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Fly News Breaks for May 15, 2019
ABCB, CSFL, LION
May 15, 2019 | 06:28 EDT
Stephens analyst Tyler Stafford made Ameris Bancorp (ABCB) his new 2019 Best Idea, replacing CenterState Bank (CSFL). Ameris' current valuation is "entirely too cheap" considering its "meaningful tailwinds and favorable outlook" for the remainder of 2019, Stafford tells investors in a research note. The analyst sees the company's "already impressive" profitability profile accelerating even further with the Fidelity Southern (LION) deal. He has an Overweight rating on Ameris with a $52 price target.