Amerant Bancorp (NYSE:AMTB) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Amerant Bancorp (NYSE:AMTB) from a buy rating to a hold rating in a report issued on Saturday morning.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Amerant Bancorp in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Amerant Bancorp has a consensus rating of “Sell”.

Amerant Bancorp Price Performance

AMTB opened at $18.31 on Friday. Amerant Bancorp has a fifty-two week low of $16.21 and a fifty-two week high of $26.24. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.95 and a quick ratio of 0.95. The business’s fifty day simple moving average is $20.13. The firm has a market capitalization of $764.44 million, a P/E ratio of -91.55 and a beta of 1.30.

Amerant Bancorp (NYSE:AMTB) last posted its quarterly earnings results on Wednesday, January 19th. The company reported $0.50 earnings per share for the quarter. Amerant Bancorp had a net margin of 0.60% and a return on equity of 7.12%. The firm had revenue of $56.99 million for the quarter.

About Amerant Bancorp

Amerant Bancorp Inc operates as the bank holding company for Amerant Bank, N.A. that provides banking products and services to individuals and businesses in the United States and internationally. The company offers checking, savings, and money market accounts; and certificates of deposits. It also provides variable and fixed rate commercial real estate loans; loans secured by owner-occupied properties; loans to domestic and foreign individuals primarily secured by personal residence; working capital loans, asset-based lending, participations in shared national credits, purchased receivables, and small business administration loans; loans to financial institutions and acceptances; and consumer loans and overdrafts, such as automobile, personal, or loans secured by cash or securities and revolving credit card agreements.