Amerant Bancorp (NYSE:AMTB) Posts Earnings Results, Beats Expectations By $0.14 EPS

Amerant Bancorp (NYSE:AMTB) posted its quarterly earnings results on Thursday. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.39 by $0.14, FiscalAI reports. Amerant Bancorp had a return on equity of 8.59% and a net margin of 8.83%.

Amerant Bancorp Trading Up 1.4%

Shares of NYSE:AMTB traded up $0.36 during midday trading on Thursday, reaching $25.81. 352,888 shares of the company’s stock were exchanged, compared to its average volume of 283,673. The firm’s 50 day simple moving average is $24.01 and its two-hundred day simple moving average is $22.75. Amerant Bancorp has a fifty-two week low of $15.62 and a fifty-two week high of $26.66. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.87 and a quick ratio of 0.85. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 18.31 and a beta of 0.88.

Analysts Set New Price Targets

Several brokerages have issued reports on AMTB. Wall Street Zen upgraded Amerant Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings lowered shares of Amerant Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 2nd. Finally, Zacks Research upgraded shares of Amerant Bancorp from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $23.67.

Institutional Trading of Amerant Bancorp

Several institutional investors have recently added to or reduced their stakes in AMTB. Osaic Holdings Inc. raised its holdings in shares of Amerant Bancorp by 134,722.2% in the 4th quarter. Osaic Holdings Inc. now owns 12,134 shares of the company’s stock valued at $237,000 after buying an additional 12,125 shares during the period. Graham Capital Management L.P. boosted its holdings in Amerant Bancorp by 38.6% during the 4th quarter. Graham Capital Management L.P. now owns 14,706 shares of the company’s stock valued at $287,000 after acquiring an additional 4,098 shares during the period. Algert Global LLC purchased a new position in Amerant Bancorp during the 3rd quarter valued at about $351,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Amerant Bancorp by 36.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,298 shares of the company’s stock valued at $237,000 after acquiring an additional 3,281 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in Amerant Bancorp by 27,381.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 13,466 shares of the company’s stock valued at $259,000 after acquiring an additional 13,417 shares in the last quarter. Institutional investors and hedge funds own 42.11% of the company’s stock.

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.