companies in the banking industry, including Associated Banc-Corp (NYSE:ASB), First Interstate BancSystem Inc (NASDAQ:FIBK), and International Bancshares Corp (NASDAQ:IBOC).
Overall, Ameris Bancorp’s impressive growth and profitability, coupled with its strategic expansion plans, make it an enticing investment opportunity. However, it is crucial to consider the competitive landscape and market conditions before making any investment decisions.
– Market cap: The total market value of a company’s outstanding shares of stock.
– Intrinsic value: The true value of a stock, based on fundamental analysis, that may differ from its market price.
– ROE (Return on Equity): A measure of a company’s profitability relative to the shareholder’s equity.
– ROA (Return on Assets): A measure of a company’s profitability relative to its total assets.