Amerant Bancorp (NYSE:AMTB) Raised to “Hold” at Zacks Research

Amerant Bancorp (NYSE:AMTB) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

AMTB has been the subject of a number of other research reports. Weiss Ratings raised shares of Amerant Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 20th. Wall Street Zen raised shares of Amerant Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.67.

Amerant Bancorp Trading Up 1.5%

Shares of AMTB opened at $24.65 on Tuesday. Amerant Bancorp has a one year low of $15.62 and a one year high of $24.70. The stock has a 50-day moving average price of $23.09 and a 200 day moving average price of $21.97. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.85 and a current ratio of 0.87. The company has a market capitalization of $970.10 million, a P/E ratio of 17.48 and a beta of 0.90.

Amerant Bancorp (NYSE:AMTB) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. Amerant Bancorp had a return on equity of 8.59% and a net margin of 8.83%.The company had revenue of $177.94 million for the quarter, compared to the consensus estimate of $102.56 million. Sell-side analysts forecast that Amerant Bancorp will post 1.79 EPS for the current fiscal year.

Hedge Funds Weigh In On Amerant Bancorp

A number of hedge funds have recently added to or reduced their stakes in AMTB. Tudor Investment Corp ET AL raised its stake in shares of Amerant Bancorp by 411.8% during the third quarter. Tudor Investment Corp ET AL now owns 90,367 shares of the company’s stock valued at $1,741,000 after purchasing an additional 72,709 shares in the last quarter. JPMorgan Chase & Co. grew its position in Amerant Bancorp by 171.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 222,940 shares of the company’s stock valued at $4,296,000 after buying an additional 140,833 shares in the last quarter. UBS Group AG increased its stake in Amerant Bancorp by 35.0% during the 4th quarter. UBS Group AG now owns 130,932 shares of the company’s stock valued at $2,554,000 after buying an additional 33,935 shares during the period. Vanguard Group Inc. increased its stake in Amerant Bancorp by 9.3% during the 4th quarter. Vanguard Group Inc. now owns 2,424,944 shares of the company’s stock valued at $47,311,000 after buying an additional 206,874 shares during the period. Finally, Strs Ohio bought a new stake in shares of Amerant Bancorp during the 4th quarter worth about $611,000. Institutional investors and hedge funds own 42.11% of the company’s stock.

Amerant Bancorp Company Profile

Amerant Bancorp is the bank holding company and parent of Amerant Bank, a community-oriented financial institution headquartered in Coral Gables, Florida. Amerant Bank delivers a comprehensive range of deposit and lending products to both retail and commercial clients, including checking and savings accounts, certificates of deposit, consumer mortgages, and business lines of credit. In addition, the company offers specialized services such as treasury management, international trade finance, foreign exchange, and asset-based lending to support the complex needs of corporate and high-net-worth customers.

Tracing its roots to the early 1980s, Amerant has grown through a combination of strategic acquisitions and organic expansion.