Amerant Bancorp’s (AMTB) Overweight Rating Reaffirmed at Stephens

Stephens reaffirmed their overweight rating on shares of Amerant Bancorp (NASDAQ:AMTB) in a report published on Thursday morning,Benzinga reports. The brokerage currently has a $29.00 target price on the stock.

Other research analysts also recently issued reports about the stock. Keefe, Bruyette & Woods lifted their price target on shares of Amerant Bancorp from $24.00 to $28.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Raymond James decreased their target price on Amerant Bancorp from $27.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, October 2nd. Finally, Piper Sandler increased their price target on shares of Amerant Bancorp from $26.50 to $29.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.20.

Amerant Bancorp Trading Up 4.7 %

Shares of AMTB stock opened at $23.45 on Thursday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.94 and a current ratio of 1.01. Amerant Bancorp has a 52-week low of $18.54 and a 52-week high of $27.00. The company has a market capitalization of $987.48 million, a PE ratio of -15.84 and a beta of 1.03. The business’s fifty day moving average is $23.35 and its 200 day moving average is $22.29.

Amerant Bancorp (NASDAQ:AMTB) last announced its earnings results on Wednesday, October 23rd. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Amerant Bancorp had a negative net margin of 8.38% and a positive return on equity of 5.73%. The business had revenue of ($999.00) million for the quarter, compared to the consensus estimate of $99.39 million. During the same period last year, the firm posted $0.64 earnings per share. On average, equities research analysts anticipate that Amerant Bancorp will post 1.19 EPS for the current fiscal year.

Amerant Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, February 14th. This represents a $0.36 annualized dividend and a dividend yield of 1.54%. Amerant Bancorp’s payout ratio is presently -24.32%.

Institutional Trading of Amerant Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC increased its holdings in shares of Amerant Bancorp by 121.2% in the 3rd quarter. Barclays PLC now owns 67,916 shares of the company’s stock worth $1,452,000 after purchasing an additional 37,208 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Amerant Bancorp by 13.6% during the third quarter. Geode Capital Management LLC now owns 734,376 shares of the company’s stock valued at $15,697,000 after purchasing an additional 87,696 shares in the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in Amerant Bancorp in the 3rd quarter worth $2,658,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Amerant Bancorp by 21.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 270,923 shares of the company’s stock worth $5,790,000 after acquiring an additional 47,882 shares during the period. Finally, State Street Corp boosted its stake in Amerant Bancorp by 8.2% in the 3rd quarter. State Street Corp now owns 807,835 shares of the company’s stock worth $17,263,000 after purchasing an additional 61,056 shares during the period. 42.11% of the stock is currently owned by institutional investors.

Amerant Bancorp Company Profile

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. It offers checking, savings, business, and money market accounts; cash management services; and certificates of deposits.