Ameris Bancorp Sees $90 Price Target, Q1 Revenue Up 9.9%
Stephens raised Ameris Bancorp’s price target to $90, suggesting a 5.62% upside. In Q1 2026 revenue climbed 9.9% to $315.3 million and EPS rose to $1.63, while ROA hit 1.62% and efficiency ratio fell below 50%.
1. Analyst Raises Price Target
Stephens boosted Ameris Bancorp’s price target to $90 from $87, implying a 5.62% potential gain from recent trading levels and reflecting confidence in the bank’s outlook.
2. Q1 Financial Results
Ameris Bancorp reported first-quarter 2026 revenue of $315.3 million, up 9.9% year-over-year, and delivered earnings per share of $1.63 compared with $1.28 in the same period last year.
3. Profitability Metrics
The bank’s return on assets expanded to 1.62% and its efficiency ratio improved to below 50%, indicating enhanced operational efficiency and stronger management of expenses relative to income.
4. Share Repurchase Program
Ameris Bancorp increased its share repurchase activity, which is aimed at reducing share count and supporting per-share metrics, potentially boosting shareholder value.