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.

Amerant Bancorp Price Performance

Shares of NASDAQ:AMTB traded up $0.88 during mid-day trading on Friday, reaching $27.41. 61,051 shares of the company traded hands, compared to its average volume of 67,375. The firm has a market cap of $925.91 million, a PE ratio of 9.45 and a beta of 1.02. Amerant Bancorp has a fifty-two week low of $22.34 and a fifty-two week high of $36.72. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.99 and a quick ratio of 1.03. The stock has a fifty day simple moving average of $28.04 and a 200-day simple moving average of $29.88.

Amerant Bancorp (NASDAQ:AMTB - Get Rating) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates 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 last year, the business posted $0.51 earnings per share. Equities research analysts anticipate that Amerant Bancorp will post 2.24 EPS for the current fiscal year.

Amerant Bancorp Dividend Announcement

The company 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. This represents a $0.36 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Tuesday, August 16th. Amerant Bancorp's dividend payout ratio is 2.07%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Piper Sandler dropped their price target on shares of Amerant Bancorp to $33.00 in a research note on Friday, July 22nd. Raymond James dropped their price target on shares of Amerant Bancorp from $38.00 to $36.00 and set an "outperform" rating on the stock in a research note on Friday, April 22nd.

Insider Buying and Selling at Amerant Bancorp

In other Amerant Bancorp news, Director Frederick C. Copeland, Jr. sold 1,000 shares of Amerant Bancorp stock in a transaction on Thursday, May 12th. The shares were sold at an average price of $27.60, for a total transaction of $27,600.00. Following the completion of the sale, the director now owns 17,523 shares of the company's stock, valued at approximately $483,634.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders purchased 1,638 shares of company stock valued at $45,105 in the last quarter. Company insiders own 14.14% of the company's stock.