Amerant Bancorp Inc. (NYSE:AMTB) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts give Amerant Bancorp a “Moderate Buy” consensus rating: Two analysts rate the stock a buy, one a strong buy and two a hold, with an average 12-month price target of $26.33.
• Amerant reported quarterly EPS of $0.53, exceeding the $0.39 consensus estimate, while revenue reached $183.31 million versus expectations of $98.64 million.
• The company declared a quarterly dividend of $0.09 per share, equivalent to a $0.36 annualized payout and a 1.2% yield; institutional investors own 42.11% of outstanding shares.

Shares of Amerant Bancorp Inc. (NYSE:AMTB - Get Free Report) have received a consensus rating of "Moderate Buy" from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $26.3333.

AMTB has been the topic of several recent research reports. Wall Street Zen raised Amerant Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, May 23rd. Keefe, Bruyette & Woods boosted 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. Zacks Research upgraded Amerant Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings downgraded Amerant Bancorp from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, July 2nd.

Amerant Bancorp Price Performance

Shares of AMTB opened at $28.91 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.85 and a current ratio of 0.86. The company has a 50 day moving average price of $25.60 and a 200-day moving average price of $23.47. Amerant Bancorp has a fifty-two week low of $15.62 and a fifty-two week high of $30.60. The stock has a market capitalization of $1.13 billion, a PE ratio of 20.80 and a beta of 0.87.

Amerant Bancorp (NYSE:AMTB - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.14. The company had revenue of $183.31 million for 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%. Equities analysts predict that Amerant Bancorp will post 2.22 earnings per share for the current fiscal year.

Amerant Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 14th. Amerant Bancorp's dividend payout ratio is presently 25.90%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Tudor Investment Corp ET AL lifted its position in Amerant Bancorp by 411.8% during the third quarter. Tudor Investment Corp ET AL now owns 90,367 shares of the company's stock valued at $1,741,000 after acquiring an additional 72,709 shares during the last quarter. North Reef Capital Management LP purchased a new position in Amerant Bancorp in the first quarter worth $25,577,000. Principal Financial Group Inc. acquired a new position in shares of Amerant Bancorp during the first quarter worth $1,214,000. Vanguard Group Inc. increased its position in shares of Amerant Bancorp by 9.3% during the fourth quarter. Vanguard Group Inc. now owns 2,424,944 shares of the company's stock worth $47,311,000 after purchasing an additional 206,874 shares in the last quarter. Finally, UBS Group AG lifted its holdings in shares of Amerant Bancorp by 35.0% during the 4th quarter. UBS Group AG now owns 130,932 shares of the company's stock valued at $2,554,000 after purchasing an additional 33,935 shares during the last quarter. Hedge funds and other institutional investors 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.

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