Amerant Bancorp (NYSE:AMTB) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research downgraded Amerant Bancorp from “strong buy” to “hold,” while other analysts have issued mixed views. The stock has a “Moderate Buy” consensus rating and an average price target of $27.75.
• Amerant shares opened at $29.61, near their 52-week high of $30.60, with a market capitalization of approximately $1.16 billion.
• The company reported quarterly EPS of $0.53, beating the $0.39 consensus estimate, while revenue reached $183.31 million versus expectations of $98.64 million.

Amerant Bancorp (NYSE:AMTB - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued on Thursday, Zacks reports.

Several other research analysts also recently weighed in on AMTB. Keefe, Bruyette & Woods upped 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. Stephens downgraded shares of Amerant Bancorp from an "overweight" rating to an "equal weight" rating and set a $32.00 price target on the stock. in a research note on Wednesday, August 12th. Finally, Weiss Ratings upgraded shares of Amerant Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, September 18th. 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $27.75.

Amerant Bancorp Stock Performance

Amerant Bancorp stock opened at $29.61 on Thursday. The firm has a market capitalization of $1.16 billion, a PE ratio of 21.30 and a beta of 0.83. Amerant Bancorp has a one year low of $15.62 and a one year high of $30.60. The stock's 50 day moving average price is $28.92 and its 200 day moving average price is $25.22. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.84 and a current ratio of 0.86.

Amerant Bancorp (NYSE:AMTB - Get Free Report) last issued 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. The company had revenue of $183.31 million during the quarter, compared to the consensus estimate of $98.64 million. Amerant Bancorp had a net margin of 8.76% and a return on equity of 8.30%. As a group, sell-side analysts expect that Amerant Bancorp will post 2.2 EPS for the current fiscal year.

Institutional Trading of Amerant Bancorp

A number of hedge funds have recently made changes to their positions in the stock. Nykredit A S acquired a new stake in Amerant Bancorp in the second quarter valued at $29,000. Royal Bank of Canada boosted its stake in Amerant Bancorp by 149.2% during the 1st quarter. Royal Bank of Canada now owns 2,524 shares of the company's stock valued at $56,000 after acquiring an additional 1,511 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Amerant Bancorp during the 2nd quarter worth $215,000. State of Wyoming increased its position in shares of Amerant Bancorp by 148.6% in the 1st quarter. State of Wyoming now owns 9,941 shares of the company's stock worth $219,000 after purchasing an additional 5,942 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Amerant Bancorp by 110.8% in the 1st quarter. Janus Henderson Group PLC now owns 22,637 shares of the company's stock worth $499,000 after purchasing an additional 11,900 shares during the last quarter. Institutional investors and hedge funds own 42.11% of the company's stock.

About Amerant Bancorp

Amerant Bancorp NYSE: AMTB is a bank holding company headquartered in Coral Gables, Florida. Its principal subsidiary, Amerant Bank, provides banking and financial services to individuals, families, businesses and commercial clients.

Amerant Bank's offerings include checking and savings accounts, certificates of deposit, consumer and commercial lending, residential mortgages, home equity products, credit cards, treasury management and wealth management services. The bank also provides digital banking tools and services for business and personal customers.

The company traces its roots to 1979 and operated for many years under the Mercantil Commercebank and Mercantil Bank names before adopting the Amerant brand.

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