Amerant Bancorp Inc. (NYSE:AMTB) Receives Average Recommendation of “Moderate Buy” from Analysts

Amerant Bancorp Inc. (NYSE:AMTB) has been given a consensus rating of “Moderate Buy” by the six research firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $27.75.

Several equities research analysts have weighed in on the company. Weiss Ratings downgraded Amerant Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 2nd. Zacks Research raised shares of Amerant Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 22nd. Wall Street Zen upgraded shares of Amerant Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Stephens cut shares of Amerant Bancorp from an “overweight” rating to an “equal weight” rating and set a $32.00 price target for the company. in a report on Wednesday, August 12th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Amerant Bancorp from $26.00 to $31.00 and gave the stock a “market perform” rating in a research note on Monday, August 3rd.

Institutional Trading of Amerant Bancorp

Several large investors have recently added to or reduced their stakes in the company. Nykredit A S purchased a new stake in shares of Amerant Bancorp in the 2nd quarter valued at $29,000. Royal Bank of Canada raised its stake in shares of Amerant Bancorp by 149.2% during the 1st quarter. Royal Bank of Canada now owns 2,524 shares of the company’s stock valued at $56,000 after buying an additional 1,511 shares during the last quarter. State of Wyoming acquired a new position in shares of Amerant Bancorp in the 4th quarter valued at about $78,000. Tower Research Capital LLC TRC lifted its holdings in shares of Amerant Bancorp by 11.8% in the 2nd 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. purchased a new stake in shares of Amerant Bancorp in the second quarter worth about $129,000. Hedge funds and other institutional investors own 42.11% of the company’s stock.

Amerant Bancorp Price Performance

NYSE AMTB opened at $29.20 on Thursday. The firm’s fifty day simple moving average is $27.61 and its two-hundred day simple moving average is $24.35. The firm has a market capitalization of $1.14 billion, a P/E ratio of 21.01 and a beta of 0.83. The company has a current ratio of 0.86, a quick ratio of 0.84 and a debt-to-equity ratio of 0.87. Amerant Bancorp has a 12-month low of $15.62 and a 12-month high of $30.60.

Amerant Bancorp (NYSE:AMTB) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.39 by $0.14. Amerant Bancorp had a return on equity of 8.30% and a net margin of 8.76%.The firm had revenue of $183.31 million during the quarter, compared to analyst estimates of $98.64 million. Analysts forecast that Amerant Bancorp will post 2.22 EPS for the current fiscal year.

Amerant Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $0.09 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.36 dividend on an annualized basis and a yield of 1.2%. Amerant Bancorp’s dividend payout ratio (DPR) is 25.90%.

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.