** Piper Sandler resumes coverage of regional lender Ameris Bancorp ABCB.N with "overweight" rating and $74 PT
** Brokerage had suspended covering the stock in May 2024 due to the departure of the analyst
** Expects valuation to expand as the bank continues to demonstrate consistent growth, strong credit quality and margin stability
** ABCB well positioned for mid-single digit loan and deposit growth in 2025 thanks to presence in attractive Southeastern markets such as Atlanta, Tampa, and Orlando - brokerage
** Brokerage's PT is a 42.1% upside to last close
** Five brokerages rate the stock "buy" or higher and 1 "hold"; median PT $74.50 - data compiled by LSEG
** As of last close, ABCB down 16.8% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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