Amerant Bancorp (NYSE:AMTB) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Amerant Bancorp (NYSE:AMTB) from a buy rating to a hold rating in a report issued on Sunday morning.

Several other equities analysts have also recently weighed in on the stock. Zacks Research cut shares of Amerant Bancorp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Amerant Bancorp in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Amerant Bancorp Price Performance

Shares of NYSE AMTB opened at $21.60 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.92 and a quick ratio of 0.92. The business has a 50-day moving average of $21.34 and a 200-day moving average of $20.01. The stock has a market capitalization of $891.43 million, a price-to-earnings ratio of 17.28 and a beta of 1.00. Amerant Bancorp has a fifty-two week low of $15.62 and a fifty-two week high of $23.55.

Amerant Bancorp (NYSE:AMTB) last issued its quarterly earnings results on Thursday, January 22nd. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.43 by $0.10. The firm had revenue of $230.71 million during the quarter. Amerant Bancorp had a return on equity of 7.81% and a net margin of 7.75%.

About Amerant Bancorp

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.