If you like banks with above-average prospects for growth over the next three to five years (and beyond), Ameris (NASDAQ:ABCB)
could be right up your alley. If you're looking for a quality
overlooked opportunity trading below fair value, I don't think you're
going to find as much to like here.
Ameris has been
an aggressive acquirer and has built an interesting franchise in
southern Georgia and northern Florida, as well as focused lending
operations targeting segments like agricultural lending, SBA, and
mortgages. Add in the potential from ongoing expense leverage and
above-average growth in the region in which it operates, and I think
Ameris has above-average growth potential. Trading close to 3x tangible
book, though, and already pricing in high teens earnings growth, it's
hard to call this a value.
Read more here:
Ameris Has A Lot Of Opportunities To Grow, But It's Not Cheap
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