Amerant Bancorp Inc. (NYSE:AMTB) Stock Has Average Price Target of $27.75 According to Brokerages

Shares of Amerant Bancorp Inc. (NYSE:AMTB) have earned an average rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $27.75.

AMTB has been the subject of several recent research reports. Keefe, Bruyette & Woods upped their price objective on Amerant Bancorp from $26.00 to $31.00 and gave the stock a “market perform” rating in a research report on Monday, August 3rd. Stephens lowered Amerant Bancorp from an “overweight” rating to an “equal weight” rating and set a $32.00 target price on the stock. in a research report on Wednesday, August 12th. Zacks Research cut Amerant Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 24th. Finally, Weiss Ratings raised Amerant Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, September 18th.

Amerant Bancorp Trading Up 0.0%

AMTB opened at $29.56 on Monday. The stock has a market capitalization of $1.16 billion, a P/E ratio of 21.27 and a beta of 0.82. Amerant Bancorp has a 12 month low of $15.62 and a 12 month high of $30.60. The firm’s fifty day simple moving average is $29.21 and its 200 day simple moving average is $25.54. The company has a current ratio of 0.86, a quick ratio of 0.84 and a debt-to-equity ratio of 0.87.

Amerant Bancorp (NYSE:AMTB) last announced its earnings results on Thursday, July 23rd. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.14. Amerant Bancorp had a net margin of 8.76% and a return on equity of 8.30%. The firm had revenue of $183.31 million during the quarter, compared to analyst estimates of $98.64 million. As a group, research analysts anticipate that Amerant Bancorp will post 2.2 EPS for the current fiscal year.

Amerant Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a $0.09 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.36 dividend on an annualized basis and a yield of 1.2%. Amerant Bancorp’s dividend payout ratio (DPR) is 25.90%.

Institutional Investors Weigh In On Amerant Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMTB. Nykredit A S acquired a new stake in shares of Amerant Bancorp in the 2nd quarter valued at approximately $29,000. Royal Bank of Canada increased its holdings in Amerant Bancorp by 149.2% during the first quarter. Royal Bank of Canada now owns 2,524 shares of the company’s stock worth $56,000 after buying an additional 1,511 shares during the last quarter. Empowered Funds LLC increased its holdings in Amerant Bancorp by 3.4% during the first quarter. Empowered Funds LLC now owns 164,730 shares of the company’s stock worth $3,631,000 after buying an additional 5,492 shares during the last quarter. Swiss National Bank raised its position in Amerant Bancorp by 8.1% during the first quarter. Swiss National Bank now owns 73,537 shares of the company’s stock worth $1,621,000 after acquiring an additional 5,500 shares in the last quarter. Finally, State of Wyoming raised its position in Amerant Bancorp by 148.6% during the first quarter. State of Wyoming now owns 9,941 shares of the company’s stock worth $219,000 after acquiring an additional 5,942 shares in the last quarter. 42.11% of the stock is owned by institutional investors.

Amerant Bancorp Company Profile

Amerant Bancorp Inc is a bank holding company headquartered in Coral Gables, Florida. Its principal subsidiary, Amerant Bank, N.A., provides banking and financial services to individuals, businesses and institutions.

Amerant Bank offers consumer and commercial deposit accounts, residential and commercial real estate lending, business loans, personal loans, treasury management and other cash-management services. The bank also provides wealth management and investment-related services for eligible customers.

The company primarily serves customers in Florida and Texas, with a significant presence in South Florida and additional operations in the Tampa Bay and Houston areas.