Amerant Bancorp (NYSE:AMTB) Raised to Buy at Wall Street Zen

Key Points

• Amerant Bancorp has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating increased analyst confidence in the stock.
• The stock opened at $21.06, with a market capitalization of approximately $879.26 million and a 52-week trading range between $16.21 and $26.24.
• Amerant Bancorp offers a spectrum of banking services, including various types of loans and deposit accounts, catering to both individuals and businesses.

Wall Street Zen upgraded shares of Amerant Bancorp (NYSE:AMTB - Free Report) from a hold rating to a buy rating in a report released on Saturday morning.

Amerant Bancorp Trading Up 1.2%

Shares of NYSE:AMTB traded up $0.24 during midday trading on Friday, reaching $20.84. 62,942 shares of the company's stock traded hands, compared to its average volume of 192,000. Amerant Bancorp has a 1 year low of $16.21 and a 1 year high of $26.24. The firm has a market capitalization of $870.07 million, a price-to-earnings ratio of -104.20 and a beta of 1.43. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.95 and a quick ratio of 0.95.

Amerant Bancorp Company Profile

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. The company offers checking, savings, and money market accounts; and certificates of deposits. It also provides variable and fixed rate commercial real estate loans; loans secured by owner-occupied properties; loans to domestic and foreign individuals primarily secured by personal residence; working capital loans, asset-based lending, participations in shared national credits, purchased receivables, and small business administration loans; loans to financial institutions and acceptances; and consumer loans and overdrafts, such as automobile, personal, or loans secured by cash or securities and revolving credit card agreements.