Amerant Bancorp (NYSE:AMTB) Posts Quarterly Earnings Results, Beats Expectations By $0.08 EPS

by · The Markets Daily

Amerant Bancorp (NYSE:AMTB – Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.08, FiscalAI reports. Amerant Bancorp had a return on equity of 8.30% and a net margin of 8.76%. The business had revenue of $90.46 million during the quarter, compared to analyst estimates of $103.35 million.

Amerant Bancorp Stock Up 1.9%

Shares of AMTB stock traded up $0.57 on Thursday, hitting $29.70. The company’s stock had a trading volume of 434,827 shares, compared to its average volume of 314,158. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.84. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 21.37 and a beta of 0.82. Amerant Bancorp has a fifty-two week low of $15.62 and a fifty-two week high of $30.60. The firm’s fifty day moving average price is $29.10 and its 200-day moving average price is $26.22.

Analyst Ratings Changes

A number of research firms have recently commented on AMTB. Keefe, Bruyette & Woods boosted their price objective on Amerant Bancorp from $26.00 to $31.00 and gave the stock a “market perform” rating in a research note on Monday, August 3rd. Stephens cut Amerant Bancorp from an “overweight” rating to an “equal weight” rating and set a $32.00 price target on the stock. in a report on Wednesday, August 12th. Weiss Ratings upgraded Amerant Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Finally, Zacks Research lowered Amerant Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 24th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Amerant Bancorp presently has an average rating of “Moderate Buy” and a consensus target price of $27.75.

Get Our Latest Stock Analysis on Amerant Bancorp

About Amerant Bancorp

(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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