Amerant Bancorp Inc. (NYSE:AMTB) Given Consensus Recommendation of “Hold” by Analysts

Amerant Bancorp Inc. (NYSE:AMTB) has been assigned an average recommendation of “Hold” from the five analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $23.6667.

Several equities research analysts have recently issued reports on the company. Wall Street Zen raised Amerant Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings raised shares of Amerant Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 20th. Finally, Zacks Research lowered shares of Amerant Bancorp from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Janus Henderson Group PLC lifted its holdings in shares of Amerant Bancorp by 110.8% in the 1st quarter. Janus Henderson Group PLC now owns 22,637 shares of the company’s stock valued at $499,000 after acquiring an additional 11,900 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Amerant Bancorp by 149.2% in the 1st quarter. Royal Bank of Canada now owns 2,524 shares of the company’s stock valued at $56,000 after acquiring an additional 1,511 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Amerant Bancorp by 3.4% in the 1st quarter. Empowered Funds LLC now owns 164,730 shares of the company’s stock valued at $3,631,000 after acquiring an additional 5,492 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Amerant Bancorp by 45.3% in the 1st quarter. Quantinno Capital Management LP now owns 55,210 shares of the company’s stock valued at $1,217,000 after acquiring an additional 17,201 shares during the last quarter. Finally, North Reef Capital Management LP bought a new position in shares of Amerant Bancorp in the 1st quarter valued at about $25,577,000. Institutional investors own 42.11% of the company’s stock.

Amerant Bancorp Price Performance

AMTB stock opened at $24.65 on Friday. Amerant Bancorp has a one year low of $15.62 and a one year high of $24.70. The company’s fifty day moving average price is $23.09 and its 200-day moving average price is $21.97. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.85 and a current ratio of 0.87. The company has a market capitalization of $970.10 million, a PE ratio of 17.48 and a beta of 0.90.

Amerant Bancorp (NYSE:AMTB) last issued its earnings results on Thursday, April 23rd. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. Amerant Bancorp had a return on equity of 8.59% and a net margin of 8.83%.The firm had revenue of $177.94 million for the quarter, compared to analysts’ expectations of $102.56 million. On average, equities analysts anticipate that Amerant Bancorp will post 1.79 EPS for the current fiscal year.

Amerant Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a $0.09 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.5%. Amerant Bancorp’s dividend payout ratio (DPR) is 25.53%.

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.