Amerant Bancorp (NYSE:AMTB) Issues Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Amerant Bancorp (NYSE:AMTB) posted its earnings results on Thursday. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.10, FiscalAI reports. Amerant Bancorp had a return on equity of 7.82% and a net margin of 9.74%.The company had revenue of $112.17 million during the quarter.

Amerant Bancorp Stock Up 2.9%

Shares of AMTB opened at $22.23 on Friday. The stock has a market cap of $917.43 million, a P/E ratio of 14.07 and a beta of 1.03. Amerant Bancorp has a fifty-two week low of $15.62 and a fifty-two week high of $24.40. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.92 and a current ratio of 0.92. The business’s 50 day simple moving average is $19.71.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AMTB shares. Raymond James Financial raised Amerant Bancorp from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, October 29th. Wall Street Zen lowered shares of Amerant Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, November 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Amerant Bancorp in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

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.