Amerant Bancorp Inc. (NYSE:AMTB) Stock Has Average Price Target of $27.75 According to Brokerages

Shares of Amerant Bancorp Inc. (NYSE:AMTB) have been assigned an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $27.75.

Several research analysts have weighed in on the stock. Weiss Ratings upgraded shares of Amerant Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, September 18th. Stephens downgraded Amerant Bancorp from an “overweight” rating to an “equal weight” rating and set a $32.00 target price on the stock. in a research report on Wednesday, August 12th. Keefe, Bruyette & Woods upped their price target 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. Finally, Zacks Research cut Amerant Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 24th.

Institutional Trading of Amerant Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of AMTB. Principal Financial Group Inc. bought a new stake in Amerant Bancorp during the first quarter valued at about $1,214,000. North Reef Capital Management LP purchased a new position in Amerant Bancorp in the 1st quarter worth approximately $25,577,000. Sei Investments Co. boosted its stake in Amerant Bancorp by 25.2% in the 1st quarter. Sei Investments Co. now owns 198,326 shares of the company’s stock worth $4,371,000 after purchasing an additional 39,971 shares during the period. Quantinno Capital Management LP grew its holdings in Amerant Bancorp by 45.3% during the 1st quarter. Quantinno Capital Management LP now owns 55,210 shares of the company’s stock valued at $1,217,000 after buying an additional 17,201 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Amerant Bancorp by 10.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,388,926 shares of the company’s stock valued at $30,611,000 after buying an additional 133,050 shares in the last quarter. 42.11% of the stock is owned by hedge funds and other institutional investors.

Amerant Bancorp Price Performance

Shares of NYSE AMTB opened at $28.73 on Monday. The firm has a market cap of $1.13 billion, a P/E ratio of 20.67 and a beta of 0.83. Amerant Bancorp has a twelve month low of $15.62 and a twelve month high of $30.60. 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 company has a 50 day moving average of $29.12 and a 200 day moving average of $25.41.

Amerant Bancorp (NYSE:AMTB) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.14. The firm had revenue of $183.31 million during the quarter, compared to analysts’ expectations of $98.64 million. Amerant Bancorp had a return on equity of 8.30% and a net margin of 8.76%. As a group, research analysts expect that Amerant Bancorp will post 2.2 EPS for the current fiscal year.

Amerant Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.36 annualized dividend and a yield of 1.3%. Amerant Bancorp’s payout ratio is currently 25.90%.

Amerant Bancorp Company Profile

Amerant Bancorp (NYSE: AMTB) is a bank holding company headquartered in Coral Gables, Florida. Its principal subsidiary, Amerant Bank, provides banking and financial services to individuals, families, businesses and commercial clients.

Amerant Bank’s offerings include checking and savings accounts, certificates of deposit, consumer and commercial lending, residential mortgages, home equity products, credit cards, treasury management and wealth management services. The bank also provides digital banking tools and services for business and personal customers.

The company traces its roots to 1979 and operated for many years under the Mercantil Commercebank and Mercantil Bank names before adopting the Amerant brand.