Mercantil Bank (AMTB) Now Covered by Raymond James

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Research analysts at Raymond James started coverage on shares of Mercantil Bank (NASDAQ:AMTB) in a research note issued to investors on Monday, The Fly reports. The brokerage set an “outperform” rating on the stock.

Other analysts also recently issued reports about the stock. Keefe, Bruyette & Woods assumed coverage on shares of Mercantil Bank in a research report on Sunday. They issued an “outperform” rating for the company. Stephens assumed coverage on shares of Mercantil Bank in a research report on Monday. They issued an “equal weight” rating for the company.

Shares of AMTB opened at $13.99 on Monday. Mercantil Bank has a 52 week low of $10.65 and a 52 week high of $259.23.

In other news, major shareholder Servicios Financiero Mercantil sold 4,922,477 shares of the stock in a transaction on Friday, December 21st. The shares were sold at an average price of $13.00, for a total value of $63,992,201.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

About Mercantil Bank

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 deposit, credit, and wealth management services international clients. The company operates through four segments: Personal and Commercial Banking, Corporate LATAM, Treasury, and Institutional.

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The Fly

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