Ameris Bancorp (ABCB) is back in focus after Ameris Bank outlined plans to open a Nashville, Tennessee office by year end. The move aims to extend its commercial and mortgage banking reach in the Southeast.

Across recent months, Ameris Bancorp’s share price return has been strong, with a 7.11% 1 month gain and a 19.91% 3 month rise, contributing to a 23.01% year to date share price return and a 41.73% 1 year total shareholder return. This suggests momentum has been building as investors weigh the Nashville expansion, bylaw update and ongoing dividend payments.

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That recent run and a roughly 3% gap to the average analyst price target sit alongside an estimated 34% intrinsic discount for Ameris Bancorp, so is there still mispricing here, or is the market already banking on future growth?

Most Popular Narrative: 3% Undervalued

With Ameris Bancorp last closing at $91.00 against a narrative fair value of about $93.86, the latest consensus view points to a modest valuation gap that rests on detailed assumptions around growth, margins and risk.

The analysts have a consensus price target of $93.86 for Ameris Bancorp based on their expectations of its future earnings growth, profit margins and other risk factors.

In order for you to agree with the analysts, you'd need to believe that by 2029, revenues will be $1.6 billion, earnings will come to $504.2 million, and it would be trading on a PE ratio of 14.5x, assuming you use a discount rate of 7.1%.

Want to see what is baked into that Ameris Bancorp fair value? The story hinges on steady revenue gains, firm margins and a richer earnings multiple. Curious which exact mix of growth and profitability needs to hold for that to play out? The full narrative lays out the numbers and the trade offs in black and white.

Result: Fair Value of $93.86 (UNDERVALUED)

However, Ameris Bancorp’s story could shift quickly if competition for deposits forces higher funding costs, or if its concentrated Southeast exposure hits a regional slowdown.

Next Steps

If this Ameris Bancorp story leaves you weighing both risks and rewards, consider testing the thesis against the data yourself. Start with the 3 key rewards

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.