Raymond James analyst David Feaster raised the firm's price target on Ameris Bancorp to $92 from $88 and keeps an Outperform rating on the shares. Core trends remain solid, with management's outlook viewed as achievable despite rising funding competition and modest expected net interest margin compression, as focus shifts toward net interest income growth, the analyst tells investors in a research note. Loan and deposit growth remain mid-single digit with strong pipelines and core deposit gains, while NIM has outperformed expectations and could still surprise positively depending on loan growth and rate environment, the firm says.
