Amerant Bancorp (NYSE:AMTB) Downgraded by Stephens to "Equal Weight"

Key Points

• Stephens downgraded Amerant Bancorp from “overweight” to “equal weight,” while maintaining a $32 price target—about 10.3% above the stock’s cited current price.
• Analyst sentiment remains favorable overall, with a “Moderate Buy” consensus and an average target price of $27.75, despite mixed recent rating changes.
• Amerant reported quarterly EPS of $0.53, beating the $0.39 consensus estimate, on revenue of $183.31 million. The stock opened at $29.01 and remains near its 52-week high of $30.60.

Amerant Bancorp (NYSE:AMTB - Get Free Report) was downgraded by analysts at Stephens from an "overweight" rating to an "equal weight" rating in a report released on Wednesday, MarketBeat Ratings reports. They presently have a $32.00 price objective on the stock. Stephens' price objective would suggest a potential upside of 10.30% from the company's current price.

Other research analysts have also issued research reports about the stock. Zacks Research upgraded shares of Amerant Bancorp from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 22nd. Wall Street Zen upgraded shares of Amerant Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, May 23rd. Weiss Ratings lowered shares of Amerant Bancorp from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, July 2nd. Finally, Keefe, Bruyette & Woods raised their target price on shares of Amerant Bancorp from $26.00 to $31.00 and gave the company a "market perform" rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $27.75.

Amerant Bancorp Stock Performance

NYSE:AMTB opened at $29.01 on Wednesday. The company has a market cap of $1.14 billion, a P/E ratio of 20.87 and a beta of 0.87. The firm's 50 day moving average is $25.86 and its two-hundred day moving average is $23.60. Amerant Bancorp has a fifty-two week low of $15.62 and a fifty-two week high of $30.60. The company has a quick ratio of 0.84, a current ratio of 0.86 and a debt-to-equity ratio of 0.87.

Amerant Bancorp (NYSE:AMTB - Get Free Report) last announced 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. Amerant Bancorp had a net margin of 8.76% and a return on equity of 8.30%. The company had revenue of $183.31 million during the quarter, compared to analysts' expectations of $98.64 million. Analysts expect that Amerant Bancorp will post 2.22 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. AQR Capital Management LLC increased its holdings in Amerant Bancorp by 83.0% during the 1st quarter. AQR Capital Management LLC now owns 22,594 shares of the company's stock worth $466,000 after purchasing an additional 10,249 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Amerant Bancorp by 4.6% during the 1st 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Amerant Bancorp by 6.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 91,965 shares of the company's stock worth $1,898,000 after purchasing an additional 5,434 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Amerant Bancorp by 1.8% in the 2nd quarter. Legal & General Group Plc now owns 35,819 shares of the company's stock valued at $653,000 after purchasing an additional 617 shares in the last quarter. Finally, Prudential Financial Inc. bought a new position in shares of Amerant Bancorp during the second quarter worth about $275,000. 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.

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