Amerant Bancorp Inc. (NYSE:AMTB) Given Consensus Recommendation of “Hold” by Analysts

Amerant Bancorp Inc. (NYSE:AMTB) has received a consensus rating of “Hold” from the five brokerages that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $23.6667.

AMTB has been the subject of a number of research analyst reports. Weiss Ratings downgraded Amerant Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 2nd. Wall Street Zen upgraded shares of Amerant Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Finally, Zacks Research raised shares of Amerant Bancorp from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 23rd.

Institutional Trading of Amerant Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of AMTB. AQR Capital Management LLC lifted its holdings in shares of Amerant Bancorp by 83.0% in the first quarter. AQR Capital Management LLC now owns 22,594 shares of the company’s stock valued at $466,000 after buying an additional 10,249 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Amerant Bancorp by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,989 shares of the company’s stock worth $454,000 after acquiring an additional 963 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Amerant Bancorp by 6.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 91,965 shares of the company’s stock worth $1,898,000 after acquiring an additional 5,434 shares in the last quarter. Legal & General Group Plc raised its position in Amerant Bancorp by 1.8% in the second quarter. Legal & General Group Plc now owns 35,819 shares of the company’s stock worth $653,000 after acquiring an additional 617 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new stake in Amerant Bancorp in the 2nd quarter valued at about $275,000. Institutional investors own 42.11% of the company’s stock.

Amerant Bancorp Stock Up 0.0%

Shares of Amerant Bancorp stock opened at $25.79 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of 0.90. The firm has a market cap of $1.01 billion, a P/E ratio of 18.29 and a beta of 0.88. Amerant Bancorp has a fifty-two week low of $15.62 and a fifty-two week high of $26.66. The business has a 50-day moving average price of $23.95 and a 200 day moving average price of $22.70.

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

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.