Amerant Bancorp Inc. (NYSE:AMTB) Receives Average Rating of “Hold” from Analysts

Shares of Amerant Bancorp Inc. (NYSE:AMTB) have been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $23.75.

Several analysts have issued reports on the company. Keefe, Bruyette & Woods upped their target price on Amerant Bancorp from $21.00 to $23.00 and gave the company a “market perform” rating in a report on Wednesday, January 28th. Zacks Research lowered Amerant Bancorp from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Piper Sandler lifted their target price on shares of Amerant Bancorp from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, January 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Amerant Bancorp in a research report on Monday, December 29th. Finally, Wall Street Zen downgraded shares of Amerant Bancorp from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st.

Amerant Bancorp Stock Down 0.7%

NYSE AMTB traded down $0.15 during midday trading on Thursday, hitting $20.85. 252,643 shares of the company traded hands, compared to its average volume of 259,362. The company has a market cap of $860.48 million, a PE ratio of 16.68 and a beta of 1.00. Amerant Bancorp has a 52 week low of $15.62 and a 52 week high of $23.55. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.92 and a quick ratio of 0.91. The company’s 50-day simple moving average is $21.54 and its 200-day simple moving average is $20.07.

Amerant Bancorp (NYSE:AMTB) last issued its earnings results on Thursday, January 22nd. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.10. The firm had revenue of $230.71 million for the quarter. Amerant Bancorp had a return on equity of 7.78% and a net margin of 7.75%.

Amerant Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, February 13th. Amerant Bancorp’s dividend payout ratio is presently 28.80%.

Insider Transactions at Amerant Bancorp

In other news, Director Odilon Almeida bought 4,816 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The stock was acquired at an average price of $20.99 per share, with a total value of $101,087.84. Following the completion of the purchase, the director directly owned 5,316 shares of the company’s stock, valued at $111,582.84. This represents a 963.20% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 5.37% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Amerant Bancorp

Institutional investors have recently modified their holdings of the company. Guerra Advisors Inc acquired a new stake in shares of Amerant Bancorp during the 3rd quarter worth about $32,000. State of Wyoming bought a new stake in shares of Amerant Bancorp during the fourth quarter worth about $78,000. CWM LLC increased its stake in shares of Amerant Bancorp by 153.4% in the third quarter. CWM LLC now owns 4,748 shares of the company’s stock valued at $91,000 after buying an additional 2,874 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Amerant Bancorp by 11.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,986 shares of the company’s stock valued at $91,000 after buying an additional 526 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Amerant Bancorp in the second quarter valued at $129,000. Institutional investors own 42.11% of the company’s stock.

Amerant Bancorp Company Profile

Amerant Bancorp is the bank holding company and parent of Amerant Bank, a community-oriented financial institution headquartered in Coral Gables, Florida. Amerant Bank delivers a comprehensive range of deposit and lending products to both retail and commercial clients, including checking and savings accounts, certificates of deposit, consumer mortgages, and business lines of credit. In addition, the company offers specialized services such as treasury management, international trade finance, foreign exchange, and asset-based lending to support the complex needs of corporate and high-net-worth customers.

Tracing its roots to the early 1980s, Amerant has grown through a combination of strategic acquisitions and organic expansion.