Amerant Bancorp (NYSE:AMTB) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Amerant Bancorp (NYSE:AMTB – Free Report) from a hold rating to a buy rating in a research report released on Saturday,Wall Street Zen reports.

Several other research firms have also recently weighed in on AMTB. Piper Sandler reiterated an “overweight” rating and issued a $35.00 price target (up from $33.50) on shares of Amerant Bancorp in a report on Monday, October 26th. Stephens cut shares of Amerant Bancorp from an “overweight” rating to an “equal weight” rating and set a $32.00 price objective on the stock. in a research report on Wednesday, August 12th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Amerant Bancorp in a research note on Monday, November 2nd. Weiss Ratings upgraded Amerant Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Finally, Zacks Research downgraded Amerant Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 24th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Amerant Bancorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.25.

Check Out Our Latest Stock Analysis on AMTB

Amerant Bancorp Trading Up 1.8%

Amerant Bancorp stock opened at $30.14 on Friday. Amerant Bancorp has a 12 month low of $16.81 and a 12 month high of $31.00. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 17.83 and a beta of 0.80. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 1.02. The business has a 50 day moving average price of $29.35 and a two-hundred day moving average price of $25.38.

Amerant Bancorp (NYSE:AMTB – Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.08. The company had revenue of $108.80 million for the quarter, compared to the consensus estimate of $103.35 million. Amerant Bancorp had a return on equity of 9.57% and a net margin of 10.63%. As a group, equities analysts forecast that Amerant Bancorp will post 2.24 EPS for the current year.

Amerant Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be issued a $0.09 dividend. The ex-dividend date is Friday, November 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.2%. Amerant Bancorp’s dividend payout ratio (DPR) is 21.30%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. grew its position in Amerant Bancorp by 1,442.7% in the third quarter. Russell Investments Group Ltd. now owns 234,711 shares of the company’s stock valued at $6,729,000 after purchasing an additional 219,497 shares in the last quarter. R Squared Ltd acquired a new position in shares of Amerant Bancorp during the 3rd quarter worth about $204,000. State of Wyoming acquired a new position in shares of Amerant Bancorp during the 3rd quarter worth about $137,000. Nisa Investment Advisors LLC grew its holdings in shares of Amerant Bancorp by 455.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,350 shares of the company’s stock valued at $67,000 after acquiring an additional 1,927 shares in the last quarter. Finally, USA Financial Formulas bought a new position in shares of Amerant Bancorp in the 3rd quarter valued at about $50,000. Institutional investors and hedge funds own 42.11% of the company’s stock.

Amerant Bancorp Company Profile

(Get Free Report)

Amerant Bancorp is the bank holding company for Amerant Bank, a regional financial institution headquartered in Coral Gables, Florida. Through its banking subsidiary, the company provides financial products and services to consumers, businesses and institutions, with a primary focus on markets in Florida and Texas.

Amerant Bank offers deposit accounts, consumer and commercial loans, residential mortgages, home equity products, credit cards and treasury management services. It also provides wealth management and investment services, along with digital banking tools that allow customers to manage accounts, transfer funds and make payments online and through mobile devices.

The company traces its origins to 1970, when it was established as Commercebank.

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