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

by · The Cerbat Gem

Amerant Bancorp (NYSE:AMTB – Get Free Report) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday.

AMTB has been the topic of a number of other research reports. Weiss Ratings restated a “hold (c)” rating on shares of Amerant Bancorp in a research note on Monday, December 29th. Zacks Research cut Amerant Bancorp from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Check Out Our Latest Research Report on AMTB

Amerant Bancorp Price Performance

NYSE AMTB opened at $21.75 on Friday. The business’s fifty day moving average is $21.32 and its 200 day moving average is $20.00. Amerant Bancorp has a fifty-two week low of $15.62 and a fifty-two week high of $23.55. 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 company has a market capitalization of $897.62 million, a PE ratio of 17.40 and a beta of 1.00.

Amerant Bancorp (NYSE:AMTB – Get Free Report) last released its earnings results on Thursday, January 22nd. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.10. The company had revenue of $230.71 million during the quarter. Amerant Bancorp had a net margin of 7.75% and a return on equity of 7.81%.

Amerant Bancorp Company Profile

(Get Free Report)

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.

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