Amerant Bancorp (NASDAQ:AMTB) Posts Earnings Results

Amerant Bancorp (NASDAQ:AMTB) posted its quarterly earnings results on Tuesday. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.01, Yahoo Finance reports. Amerant Bancorp had a return on equity of 1.85% and a net margin of 2.97%.

Shares of NASDAQ:AMTB traded up $0.36 on Thursday, hitting $22.06. The company’s stock had a trading volume of 62,653 shares, compared to its average volume of 76,502. Amerant Bancorp has a 12 month low of $9.01 and a 12 month high of $24.40. The firm has a market capitalization of $838.94 million, a P/E ratio of 88.24 and a beta of 1.03. The company’s 50-day moving average price is $22.20. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.49.

Several equities research analysts recently issued reports on the company. Truist upped their price target on Amerant Bancorp from $18.00 to $25.00 and gave the company a “hold” rating in a research report on Monday, May 17th. They noted that the move was a valuation call. Janney Montgomery Scott raised Amerant Bancorp from a “neutral” rating to a “buy” rating and set a $23.50 price target on the stock in a research report on Monday, May 3rd. Raymond James raised Amerant Bancorp from a “market perform” rating to an “outperform” rating and set a $25.00 price target on the stock in a research report on Friday, May 14th. Keefe, Bruyette & Woods raised Amerant Bancorp from a “market perform” rating to an “outperform” rating and upped their price target for the company from $21.00 to $24.00 in a research report on Friday, April 30th. Finally, Truist Securities upped their price objective on Amerant Bancorp from $18.00 to $25.00 and gave the stock a “hold” rating in a research note on Monday, May 17th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $21.38.

In other Amerant Bancorp news, insider Miguel Palacios purchased 2,000 shares of the firm’s stock in a transaction dated Monday, May 3rd. The stock was bought at an average price of $19.45 per share, with a total value of $38,900.00. Following the completion of the purchase, the insider now owns 80,150 shares in the company, valued at approximately $1,558,917.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 5.10% of the company’s stock.

About Amerant Bancorp

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 a range of checking and savings accounts, certificates of deposit, and money market accounts.

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Earnings History for Amerant Bancorp (NASDAQ:AMTB)

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