Brokerages Set Amerant Bancorp Inc. (NYSE:AMTB) Target Price at $26.33

Amerant Bancorp Inc. (NYSE:AMTB) has earned an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $27.75.

Several analysts have issued reports on the stock. Weiss Ratings cut shares of Amerant Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 2nd. Zacks Research raised shares of Amerant Bancorp from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. Stephens downgraded 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. Wall Street Zen raised Amerant Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Finally, Keefe, Bruyette & Woods boosted their target price on Amerant Bancorp from $26.00 to $31.00 and gave the stock a “market perform” rating in a research report on Monday, August 3rd.

Amerant Bancorp Trading Down 0.4%

Shares of AMTB opened at $29.18 on Friday. Amerant Bancorp has a twelve month low of $15.62 and a twelve month high of $30.60. The stock has a market cap of $1.14 billion, a PE ratio of 20.99 and a beta of 0.87. The company has a quick ratio of 0.84, a current ratio of 0.86 and a debt-to-equity ratio of 0.87. The business’s 50-day moving average price is $26.15 and its 200-day moving average price is $23.70.

Amerant Bancorp (NYSE:AMTB) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.14. The company had revenue of $183.31 million during the quarter, compared to analyst estimates of $98.64 million. Amerant Bancorp had a net margin of 8.76% and a return on equity of 8.30%. On average, equities analysts forecast that Amerant Bancorp will post 2.22 EPS for the current fiscal year.

Amerant Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 14th. Amerant Bancorp’s dividend payout ratio (DPR) is 25.90%.

Institutional Investors Weigh In On Amerant Bancorp

Hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its stake in Amerant Bancorp by 149.2% in the 1st quarter. Royal Bank of Canada now owns 2,524 shares of the company’s stock worth $56,000 after buying an additional 1,511 shares in the last quarter. State of Wyoming purchased a new stake in shares of Amerant Bancorp during the 4th quarter valued at $78,000. Tower Research Capital LLC TRC lifted its holdings in shares of Amerant Bancorp by 11.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,986 shares of the company’s stock worth $91,000 after acquiring an additional 526 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Amerant Bancorp during the 2nd quarter worth $129,000. Finally, Aquatic Capital Management LLC purchased a new position in Amerant Bancorp in the third quarter worth $143,000. 42.11% of the stock is currently owned by institutional investors.

Amerant Bancorp Company Profile

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.