Amerant Bancorp Inc. (NASDAQ: AMTB) has received a consensus rating of “Buy” from the nine brokerages that currently cover the company, reports Marketbeat Ratings. Two analysts rated the stock with a keep recommendation, five gave the company a buy recommendation, and one gave the company a strong buy recommendation. The 12-month average price target among brokerage firms that reported on the stock in the past year is $ 28.36.
AMTB has been the subject of several analyst reports. Zacks investment research upgraded Amerant Bancorp shares from a “hold” rating to a “strong buy” rating and set a price target of $ 40.00 for the company in a report released Tuesday. Stephens downgraded Amerant Bancorp shares from a “peer-to-peer” rating to an “overweight” rating in a research report published on Monday, November 8. Piper Sandler Downgraded Amerant Bancorp Stock From “Neutral” To “Overweight” Rating And Raised Its Price Target For The Company From $ 23.00 To $ 30.00 In Published Research Report Monday August 30. TheStreet downgraded Amerant Bancorp’s shares from a “c” rating to a “b-” rating in a research report published on Monday, August 30. Finally, Raymond James raised his price target on the Amerant Bancorp stock from $ 30.00 to $ 31.00 and assigned the stock an “outperformance” rating in a research report on Friday, October 22.
NASDAQ: AMTB opened at $ 34.14 on Friday. The stock has a market cap of $ 1.28 billion, a price-to-earnings ratio of 23.54 and a beta of 1.05. The company has a fifty-day simple moving average of $ 29.70 and a two-hundred-day simple moving average of $ 25.59. Amerant Bancorp has a 12 month low of $ 13.63 and a 12 month high of $ 36.72. The company has a current ratio of 0.99, a quick ratio of 0.95, and a debt to equity ratio of 1.15.
Amerant Bancorp (NASDAQ: AMTB) last released its quarterly earnings data on Tuesday, October 19. The company reported earnings per share (EPS) of $ 0.45 for the quarter, beating consensus analysts’ estimates of $ 0.39 per $ 0.06. The company posted revenue of $ 65.26 million in the quarter, compared to $ 61.42 million expected by analysts. Amerant Bancorp had a net margin of 18.58% and a return on equity of 7.88%. During the same period last year, the company made a profit of $ 0.08 per share. Stock analysts forecast Amerant Bancorp to post earnings per share of 1.72 for the current fiscal year.
The company also recently disclosed an unavailable dividend, which will be paid on Saturday, January 15. Investors of record on Wednesday, December 22 will receive a dividend of $ 0.06 per share. The ex-dividend date is Tuesday, December 21. Amerant Bancorp’s dividend payout ratio is currently 4.14%.
In other news from Amerant Bancorp, the director Millar Wilson sold 30,769 shares of the company in a transaction that took place on Wednesday, November 17. The shares were sold for an average price of $ 29.97, for a total value of $ 922,146.93. The transaction has been disclosed in a legal file with the Securities & Exchange Commission, which is available at this link. In addition, Director A. Gustavo J. Vollmer sold 2,630 shares of the company in a transaction that took place on Monday, December 13. The stock was sold for an average price of $ 29.93, for a total trade of $ 78,715.90. Disclosure of this sale can be found here. In the past ninety days, insiders have bought 600 shares of the company valued at $ 16,084. 17.15% of the shares are held by insiders.
A number of hedge funds have recently increased or reduced their holdings in AMTB. Marshall Wace LLP purchased a new 1st quarter stake in Amerant Bancorp shares valued at approximately $ 87,000. The Royal Bank of Canada increased its holdings of Amerant Bancorp shares by 9.2% in the 1st quarter. Royal Bank of Canada now owns 10,432 shares of the company valued at $ 194,000 after acquiring 881 additional shares during the last quarter. Russell Investments Group Ltd. increased its holdings of Amerant Bancorp shares by 208.1% in the second quarter. Russell Investments Group Ltd. now owns 3,940 shares of the company valued at $ 83,000 after acquiring 2,661 additional shares during the last quarter. Los Angeles Capital Management LLC increased its stake in Amerant Bancorp shares by 97.1% in the 2nd quarter. Los Angeles Capital Management LLC now owns 20,075 shares of the company valued at $ 429,000 after acquiring an additional 9,890 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Amerant Bancorp shares by 37.4% in the second quarter. American Century Companies Inc. now owns 41,298 shares of the company valued at $ 883,000 after acquiring an additional 11,233 shares during the last quarter. 29.17% of the shares are held by institutional investors and hedge funds.
Amerant Bancorp Company Profile
Amerant Bancorp, Inc. operates as a banking holding company, which provides banking products and services to individuals and businesses in the United States and around the world. The company offers a range of checking and savings accounts, certificates of deposit and money market accounts. It also provides variable and fixed rate commercial real estate loans, loans guaranteed by owner-occupied properties, domestic and foreign personal loans mainly secured by personal residence, working capital loans, loans on assets, stakes in shared national credits, purchased receivables, and small business administration loans, loans to financial institutions and acceptances, and consumer loans and overdrafts, such as auto loans, loans personal or loans secured by cash or securities and revolving credit card agreements.
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