Amerant Bancorp (NYSE:AMTB) Releases Earnings Results, Beats Expectations By $0.01 EPS

Key Points

• Amerant Bancorp beat EPS expectations, reporting $0.44 per share vs. a $0.43 consensus while revenue missed at $97.66M versus $102.56M; net margin was 7.75% and ROE 7.78%.
• Shares trade near their 52-week high (high $24.38, opened $24.00) with a market cap of about $965M and a consensus rating of "Moderate Buy" (average target $23.75), while several analysts have recently raised targets to $23 amid mixed Buy/Hold ratings.
• Insiders and institutions increased exposure: Director Odilon Almeida bought 4,816 shares at $20.99, insiders own 5.37% of the stock and institutional investors hold about 42.11%.

Amerant Bancorp (NYSE:AMTB - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01, FiscalAI reports. Amerant Bancorp had a net margin of 7.75% and a return on equity of 7.78%. The firm had revenue of $97.66 million during the quarter, compared to analysts' expectations of $102.56 million.

Amerant Bancorp Price Performance

Shares of AMTB stock opened at $24.00 on Friday. Amerant Bancorp has a 52-week low of $15.62 and a 52-week high of $24.38. The stock has a market cap of $965.32 million, a PE ratio of 19.20 and a beta of 0.93. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.91 and a current ratio of 0.92. The firm's 50 day moving average price is $22.26 and its two-hundred day moving average price is $20.46.

Wall Street Analyst Weigh In

A number of research analysts have commented on AMTB shares. Raymond James Financial increased their price objective on Amerant Bancorp from $21.00 to $23.00 and gave the company an "outperform" rating in a research report on Wednesday, January 7th. Zacks Research upgraded Amerant Bancorp from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 26th. Keefe, Bruyette & Woods upped their price target on Amerant Bancorp from $21.00 to $23.00 and gave the company a "market perform" rating in a research note on Wednesday, January 28th. Weiss Ratings reiterated a "hold (c)" rating on shares of Amerant Bancorp in a report on Friday, March 27th. Finally, Wall Street Zen cut Amerant Bancorp from a "buy" rating to a "hold" rating in a report on Sunday, March 1st. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $23.75.

Insider Buying and Selling

In other Amerant Bancorp news, Director Odilon Almeida bought 4,816 shares of the company's stock in a transaction on Tuesday, January 27th. The stock was bought at an average price of $20.99 per share, for a total transaction of $101,087.84. Following the transaction, the director owned 5,316 shares of the company's stock, valued at approximately $111,582.84. The trade was a 963.20% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.37% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Amerant Bancorp by 1.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 49,309 shares of the company's stock valued at $962,000 after buying an additional 473 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Amerant Bancorp by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 154,003 shares of the company's stock valued at $2,807,000 after buying an additional 500 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Amerant Bancorp by 11.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,986 shares of the company's stock worth $91,000 after acquiring an additional 526 shares in the last quarter. Legal & General Group Plc increased its position in shares of Amerant Bancorp by 1.8% during the second quarter. Legal & General Group Plc now owns 35,819 shares of the company's stock worth $653,000 after acquiring an additional 617 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Amerant Bancorp by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,989 shares of the company's stock worth $454,000 after acquiring an additional 963 shares in the last quarter. 42.11% of the stock is currently owned by institutional investors.

About Amerant Bancorp

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.