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

$20.49
+0.34 (+1.69 %)
(As of 09/18/2019 04:00 PM ET)
Today's Range
$20.00
Now: $20.49
$20.54
50-Day Range
$16.15
MA: $17.57
$20.48
52-Week Range
$10.65
Now: $20.49
$43.20
Volume3,458 shs
Average Volume68,326 shs
Market Capitalization$885.17 million
P/E Ratio15.07
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$1.9096 per share
Book Value$16.76 per share

Profitability

Net Income$45.83 million

Miscellaneous

Employees911
Market Cap$885.17 million
Next Earnings Date10/25/2019 (Estimated)
OptionableNot Optionable

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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) posted its quarterly earnings results on Friday, July, 26th. The company reported $0.35 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.30 by $0.05. The business earned $67.94 million during the quarter, compared to the consensus estimate of $68.30 million. Mercantil Bank had a net margin of 13.91% and a return on equity of 7.88%. 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 Friday, October 25th 2019. View Earnings Estimates for Mercantil Bank.

What price target have analysts set for AMTB?

5 analysts have issued 1-year price objectives for Mercantil Bank's stock. Their predictions range from $17.00 to $19.00. On average, they expect Mercantil Bank's share price to reach $18.58 in the next year. This suggests that the stock has a possible downside of 9.3%. 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. Stephens analysts commented, "We are updating our PT to $19 (from $18) and reiterate our Equal-Weight rating." (8/8/2019)
  • 2. 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. " (7/30/2019)

Has Mercantil Bank been receiving favorable news coverage?

Press coverage about AMTB stock has been trending negative recently, according to InfoTrie. The research firm scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Mercantil Bank earned a media sentiment score of -2.9 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the near term. View News Stories for Mercantil Bank.

Are investors shorting Mercantil Bank?

Mercantil Bank saw a drop in short interest during the month of August. As of August 31st, there was short interest totalling 680,000 shares, a drop of 9.6% from the July 31st total of 751,800 shares. Based on an average daily volume of 110,900 shares, the days-to-cover ratio is presently 6.1 days. Currently, 3.2% of the shares of the stock are short sold. 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 IPO on the week of December 17th 2018. The company issued 6,300,000 shares at a price of $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 many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (2.22%), Stilwell Value LLC (2.04%), Emerald Mutual Fund Advisers Trust (1.23%), Vanguard Group Inc. (0.63%), Bank of New York Mellon Corp (0.12%) and Charles Schwab Investment Management Inc. (0.09%). 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 Stilwell Value LLC and Emerald Mutual Fund Advisers Trust. View Insider Buying and Selling for Mercantil Bank.

Which major investors are buying Mercantil Bank stock?

AMTB stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., Bank of New York Mellon Corp, Charles Schwab Investment Management Inc., Wells Fargo & Company MN, Shakespeare Wealth Management Inc., Renaissance Technologies LLC and First Trust Advisors LP. 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 $20.49.

How big of a company is Mercantil Bank?

Mercantil Bank has a market capitalization of $885.17 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:  26 (Vote Outperform)
Underperform Votes:  39 (Vote Underperform)
Total Votes:  65
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 9/18/2019 by MarketBeat.com Staff

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