ValuEngine lowered shares of Mercantil Bank (NASDAQ:AMTB) from a sell rating to a strong sell rating in a research note issued to investors on Monday morning, ValuEngine reports.

Separately, Zacks Investment Research lowered Mercantil Bank from a buy rating to a hold rating in a report on Tuesday, February 4th. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Mercantil Bank currently has a consensus rating of Hold and a consensus price target of $19.38.

AMTB stock opened at $15.17 on Monday. The business’s 50-day moving average price is $17.23 and its two-hundred day moving average price is $19.71. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.59. The firm has a market cap of $655.15 million, a PE ratio of 12.62 and a beta of 0.85. Mercantil Bank has a 1-year low of $10.95 and a 1-year high of $23.59.

Mercantil Bank (NASDAQ:AMTB) last posted its earnings results on Thursday, January 30th. The company reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.05. The firm had revenue of $67.23 million for the quarter, compared to analyst estimates of $64.59 million. Mercantil Bank had a return on equity of 6.55% and a net margin of 13.87%. On average, analysts forecast that Mercantil Bank will post 0.8 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp raised its stake in shares of Mercantil Bank by 11.6% in the 4th quarter. State Street Corp now owns 356,988 shares of the company’s stock valued at $7,779,000 after purchasing an additional 37,075 shares during the period. Geode Capital Management LLC raised its stake in shares of Mercantil Bank by 9.7% in the 4th quarter. Geode Capital Management LLC now owns 284,296 shares of the company’s stock valued at $6,194,000 after purchasing an additional 25,055 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Mercantil Bank by 63.6% in the 4th quarter. Bank of New York Mellon Corp now owns 106,315 shares of the company’s stock valued at $2,317,000 after purchasing an additional 41,335 shares during the period. Renaissance Technologies LLC raised its stake in shares of Mercantil Bank by 35.1% in the 4th quarter. Renaissance Technologies LLC now owns 89,303 shares of the company’s stock valued at $1,946,000 after purchasing an additional 23,203 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Mercantil Bank by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 50,589 shares of the company’s stock valued at $1,103,000 after purchasing an additional 1,531 shares during the period. 17.93% of the stock is currently owned by hedge funds and other institutional investors.

Mercantil Bank Company Profile

Mercantil Bank Holding Corporation operates as a 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 operates through four segments: Personal and Commercial Banking, Corporate LATAM, Treasury, and Institutional.

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