BUZZ-Truist initiates coverage of Ameris Bancorp with 'hold'
Truist initiates coverage of regional lender Ameris Bancorpwith “hold” rating, citing its current valuationBrokerage expects ABCB’s net interest margin to compress amid potential rate cuts and deposit competitionTruist views Ameris as consistently growing bank with attractive franchise and profitable business modelBrokerage sets PT at $80, ~7.7% upside on stock’s last closeAs of last close, stock up ~18.7% YTD
Truist initiates coverage of regional lender Ameris Bancorp (ABCB.N) with “hold” rating, citing its current valuation
Brokerage expects ABCB’s net interest margin to compress amid potential rate cuts and deposit competition
Truist views Ameris as consistently growing bank with attractive franchise and profitable business model
Brokerage sets PT at $80, ~7.7% upside on stock’s last close
As of last close, stock up ~18.7% YTD
