Log in

NASDAQ:AMTB - Mercantil Bank Stock Price, Forecast & News

$21.29
-0.16 (-0.75 %)
(As of 12/6/2019 01:17 AM ET)
Today's Range
$21.29
Now: $21.29
$21.70
50-Day Range
$18.89
MA: $20.69
$22.14
52-Week Range
$10.65
Now: $21.29
$22.70
Volume38,098 shs
Average Volume69,980 shs
Market Capitalization$919.86 million
P/E Ratio15.65
Dividend YieldN/A
BetaN/A
Mercantil Bank Holding Corporation operates as a 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 operates through four segments: Personal and Commercial Banking, Corporate LATAM, Treasury, and Institutional. It offers a range of checking and savings accounts, certificates of deposit, and money market accounts. The company 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. In addition, it offers trust and estate planning products and services, brokerage and investment advisory services in global capital markets, and wealth management and fiduciary services. Further, the company provides debit and credit cards; remote deposit capture, online banking, mobile banking, e-statements, night depository, direct deposit, and treasury management services; and cashier's checks, safe deposit boxes, and letters of credit. As of March 21, 2019, it operated 23 banking centers comprising 15 in South Florida and 8 in Houston, as well as loan production offices in Dallas, Texas, and New York. The company was founded in 1979 and is headquartered in Coral Gables, Florida.

Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:AMTB
CUSIPN/A
CIKN/A
Phone305-460-4038

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$363.23 million
Cash Flow$1.81 per share
Book Value$16.76 per share

Profitability

Net Income$45.83 million

Miscellaneous

Employees911
Market Cap$919.86 million
Next Earnings Date2/4/2020 (Estimated)
OptionableNot Optionable

Receive AMTB News and Ratings via Email

Sign-up to receive the latest news and ratings for AMTB and its competitors with MarketBeat's FREE daily newsletter.


Mercantil Bank (NASDAQ:AMTB) Frequently Asked Questions

What is Mercantil Bank's stock symbol?

Mercantil Bank trades on the NASDAQ under the ticker symbol "AMTB."

How were Mercantil Bank's earnings last quarter?

Mercantil Bank Holding Corp (NASDAQ:AMTB) announced its quarterly earnings data on Tuesday, October, 29th. The company reported $0.30 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $0.30. The company had revenue of $66.44 million for the quarter, compared to analysts' expectations of $67.36 million. Mercantil Bank had a net margin of 14.03% and a return on equity of 7.81%. View Mercantil Bank's Earnings History.

When is Mercantil Bank's next earnings date?

Mercantil Bank is scheduled to release their next quarterly earnings announcement on Tuesday, February 4th 2020. View Earnings Estimates for Mercantil Bank.

What price target have analysts set for AMTB?

5 equities research analysts have issued 12 month target prices for Mercantil Bank's stock. Their forecasts range from $17.00 to $19.00. On average, they expect Mercantil Bank's stock price to reach $18.58 in the next twelve months. This suggests that the stock has a possible downside of 12.7%. View Analyst Price Targets for Mercantil Bank.

What is the consensus analysts' recommendation for Mercantil Bank?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mercantil Bank in the last year. There are currently 5 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Mercantil Bank.

What are Wall Street analysts saying about Mercantil Bank stock?

Here are some recent quotes from research analysts about Mercantil Bank stock:
  • 1. According to Zacks Investment Research, "Amerant Bancorp Inc. is a bank holding company. It operates through its subsidiaries, Amerant Bank, N.A., Amerant Investments, Inc. and Amerant Trust, N.A. The Company provides deposit, credit and wealth management services to individuals and businesses primarily in the U.S., as well as select international clients. Amerant Bancorp Inc., formerly known as Mercantil Bank Holding Corporation, is headquartered in Coral Gables, Florida. " (11/6/2019)
  • 2. Stephens analysts commented, "We are updating our PT to $19 (from $18) and reiterate our Equal-Weight rating." (8/8/2019)

Has Mercantil Bank been receiving favorable news coverage?

Media headlines about AMTB stock have trended somewhat positive on Friday, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Mercantil Bank earned a media sentiment score of 1.3 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Mercantil Bank.

Are investors shorting Mercantil Bank?

Mercantil Bank saw a drop in short interest in October. As of October 31st, there was short interest totalling 768,600 shares, a drop of 7.4% from the September 30th total of 829,900 shares. Based on an average daily trading volume, of 90,200 shares, the days-to-cover ratio is presently 8.5 days. Currently, 3.6% of the company's stock are sold short. View Mercantil Bank's Current Options Chain.

Who are some of Mercantil Bank's key competitors?

What other stocks do shareholders of Mercantil Bank own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Mercantil Bank investors own include Total (TOT), BioMarin Pharmaceutical (BMRN), CBTX (CBTX), Nordstrom (JWN), Weyerhaeuser (WY), WEST JAPAN RWY/S (WJRYY), Blueberries Medical (BBM), Schneider Electric (SU), Serco Group (SRP) and Adaptimmune Therapeutics (ADAP).

Who are Mercantil Bank's key executives?

Mercantil Bank's management team includes the folowing people:
  • Mr. Millar Wilson, Vice-Chairman & CEO (Age 66)
  • Mr. Alberto Peraza, Co-Pres & CFO (Age 59)
  • Mr. Miguel Palacios, Exec. VP & Chief Bus. Officer (Age 51)
  • Mr. Alfonso Figueredo, Co-Pres & COO (Age 58)
  • Mr. Jorge Trabanco, Chief Accounting Officer (Age 58)

When did Mercantil Bank IPO?

(AMTB) raised $82 million in an initial public offering (IPO) on the week of December 17th 2018. The company issued 6,300,000 shares at $13.00 per share. Raymond James, Keefe, Bruyette & Woods (A Stifel Company) and Stephens served as the underwriters for the IPO and SunTrust Robinson Humphrey and FIG Partners were co-managers.

Who are Mercantil Bank's major shareholders?

Mercantil Bank's stock is owned by a number of of institutional and retail investors. Top institutional investors include State Street Corp (0.74%), Rhumbline Advisers (0.06%), First Trust Advisors LP (0.04%), Strs Ohio (0.03%), Millennium Management LLC (0.03%) and California Public Employees Retirement System (0.02%). View Institutional Ownership Trends for Mercantil Bank.

Which major investors are selling Mercantil Bank stock?

AMTB stock was sold by a variety of institutional investors in the last quarter, including Barclays PLC and First Trust Advisors LP. View Insider Buying and Selling for Mercantil Bank.

Which major investors are buying Mercantil Bank stock?

AMTB stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, Millennium Management LLC, California Public Employees Retirement System, Metropolitan Life Insurance Co NY, Strs Ohio, Rhumbline Advisers and Tower Research Capital LLC TRC. View Insider Buying and Selling for Mercantil Bank.

How do I buy shares of Mercantil Bank?

Shares of AMTB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Mercantil Bank's stock price today?

One share of AMTB stock can currently be purchased for approximately $21.29.

How big of a company is Mercantil Bank?

Mercantil Bank has a market capitalization of $919.86 million and generates $363.23 million in revenue each year. The company earns $45.83 million in net income (profit) each year or $1.36 on an earnings per share basis. Mercantil Bank employs 911 workers across the globe.View Additional Information About Mercantil Bank.

What is Mercantil Bank's official website?

The official website for Mercantil Bank is http://www.amerantbank.com/.

How can I contact Mercantil Bank?

Mercantil Bank's mailing address is 220 ALHAMBRA CIRCLE, CORAL GABLES FL, 33134. The company can be reached via phone at 305-460-4038 or via email at [email protected]


MarketBeat Community Rating for Mercantil Bank (NASDAQ AMTB)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  31 (Vote Outperform)
Underperform Votes:  48 (Vote Underperform)
Total Votes:  79
MarketBeat's community ratings are surveys of what our community members think about Mercantil Bank and other stocks. Vote "Outperform" if you believe AMTB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AMTB will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/6/2019 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel