Amerant Bancorp (NASDAQ:AMTB) Price Target Raised to $26.00

Key Points

• Piper Sandler raised its price target for Amerant Bancorp from $25.00 to $26.00, indicating a potential upside of 28.71% from the current price.
• Other analysts have mixed views, with Raymond James downgrading the stock to "market perform" while Keefe, Bruyette & Woods raised their target to $22.00.
• Amerant Bancorp's stock is currently down 0.3%, trading at $20.20, with a market capitalization of approximately $844.95 million.

Amerant Bancorp (NASDAQ:AMTB - Free Report) had its price objective lifted by Piper Sandler from $25.00 to $26.00 in a research report sent to investors on Monday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

A number of other equities analysts also recently issued reports on AMTB. Stephens reiterated an "overweight" rating and set a $24.00 price objective on shares of Amerant Bancorp in a research note on Tuesday, April 29th. Raymond James Financial downgraded shares of Amerant Bancorp from an "outperform" rating to a "market perform" rating in a research note on Thursday, April 24th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Amerant Bancorp from $20.00 to $22.00 and gave the company a "market perform" rating in a research note on Monday.

Amerant Bancorp Stock Down 1.8%

Shares of NASDAQ AMTB traded down $0.35 during midday trading on Monday, reaching $19.25. 221,879 shares of the company's stock traded hands, compared to its average volume of 200,096. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. The stock's 50 day simple moving average is $18.41 and its 200-day simple moving average is $19.80. Amerant Bancorp has a one year low of $16.21 and a one year high of $26.24. The company has a market cap of $805.12 million, a price-to-earnings ratio of -33.77 and a beta of 1.31.

Amerant Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.36 dividend on an annualized basis and a yield of 1.9%. Amerant Bancorp's payout ratio is presently -180.00%.

Institutional Trading of Amerant Bancorp

Institutional investors have recently modified their holdings of the stock. Sterling Capital Management LLC grew its position in shares of Amerant Bancorp by 1,000.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,167 shares of the company's stock valued at $26,000 after purchasing an additional 1,061 shares during the period. GAMMA Investing LLC boosted its position in Amerant Bancorp by 160.4% during the first quarter. GAMMA Investing LLC now owns 1,211 shares of the company's stock worth $25,000 after acquiring an additional 746 shares during the last quarter. CWM LLC boosted its position in Amerant Bancorp by 241.0% during the first quarter. CWM LLC now owns 1,579 shares of the company's stock worth $33,000 after acquiring an additional 1,116 shares during the last quarter. AlphaQuest LLC acquired a new position in Amerant Bancorp during the first quarter worth about $59,000. Finally, Summit Investment Advisors Inc. boosted its position in Amerant Bancorp by 49.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,874 shares of the company's stock worth $87,000 after acquiring an additional 1,286 shares during the last quarter. Institutional investors and hedge funds own 42.11% of the company's stock.

About Amerant Bancorp

Amerant Bancorp Inc operates as the bank holding company for Amerant Bank, N.A. that provides banking products and services to individuals and businesses in the United States and internationally. It offers checking, savings, business, and money market accounts; cash management services; and certificates of deposits.