Amerant Bancorp - AMTB Stock Forecast, Price & News

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. In addition, the company offers trust and estate planning products and services to high-net-worth customers, brokerage and investment advisory services in global capital markets, and wealth management and fiduciary services. Further, it provides debit and credit cards, night depositories, direct deposits, cashier's checks, safe deposit boxes, letters of credit, and treasury management services, including wire transfer, remote deposit capture, and automated clearinghouse services; derivative instruments; and online and mobile banking, account balances, statements and other documents, online transfers and bill payment, and electronic delivery of customer statements services, as well as automated teller machines, and banking by mobile devices, telephone, and mail. As of December 31, 2021, the company operated 24 banking centers comprising 17 in Florida and 7 in Texas. It also operates loan production offices in Tampa, Florida. The company was formerly known as Mercantil Bank Holding Corporation and changed its name to Amerant Bancorp Inc. in June 2019. Amerant Bancorp Inc. was founded in 1979 and is headquartered in Coral Gables, Florida.

Analysts Set New Price Targets

AMTB has been the subject of several research analyst reports. Raymond James decreased their price target on shares of Amerant Bancorp from $38.00 to $36.00 and set an "outperform" rating for the company in a research note on Friday, April 22nd. Piper Sandler decreased their price target on shares of Amerant Bancorp to $33.00 in a research note on Friday, July 22nd.

Amerant Bancorp Trading Up 2.6 %

Shares of AMTB Stock opened at $28.11 on Tuesday. The company has a 50 day moving average of $28.01 and a 200-day moving average of $29.82. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 1.38. Amerant Bancorp has a 12-month low of $23.15 and a 12-month high of $36.72. The firm has a market cap of $949.56 million, a P/E ratio of 9.69 and a beta of 1.02.

Amerant Bancorp (NASDAQ:AMTB - Get Rating) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.23). Amerant Bancorp had a return on equity of 9.61% and a net margin of 27.91%. During the same quarter in the previous year, the business posted $0.51 EPS. Sell-side analysts anticipate that Amerant Bancorp will post 2.24 earnings per share for the current year.

Amerant Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Wednesday, August 17th will be paid a $0.09 dividend. The ex-dividend date is Tuesday, August 16th. This represents a $0.36 dividend on an annualized basis and a yield of 1.28%. Amerant Bancorp's dividend payout ratio is 2.07%.

Insider Activity at Amerant Bancorp

In other Amerant Bancorp news, insider Gerald P. Plush acquired 1,000 shares of Amerant Bancorp stock in a transaction that occurred on Monday, July 25th. The stock was acquired at an average cost of $27.14 per share, for a total transaction of $27,140.00. Following the purchase, the insider now owns 30,870 shares of the company's stock, valued at $837,811.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders acquired 1,638 shares of company stock worth $45,105. Corporate insiders own 14.14% of the company's stock.