Ameris Bancorp added to DA Davidson ‘Best of Breed Bison’ list

DA Davidson keeps a Buy rating and $78 price target on Ameris Bancorp (ABCB), but the firm is adding the stock to its “Best-of-Breed Bison” which filters for best in class companies with sustainable moats and favorable risk / reward dynamics. The company looks well-positioned for any environment with a neutral interest rate posture protecting the elevated current 3.73% net interest margin, positive demographics in its vibrant Atlanta footprint supporting balance sheet growth, mortgage banking strength kicking in if rates decline further, and a protective credit and capital profile offering downside protection, the analyst tells investors in a research note.