Amerant Bancorp (NASDAQ:AMTB) Price Target Raised to $22.00

Key Points

• Keefe, Bruyette & Woods has increased the target price for Amerant Bancorp's stock from $20.00 to $22.00, indicating a potential upside of 8.48% from its previous close.
• Amerant Bancorp shares are currently trading at $20.28, with a 1-year price range of $16.21 to $26.24, while the company has a market cap of $848.33 million.
• Institutional ownership of Amerant Bancorp is significant, with approximately 42.11% of the stock held by institutional investors and hedge funds.

Amerant Bancorp (NASDAQ:AMTB - Get Free Report) had its target price raised by Keefe, Bruyette & Woods from $20.00 to $22.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price objective would suggest a potential upside of 13.87% from the stock's previous close.

AMTB has been the subject of a number of other research reports. Raymond James Financial lowered Amerant Bancorp from an "outperform" rating to a "market perform" rating in a research note on Thursday, April 24th. Stephens reiterated an "overweight" rating and issued a $24.00 price target on shares of Amerant Bancorp in a research note on Tuesday, April 29th.

Amerant Bancorp Trading Down 1.4%

Shares of NASDAQ AMTB traded down $0.28 on Monday, reaching $19.32. 113,775 shares of the company traded hands, compared to its average volume of 199,290. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 1.18. Amerant Bancorp has a fifty-two week low of $16.21 and a fifty-two week high of $26.24. The stock has a market capitalization of $808.14 million, a PE ratio of -33.88 and a beta of 1.31. The company has a 50 day moving average of $18.41 and a 200 day moving average of $19.80.

Institutional Trading of Amerant Bancorp

Hedge funds have recently made changes to their positions in the stock. SummerHaven Investment Management LLC raised its stake in shares of Amerant Bancorp by 1.8% in the 1st quarter. SummerHaven Investment Management LLC now owns 34,280 shares of the company's stock valued at $708,000 after acquiring an additional 620 shares in the last quarter. GAMMA Investing LLC boosted its stake in Amerant Bancorp by 160.4% during the 1st quarter. GAMMA Investing LLC now owns 1,211 shares of the company's stock valued at $25,000 after purchasing an additional 746 shares during the period. Swiss National Bank boosted its stake in Amerant Bancorp by 1.4% during the 1st quarter. Swiss National Bank now owns 66,837 shares of the company's stock valued at $1,380,000 after purchasing an additional 900 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 valued at $454,000 after purchasing an additional 963 shares during the period. Finally, Sterling Capital Management LLC boosted its stake in Amerant Bancorp by 1,000.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,167 shares of the company's stock valued at $26,000 after purchasing an additional 1,061 shares during the period. 42.11% of the stock is owned by hedge funds and other institutional investors.

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. It offers checking, savings, business, and money market accounts; cash management services; and certificates of deposits.