Wall Street Zen Downgrades Amerant Bancorp (NYSE:AMTB) to Hold

Key Points

• Wall Street Zen downgraded Amerant Bancorp from a "buy" rating to a "hold" rating in a recent note to investors.
• Weiss Ratings has also issued a "sell (d)" rating for Amerant Bancorp, contributing to an average rating of "Sell" for the stock.
• Amerant Bancorp's stock is currently trading at $17.93, with a market cap of approximately $748.58 million and a price-to-earnings ratio of -89.65.

Amerant Bancorp (NYSE:AMTB - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

Separately, Weiss Ratings restated a "sell (d)" rating on shares of Amerant Bancorp in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of "Sell".

Amerant Bancorp Trading Up 1.1%

Shares of AMTB opened at $17.93 on Friday. The firm has a market cap of $748.58 million, a price-to-earnings ratio of -89.65 and a beta of 1.30. The business has a 50 day moving average price of $20.14. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93. Amerant Bancorp has a 52 week low of $16.21 and a 52 week high of $26.24.

Amerant Bancorp (NYSE:AMTB - Get Free Report) last issued its earnings results on Wednesday, January 19th. The company reported $0.50 EPS for the quarter. Amerant Bancorp had a return on equity of 7.12% and a net margin of 0.60%.The company had revenue of $56.99 million during the quarter.

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. 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.

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