Shares of Amerant Bancorp Inc. (NASDAQ:AMTB) have received an average rating of “Buy” from the nine ratings firms that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $26.14.
Several research firms recently commented on AMTB. Raymond James raised their target price on Amerant Bancorp from $26.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, October 7th. TheStreet upgraded shares of Amerant Bancorp from a “c” rating to a “b-” rating in a research note on Monday, August 30th. Zacks Investment Research cut shares of Amerant Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, October 6th. Finally, Piper Sandler raised shares of Amerant Bancorp from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $23.00 to $30.00 in a report on Monday, August 30th.
Hedge funds and other institutional investors have recently made changes to their positions in the business. QS Investors LLC bought a new stake in shares of Amerant Bancorp during the first quarter valued at approximately $289,000. Citadel Advisors LLC acquired a new position in Amerant Bancorp during the 1st quarter worth $920,000. Dimensional Fund Advisors LP bought a new position in Amerant Bancorp in the 1st quarter valued at $1,108,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Amerant Bancorp in the 1st quarter valued at $59,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Amerant Bancorp by 11.3% in the 1st quarter. JPMorgan Chase & Co. now owns 75,394 shares of the company’s stock valued at $1,400,000 after buying an additional 7,675 shares during the period. 29.22% of the stock is owned by institutional investors.
Amerant Bancorp (NASDAQ:AMTB) last posted its quarterly earnings results on Wednesday, July 21st. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.12. The firm had revenue of $65.71 million during the quarter, compared to analyst estimates of $62.18 million. Amerant Bancorp had a net margin of 13.17% and a return on equity of 6.03%. Sell-side analysts forecast that Amerant Bancorp will post 1.7 EPS for the current year.
Amerant Bancorp Company Profile
Amerant Bancorp, Inc operates as the bank holding company, which provides banking products and services to individuals and businesses in the United States and internationally. The firm offers a range of checking and savings accounts, certificates of deposit, and money market accounts. 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 loans, personal loans, or loans secured by cash or securities and revolving credit card agreements.
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