NASDAQ:AMTBMercantil Bank Stock Price, Forecast & News

$11.65

-0.21 (-1.77 %)

(As of 05/26/2020 04:00 PM ET)

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Today's Range

$11.39

Now: $11.65▼

$12.04

50-Day Range

$10.93

MA: $12.62▼

$14.75

52-Week Range

$10.05

Now: $11.65▼

$23.59

Volume64,200 shs

Average Volume47,232 shs

Market Capitalization$491.22 million

P/E Ratio12.01

Dividend YieldN/A

Beta0.49

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.

Beat the Market (BTM) Rank^™

3.0 Analyst's Opinion

Consensus Rating
Mercantil Bank has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $17.33, Mercantil Bank has a potential upside of 48.8% from its current price of $11.65.
Amount of Analyst Coverage
Mercantil Bank has only been the subject of 1 research reports in the past 90 days.

1.8 Community Rank

Outperform Votes
Mercantil Bank has received 36 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Mercantil Bank has received 63 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Mercantil Bank has received 63.64% “underperform” votes from our community.

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.

0.0 Dividend Strength

Dividend Yield
Mercantil Bank does not currently pay a dividend.
Dividend Growth
Mercantil Bank does not have a long track record of dividend growth.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Mercantil Bank insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 16.48% of the stock of Mercantil Bank is held by insiders.
Percentage Held by Institutions
Only 18.74% of the stock of Mercantil Bank is held by institutions.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Mercantil Bank are expected to decrease by -8.11% in the coming year, from $0.37 to $0.34 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Mercantil Bank is 12.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.95.
Price to Earnings Ratio vs. Sector
The P/E ratio of Mercantil Bank is 12.01, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 16.06.
Price to Book Value per Share Ratio
Mercantil Bank has a P/B Ratio of 0.60. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.34 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry National commercial banks

Sub-IndustryN/A

SectorFinance

Current SymbolNASDAQ:AMTB

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.amerantbank.com

Phone305-460-4038

Debt

Debt-to-Equity Ratio1.58

Current Ratio1.01

Quick Ratio1.01

Price-To-Earnings

Trailing P/E Ratio12.01

Forward P/E Ratio31.49

P/E GrowthN/A

Sales & Book Value

Annual Sales$370.08 million

Price / Sales1.33

Cash Flow$1.73 per share

Price / Cash Flow6.74

Book Value$19.35 per share

Price / Book0.60

Profitability

EPS (Most Recent Fiscal Year)$1.24

Net Income$51.33 million

Net Margins11.26%

Return on Equity5.22%

Return on Assets0.54%

Miscellaneous

Employees911

Outstanding Shares42,165,000

Market Cap$491.22 million

Next Earnings Date7/24/2020 (Estimated)

OptionableNot Optionable

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Mercantil Bank (NASDAQ:AMTB) Frequently Asked Questions

How has Mercantil Bank's stock been impacted by COVID-19 (Coronavirus)?

Mercantil Bank's stock was trading at $14.50 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, AMTB stock has decreased by 19.7% and is now trading at $11.65. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Mercantil Bank?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mercantil Bank in the last year. There are currently 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Mercantil Bank.

When is Mercantil Bank's next earnings date?

Mercantil Bank is scheduled to release its next quarterly earnings announcement on Friday, July 24th 2020. View our earnings forecast for Mercantil Bank.

How were Mercantil Bank's earnings last quarter?

Mercantil Bank Holding Corp (NASDAQ:AMTB) posted its earnings results on Tuesday, April, 28th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by $0.08. The business earned $71.14 million during the quarter, compared to analysts' expectations of $62.13 million. Mercantil Bank had a return on equity of 5.22% and a net margin of 11.26%. View Mercantil Bank's earnings history.

What price target have analysts set for AMTB?

3 brokerages have issued 1-year price objectives for Mercantil Bank's shares. Their forecasts range from $14.00 to $19.00. On average, they expect Mercantil Bank's stock price to reach $17.33 in the next twelve months. This suggests a possible upside of 48.8% from the stock's current price. View analysts' price targets 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. " (4/6/2020)
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 been trending very positive this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Mercantil Bank earned a daily sentiment score of 3.7 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutMercantil Bank.

Are investors shorting Mercantil Bank?

Mercantil Bank saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 297,900 shares, an increase of 13.7% from the April 30th total of 262,100 shares. Based on an average trading volume of 45,600 shares, the short-interest ratio is presently 6.5 days. Currently, 1.5% of the shares of the company are short sold. View Mercantil Bank's Current Options Chain.

Who are some of Mercantil Bank's key competitors?

Some companies that are related to Mercantil Bank include Washington Federal (WAFD), Centerstate Bank (CSFL), Simmons First National (SFNC), Fulton Financial (FULT), CIT Group (CIT), Westamerica Bancorporation (WABC), Trustmark (TRMK), First Midwest Bancorp (FMBI), First Merchants (FRME), WesBanco (WSBC), WSFS Financial (WSFS), NBT Bancorp (NBTB), Northwest Bancshares (NWBI), Hope Bancorp (HOPE) and First Financial Bancorp (FFBC). View all 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), Wells Fargo & Co (WFC), Weyerhaeuser (WY), BioMarin Pharmaceutical (BMRN), CBTX (CBTX), General Mills (GIS), GlaxoSmithKline (GSK), International Paper (IP), Nordstrom (JWN) and Kirkland Lake Gold (KL).

Who are Mercantil Bank's key executives?

Mercantil Bank's management team includes the following 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 acted as the underwriters for the IPO and SunTrust Robinson Humphrey and FIG Partners were co-managers.

What is Mercantil Bank's stock symbol?

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

Who are Mercantil Bank's major shareholders?

Mercantil Bank's stock is owned by a number of retail and institutional investors. Top institutional investors include Patriot Financial Partners GP LP (4.92%), BlackRock Inc. (3.31%), Stilwell Value LLC (1.89%), State Street Corp (0.83%), Emerald Mutual Fund Advisers Trust (0.81%) and Geode Capital Management LLC (0.77%). View institutional ownership trends for Mercantil Bank.

Which institutional investors are selling Mercantil Bank stock?

AMTB stock was sold by a variety of institutional investors in the last quarter, including Stilwell Value LLC, Morgan Stanley, Emerald Mutual Fund Advisers Trust, UBS Group AG, State Street Corp, Victory Capital Management Inc., Victory Capital Management Inc., and First Trust Advisors LP. View insider buying and selling activity for Mercantil Bank.

Which institutional investors are buying Mercantil Bank stock?

AMTB stock was purchased by a variety of institutional investors in the last quarter, including Patriot Financial Partners GP LP, Geode Capital Management LLC, Invesco Ltd., Federated Hermes Inc., JPMorgan Chase & Co., BlackRock Inc., SG Americas Securities LLC, and Parametric Portfolio Associates LLC. View insider buying and selling activity 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 $11.65.

How big of a company is Mercantil Bank?

Mercantil Bank has a market capitalization of $491.22 million and generates $370.08 million in revenue each year. The company earns $51.33 million in net income (profit) each year or $1.24 on an earnings per share basis. Mercantil Bank employs 911 workers across the globe.

What is Mercantil Bank's official website?

The official website for Mercantil Bank is 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]

This page was last updated on 5/26/2020 by MarketBeat.com Staff