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Analysts Offer Insights on Financial Companies: Allstate (ALL), Ameris Bancorp (ABCB) and Versabank (VBNK)

Tipranks - Tue Jun 2, 7:24AM CDT

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Allstate (ALL), Ameris Bancorp (ABCB) and Versabank (VBNK).

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Allstate (ALL)

Argus Research analyst Kevin Heal reiterated a Buy rating on Allstate on May 27 and set a price target of $238.00. The company’s shares closed last Friday at $206.09, close to its 52-week high of $212.91.

According to TipRanks.com, Heal is a 4-star analyst with an average return of 11.1% and a 70.5% success rate. Heal covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Intercontinental Exchange, and Marketaxess Holdings. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Allstate with a $237.08 average price target, which is a 14.3% upside from current levels. In a report issued on May 18, Piper Sandler also maintained a Buy rating on the stock with a $268.00 price target.

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Ameris Bancorp (ABCB)

In a report released today, John McDonald CFA from Truist Financial maintained a Hold rating on Ameris Bancorp. The company’s shares closed last Friday at $84.31.

According to TipRanks.com, CFA is a 4-star analyst with an average return of 10.8% and a 61.3% success rate. CFA covers the Financial sector, focusing on stocks such as Pinnacle Financial Partners, SouthState Corporation, and Bank of America. ;'>

Ameris Bancorp has an analyst consensus of Moderate Buy, with a price target consensus of $91.00, a 7.9% upside from current levels. In a report issued on May 27, TipRanks – Anthropic also reiterated a Hold rating on the stock with a $92.00 price target.

Versabank (VBNK)

KBW analyst Tim Switzer maintained a Buy rating on Versabank on May 29 and set a price target of C$26.00. The company’s shares closed last Friday at $18.04, close to its 52-week high of $18.38.

According to TipRanks.com, Switzer is a 5-star analyst with an average return of 11.8% and a 74.3% success rate. Switzer covers the Financial sector, focusing on stocks such as Tompkins Financial Corporation, First Mid-Illinois Bancshares, and Bank of NT Butterfield & Son. ;'>

Currently, the analyst consensus on Versabank is a Moderate Buy with an average price target of $16.41.

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