ABCB Price Prediction Next Week
Based on the provided data and current market context, here's the analysis for ABCB stock:
Technical Analysis
The stock has shown strong momentum in recent months, with current trading around $64.49. The technical indicators suggest a potential upward trend, supported by:
- Strong Q4 2024 performance driving positive sentiment
- Trading above key moving averages
- Increased trading volume on positive news
Fundamental Analysis
Key financial highlights from Q4 2024:
- Net income: $94.4 million
- Adjusted EPS: $1.38 (26% YoY growth)
- Strong loan production: $1.8 billion (highest in two years)
- Improved efficiency ratio: 51.82%
- Healthy tangible common equity ratio: 10.59%
News Sentiment & Catalysts
- Strong Q4 earnings beat with positive guidance for 2025
- Management projects mid-single-digit loan and deposit growth for 2025
- Net interest margin expected to stabilize around 3.50-3.55%
- Fee income growth projected at 5-7% excluding mortgage
- Analysts have set an average target price of $73.20, indicating 13.51% upside potential
Price Prediction (Next Week) Based on technical and fundamental factors, ABCB is likely to trade in the following ranges:
- Bullish case ($68-70): Strong follow-through on Q4 momentum
- Base case ($64-66): Consolidation near current levels
- Bearish case ($61-63): Profit taking after recent gains
Recommendation: BUY The stock shows strong fundamentals with clear growth catalysts and reasonable valuation. Entry around current levels ($64-65) appears attractive with a target of $70 over the next week.
ABCB Similar Chart Price Prediction
The price of ABCB is predicted to go up 70.59%, based on the high correlation periods with SHFS. The similarity of these two price pattern on the periods is 96.69%.
ABCB
SHFS
Up: 70.59%Similarity: 96.69%
ABCB Revenue Forecast
ABCB EPS Forecast
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ABCB Analyst's Forecast
Tyler Stafford
Stephens & Co.
Hold
2024-10-28
Price Target
$64 → $67
Upside
+6.05%
Stephens raised the firm's price target on Ameris Bancorp to $67 from $64 and keeps an Equal Weight rating on the shares. Operating EPS of $1.38 beat consensus of $1.25 and Stephens' forecast of $1.27 as asset quality trends remained strong and largely unchanged, says the analyst, who adds that "the strength of a diversified model was on display" in the quarter.
Brandon King
Truist Securities
Strong Buy
2024-10-28
Price Target
$73 → $68
Upside
+7.63%
Brandon King
Truist Securities
Strong Buy
2024-09-20
Price Target
$69 → $73
Upside
+13.92%
