Amerant Bancorp (NYSE:AMTB) Raised to “Hold” at Zacks Research

Amerant Bancorp (NYSE:AMTB) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other equities analysts have also recently weighed in on AMTB. Wall Street Zen raised Amerant Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings raised Amerant Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 20th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Amerant Bancorp presently has an average rating of “Moderate Buy” and an average price target of $23.67.

Amerant Bancorp Trading Up 1.5%

NYSE:AMTB opened at $24.65 on Tuesday. The company has a market cap of $970.10 million, a P/E ratio of 17.48 and a beta of 0.90. Amerant Bancorp has a twelve month low of $15.62 and a twelve month high of $24.70. The business has a 50 day moving average price of $23.09 and a two-hundred day moving average price of $21.97. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of 0.90.

Amerant Bancorp (NYSE:AMTB) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $177.94 million for the quarter, compared to the consensus estimate of $102.56 million. Amerant Bancorp had a net margin of 8.83% and a return on equity of 8.59%. As a group, analysts expect that Amerant Bancorp will post 1.79 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AMTB. Royal Bank of Canada raised its position in shares of Amerant Bancorp by 149.2% in the first quarter. Royal Bank of Canada now owns 2,524 shares of the company’s stock valued at $56,000 after purchasing an additional 1,511 shares during the period. State of Wyoming acquired a new position in Amerant Bancorp in the 4th quarter valued at about $78,000. Tower Research Capital LLC TRC raised its holdings in Amerant Bancorp by 11.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,986 shares of the company’s stock valued at $91,000 after acquiring an additional 526 shares during the period. Raymond James Financial Inc. acquired a new stake in Amerant Bancorp during the second quarter worth approximately $129,000. Finally, Aquatic Capital Management LLC acquired a new stake in Amerant Bancorp during the third quarter worth approximately $143,000. 42.11% of the stock is owned by institutional investors and hedge funds.

About Amerant Bancorp

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.