Amerant Bancorp's (AMTB) Overweight Rating Reiterated at Stephens

Amerant Bancorp (NASDAQ:AMTB - Get Free Report)'s stock had its "overweight" rating reiterated by investment analysts at Stephens in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $24.00 target price on the stock. Stephens' target price would suggest a potential upside of 42.35% from the stock's previous close.

Other research analysts also recently issued reports about the company. Keefe, Bruyette & Woods cut their price target on Amerant Bancorp from $24.00 to $20.00 and set a "market perform" rating for the company in a report on Friday. Raymond James downgraded shares of Amerant Bancorp from an "outperform" rating to a "market perform" rating in a research note on Thursday, April 24th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Amerant Bancorp has an average rating of "Hold" and a consensus target price of $24.60.

Amerant Bancorp Price Performance

Shares of NASDAQ:AMTB traded down $0.08 on Tuesday, hitting $16.86. The company had a trading volume of 19,112 shares, compared to its average volume of 190,414. The company has a market cap of $706.77 million, a PE ratio of -29.56 and a beta of 1.05. The business has a 50 day moving average of $20.17 and a 200 day moving average of $21.99. Amerant Bancorp has a 52-week low of $16.21 and a 52-week high of $27.00. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 1.18.

Institutional Trading of Amerant Bancorp

Large investors have recently added to or reduced their stakes in the stock. Barclays PLC lifted its stake in shares of Amerant Bancorp by 121.2% during the third quarter. Barclays PLC now owns 67,916 shares of the company's stock worth $1,452,000 after purchasing an additional 37,208 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Amerant Bancorp by 7.9% in the third quarter. JPMorgan Chase & Co. now owns 23,261 shares of the company's stock worth $497,000 after acquiring an additional 1,705 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Amerant Bancorp by 50.5% in the 4th quarter. SG Americas Securities LLC now owns 23,467 shares of the company's stock valued at $526,000 after purchasing an additional 7,877 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Amerant Bancorp by 47.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 479,466 shares of the company's stock valued at $10,745,000 after purchasing an additional 154,466 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Amerant Bancorp by 14.1% in the 4th quarter. Rhumbline Advisers now owns 53,809 shares of the company's stock valued at $1,206,000 after buying an additional 6,664 shares during the period. 42.11% of the stock is currently owned by institutional investors and hedge funds.

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.

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