Keefe, Bruyette & Woods Issues Positive Forecast for Amerant Bancorp (NASDAQ:AMTB) Stock Price

Amerant Bancorp (NASDAQ:AMTB) had its target price hoisted by Keefe, Bruyette & Woods from $21.00 to $23.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 10.66% from the stock’s current price.

AMTB has been the subject of a number of other research reports. Raymond James Financial upped their target price on Amerant Bancorp from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Wednesday, January 7th. Piper Sandler raised their price objective on Amerant Bancorp from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.75.

Amerant Bancorp Trading Down 0.3%

Shares of NASDAQ AMTB traded down $0.07 during trading hours on Wednesday, reaching $20.79. The stock had a trading volume of 24,716 shares, compared to its average volume of 251,978. The business’s fifty day moving average price is $19.93 and its two-hundred day moving average price is $19.55. The firm has a market cap of $857.71 million, a price-to-earnings ratio of -36.33 and a beta of 1.03. Amerant Bancorp has a 52-week low of $15.62 and a 52-week high of $24.30. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 1.18.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Daytona Street Capital LLC purchased a new position in shares of Amerant Bancorp in the fourth quarter valued at approximately $231,000. SG Americas Securities LLC lifted its holdings in Amerant Bancorp by 71.8% in the 4th quarter. SG Americas Securities LLC now owns 19,780 shares of the company’s stock valued at $386,000 after purchasing an additional 8,268 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Amerant Bancorp by 171.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 222,940 shares of the company’s stock worth $4,296,000 after purchasing an additional 140,833 shares during the last quarter. Tudor Investment Corp ET AL boosted its stake in Amerant Bancorp by 411.8% during the 3rd quarter. Tudor Investment Corp ET AL now owns 90,367 shares of the company’s stock worth $1,741,000 after purchasing an additional 72,709 shares during the last quarter. Finally, Numerai GP LLC grew its holdings in shares of Amerant Bancorp by 65.4% during the third quarter. Numerai GP LLC now owns 50,397 shares of the company’s stock worth $971,000 after buying an additional 19,928 shares in the last quarter. Hedge funds and other institutional investors own 42.11% of the company’s stock.

About Amerant Bancorp

Amerant Bancorp is the bank holding company for Amerant Bank, a full‐service community bank headquartered in Coral Gables, Florida. Through its banking subsidiary, Amerant Bank, the company offers a broad range of commercial and consumer banking solutions designed to serve both individual customers and small‐ to medium‐sized businesses. Its core activities include deposit gathering, lending, and cash management services.

The firm’s product lineup encompasses traditional checking and savings accounts, mortgage and commercial real estate loans, construction financing, and equipment lending.