Amerant Bancorp Inc. (NYSE:AMTB) Stock Has Average Price Target of $27.75

Key Points

• Analyst sentiment is moderately positive: Amerant Bancorp has a consensus “Moderate Buy” rating, with three holds and three buys. The average 12-month price target is $27.75, below the stock’s reported $29.61 price.
• Quarterly results exceeded expectations: The company reported earnings of $0.53 per share versus the $0.39 consensus estimate, while revenue reached $183.31 million compared with expectations of $98.64 million.
• Amerant pays a quarterly dividend: The $0.09-per-share dividend equates to $0.36 annually and a 1.2% yield, with a payout ratio of 25.9%. Institutional investors and hedge funds own 42.11% of the company.

Amerant Bancorp Inc. (NYSE:AMTB - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $27.75.

Several brokerages recently weighed in on AMTB. Weiss Ratings upgraded Amerant Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, September 18th. Zacks Research lowered Amerant Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Thursday. Stephens cut shares of Amerant Bancorp from an "overweight" rating to an "equal weight" rating and set a $32.00 price objective on the stock. in a research note on Wednesday, August 12th. Finally, Keefe, Bruyette & Woods boosted 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.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. North Reef Capital Management LP acquired a new position in Amerant Bancorp in the 1st quarter worth about $25,577,000. Dimensional Fund Advisors LP grew its holdings in Amerant Bancorp by 10.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,388,926 shares of the company's stock valued at $30,611,000 after purchasing an additional 133,050 shares during the period. Principal Financial Group Inc. acquired a new stake in Amerant Bancorp in the first quarter valued at approximately $1,214,000. Sei Investments Co. increased its position in shares of Amerant Bancorp by 25.2% in the first quarter. Sei Investments Co. now owns 198,326 shares of the company's stock valued at $4,371,000 after buying an additional 39,971 shares in the last quarter. Finally, Persistent Asset Partners Ltd purchased a new stake in shares of Amerant Bancorp in the fourth quarter valued at approximately $704,000. Institutional investors and hedge funds own 42.11% of the company's stock.

Amerant Bancorp Price Performance

Shares of AMTB opened at $29.61 on Monday. The business's 50-day moving average is $28.92 and its two-hundred day moving average is $25.24. The company has a market capitalization of $1.16 billion, a P/E ratio of 21.30 and a beta of 0.83. Amerant Bancorp has a fifty-two week low of $15.62 and a fifty-two week high of $30.60. 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. Amerant Bancorp had a return on equity of 8.30% and a net margin of 8.76%.The business had revenue of $183.31 million during the quarter, compared to analysts' expectations of $98.64 million. Research analysts predict that Amerant Bancorp will post 2.2 earnings per share for the current year.

Amerant Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a $0.09 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.36 dividend on an annualized basis and a yield of 1.2%. Amerant Bancorp's payout ratio is presently 25.90%.

Amerant Bancorp Company Profile

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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